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REGISTERED NUMBER: 12810611 (England and Wales)












Group Strategic Report,

Report of the Directors and

Consolidated Financial Statements

for the Year Ended 30 December 2024

for

Ice Comms Holdings Ltd

Ice Comms Holdings Ltd (Registered number: 12810611)






Contents of the Consolidated Financial Statements
for the year ended 30 December 2024




Page

Company Information 1

Group Strategic Report 2

Report of the Directors 6

Report of the Independent Auditors 8

Consolidated Statement of Comprehensive Income 11

Consolidated Statement of Financial Position 12

Company Statement of Financial Position 13

Consolidated Statement of Changes in Equity 14

Company Statement of Changes in Equity 15

Consolidated Statement of Cash Flows 16

Notes to the Consolidated Statement of Cash Flows 17

Notes to the Consolidated Financial Statements 18


Ice Comms Holdings Ltd

Company Information
for the year ended 30 December 2024







DIRECTORS: J S Ward
J A Taylor
S W Bonell



REGISTERED OFFICE: Crewe House
4 Oak Street
Crewe
Cheshire
CW2 7DB



REGISTERED NUMBER: 12810611 (England and Wales)



SENIOR STATUTORY AUDITOR: Stuart Banks BSc, FCA



AUDITORS: Banks Sheridan (Statutory Auditor)
Datum House
Electra Way
Crewe
Cheshire
CW1 6ZF

Ice Comms Holdings Ltd (Registered number: 12810611)

Group Strategic Report
for the year ended 30 December 2024

The directors present their strategic report of the company and the group for the year ended 30 December 2024.

REVIEW OF BUSINESS
Principal Activities

There are 2 trading companies that are consolidated within Ice Comms Holdings Ltd:

- Ice Telecommunications Ltd
- Ice Comms Properties Ltd

Ice Telecommunications Ltd is an independent award winning B2B provider of performance enhancing telecommunications solutions to businesses.

With over 67,000 mobile phone connections and several more thousands of landline / VOIP and hosted solutions to over 4,000 diverse businesses across various market sectors, Ice Telecommunications (Ice Comms) is a widely recognised brand that delivers on value and solutions.

The performance of Ice Comms, which is reflected in the Group, has built on the strong recovery achieved last year, following a challenging period in 2022. Ice Comms significant progression is based on a strategy to build on their organic growth platforms and ensuring its product portfolio supports the changing needs of UK businesses. The Group has also made a significant investment in the building of relationships with organisations based in overseas territories. Those overseas companies now form an intrinsic element of the growth plans of Ice Comms and are a major source of customer leads brought into the business, the cost of which are reflected in the Intangible Fixed Asset Development Costs.

Ice Comms Properties Ltd is a property investment company, which leases office premises, including the head office of Ice Comms and also receives rental income from other third party businesses.

Financial Review
The table below details the financial performance of the group

Group Group

31/12/2023 to
30/12/2024

31/12/2023 to
30/12/2024

Revenue £m 19,247 16,833
Gross profit % 36.24% 39.96%
EBITDA £m 1.083 0.548
Shareholders funds £m -0.223 -0.722

Revenue and profitability have increased significantly compared to the previous year and it can be concluded that the Group has had a superb year. It is expected that net profits will continue to improve in future years as we create a stronger foundation for growth, which can be explained by:
- Our focus on consolidation within the workforce - we focussed on bringing in the right people in the right
places to ensure a better experience for both new and existing customers. This led to more satisfied customers
who were more likely to be retained, creating additional revenue.
- Improved performance as measured via KPIs - conversion rates / leads generated, cancellation rates, better
credit reporting of customers are just some of the KPIs that have been continued to great success.
- Investment in more qualified staff to increase the knowledge within the business and to reflect the additional
skills and attributes required to manage the growth that we'd achieved.
- We are a living wage employer and proud of it and we committed to matching any increase in pay.
- Gross profit levels have held up well again in 2024 following a difficult year reported in 2022. This is owing to
better controls when engaging in customer contracts and the loss in margins experienced due to the base sale in
2022.

Ice Comms Holdings Ltd (Registered number: 12810611)

Group Strategic Report
for the year ended 30 December 2024

REVIEW OF BUSINESS (Continued)
Revenue growth of 13.2% has been achieved in 2024, which was the result of organic growth and increased customer retention through improved customer service of Ice Comms. In particular, the increase in revenue was mainly seen in a 26.5% increase in commission revenue from customer contracts with network operators. These significant improvements in the Group's performance have been driven by:

- Investment in great people
Workforce costs have increased by 19%. Investment in the Sales and Operations team followed a staffing restructure in 2023, which initially saw a reduction in staff numbers and formed part of the company strategy to invest in the right people in the right places. The directors would like to pay tribute to the whole team - their relentless determination, outstanding loyalty and work ethic that has resulted in these great results.

- Innovative products to provide great solutions
Partnering with different suppliers and innovative tech businesses the Group was and is able to provide unique solutions to our partners e.g. keeping mobile communications available during English Channel crossing, taking advantage of 5G and exploring 100% renewable energy supplies. The Group is always actively seeking out new products and updated systems in order to ensure that customers are offered the most suitable packages to meet their needs.

-Creating a culture for a customer focussed approach
Leading review website Trustpilot, has Ice Comms described as "reviewers overwhelmingly had a great experience with this company" and provided an outstanding score of 4.4 / 5 - all thanks to the fantastic service Ice Comms provides to customers.

During the year, the Group has supported the development of entities based in overseas territories which provide customer leads to Ice Comms. These entities have been developed with the UK business market in mind and those entities have recruited a workforce aimed at creating good relationships with potential customers.

- Creating a great working environment
Initiatives such as flexi time, working from home, social mobility initiatives / diversity initiatives have created a unique culture within the group that drives fun, success, teamwork with the focus on customers underpinning everything we do.

