IRIS Accounts Production v25.1.4.42 06954120 Board of Directors 1.1.24 31.12.24 31.12.24 Medium entities true false true true false false true false These accounts have been prepared in accordance with the provisions applicable to companies subject to the medium-sized companies regime. Ordinary £1 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh069541202023-12-31069541202024-12-31069541202024-01-012024-12-31069541202022-12-31069541202023-01-012023-12-31069541202023-12-3106954120ns15:EnglandWales2024-01-012024-12-3106954120ns14:Euro2024-01-012024-12-3106954120ns10:Director12024-01-012024-12-3106954120ns10:PrivateLimitedCompanyLtd2024-01-012024-12-3106954120ns10:MediumEntities2024-01-012024-12-3106954120ns10:Audited2024-01-012024-12-3106954120ns10:Medium-sizedCompaniesRegimeForDirectorsReport2024-01-012024-12-3106954120ns10:Medium-sizedCompaniesRegimeForAccounts2024-01-012024-12-3106954120ns10:FullAccounts2024-01-012024-12-3106954120ns10:OrdinaryShareClass12024-01-012024-12-3106954120ns10:Director22024-01-012024-12-3106954120ns10:RegisteredOffice2024-01-012024-12-3106954120ns5:CurrentFinancialInstruments2024-12-3106954120ns5:CurrentFinancialInstruments2023-12-3106954120ns5:ShareCapital2024-12-3106954120ns5:ShareCapital2023-12-3106954120ns5:RetainedEarningsAccumulatedLosses2024-12-3106954120ns5:RetainedEarningsAccumulatedLosses2023-12-3106954120ns5:ShareCapital2022-12-3106954120ns5:RetainedEarningsAccumulatedLosses2022-12-3106954120ns5:RetainedEarningsAccumulatedLosses2023-01-012023-12-3106954120ns5:RetainedEarningsAccumulatedLosses2024-01-012024-12-3106954120ns5:WithinOneYearns5:CurrentFinancialInstruments2024-12-3106954120ns5:WithinOneYearns5:CurrentFinancialInstruments2023-12-3106954120ns10:OrdinaryShareClass12024-12-3106954120ns5:RetainedEarningsAccumulatedLosses2023-12-31
REGISTERED NUMBER: 06954120 (England and Wales)















STRATEGIC REPORT, REPORT OF THE DIRECTORS AND

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

ICC-UK LIMITED

ICC-UK LIMITED (REGISTERED NUMBER: 06954120)






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




Page

Company Information 1

Strategic Report 2

Report of the Directors 3

Report of the Independent Auditors 4

Income Statement 8

Other Comprehensive Income 9

Balance Sheet 10

Statement of Changes in Equity 11

Cash Flow Statement 12

Notes to the Cash Flow Statement 13

Notes to the Financial Statements 14


ICC-UK LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2024







DIRECTORS: Glycon Duarte Santos
Jean Carlo Correa Sobral





REGISTERED OFFICE: Cheribourne House
45A Station Road
Willington
Bedford
Bedfordshire
MK44 3QL





REGISTERED NUMBER: 06954120 (England and Wales)





AUDITORS: BN Audit Services Limited (Statutory Auditors)
45a Station Road
Willington
Bedfordshire
MK44 3QL

ICC-UK LIMITED (REGISTERED NUMBER: 06954120)

STRATEGIC REPORT
FOR THE YEAR ENDED 31 DECEMBER 2024

The directors present their strategic report for the year ended 31 December 2024.

REVIEW OF BUSINESS
The company continued to supply supplement for animal feed across Europe and boasts a large number of returning customers.

Due to increased competition the company's turnover reduced but increased its gross profit margins to 11% from 9% in 2023.


The company also maintains a strong financial position, with net assets increasing to over €9m.

PRINCIPAL RISKS AND UNCERTAINTIES
In line with many other companies the main risks are centred around:

- Foreign exchange risk - the company operates in multi currencies with key suppliers trading in $ and Chinese Yuan, there is a risk of fluctuation in the exchange rate which may affect profitability. The Directors continuously monitor the foreign exchange risk and have chosen to prepare accounts in Euros as this is the currency that all sales invoices are raised in.

The Directors continue to monitor the current economic position may have on the business.

FUTURE DEVELOPMENTS
The year ending 31 December 2024 finished with a drop in turnover but an increased profitability , Directors expect that a higher turnover and profitability will be achieved in the 2025 year..

POST BALANCE SHEET EVENTS
There were no significant post balance sheet events.

