Registered number
11311511
ICO CATERING SERVICES LIMITED
Filleted Accounts
31 March 2025
ICO CATERING SERVICES LIMITED
Registered number: 11311511
Balance Sheet
as at 31 March 2025
Notes 2025 2024
£ £
Fixed assets
Tangible assets 3 3,903 4,879
Current assets
Debtors 4 592 4,025
Cash at bank and in hand 18,052 78,367
18,644 82,392
Creditors: amounts falling due within one year 5 (86,007) (119,195)
Net current liabilities (67,363) (36,803)
Total assets less current liabilities (63,460) (31,924)
Creditors: amounts falling due after more than one year 6 (31,842) (37,543)
Net liabilities (95,302) (69,467)
Capital and reserves
Called up share capital 100 100
Profit and loss account (95,402) (69,567)
Shareholders' funds (95,302) (69,467)
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Ismail Cuneyt Oktay
Director
Approved by the board on 14 July 2025
ICO CATERING SERVICES LIMITED
Notes to the Accounts
for the year ended 31 March 2025
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life.
Plant & Machinery 20% reducing balance.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period.
2 Employees 2025 2024
Number Number
Average number of persons employed by the company 1 1
3 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 April 2024 6,489 92,392 98,881
At 31 March 2025 6,489 92,392 98,881
Depreciation
At 1 April 2024 1,610 92,392 94,002
Charge for the year 976 - 976
At 31 March 2025 2,586 92,392 94,978
Net book value
At 31 March 2025 3,903 - 3,903
At 31 March 2024 4,879 - 4,879
4 Debtors 2025 2024
£ £
Trade debtors - 3,598
Other debtors 592 427
592 4,025
5 Creditors: amounts falling due within one year 2025 2024
£ £
Trade creditors 186 2,053
Taxation and social security costs 165 (91)
Director's loan 85,656 117,233
86,007 119,195
6 Creditors: amounts falling due after one year 2025 2024
£ £
Bank loan 31,842 37,543
7 Controlling party
Ismail Cuneyt Oktay
8 Other information
ICO CATERING SERVICES LIMITED is a private company limited by shares and incorporated in England. Its registered office is:
38 Warwick Way
London
England
SW1V 1RY
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