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REGISTERED NUMBER: 03112378 (England and Wales)















Unaudited Financial Statements

for the Year Ended 31 October 2024

for

IC Service And Maintenance Limited

IC Service And Maintenance Limited (Registered number: 03112378)






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 6


IC Service And Maintenance Limited

Company Information
for the Year Ended 31 October 2024







DIRECTOR: Mrs B Taylor





SECRETARY: Mrs B Taylor





REGISTERED OFFICE: Unit K3 Temple Court
Knights Park
Knight Road
Strood
Kent
ME2 2LT





REGISTERED NUMBER: 03112378 (England and Wales)





ACCOUNTANTS: Henry Reeves & Co Limited
Chartered Certified Accountants
5 West Court
Enterprise Road
Maidstone
Kent
ME15 6JD

IC Service And Maintenance Limited (Registered number: 03112378)

Balance Sheet
31 October 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 149,255 92,850

CURRENT ASSETS
Debtors 5 1,813,674 1,166,716
Investments 6 939 2,130
Cash at bank and in hand 1,645,070 1,540,631
3,459,683 2,709,477
CREDITORS
Amounts falling due within one year 7 1,710,648 1,315,939
NET CURRENT ASSETS 1,749,035 1,393,538
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,898,290

1,486,388

CREDITORS
Amounts falling due after more than one
year

8

(11,667

)

(22,975

)

PROVISIONS FOR LIABILITIES (18,056 ) (4,825 )
NET ASSETS 1,868,567 1,458,588

CAPITAL AND RESERVES
Called up share capital 1,200 1,200
Fair value reserve 9 (439 ) (816 )
Retained earnings 1,867,806 1,458,204
SHAREHOLDERS' FUNDS 1,868,567 1,458,588

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 director acknowledges her 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 Service And Maintenance Limited (Registered number: 03112378)

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 director and authorised for issue on 25 July 2025 and were signed by:





Mrs B Taylor - Director


IC Service And Maintenance Limited (Registered number: 03112378)

Notes to the Financial Statements
for the Year Ended 31 October 2024

1. STATUTORY INFORMATION

IC Service And Maintenance 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.

Revenue associated with a transaction is recognised within turnover by reference to the stage of completion of the transaction at the end of the reporting period.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Fixtures and fittings - 25% on cost
Motor vehicles - 25% on reducing balance
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.

Investments
Investments are recognised at fair value through profit and loss.

IC Service And Maintenance Limited (Registered number: 03112378)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 24 (2023 - 20 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
and Motor Office
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1 November 2023 13,126 173,126 112,401 298,653
Additions - 90,829 7,349 98,178
Disposals - (18,896 ) - (18,896 )
At 31 October 2024 13,126 245,059 119,750 377,935
DEPRECIATION
At 1 November 2023 13,126 86,446 106,231 205,803
Charge for year - 32,190 3,729 35,919
Eliminated on disposal - (13,042 ) - (13,042 )
At 31 October 2024 13,126 105,594 109,960 228,680
NET BOOK VALUE
At 31 October 2024 - 139,465 9,790 149,255
At 31 October 2023 - 86,680 6,170 92,850

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 1,753,912 1,091,600
Other debtors 59,762 75,116
1,813,674 1,166,716

6. CURRENT ASSET INVESTMENTS
2024 2023
£    £   
Listed investments 939 2,130

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 10,000 10,000
Hire purchase contracts 599 3,637
Trade creditors 695,859 359,671
Taxation and social security 315,083 280,246
Other creditors 689,107 662,385
1,710,648 1,315,939

IC Service And Maintenance Limited (Registered number: 03112378)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2024

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 11,667 21,667
Hire purchase contracts - 1,308
11,667 22,975

9. RESERVES
Fair
value
reserve
£   
At 1 November 2023 (816 )
Transfer to/from fair value
reserve 377

At 31 October 2024 (439 )

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

Included in other creditors is an amount of £542 (2023 : £826) due to Mrs B Taylor in respect of her director's loan account. The loan is interest free, unsecured, and repayable on demand.