ON BEHALF OF THE BOARD:





Jean Carlo Correa Sobral - Director


1 July 2025

ICC-UK LIMITED (REGISTERED NUMBER: 06954120)

REPORT OF THE DIRECTORS
FOR THE YEAR ENDED 31 DECEMBER 2024

The directors present their report with the financial statements of the company for the year ended 31 December 2024.

PRINCIPAL ACTIVITY
The principal activity of the company in the year under review was that of supplying supplement for animal feed.

DIVIDENDS
No dividends will be distributed for the year ended 31 December 2024.

DIRECTORS
The directors shown below have held office during the whole of the period from 1 January 2024 to the date of this report.

Glycon Duarte Santos
Jean Carlo Correa Sobral

STATEMENT OF DIRECTORS' RESPONSIBILITIES
The directors are responsible for preparing the Strategic Report, the Report of the Directors and the financial statements in accordance with applicable law and regulations.

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these financial statements, the directors are required to:

-select suitable accounting policies and then apply them consistently;
-make judgements and accounting estimates that are reasonable and prudent;
-prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

STATEMENT AS TO DISCLOSURE OF INFORMATION TO AUDITORS
So far as the directors are aware, there is no relevant audit information (as defined by Section 418 of the Companies Act 2006) of which the company's auditors are unaware, and each director has taken all the steps that he ought to have taken as a director in order to make himself aware of any relevant audit information and to establish that the company's auditors are aware of that information.

AUDITORS
The auditors, BN Audit Services Limited (Statutory Auditors), will be proposed for re-appointment at the forthcoming Annual General Meeting.

ON BEHALF OF THE BOARD:





Jean Carlo Correa Sobral - Director


1 July 2025

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF
ICC-UK LIMITED

Opinion
We have audited the financial statements of ICC-UK Limited (the 'company') for the year ended 31 December 2024 which comprise the Income Statement, Other Comprehensive Income, Balance Sheet, Statement of Changes in Equity, Cash Flow Statement and Notes to the Cash Flow Statement, Notes to the Financial Statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:
-give a true and fair view of the state of the company's affairs as at 31 December 2024 and of its profit for the year then ended;
-have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and
-have been prepared in accordance with the requirements of the Companies Act 2006.

Qualified opinion on the financial statements
We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion. In our opinion, except for the effects of the matter described in the Basis for Qualified Opinion paragraph, the
financial statements:
• give a true and fair view of the state of the company's affairs as at 31 December 2024 and of its profit for the
year then ended;
• have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice;
and
• have been prepared in accordance with the requirements of the Companies Act 2006.

Basis for qualified opinion on financial statements
We draw attention to the stock value included in the financial statements. The auditors did not attend stock take at 31 December 2024 and are unable to confirm the existence of the stock value held of €3,531,721 at the balance sheet date.

Conclusions relating to going concern
In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report.

Other information
The directors are responsible for the other information. The other information comprises the information in the Strategic Report and the Report of the Directors, but does not include the financial statements and our Report of the Auditors thereon.

Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF
ICC-UK LIMITED


Opinions on other matters prescribed by the Companies Act 2006
In our opinion, based on the work undertaken in the course of the audit:
- the information given in the Strategic Report and the Report of the Directors for the financial year for which the financial statements are prepared is consistent with the financial statements; and
- the Strategic Report and the Report of the Directors have been prepared in accordance with applicable legal requirements.

Matters on which we are required to report by exception
In the light of the knowledge and understanding of the company and its environment obtained in the course of the audit, we have not identified material misstatements in the Strategic Report or the Report of the Directors.

We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion:
- adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or
- the financial statements are not in agreement with the accounting records and returns; or
- certain disclosures of directors' remuneration specified by law are not made; or
- we have not received all the information and explanations we require for our audit.

Responsibilities of directors
As explained more fully in the Statement of Directors' Responsibilities set out on page three, the directors are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the directors determine necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the directors are responsible for assessing the company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the directors either intend to liquidate the company or to cease operations, or have no realistic alternative but to do so.

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF
ICC-UK LIMITED


Auditors' responsibilities for the audit of the financial statements
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue a Report of the Auditors that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

As part of an audit in accordance with ISAs (UK), we exercise professional judgment and maintain professional scepticism throughout the audit. We also:

- Identify and assess the risks of material misstatement of the financial statements, whether due to fraud or error, design and perform audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control.

- Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the company's internal control.

- Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and related disclosures made by the directors.

