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Registered number: 04604159
Icenta Controls Limited
Unaudited Financial Statements
For The Year Ended 31 December 2024
Hub Accountants Limited
Chartered Accountants
6A Fridays Court
3-5 High Street
Ringwood
Hampshire
BH24 1AB
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—7
Page 1
Balance Sheet
Registered number: 04604159
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 5 672,013 695,730
672,013 695,730
CURRENT ASSETS
Stocks 6 134,434 130,385
Debtors 7 218,040 200,704
Cash at bank and in hand 170,529 200,838
523,003 531,927
Creditors: Amounts Falling Due Within One Year 8 (285,153 ) (247,006 )
NET CURRENT ASSETS (LIABILITIES) 237,850 284,921
TOTAL ASSETS LESS CURRENT LIABILITIES 909,863 980,651
Creditors: Amounts Falling Due After More Than One Year 9 (71,309 ) (88,767 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (73,939 ) (78,438 )
NET ASSETS 764,615 813,446
CAPITAL AND RESERVES
Called up share capital 11 2 2
Fair value reserve 14 295,102 323,102
Profit and Loss Account 469,511 490,342
SHAREHOLDERS' FUNDS 764,615 813,446
Page 1
Page 2
For the year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Paul Gentle
Director
26th September 2025
The notes on pages 3 to 7 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Icenta Controls Limited is a private company, limited by shares, incorporated in England & Wales, registered number 04604159 . The registered office is Unit 3 The Woodford Centre, Lysander Way, Old Sarum Park, SP4 6BU.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Intangible Fixed Assets and Amortisation - Intellectual Property
Intellectual property assets are patents held by the company. It is amortised to the profit and loss account over its estimated economic life of 7 years.
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Freehold 2% straight line on buildings only
Plant & Machinery 20% straight line
Motor Vehicles 25% straight line
Fixtures & Fittings 25% straight line
2.5. Leasing and Hire Purchase Contracts
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account as incurred.
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2.6. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
2.7. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
2.8. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 10 (2023: 10)
10 10
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4. Intangible Assets
Intellectual Property
£
Cost
As at 1 January 2024 73,157
As at 31 December 2024 73,157
Amortisation
As at 1 January 2024 73,157
As at 31 December 2024 73,157
Net Book Value
As at 31 December 2024 -
As at 1 January 2024 -
5. Tangible Assets
Land & Property
Freehold Plant & Machinery Motor Vehicles Fixtures & Fittings Total
£ £ £ £ £
Cost or Valuation
As at 1 January 2024 550,000 197,095 13,380 24,326 784,801
Additions - 6,014 - 1,408 7,422
As at 31 December 2024 550,000 203,109 13,380 25,734 792,223
Depreciation
As at 1 January 2024 - 56,382 13,380 19,309 89,071
Provided during the period - 29,424 - 1,715 31,139
As at 31 December 2024 - 85,806 13,380 21,024 120,210
Net Book Value
As at 31 December 2024 550,000 117,303 - 4,710 672,013
As at 1 January 2024 550,000 140,713 - 5,017 695,730
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Cost or valuation as at 31 December 2024 represented by:
Land & Property
Freehold Plant & Machinery Motor Vehicles Fixtures & Fittings Total
£ £ £ £ £
At cost 550,000 203,109 13,380 25,734 792,223
550,000 203,109 13,380 25,734 792,223
6. Stocks
2024 2023
£ £
Materials 134,434 130,385
7. Debtors
2024 2023
£ £
Due within one year
Trade debtors 120,036 122,048
Prepayments and accrued income 8,852 8,039
Other debtors 15,183 14,433
Corporation tax recoverable assets 25,312 11,493
Deferred tax current asset 16,727 12,421
Director's loan account 31,930 32,270
218,040 200,704
8. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 146,582 125,865
Bank loans and overdrafts 17,546 16,771
Corporation tax 349 86
Other taxes and social security 9,167 9,693
VAT 21,168 30,978
Other creditors 86,442 58,906
Accruals and deferred income 3,899 4,707
285,153 247,006
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9. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 71,309 88,767
11. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 2 2
12. Other Commitments
The total of future minimum lease payments under non-cancellable operating leases are as following:
2024 2023
£ £
Not later than one year 7,909 10,270
Later than one year and not later than five years - 7,909
7,909 18,179
13. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 January 2024 Amounts advanced Amounts repaid Amounts written off As at 31 December 2024
£ £ £ £ £
Mr Paul Gentle 32,269 160 500 - 31,929
The above loan is unsecured and repayable on demand.
14. Reserves
Fair Value Reserve
£
As at 1 January 2024 323,102
Movements in fair value reserve (28,000)
As at 31 December 2024 295,102
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