These changes and the relative growth and performance of the group in 2024 has been demonstrated by Ice Comms receiving significant industry wide recognition, which the group are extremely proud of.

PRINCIPAL RISKS AND UNCERTAINTIES
The directors have implemented controls designed to identify the principal risks and uncertainties faced by the group and set measures to mitigate those factors, which include:

1) Cost of living impact
The current economic climate and labour shortage is anticipated to put additional pressures on employment costs, which will require planning and management to ensure these are effectively controlled.

2) Recruitment
To continue the growth of the Group to match its aspirations, recruitment and staff retention is a key aspect to delivering this. The job market has been difficult to navigate as the Group has to compete with more organisations to obtain the high-quality candidates. These challenges have been mitigated by offering flexible working, market rate salary and by creating our USP for recruitment - our staff are customer focussed, have fun and leading levels of non-financial benefits. The Group has also successfully made use of overseas entities to provide additional support in the creation of new customer leads.

Ice Comms Holdings Ltd (Registered number: 12810611)

Group Strategic Report
for the year ended 30 December 2024

PRINCIPAL RISKS AND UNCERTAINTIES (Continued)
3) Market Competition
There has been significant movement in the telecommunication industry with consolidations as well as other large organisations entering the market e.g. Radius. This increases the competition within the sector and we have had to differentiate ourselves not just on price but also our customer support and offering. As a business we welcome this as it drives us further to ,deliver improvements in our offerings and our commercial approach. To mitigate the risks and uncertainties outlined, there has been planned improvement in performance measures across the Group as a whole to deliver and improve our customer support.

4) General economic activity
The main trading subsidiary Ice Comms operates in the business to business sector and where economic activity shows a downward trend, this might be perceived as a potential risk to the operations of that company and the group. However, experience has shown that revenues tend to be robust, irrespective of activity as telecoms are an essential part of business, irrespective of the economic conditions. Additionally, Ice Comms offering is to save customers' money and realise operational efficiencies - hence as a business it and the group has done well.

5) Lack of diversification
The group is heavily dependent on telecommunications and will continue to investigate other areas such as business energy supply, IT, phone cover etc. as cross-sell opportunities into existing customers to create additional margins.

6) Regulatory changes and price risk
Previous regulatory changes have affected gross telephony revenues and prices and the group monitors the effects of this on a regular basis and where applicable will devise and implement strategies and policies to address and minimise the impact of any commercial pressures or compliance requirements.

7) Changes in technology
The speed of technological advancement and customer expectations in telecommunications is regularly monitored by the group. One of the strengths of the group is through the independence of Ice Comms, its ability to adapt to change and willingness to offer a variety of products to the UK total communications market.

8) Liquidity and cashflow risk
The group mitigates this risk by profit retention and a strong cash balance, alongside policies with customers where incentives are paid on a spread basis. The Group regularly reviews cash flow projections and its finance team have been targeted to improve cash flow management. The Group is also investigating in new products that improve cash flow.

9) Credit risk
Credit risk is the risk that one party to a financial instrument will cause a financial loss for the other party by failing to discharge an obligation. Group policies are aimed at minimising such losses and require that deferred terms are only granted to customers who demonstrate an appropriate payment history and satisfy credit worthiness procedures. A large proportion of the mobile customer credit risk is borne by O2 and other carriers rather than the Group as they receive their revenue share from them rather than collecting cash from customers.

OUR PEOPLE
In addition to physical health and well-being we have made strides within mental health and "softer" benefits such as leave work early days to maintain the goodwill and commitment we have created within our workforce.

Some of our activities that we have carried out are:
- Investment in a modern working environment to make it a positive place to work.
- Incentives available to all staff to celebrate success across the business.
- Monthly incentives for all teams such as early finishes and a meal out as a team to reward good performance
and promote stronger inter-departmental relationships.
- Additional work on the building has been added to create a 'breakout area' where staff can take time away from
their desks.
- This also helps when it comes to recruiting the best staff our staff are our best advocates.
.


Ice Comms Holdings Ltd (Registered number: 12810611)

Group Strategic Report
for the year ended 30 December 2024

BUSINESS OUTLOOK
The growth of the group, as stated above, has been phenomenal and we aim to continue this trajectory, but are focussed on doing this at a manageable pace to allow us to continue to focus on our customer service..

This will be achieved through improved performance, organic growth of our core services and introducing new products that will complement those..

We will do this through
- The implementation of a new CRM system that automates the end to end process of a sale to customer, creating
a great customer journey as well as operational in house efficiencies.
- Developing effective partnerships with businesses to act as referrers.
- Investing in people to expand and retain the best people to achieve our growth plans.
- Executing a compelling cross sell and up-sell strategy through to our customer base to develop our new
products across the utilities and energy sectors.
- Develop the resources based overseas which will allow us to expand our capacity to create new business and
enhance the customer experience.

Our aim is to be place businesses go to drive down costs, improve efficiency and create value.

ON BEHALF OF THE BOARD:





J S Ward - Director


7 August 2025

Ice Comms Holdings Ltd (Registered number: 12810611)

Report of the Directors
for the year ended 30 December 2024

The directors present their report with the financial statements of the company and the group for the year ended 30 December 2024.

PRINCIPAL ACTIVITIES
The principal activities of the group in the year under review were those of holding company, telecommunications and property rentals.

DIVIDENDS
The total distribution of interim dividends for the period ended 30 December 2024 will be £nil (2023: £70,000).

FUTURE DEVELOPMENTS
The directors are to continue to address the liquidity and profitability issues and having been successful in several key areas during 2024, will ensure that the Group continues to see an upward trajectory in 2025 and beyond. They will also focus on the Group being well positioned to take advantage of any trading or other business opportunities that may be available and are expecting further growth and profitability in 2025.

