REGISTERED NUMBER: 10308214 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST DECEMBER 2024

FOR

ICEX GROUP LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

I Harris

J Russell

REGISTERED OFFICE:

C/O CBHC Ltd, Steeple House, Suite 3,

First Floor

Church Lane

Chelmsford

Essex

CM1 1NH

REGISTERED NUMBER:

10308214 (England and Wales)

ACCOUNTANTS:

CBHC Limited

Suite 3, Steeple House

Church Lane

Chelmsford

Essex

CM1 1NH

FIXED ASSETS

Tangible assets

4

12,158

15,723

Investments

5

478,045

478,045

490,203

493,768

CURRENT ASSETS

Debtors

6

52,683

50,541

Cash at bank

1

44

52,684

50,585

CREDITORS

Amounts falling due within one year

7

(315,420

)

(325,680

)

NET CURRENT LIABILITIES

(262,736

)

(275,095

)

TOTAL ASSETS LESS CURRENT LIABILITIES

227,467

218,673

CREDITORS

Amounts falling due after more than one year

8

(10,222

)

(54,519

)

PROVISIONS FOR LIABILITIES

(3,040

)

(2,987

)

NET ASSETS

214,205

161,167

CAPITAL AND RESERVES

Called up share capital

9

100

100

Retained earnings

214,105

161,067

SHAREHOLDERS' FUNDS

214,205

161,167

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st 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.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 18th September 2025 and were signed on its behalf by:

J Russell - Director

1.	STATUTORY INFORMATION

ICEX 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.

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.

Preparation of consolidated financial statements

The financial statements contain information about ICEX Group Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Turnover

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

Tangible fixed assets

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

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at 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.

3.	EMPLOYEES AND DIRECTORS

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

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1st January 2024

and 31st December 2024

17,800

DEPRECIATION

At 1st January 2024

2,077

Charge for year

3,565

At 31st December 2024

5,642

NET BOOK VALUE

At 31st December 2024

12,158

At 31st December 2023

15,723

5.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

At 1st January 2024

and 31st December 2024

478,045

NET BOOK VALUE

At 31st December 2024

478,045

At 31st December 2023

478,045

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

15,200

23,676

Amounts owed by group undertakings

15,603

-

Other debtors

21,880

26,865

52,683

50,541

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade creditors

22,320

19,728

Amounts owed to group undertakings

117,279

145,039

Taxation and social security

53,297

5,590

Other creditors

122,524

155,323

315,420

325,680

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024

2023

£

£

Other creditors

10,222

54,519

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2024

2023

value:

£

£

100

Ordinary

£1

100

100

10.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

At the balance sheet date the company owed the following balance to directors, £81,636 (2023: £114,436).

11.	RELATED PARTY DISCLOSURES

At the balance sheet date the company was owed, £15,603 (2023: £11,745 owed to) from ICEX Limited, owed £115,101 (2023: £131,275) to ICEX Computers Limited, and owed £2,178 (2023: £2,019) to Recycling your IT Limited. All companies are within the group.

Also, included in Trade Debtors £15,200 was owed from ICEX Computers Limited.

During the year the company charged £36,000 (2023: £36,000) for Management fees to ICEX Computers Ltd, one of the subsidiaries of ICEX Group Ltd and £55,200 (2023: £55,200) for Management fees to ICEX Ltd which is also a subsidiary of the ICEX Group Ltd.