REGISTERED NUMBER: 11735922 (England and Wales)

INSULATED CONSTRUCTION GROUP LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

Page

Company Information

1

Income Statement

2

Statement of Financial Position

3

Statement of Changes in Equity

4

Notes to the Financial Statements

5

to

6

DIRECTORS:

M Lippiatt

Mrs D L Nunn

REGISTERED OFFICE:

S And W House

Longhill Road

March

Cambs

PE15 0BL

REGISTERED NUMBER:

11735922 (England and Wales)

ACCOUNTANTS:

Duncan & Toplis Limited

4 Henley Way

Doddington Road

Lincoln

Lincolnshire

LN6 3QR

TURNOVER

3,200,786

3,436,555

Cost of sales

2,677,093

2,494,518

GROSS PROFIT

523,693

942,037

Administrative expenses

115,319

100,842

408,374

841,195

Other operating income

-

2,541

OPERATING PROFIT and

PROFIT BEFORE TAXATION

408,374

843,736

Tax on profit

104,001

200,055

PROFIT FOR THE FINANCIAL YEAR

304,373

643,681

FIXED ASSETS

Tangible assets

4

64,466

56,602

CURRENT ASSETS

Debtors

5

458,142

432,166

Cash at bank

166,672

437,193

624,814

869,359

CREDITORS

Amounts falling due within one year

6

165,089

456,143

NET CURRENT ASSETS

459,725

413,216

TOTAL ASSETS LESS CURRENT LIABILITIES

524,191

469,818

CAPITAL AND RESERVES

Called up share capital

7

100

100

Retained earnings

524,091

469,718

SHAREHOLDERS' FUNDS

524,191

469,818

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its 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.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved and authorised for issue by the Board of Directors and authorised for issue on 10 September 2025 and were signed on its behalf by:

Mrs D L Nunn - Director

Called up

share

Retained

Total

capital

earnings

equity

£

£

£

Balance at 1 January 2023

100

426,037

426,137

Changes in equity

Profit for the year

-

643,681

643,681

Total comprehensive income

-

643,681

643,681

Dividends

-

(600,000

)

(600,000

)

Balance at 31 December 2023

100

469,718

469,818

Changes in equity

Profit for the year

-

304,373

304,373

Total comprehensive income

-

304,373

304,373

Dividends

-

(250,000

)

(250,000

)

Balance at 31 December 2024

100

524,091

524,191

1.	STATUTORY INFORMATION

Insulated Construction Group 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.

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

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable net of VAT and trade discounts. The policies adopted for the recognition of turnover are as follows:

Construction contracts

When the outcome of a construction contract can be estimated reliably, contract costs and turnover are recognised by reference to the stage of completion at the balance sheet date.

Where the outcome cannot be measured reliably, contract costs are recognised as an expense in the period in which they are incurred and contract turnover is recognised to the extent of costs incurred that it is probable will be recoverable.

When it is probable that contract costs will exceed the total contract turnover, the expected loss is recognised as an expense immediately, with a corresponding provision

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

33% on cost and 25% on reducing balance

Tangible fixed assets are held at cost less depreciation.

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 statement of financial position date.

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 the income statement on a straight line basis over the period of the lease.

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 the income statement in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2023 - 3 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 January 2024

89,383

Additions

55,499

Disposals

(45,900

)

At 31 December 2024

98,982

DEPRECIATION

At 1 January 2024

32,781

Charge for year

21,816

Eliminated on disposal

(20,081

)

At 31 December 2024

34,516

NET BOOK VALUE

At 31 December 2024

64,466

At 31 December 2023

56,602

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Trade debtors

403,654

367,591

Amounts owed by group undertakings

100

100

Amounts recoverable on contract

18,076

12,889

Other debtors

36,312

51,586

458,142

432,166

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Trade creditors

108,762

190,735

Taxation and social security

45,808

239,577

Other creditors

10,519

25,831

165,089

456,143

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.24

31.12.23

value:

£

£

100

Ordinary

1

100

100