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REGISTERED NUMBER: 08923495 (England and Wales)















FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

FOR

IC TRANSPORT NORTH WEST LIMITED

IC TRANSPORT NORTH WEST LIMITED (REGISTERED NUMBER: 08923495)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


IC TRANSPORT NORTH WEST LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2025







DIRECTOR: M D J Cole





REGISTERED OFFICE: Unit 10, Norbury Court
City Works
Ashton Old Road
Manchester
M11 2NB





REGISTERED NUMBER: 08923495 (England and Wales)





ACCOUNTANTS: Strathmore Accountants Limited
3rd Floor, Ivy Mill,
Crown Street,
Failsworth
Manchester
M35 9BG

IC TRANSPORT NORTH WEST LIMITED (REGISTERED NUMBER: 08923495)

BALANCE SHEET
31 MARCH 2025

2025 2024
Notes £ £
FIXED ASSETS
Tangible assets 4 652,709 448,391

CURRENT ASSETS
Debtors 5 429,746 233,214
Cash at bank and in hand 48,746 110,773
478,492 343,987
CREDITORS
Amounts falling due within one year 6 (427,147 ) (390,176 )
NET CURRENT ASSETS/(LIABILITIES) 51,345 (46,189 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

704,054

402,202

CREDITORS
Amounts falling due after more than one
year

7

(364,962

)

(200,464

)

PROVISIONS FOR LIABILITIES (163,179 ) -
NET ASSETS 175,913 201,738

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 175,911 201,736
SHAREHOLDERS' FUNDS 175,913 201,738

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

IC TRANSPORT NORTH WEST LIMITED (REGISTERED NUMBER: 08923495)

BALANCE SHEET - continued
31 MARCH 2025


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 30 June 2025 and were signed by:





M D J Cole - Director


IC TRANSPORT NORTH WEST LIMITED (REGISTERED NUMBER: 08923495)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

1. STATUTORY INFORMATION

IC Transport North West Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Improvements to property - 15% on cost
Plant and machinery - 33% on cost
Fixtures and fittings - 33% on cost
Motor vehicles - 25% on cost and 20% on cost
Computer equipment - 33% on cost

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

IC TRANSPORT NORTH WEST LIMITED (REGISTERED NUMBER: 08923495)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2025

2. ACCOUNTING POLICIES - continued

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 17 (2024 - 15 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Improvements Plant and and
to property machinery fittings
£ £ £
COST
At 1 April 2024 16,456 30,081 6,486
Additions 708 16,905 1,083
Disposals - - -
At 31 March 2025 17,164 46,986 7,569
DEPRECIATION
At 1 April 2024 6,653 21,261 4,469
Charge for year 2,575 5,940 944
Eliminated on disposal - - -
At 31 March 2025 9,228 27,201 5,413
NET BOOK VALUE
At 31 March 2025 7,936 19,785 2,156
At 31 March 2024 9,803 8,820 2,017

Motor Computer
vehicles equipment Totals
£ £ £
COST
At 1 April 2024 806,345 6,417 865,785
Additions 404,004 - 422,700
Disposals (27,274 ) - (27,274 )
At 31 March 2025 1,183,075 6,417 1,261,211
DEPRECIATION
At 1 April 2024 380,354 4,657 417,394
Charge for year 198,259 1,004 208,722
Eliminated on disposal (17,614 ) - (17,614 )
At 31 March 2025 560,999 5,661 608,502
NET BOOK VALUE
At 31 March 2025 622,076 756 652,709
At 31 March 2024 425,991 1,760 448,391

IC TRANSPORT NORTH WEST LIMITED (REGISTERED NUMBER: 08923495)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2025

4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Plant and Motor
machinery vehicles Totals
£ £ £
COST
At 1 April 2024 - 641,637 641,637
Additions 14,750 404,004 418,754
Transfer to ownership - (205,899 ) (205,899 )
At 31 March 2025 14,750 839,742 854,492
DEPRECIATION
At 1 April 2024 - 245,948 245,948
Charge for year 819 179,233 180,052
Transfer to ownership - (123,656 ) (123,656 )
At 31 March 2025 819 301,525 302,344
NET BOOK VALUE
At 31 March 2025 13,931 538,217 552,148
At 31 March 2024 - 395,689 395,689

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£ £
Trade debtors 376,953 195,955
Other debtors 8,121 3,862
Prepayments and accrued income 44,672 33,397
429,746 233,214

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£ £
Bank loans and overdrafts 51,667 10,000
Hire purchase contracts 159,573 209,640
Trade creditors 72,045 59,123
Tax 17,114 37,486
Social security and other taxes 13,693 9,235
VAT 95,659 45,281
Other creditors 8,189 4,609
Accrued expenses 9,207 14,802
427,147 390,176

IC TRANSPORT NORTH WEST LIMITED (REGISTERED NUMBER: 08923495)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2025

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2025 2024
£ £
Bank loans 2,223 12,413
Hire purchase contracts 362,739 188,051
364,962 200,464