- Conclude on the appropriateness of the directors' use of the going concern basis of accounting and, based on the audit evidence obtained, whether a material uncertainty exists related to events or conditions that may cast significant doubt on the company's ability to continue as a going concern. If we conclude that a material uncertainty exists, we are required to draw attention in our auditor's report to the related disclosures in the financial statements or, if such disclosures are inadequate, to modify our opinion. Our conclusions are based on the audit evidence obtained up to the date of our auditor's report. However, future events or conditions may cause the company to cease to continue as a going concern.

- Evaluate the overall presentation, structure and content of the financial statements, including the disclosures, and whether the financial statements represent the underlying transactions and events in a manner that achieves fair presentation (ie. gives a true and fair view).

We communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit and significant audit findings, including any significant deficiencies in internal control that we identify during our audit.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our Report of the Auditors.

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF
ICC-UK LIMITED


Use of our report
This report is made solely to the company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the company's members those matters we are required to state to them in a Report of the Auditors and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company's members as a body, for our audit work, for this report, or for the opinions we have formed.




Clive Noel (Senior Statutory Auditor)
for and on behalf of BN Audit Services Limited (Statutory Auditors)
45a Station Road
Willington
Bedfordshire
MK44 3QL

1 July 2025

ICC-UK LIMITED (REGISTERED NUMBER: 06954120)

INCOME STATEMENT
FOR THE YEAR ENDED 31 DECEMBER 2024

31.12.24 31.12.23
Notes €    €   

TURNOVER 15,201,215 19,164,085

Cost of sales 13,555,275 17,375,267
GROSS PROFIT 1,645,940 1,788,818

Administrative expenses 201,261 434,294
OPERATING PROFIT and
PROFIT BEFORE TAXATION 1,444,679 1,354,524

Tax on profit 5 361,170 317,051
PROFIT FOR THE FINANCIAL YEAR 1,083,509 1,037,473

ICC-UK LIMITED (REGISTERED NUMBER: 06954120)

OTHER COMPREHENSIVE INCOME
FOR THE YEAR ENDED 31 DECEMBER 2024

31.12.24 31.12.23
Notes €    €   

PROFIT FOR THE YEAR 1,083,509 1,037,473


OTHER COMPREHENSIVE INCOME - -
TOTAL COMPREHENSIVE INCOME
FOR THE YEAR

1,083,509

1,037,473

ICC-UK LIMITED (REGISTERED NUMBER: 06954120)

BALANCE SHEET
31 DECEMBER 2024

31.12.24 31.12.23
Notes €    €   
CURRENT ASSETS
Stocks 6 3,531,721 2,559,236
Debtors 7 4,715,734 4,096,014
Cash at bank 1,362,189 4,308,957
9,609,644 10,964,207
CREDITORS
Amounts falling due within one year 8 284,283 2,722,355
NET CURRENT ASSETS 9,325,361 8,241,852
TOTAL ASSETS LESS CURRENT
LIABILITIES

9,325,361

8,241,852

CAPITAL AND RESERVES
Called up share capital 9 1,177 1,177
Retained earnings 10 9,324,184 8,240,675
SHAREHOLDERS' FUNDS 9,325,361 8,241,852

The financial statements were approved by the Board of Directors and authorised for issue on 1 July 2025 and were signed on its behalf by:





Jean Carlo Correa Sobral - Director


ICC-UK LIMITED (REGISTERED NUMBER: 06954120)

STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 DECEMBER 2024

Called up
share Retained Total
capital earnings equity
€    €    €   
Balance at 1 January 2023 1,177 7,203,202 7,204,379

Changes in equity
Total comprehensive income - 1,037,473 1,037,473
Balance at 31 December 2023 1,177 8,240,675 8,241,852

Changes in equity
Total comprehensive income - 1,083,509 1,083,509
Balance at 31 December 2024 1,177 9,324,184 9,325,361

ICC-UK LIMITED (REGISTERED NUMBER: 06954120)

CASH FLOW STATEMENT
FOR THE YEAR ENDED 31 DECEMBER 2024

31.12.24 31.12.23
Notes €    €   
Cash flows from operating activities
Cash generated from operations 1 1,976,209 4,909,675
Tax paid (339,353 ) (103,424 )
Net cash from operating activities 1,636,856 4,806,251

Cash flows from financing activities
Inter company balance movement (4,583,624 ) (3,012,651 )
Net cash from financing activities (4,583,624 ) (3,012,651 )

(Decrease)/increase in cash and cash equivalents (2,946,768 ) 1,793,600
Cash and cash equivalents at beginning of
year

2

4,308,957

2,515,357

Cash and cash equivalents at end of year 2 1,362,189 4,308,957

ICC-UK LIMITED (REGISTERED NUMBER: 06954120)