EVENTS SINCE THE END OF THE YEAR
Information relating to events since the end of the year is given in the notes to the financial statements.

DIRECTORS
The directors shown below have held office during the whole of the period from 31 December 2023 to the date of this report.

J S Ward
J A Taylor
S W Bonell

EXPOSURE TO CASH FLOW, LIQUIDITY, CREDIT AND PRICE RISK
Liquidity and cashflow risk
The objective of the group in managing liquidity risk is to ensure that it can meet its financial obligations as and when they fall due. The group is in a sound financial position and has agreed facilities to allow it to meet its financial obligations through operating cash flows.

Credit risk
The group may offer credit terms to some of its customers,which allow payment of the debt after delivery of goods or may enter into long term contracts. The group is at risk to the extent that a customer may be unable to pay the debt on the specified due date or will fail to complete the full term of the contract.. This risk is mitigated by the strong on-going customer relationships and effective credit control procedures.

Price risk
Price risk arises because of the potential movement of purchase prices increasing the costs of goods and services. This risk is mitigated by having strong and lasting relationships established with the group's main suppliers.


Ice Comms Holdings Ltd (Registered number: 12810611)

Report of the Directors
for the year ended 30 December 2024

STATEMENT OF DIRECTORS' RESPONSIBILITIES
The directors are responsible for preparing the Group 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 the group and of the profit or loss of the group 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 and the group's transactions and disclose with reasonable accuracy at any time the financial position of the company and the group 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 the group 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 group'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 group's auditors are aware of that information.

AUDITORS
The auditors, Banks Sheridan (Statutory Auditor), will be proposed for re-appointment at the forthcoming Annual General Meeting.

ON BEHALF OF THE BOARD:





J S Ward - Director


7 August 2025

Report of the Independent Auditors to the Members of
Ice Comms Holdings Ltd

Opinion
We have audited the financial statements of Ice Comms Holdings Ltd (the 'parent company') and its subsidiaries (the 'group') for the year ended 30 December 2024 which comprise the Consolidated Statement of Comprehensive Income, Consolidated Statement of Financial Position, Company Statement of Financial Position, Consolidated Statement of Changes in Equity, Company Statement of Changes in Equity, Consolidated Statement of Cash Flows and Notes to the Consolidated Statement of Cash Flows, 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 group's and of the parent company affairs as at 30 December 2024 and of the group's 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 opinion
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 group 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.

Conclusions relating to going concern
We draw your attention to note 3 of the financial statements which indicates that as of 30 December 2024 the group has net liabilities of £222,824 and net current liabilities of £356,133 (parent company - net assets £1,540). This indicates that a material uncertainty exists that may cast significant doubt on the groups ability to continue as a going concern. Our opinion is not modified in respect of this matter.

Other information
The directors are responsible for the other information. The other information comprises the information in the Group 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.

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 Group 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 Group Strategic Report and the Report of the Directors have been prepared in accordance with applicable legal requirements.

Report of the Independent Auditors to the Members of
Ice Comms Holdings Ltd


Matters on which we are required to report by exception
In the light of the knowledge and understanding of the group and the parent company and its environment obtained in the course of the audit, we have not identified material misstatements in the Group 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 by the parent company, or returns adequate for our audit have not been received from branches not visited by us; or
- the parent company 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 seven, 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 group's and the parent 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 group or the parent company or to cease operations, or have no realistic alternative but to do so.

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:

Irregularities, including fraud, are instances of non-compliance with laws and regulations
We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. Based on our understanding of the group, and its industry, we identified that the principal risks of non-compliance with laws and regulations related to the UK tax legislation, pensions legislation, employment regulation and health and safety regulation, anti-bribery, corruption, fraud and money laundering. We considered the extent to which non-compliance might have a material effect on the financial statements. We also considered those laws and regulations that have a direct impact on the preparation of the financial statements, such as the Companies Act 2006.

We evaluated the directors' and management's incentives and opportunities for fraudulent manipulation of the financial statements (including the risk of override of controls) and determined that the principal risks were related to posting manual journal entries to manipulate financial performance, management bias through judgements and assumptions in significant accounting estimates, in particular in relation to loss reserves, and significant one-off or unusual transactions.

Our audit procedures were designed to respond to those identified risks, including non-compliance with laws and regulations (irregularities) and fraud that are material to the financial statements. Our audit procedures included but were not limited to:
- Discussing with the directors and management their policies and procedures regarding compliance with laws
and regulations;
- Communicating identified laws and regulations throughout our engagement team and remaining alert to any
indications of non-compliance throughout our audit; and
- Considering the risk of acts by the group which were contrary to applicable laws and regulations, including
fraud.

Report of the Independent Auditors to the Members of
Ice Comms Holdings Ltd


Our audit procedures in relation to fraud included but were not limited to:
- Making enquiries of the director and management on whether they had knowledge of any actual, suspected or alleged fraud;
- Gaining an understanding of the internal controls established to mitigate risks related to fraud;
- Discussing amongst the engagement team the risks of fraud; and
- Addressing the risks of fraud through management override of controls by performing journal entry testing.

There are inherent limitations in the audit procedures described above and the primary responsibility for the prevention and detection of irregularities including fraud rests with the director and management. As with any audit, there remained a risk of non-detection of irregularities, as these may involve collusion, forgery, intentional omissions, misrepresentations or the override of internal controls.

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.

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.




