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REGISTERED NUMBER: 13166089 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2025

FOR

ICL FREIGHT LIMITED

ICL FREIGHT LIMITED (REGISTERED NUMBER: 13166089)

CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 January 2025










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


ICL FREIGHT LIMITED

COMPANY INFORMATION
for the Year Ended 31 January 2025







DIRECTORS: M Mulligan
Mrs K W Mulligan





REGISTERED OFFICE: Beckside Court
Annie Reed Road
Beverley
HU17 0LF





REGISTERED NUMBER: 13166089 (England and Wales)





ACCOUNTANTS: Sowerby
Chartered Accountants
Beckside Court
Annie Reed Road
Beverley
East Yorkshire
HU17 0LF

ICL FREIGHT LIMITED (REGISTERED NUMBER: 13166089)

BALANCE SHEET
31 January 2025

2025 2024
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 21,780 32,507

CURRENT ASSETS
Debtors 5 149,840 135,073
Cash at bank 95,715 169,943
245,555 305,016
CREDITORS
Amounts falling due within one year 6 105,638 158,347
NET CURRENT ASSETS 139,917 146,669
TOTAL ASSETS LESS CURRENT
LIABILITIES

161,697

179,176

PROVISIONS FOR LIABILITIES 5,445 8,127
NET ASSETS 156,252 171,049

CAPITAL AND RESERVES
Called up share capital 240 240
Retained earnings 156,012 170,809
SHAREHOLDERS' FUNDS 156,252 171,049

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

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

The directors acknowledge their 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.

ICL FREIGHT LIMITED (REGISTERED NUMBER: 13166089)

BALANCE SHEET - continued
31 January 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 Board of Directors and authorised for issue on 10 July 2025 and were signed on its behalf by:





M Mulligan - Director


ICL FREIGHT LIMITED (REGISTERED NUMBER: 13166089)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 January 2025


1. STATUTORY INFORMATION

ICL Freight Limited is a private company limited by shares and incorporated and domiciled in England. It has its registered office and principal place of business at 5 Regency Court, Barton upon Humber, North Lincolnshire, DN18 5AT, England

The principal activity of the company is other transportation support & activities

The presentational currency of the financial statements is Pound Sterling (£).

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.

Having regard to liquidity risk, current market conditions and other factors affecting the company, the use of the going concern basis of accounting is appropriate as, in the opinion of the directors, there are no material uncertainties related to events or conditions that may cast significant doubt about the ability of the company to continue as a going concern.

The directors, having taken into the factors discussed above as well as the uncertainties of the current economic environment, have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future.

Turnover
Turnover is the amount derived from ordinary activities, measured at the fair value of the consideration received or receivable. Turnover excludes value added tax and trade discounts.

Turnover from the sale of goods is recognised at the point of sale.

Turnover from services is recognised on completion of service, or when those services span the year end date, by reference to the stage of completion at the balance sheet date.

Sales are recognised at the point which the company has fulfilled its contractual obligations and the risks and rewards attached to the product, have been transferred to the customer.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 33% on reducing balance and 25% on a reducing balance basis

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses.

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.


ICL FREIGHT LIMITED (REGISTERED NUMBER: 13166089)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 January 2025


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

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 3 (2024 - 3 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 February 2024
and 31 January 2025 36,339
DEPRECIATION
At 1 February 2024 3,832
Charge for year 10,727
At 31 January 2025 14,559
NET BOOK VALUE
At 31 January 2025 21,780
At 31 January 2024 32,507

ICL FREIGHT LIMITED (REGISTERED NUMBER: 13166089)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 January 2025


5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Trade debtors 130,636 116,495
Other debtors 19,204 18,578
149,840 135,073

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Trade creditors 61,210 48,877
Taxation and social security 20,249 35,463
Other creditors 24,179 74,007
105,638 158,347