NOTES TO THE CASH FLOW STATEMENT
FOR THE YEAR ENDED 31 DECEMBER 2024

1. RECONCILIATION OF PROFIT BEFORE TAXATION TO CASH GENERATED FROM
OPERATIONS

31.12.24 31.12.23
€    €   
Profit before taxation 1,444,679 1,354,524
(Increase)/decrease in stocks (972,485 ) 5,292,456
Decrease/(increase) in trade and other debtors 1,615,102 (1,762,598 )
(Decrease)/increase in trade and other creditors (111,087 ) 25,293
Cash generated from operations 1,976,209 4,909,675

2. CASH AND CASH EQUIVALENTS

The amounts disclosed on the Cash Flow Statement in respect of cash and cash equivalents are in respect of these Balance Sheet amounts:

Year ended 31 December 2024
31.12.24 1.1.24
€    €   
Cash and cash equivalents 1,362,189 4,308,957
Year ended 31 December 2023
31.12.23 1.1.23
€    €   
Cash and cash equivalents 4,308,957 2,515,357


3. ANALYSIS OF CHANGES IN NET FUNDS

At 1.1.24 Cash flow At 31.12.24
€    €    €   
Net cash
Cash at bank 4,308,957 (2,946,768 ) 1,362,189
4,308,957 (2,946,768 ) 1,362,189
Total 4,308,957 (2,946,768 ) 1,362,189

ICC-UK LIMITED (REGISTERED NUMBER: 06954120)

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

1. STATUTORY INFORMATION

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Cheribourne House
45a Station Road
Willington
Beds
MK443QL

The principal place of business is:
Av. Brigadeiro Faria Lima
1768 - CJ 4C
Sao Paulo
01451-909
Brazil

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" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

The presentation currency of the accounts is € (Euro).

Preparation of consolidated financial statements
The financial statements contain information about ICC-UK Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 400 of the Companies Act 2006 from the requirements to prepare consolidated financial statements as it and its subsidiary undertaking are included by full consolidation in the consolidated financial statements of its parent, ICC Industrial Commercio Exportacoa Ltda, Av. Brigadeiro Faria Lima 1768 - CJ4C.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

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

Turnover comprises the fair value of the consideration received or receivable for the sale of goods in the
ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

ICC-UK LIMITED (REGISTERED NUMBER: 06954120)

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

2. ACCOUNTING POLICIES - continued

Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is
determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

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.

Foreign currency transactions and balances
Transactions in foreign currencies are initially recorded at the functional currency rate prevailing at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated into the
respective functional currency of the entity at the rates prevailing on the reporting period date. Non-monetary
items carried at fair value that are denominated in foreign currencies are retranslated at the rate on the date when the fair value is re-measured.

Non-monetary items measured in terms of historical cost in a foreign currency are not retranslated.

Trade debtors
Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary
course of business.

Trade debtors are recognised initially at the transaction price. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due
according to the original terms of the receivables.

Trade creditors
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of
business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve
months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months
after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price.

ICC-UK LIMITED (REGISTERED NUMBER: 06954120)

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

3. EMPLOYEES AND DIRECTORS

There were no staff costs for the year ended 31 December 2024 nor for the year ended 31 December 2023.

The average number of employees during the year was as follows:
31.12.24 31.12.23

Directors 2 2

31.12.24 31.12.23
€    €   
Directors' remuneration - -

4. OPERATING PROFIT

The operating profit is stated after charging:

31.12.24 31.12.23
€    €   
Auditors' remuneration 7,942 7,884

5. TAXATION

Analysis of the tax charge
The tax charge on the profit for the year was as follows:
31.12.24 31.12.23
€    €   
Current tax:
UK corporation tax 361,170 317,051
Tax on profit 361,170 317,051

6. STOCKS
31.12.24 31.12.23
€    €   
Stocks 3,531,721 2,559,236

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
€    €   
Trade debtors 2,054,392 3,157,614
Amounts owed by group undertakings 2,234,822 -
Other debtors 426,027 938,400
VAT 493 -
4,715,734 4,096,014

ICC-UK LIMITED (REGISTERED NUMBER: 06954120)

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

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
€    €   
Trade creditors 89,234 207,157
Amounts owed to group undertakings - 2,348,802
Tax 172,493 150,676
Deferred income 6,374 2,463
Accrued expenses 16,182 13,257
284,283 2,722,355

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.12.24 31.12.23
value: €    €   
1,000 Ordinary £1 1 1,177 1,177

10. RESERVES
Retained
earnings
€   

At 1 January 2024 8,240,675
Profit for the year 1,083,509
At 31 December 2024 9,324,184