Stuart Banks BSc, FCA (Senior Statutory Auditor)
for and on behalf of Banks Sheridan (Statutory Auditor)
Datum House
Electra Way
Crewe
Cheshire
CW1 6ZF

7 August 2025

Ice Comms Holdings Ltd (Registered number: 12810611)

Consolidated
Statement of Comprehensive
Income
for the year ended 30 December 2024

2024 2023
Notes £    £   

TURNOVER 4 19,246,654 16,832,877

Cost of sales (12,271,719 ) (10,106,028 )
GROSS PROFIT 6,974,935 6,726,849

Administrative expenses (6,552,218 ) (6,616,521 )
422,717 110,328

Other operating income 113,747 137,304
Gain/loss on revaluation of investment
property

-

1,049,863
OPERATING PROFIT 6 536,464 1,297,495

Interest receivable and similar income 7,939 3,688
544,403 1,301,183

Interest payable and similar expenses 7 (65,930 ) (74,779 )
PROFIT BEFORE TAXATION 478,473 1,226,404

Tax on profit 8 20,955 (247,213 )
PROFIT FOR THE FINANCIAL YEAR 499,428 979,191

OTHER COMPREHENSIVE INCOME - -
TOTAL COMPREHENSIVE INCOME
FOR THE YEAR

499,428
Prior year adjustment (1,529,662 )
TOTAL COMPREHENSIVE INCOME
SINCE LAST ANNUAL REPORT

(550,471

)

Profit attributable to:
Owners of the parent 499,428 979,191

Total comprehensive income attributable to:
Owners of the parent 499,428 (2,080,133 )

Ice Comms Holdings Ltd (Registered number: 12810611)

Consolidated Statement of Financial Position
30 December 2024

2024 2023
Notes £    £   
FIXED ASSETS
Intangible assets 11 885,443 386,712
Tangible assets 12 141,060 222,473
Investments 13 - -
Investment property 14 2,000,000 2,000,000
3,026,503 2,609,185

CURRENT ASSETS
Debtors: amounts falling due within one
year

15

3,463,024

3,409,535
Debtors: amounts falling due after more than
one year

15

568,590

317,126
Cash at bank and in hand 954,221 289,840
4,985,835 4,016,501
CREDITORS
Amounts falling due within one year 16 (5,341,968 ) (5,776,223 )
NET CURRENT LIABILITIES (356,133 ) (1,759,722 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,670,370

849,463

CREDITORS
Amounts falling due after more than one
year

17

(2,297,611

)

(1,018,678

)

PROVISIONS FOR LIABILITIES 22 (595,583 ) (553,036 )
NET LIABILITIES (222,824 ) (722,251 )

CAPITAL AND RESERVES
Called up share capital 23 1,540 1,540
Merger reserve 24 1,172,304 1,172,304
Retained earnings 24 (1,396,668 ) (1,896,095 )
SHAREHOLDERS' FUNDS (222,824 ) (722,251 )

The financial statements were approved by the Board of Directors and authorised for issue on 7 August 2025 and were signed on its behalf by:





J S Ward - Director


Ice Comms Holdings Ltd (Registered number: 12810611)

Company Statement of Financial Position
30 December 2024

2024 2023
Notes £    £   
FIXED ASSETS
Intangible assets 11 - -
Tangible assets 12 - -
Investments 13 1,640 1,640
Investment property 14 - -
1,640 1,640

CREDITORS
Amounts falling due within one year 16 (100 ) (100 )
NET CURRENT LIABILITIES (100 ) (100 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,540

1,540

CAPITAL AND RESERVES
Called up share capital 23 1,540 1,540
SHAREHOLDERS' FUNDS 1,540 1,540

Company's profit for the financial year - 70,000

The financial statements were approved by the Board of Directors and authorised for issue on 7 August 2025 and were signed on its behalf by:





J S Ward - Director


Ice Comms Holdings Ltd (Registered number: 12810611)

Consolidated Statement of Changes in Equity
for the year ended 30 December 2024

Called up
share Retained Merger Total
capital earnings reserve equity
£    £    £    £   
Balance at 31 December 2022 1,540 (1,275,624 ) 1,172,304 (101,780 )
Prior year adjustment - (1,529,662 ) - (1,529,662 )
As restated 1,540 (2,805,286 ) 1,172,304 (1,631,442 )

Changes in equity
Dividends - (70,000 ) - (70,000 )
Total comprehensive income - 979,191 - 979,191
Balance at 30 December 2023 1,540 (1,896,095 ) 1,172,304 (722,251 )

Changes in equity
Total comprehensive income - 499,428 - 499,428
Balance at 30 December 2024 1,540 (1,396,667 ) 1,172,304 (222,823 )

Ice Comms Holdings Ltd (Registered number: 12810611)

Company Statement of Changes in Equity
for the year ended 30 December 2024

Called up
share Retained Total
capital earnings equity
£    £    £   
Balance at 31 December 2022 1,540 - 1,540

Changes in equity
Dividends - (70,000 ) (70,000 )
Total comprehensive income - 70,000 70,000
Balance at 30 December 2023 1,540 - 1,540

Changes in equity
Balance at 30 December 2024 1,540 - 1,540

Ice Comms Holdings Ltd (Registered number: 12810611)

Consolidated Statement of Cash Flows
for the year ended 30 December 2024

2024 2023
Notes £    £   
Cash flows from operating activities
Cash generated from operations 1 2,269,993 1,066,350
Interest paid (65,930 ) (74,779 )
Tax paid (321,219 ) (103,262 )
Net cash from operating activities 1,882,844 888,309

Cash flows from investing activities
Purchase of intangible fixed assets (932,976 ) (377,286 )
Purchase of tangible fixed assets (11,470 ) (15,655 )
Sale of tangible fixed assets 1,300 -
Interest received 7,939 3,688
Net cash from investing activities (935,207 ) (389,253 )

Cash flows from financing activities
Loan repayments in year (95,245 ) (89,365 )
Amount withdrawn by directors (188,011 ) (127,760 )
Equity dividends paid - (70,000 )
Net cash from financing activities (283,256 ) (287,125 )

