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REGISTERED NUMBER: 03051243 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2024

FOR

INDEPENDENT COMPONENTS DISTRIBUTORS
LIMITED

INDEPENDENT COMPONENTS DISTRIBUTORS
LIMITED (REGISTERED NUMBER: 03051243)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024




Page

Company Information 1

Balance Sheet 2 to 3

Notes to the Financial Statements 4 to 5


INDEPENDENT COMPONENTS DISTRIBUTORS
LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 OCTOBER 2024







DIRECTORS: J M T Hunter
I R Beard
P Cousins
M H Fraser Moat
S A Pick
S Do Prado





REGISTERED OFFICE: Unit 2B Pinhoe Trading Estate
Venny Bridge
Exeter
Exeter
Devon
EX4 8JN





REGISTERED NUMBER: 03051243 (England and Wales)





ACCOUNTANTS: Sheppard Rockey & Williams Ltd
Sannerville Chase
Exminster
Exeter
Devon
EX6 8AT

INDEPENDENT COMPONENTS DISTRIBUTORS
LIMITED (REGISTERED NUMBER: 03051243)

BALANCE SHEET
31 OCTOBER 2024

31.10.24 31.10.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 651 977

CURRENT ASSETS
Debtors 5 156,805 129,667
Cash at bank 89,091 173,699
245,896 303,366
CREDITORS
Amounts falling due within one year 6 128,279 183,413
NET CURRENT ASSETS 117,617 119,953
TOTAL ASSETS LESS CURRENT
LIABILITIES

118,268

120,930

CREDITORS
Amounts falling due after more than one
year

7

-

5,400
NET ASSETS 118,268 115,530

RESERVES
Income and expenditure account 118,268 115,530
118,268 115,530

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2024 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 surplus or deficit 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.

INDEPENDENT COMPONENTS DISTRIBUTORS
LIMITED (REGISTERED NUMBER: 03051243)

BALANCE SHEET - continued
31 OCTOBER 2024


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 18 July 2025 and were signed on its behalf by:





S Do Prado - Director


INDEPENDENT COMPONENTS DISTRIBUTORS
LIMITED (REGISTERED NUMBER: 03051243)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024

1. STATUTORY INFORMATION

Independent Components Distributors Limited is a private company, limited by guarantee , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the 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.

Turnover
Turnover represents the invoiced value of goods and services supplied by the company, net of value added tax and trade discounts.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Office equipment - 25% 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.

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 7 (2023 - 7 ) .

INDEPENDENT COMPONENTS DISTRIBUTORS
LIMITED (REGISTERED NUMBER: 03051243)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2024

4. TANGIBLE FIXED ASSETS
Office
equipment
£   
COST
At 1 November 2023
and 31 October 2024 4,101
DEPRECIATION
At 1 November 2023 3,124
Charge for year 326
At 31 October 2024 3,450
NET BOOK VALUE
At 31 October 2024 651
At 31 October 2023 977

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.24 31.10.23
£    £   
Trade debtors 141,459 53,560
Other debtors 15,346 76,107
156,805 129,667

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.24 31.10.23
£    £   
Bank loans and overdrafts 200 2,400
Trade creditors 11,444 41,971
Taxation and social security 4,213 6,212
Other creditors 112,422 132,830
128,279 183,413

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.10.24 31.10.23
£    £   
Bank loans - 5,400

8. LIMITED BY GUARANTEE

The company is limited by guarantee, without share capital, and is under the control of its members whose liability is limited to an amount not exceeding £1.