Increase in cash and cash equivalents 664,381 211,931
Cash and cash equivalents at beginning of
year

2

289,840

77,909

Cash and cash equivalents at end of year 2 954,221 289,840

Ice Comms Holdings Ltd (Registered number: 12810611)

Notes to the Consolidated Statement of Cash Flows
for the year ended 30 December 2024

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

2024 2023
£    £   
Profit before taxation 478,473 1,226,404
Depreciation charges 496,335 286,428
Profit on disposal of fixed assets (506 ) -
Gain on revaluation of fixed assets - (1,049,863 )
Increase in provisions 56,366 259,661
Impairment 30,000 -
Finance costs 65,930 74,779
Finance income (7,939 ) (3,688 )
1,118,659 793,721
Decrease in stocks - 99,650
Increase in trade and other debtors (89,258 ) (664,970 )
Increase in trade and other creditors 1,240,592 837,949
Cash generated from operations 2,269,993 1,066,350

2. CASH AND CASH EQUIVALENTS

The amounts disclosed on the Statement of Cash Flows in respect of cash and cash equivalents are in respect of these Statement of Financial Position amounts:

Year ended 30 December 2024
30.12.24 31.12.23
£    £   
Cash and cash equivalents 954,221 289,840
Year ended 30 December 2023
30.12.23 31.12.22
£    £   
Cash and cash equivalents 289,840 77,909


3. ANALYSIS OF CHANGES IN NET (DEBT)/FUNDS

At 31.12.23 Cash flow At 30.12.24
£    £    £   
Net cash
Cash at bank and in hand 289,840 664,381 954,221
289,840 664,381 954,221
Debt
Debts falling due within 1 year (89,066 ) (63,738 ) (152,804 )
Debts falling due after 1 year (575,662 ) 158,981 (416,681 )
(664,728 ) 95,243 (569,485 )
Total (374,888 ) 759,624 384,736

Ice Comms Holdings Ltd (Registered number: 12810611)

Notes to the Consolidated Financial Statements
for the year ended 30 December 2024

1. STATUTORY INFORMATION

Ice Comms Holdings Ltd 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 General Information page.

2. STATEMENT OF COMPLIANCE

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

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

The principal accounting policies applied in the preparation of these financial statements are set out below.

These policies have been consistently applied to all years presented, unless otherwise stated.

Basis of preparation
The financial statements are prepared on the going concern basis under the historical cost convention and comply with the United Kingdom Accounting Standards and Companies Act 2006.

Going concern
The Group continues to be involved in the provision of mobile phone contracts to the commercial sector and rental of office premises.

The post year end management accounts and forecasts indicate that the Group continues to trade profitably and be cash generating, but the net liability position on the statement of financial position persists. As of 30 december 2024 the Group has net liabilities of £222,824 and net current liabilities of £356,133, but current indications reflect the Group returning to a Net Assets position in the December 2025 financial statements. Taking all known factors into account, the Directors believe that the Group will be able to continue to trade and meet its liabilities as they fall due for a period of at least 12 months from the date of approval of the financial statements. When assessing this position, the Directors have considered the principal risks and material uncertainties facing the Group and have established policies for managing these. These include any uncertainties regarding the Group's ability to maintain the level of sales and rental income in the future, which they continue to manage by shaping improvements to their customer service levels. There are further uncertainties in relation to the Group's creditors continuing to agree to payment plans that the Group can meet.

These financial statements have been prepared on a going concern basis as at the time of approving the accounts the Directors have a reasonable expectation of the Group having adequate resources to continue in operational existence for the foreseeable future.

Having full regard of the uncertainties outlined above, these financial statements reflecting a net liabilities position and after taking all known factors into account, the Directors believe that the Group will be able to continue to trade and meet its liabilities for a period of 12 months from the date of approval of these financial statements. Thus the Directors continue to adopt the going concern basis of accounting in preparing the financial statements.

Ice Comms Holdings Ltd (Registered number: 12810611)

Notes to the Consolidated Financial Statements - continued
for the year ended 30 December 2024

3. ACCOUNTING POLICIES - continued

Basis of consolidation
The group financial statements consolidate the financial statements of Ice Comms Holdings Ltd and its subsidiary undertakings which are made up to 30 December.

A subsidiary undertaking is an entity controlled by the group. Control is the power to govern the financial and operating policies of an entity so as to obtain benefits from its activities.

Any subsidiary undertakings sold or acquired during the year are included up to or from the dates of change of control or influence respectively.

All intra-group transactions, balances, income and expenses are eliminated on consolidation.

Business combinations and goodwill
Acquisitions of subsidiaries are accounted for by applying the merger method of accounting . Consequently no fair value adjustments have been applied. The cost of the business combination is measured at the aggregate of the cost (at the date of exchange) of assets given, liabilities incurred or assumed, plus costs directly attributable to the business combination.

Significant judgements and estimates
In the application of the group's accounting policies, which are described above, the directors' are required to make judgements, estimates and assumptions about the carrying amounts of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

Long term contracts
In calculating the revenue to be recognised over the term of the contract certain key estimates are used for accrued income, which has been estimated based on monthly contracted income and associated costs.

Trade debtors
The group engages its customers into contracts with third party suppliers, which are subject to rights of cancellation. The timing difference between the group earning its right to income, the date the contract is processed by the third party supplier, payment on that contract and accounting for rebates and claw-backs results in the directors being required to provide their best judgement of accrued income. This estimate is reflected in the company's turnover and trade debtors.

At each reporting date, trade debtors are assessed for recoverability. If there is any evidence of impairment, the carrying amount is reduced to its recoverable amount. The impairment loss is recognised immediately in the Statement of Income.

Ice Comms Holdings Ltd (Registered number: 12810611)

Notes to the Consolidated Financial Statements - continued
for the year ended 30 December 2024

3. ACCOUNTING POLICIES - continued

Turnover
Revenue is recognised to the extent that the group obtains the right to consideration in exchange for its performance. Revenue is measured at the fair value of the consideration received, excluding discounts, rebates, VAT and other sales taxes or duty.

Customer contracted services revenue
Revenue from the provision of direct services to the customer is recognised by reference to the stage of completion of the contract. The stage of completion is measured by the costs incurred to date against the total estimated service cost taken over the contracted period. The right to revenue as measured against the stage of completion, which if in excess of amounts billed to date to the customer are shown in prepayments and accrued income within debtors: amounts falling due within one year.

Commission revenue from customer contracts with network operator
Revenue derived from establishing a customer with a network provider is recognised in full when the contract is completed between the customer and the network provider. All current and future contractual income and costs associated with that customer's network contract are recognised in full immediately. Commission clawbacks are recognised at the time of occurrence and an estimated provision is set against revenue Additional revenue entitlement based on customer use and RPI increases are recognised at the time of occurrence.

Call revenue
Call revenue is recognised in the month in which the service is completed. Customer calls made in the year, but not billed by the year end are accrued within debtors: amounts falling due within one year as accrued income.

Line rental revenue
Income from line rental is recognised during the period to which the line rental relates.

Handsets
Turnover and related costs from the sale of handsets are recognised on the date title or use of the handset passes to the customer or if provided through a leasing company, the date that the agreement between the leasing company and the customer is activated.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2016 has been fully amortised.

Ice Comms Holdings Ltd (Registered number: 12810611)

Notes to the Consolidated Financial Statements - continued
for the year ended 30 December 2024

3. ACCOUNTING POLICIES - continued

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

An impairment loss has been recognised in the Consolidated Statement of Comprehensive Income, following an assessment at the Consolidated Statement of Financial Position date indicating the recoverable amount was less than its carrying value.

Development costs are being amortised evenly over their estimated useful life of four years.

Computer software is being amortised evenly over its estimated useful life of three years.

Development costs
Included in development costs are lead acquisition costs where they meet the criteria for capitalisation as an intangible asset and to the extent that they are supported by expected future cash inflows exceeding costs beyond one year. Development Costs comprise the cost of acquisition from other entities and are amortised on a straight line basis over their estimated useful lives of four years.

Computer software
Acquired computer software is capitalised on the basis that costs incurred to acquire and bring into use the specific software and are amortised over their estimated useful lives of three years. Costs that are directly associated with the production of identifiable and unique software products controlled by the Group, and that will probably generate economic benefits exceeding costs beyond one year, are recognised as intangible assets. Direct costs include the software development, employee costs and an appropriate portion of relevant overheads. Costs associated with maintaining computer software programmes are recognised as an expense as incurred.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to leasehold property - straight line over remainder of lease
Plant and machinery - 20% on cost
Fixtures and fittings - 20% on cost
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost

Investment property
Investment property is shown at fair value, the fair value is reviewed annually by the directors. Any aggregate surplus or deficit arising from changes in the fair value in the year is recognised in the profit or loss within the Statement of Comprehensive Income.

Income from investment property is recognised on a straight line basis over the period of the lease and is shown in other operating income.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Consolidated Statement of Comprehensive Income, 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 statement of financial position date.


Ice Comms Holdings Ltd (Registered number: 12810611)

Notes to the Consolidated Financial Statements - continued
for the year ended 30 December 2024

3. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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 group operates a defined contribution pension scheme. Contributions payable to the group's pension scheme are charged to profit or loss in the period to which they relate.

Provisions for liabilities
Provisions are recognised when the company has a present obligation (legal or constructive) as a result of a past event, it is probable that the company will be required to settle the obligation, and a reliable estimate can be made of the amount of the obligation.

The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the end of the reporting period, taking into account the risks and uncertainties surrounding the obligation.

Clawback provision
A commission clawback provision is included to cover the directors best estimate of commissions that will need to be repaid.

4. TURNOVER

The turnover and profit before taxation are attributable to the principal activities of the group.

An analysis of turnover by class of business is given below:

2024 2023
£    £   
Indirect 13,192,724 10,241,925
Wholesale 3,271,162 2,718,690
Other 2,782,768 3,872,262
19,246,654 16,832,877

An analysis of turnover by geographical market is given below:

2024 2023
£    £   
United Kingdom 19,246,654 16,832,877
19,246,654 16,832,877

Ice Comms Holdings Ltd (Registered number: 12810611)

Notes to the Consolidated Financial Statements - continued
for the year ended 30 December 2024

5. EMPLOYEES AND DIRECTORS
2024 2023
£    £   
Wages and salaries 4,396,379 3,681,779
Social security costs 415,774 344,237
Other pension costs 80,361 83,407
4,892,514 4,109,423

The average number of employees during the year was as follows:
2024 2023

Director 3 3
Other Director 3 5
IT & software development 2 2
Operations 28 21
Sales 98 88
134 119

The group operates a defined contribution pension scheme for the benefit of employees and directors. The assets of the scheme are administered by an independent pensions provider. Pension payments are recognised as an expense during the year and amount to £80,361 (2023: £83,407)

2024 2023
£    £   
Directors' remuneration 119,149 124,783
Directors' pension contributions to money purchase schemes 29,638 46,139

The number of directors to whom retirement benefits were accruing was as follows:

Money purchase schemes 3 3

6. OPERATING PROFIT

The operating profit is stated after charging/(crediting):

2024 2023
£    £   
Other operating leases 262,911 200,945
Depreciation - owned assets 92,089 107,666
Profit on disposal of fixed assets (506 ) -
Development costs amortisation 301,464 89,213
Computer software amortisation 102,781 89,549
Auditors' remuneration 3,000 5,750
Auditors remuneration - non audit work 56,285 38,155

Ice Comms Holdings Ltd (Registered number: 12810611)

Notes to the Consolidated Financial Statements - continued
for the year ended 30 December 2024

6. OPERATING PROFIT - continued

AUDITORS' REMUNERATION

Period Period
31.12.23 31.12.22
to to
30.12.24 30.12.23
£ £
Fees payable to the company's auditor for the audit of the company's annual
accounts

3,000


5,750

Fees payable to the company's auditor for other services:
- Audit of subsidiary undertakings 19,050 25,400
- Taxation compliance 750 750
- Accountancy and assurance 36,485 12,005

56,285 38,155

7. INTEREST PAYABLE AND SIMILAR EXPENSES
2024 2023
£    £   
Bank interest - 1
Interest on late payments 30,650 33,620
Funding circle interest paid 17,129 20,789
Interest payable 18,151 20,369
65,930 74,779

8. TAXATION

Analysis of the tax (credit)/charge
The tax (credit)/charge on the profit for the year was as follows:
2024 2023
£    £   
Current tax:
Adjustment relating to prior
years (7,135 ) -

Deferred tax:
Deferred tax (13,820 ) (15,252 )
Deferred tax on property
revaluation - 262,465
Total deferred tax (13,820 ) 247,213
Tax on profit (20,955 ) 247,213

UK corporation tax has been charged at 25 % (2023 - 25 %).

Ice Comms Holdings Ltd (Registered number: 12810611)

Notes to the Consolidated Financial Statements - continued
for the year ended 30 December 2024

8. TAXATION - continued

Reconciliation of total tax (credit)/charge included in profit and loss
The tax assessed for the year is lower than the standard rate of corporation tax in the UK. The difference is explained below:

2024 2023
£    £   
Profit before tax 478,473 1,226,404
Profit multiplied by the standard rate of corporation tax in the UK of 25 %
(2023 - 25 %)

119,618

306,601

Effects of:
Expenses not deductible for tax purposes 33,075 34,216
Change in tax rates - 2,026

Losses on which deferred tax not recognised (177,406 ) (95,630 )
Differences in tax rates 3,758 -
Total tax (credit)/charge (20,955 ) 247,213

9. INDIVIDUAL STATEMENT OF COMPREHENSIVE INCOME

As permitted by Section 408 of the Companies Act 2006, the Income Statement of the parent company is not presented as part of these financial statements.


10. DIVIDENDS

Dividends paid in the year on the shares classed as equity amounted to £Nil (2023: £70,000)

11. INTANGIBLE FIXED ASSETS

Group
Development Computer
Goodwill costs software Totals
£    £    £    £   
COST
At 31 December 2023 7,166 475,280 307,631 790,077
Additions - 754,046 178,930 932,976
At 30 December 2024 7,166 1,229,326 486,561 1,723,053
AMORTISATION
At 31 December 2023 7,166 164,213 231,986 403,365
Amortisation for year - 301,464 102,781 404,245
Impairments - 30,000 - 30,000
At 30 December 2024 7,166 495,677 334,767 837,610
NET BOOK VALUE
At 30 December 2024 - 733,649 151,794 885,443
At 30 December 2023 - 311,067 75,645 386,712

Ice Comms Holdings Ltd (Registered number: 12810611)

Notes to the Consolidated Financial Statements - continued
for the year ended 30 December 2024

12. TANGIBLE FIXED ASSETS

Group
Improvements
to Fixtures
leasehold Plant and and
property machinery fittings
£    £    £   
COST
At 31 December 2023 80,136 16,672 335,101
Additions - - 6,649
Disposals - - (1,300 )
At 30 December 2024 80,136 16,672 340,450
DEPRECIATION
At 31 December 2023 40,068 8,939 174,787
Charge for year 20,034 3,334 60,524
Eliminated on disposal - - (506 )
At 30 December 2024 60,102 12,273 234,805
NET BOOK VALUE
At 30 December 2024 20,034 4,399 105,645
At 30 December 2023 40,068 7,733 160,314

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 31 December 2023 15,750 104,173 551,832
Additions - 4,821 11,470
Disposals - - (1,300 )
At 30 December 2024 15,750 108,994 562,002
DEPRECIATION
At 31 December 2023 7,260 98,305 329,359
Charge for year 2,122 6,075 92,089
Eliminated on disposal - - (506 )
At 30 December 2024 9,382 104,380 420,942
NET BOOK VALUE
At 30 December 2024 6,368 4,614 141,060
At 30 December 2023 8,490 5,868 222,473

Ice Comms Holdings Ltd (Registered number: 12810611)

Notes to the Consolidated Financial Statements - continued
for the year ended 30 December 2024

13. FIXED ASSET INVESTMENTS

Company
Shares in
group
undertakings
£   
COST
At 31 December 2023
and 30 December 2024 1,640
NET BOOK VALUE
At 30 December 2024 1,640
At 30 December 2023 1,640


14. INVESTMENT PROPERTY

Group
Total
£   
FAIR VALUE
At 31 December 2023
and 30 December 2024 2,000,000
NET BOOK VALUE
At 30 December 2024 2,000,000
At 30 December 2023 2,000,000

Fair value at 30 December 2024 is represented by:
£   
Valuation in 2023 2,000,000

If investment property had not been revalued it would have been included at the following historical cost:

2024 2023
£    £   
Cost 950,137 950,137

Ice Comms Holdings Ltd (Registered number: 12810611)

Notes to the Consolidated Financial Statements - continued
for the year ended 30 December 2024

15. DEBTORS

Group
2024 2023
£    £   
Amounts falling due within one year:
Trade debtors 858,086 1,406,081
Other debtors 78,826 88,269
Tax 88,309 55,701
S455 tax recoverable - 68,378
Prepayments and accrued income 2,437,803 1,791,106
3,463,024 3,409,535

Amounts falling due after more than one year:
Directors' loan accounts 426,146 238,135
S455 tax recoverable 142,444 78,991
568,590 317,126

Aggregate amounts 4,031,614 3,726,661

16. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

Group Company
2024 2023 2024 2023
£    £    £    £   
Bank loans and overdrafts (see note 18) 65,443 62,975 - -
Other loans (see note 18) 87,361 26,091 - -
Trade creditors 338,391 307,690 - -
Customer rebates and buyouts 3,498,727 3,508,527 - -
Tax 63,453 364,124 - -
Social security and other taxes 105,721 162,763 - -
VAT 615,011 694,121 - -
Other creditors 352,824 299,247 100 100
Accruals and deferred income 215,037 350,685 - -
5,341,968 5,776,223 100 100

17. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR

Group
2024 2023
£    £   
Bank loans (see note 18) 380,283 445,726
Other loans (see note 18) 36,398 129,936
Customer rebates and buyouts 1,867,430 429,516
Rent deposits 13,500 13,500
2,297,611 1,018,678

Ice Comms Holdings Ltd (Registered number: 12810611)

Notes to the Consolidated Financial Statements - continued
for the year ended 30 December 2024

18. LOANS

An analysis of the maturity of loans is given below:

Group
2024 2023
£    £   
Amounts falling due within one year or on demand:
Bank loans 65,443 62,975
Other loans 87,361 26,091
152,804 89,066
Amounts falling due between one and two years:
Bank loans - 1-2 years 380,283 65,443
Other loans - 1-2 years 36,398 129,936
416,681 195,379
Amounts falling due between two and five years:
Bank loans - 2-5 years - 380,283

19. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Group
Non-cancellable
operating leases
2024 2023
£    £   
Within one year 157,250 201,750
Between one and five years 62,000 143,500
219,250 345,250

20. SECURED DEBTS

The following secured debts are included within creditors:

Group
2024 2023
£    £   
Bank loans 445,726 508,701

The loan is secured by a fixed and floating charge over the whole of the property and assets of the group.

Ice Comms Holdings Ltd (Registered number: 12810611)

Notes to the Consolidated Financial Statements - continued
for the year ended 30 December 2024

21. FINANCIAL INSTRUMENTS

The carrying amounts of the company's financial instruments are as follows;

Group
2024 2023
£ £
Financial assets that are debt instruments measured at amortised cost 2,547,773 2,214,780
Financial liabilities measured at amortised cost (7,674,022 ) (6,794,901 )

Company
2024 2023
£ £
Financial assets that are debt instruments measured at amortised cost - -
Financial liabilities measured at amortised cost (100 ) (100 )

22. PROVISIONS FOR LIABILITIES

Group
2024 2023
£    £   
Deferred tax 279,556 293,375

Other provisions 316,027 259,661

Aggregate amounts 595,583 553,036

Group
Deferred Commission
tax clawbacks
£    £   
Balance at 31 December 2023 293,375 259,661
Provided during year (13,819 ) 316,027
Utilised during year - (259,661 )
Balance at 30 December 2024 279,556 316,027

The deferred tax liability consists of:
2024 2023
£ £
Tax allowances in excess of depreciation 24,092 35,174
Other short term timing differences (7,001) (4,264 )
Charge on property revaluation 262,465 262,465
279,556 293,375
The clawback provision of £316,027 is made in accordance with the company's accounting policies disclosed in note 3.

Ice Comms Holdings Ltd (Registered number: 12810611)

Notes to the Consolidated Financial Statements - continued
for the year ended 30 December 2024

23. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
1,508 Ordinary £1 1,508 1,508
32 A Ordinary £1 32 32
1,540 1,540

Ordinary and A Ordinary shares have the same capital and voting rights. Dividends can be voted per class of share at the discretion of the directors.

24. RESERVES

Group
Retained Merger
earnings reserve Totals
£    £    £   

At 31 December 2023 (1,896,096 ) 1,172,304 (723,792 )
Profit for the year 499,428 499,428
At 30 December 2024 (1,396,668 ) 1,172,304 (224,364 )

Company
Retained
earnings
£   

Profit for the year -
At 30 December 2024 -


25. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 30 December 2024 and 30 December 2023:

2024 2023
£    £   
J A Taylor
Balance outstanding at start of year 183,743 110,379
Amounts advanced 71,708 73,364
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 255,451 183,743

Ice Comms Holdings Ltd (Registered number: 12810611)

Notes to the Consolidated Financial Statements - continued
for the year ended 30 December 2024

25. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES - continued

J S Ward
Balance outstanding at start of year 53,012 -
Amounts advanced 66,645 53,012
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 119,657 53,012

S W Bonell
Balance outstanding at start of year 1,380 -
Amounts advanced 49,658 1,380
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 51,038 1,380

Interest has been charged at 2.25% (2023: 2.25%).

26. RELATED PARTY DISCLOSURES

Transactions with related Parties
During the year the Group entered into the following transactions with related parties:
Development Costs
2024 2023
£ £
Purchases from other related parties 730,576 325,280

Other related parties are entities with common directorship and/or entities where the Company Directors exercise a significant control over the management of the related party entity.

All transactions are carried out at arm's length basis.

27. POST BALANCE SHEET EVENTS

Ice Property Developments Limited
The directors have indicated that as no other developments are ongoing or proposed, a proposal to apply to Companies House for a voluntary striking off has been submitted.

28. ULTIMATE CONTROLLING PARTY

The names of the ultimate controlling parties are Mr J S Ward, Mr S W Bonell and Mr J A Taylor.

29. NON-DISTRIBUTABLE RESERVES

Included within retained earnings is an amount of £1,049,863 which is not available for distribution.