Company Registration No. 08396231 (England and Wales)
International Compliance Solutions Limited
Unaudited accounts
for the year ended 28 February 2025
International Compliance Solutions Limited
Unaudited accounts
Contents
International Compliance Solutions Limited
Company Information
for the year ended 28 February 2025
Director
Alejandro Enrique Bustos Baez
Company Number
08396231 (England and Wales)
Registered Office
Congress House
Lyon Road
Harrow
Middlesex
HA1 2EN
Accountants
'Evolve Accounting and Tax Solutions Ltd'
Congress House
14 Lyon Road
Harrow
Middlesex
HA1 2EN
International Compliance Solutions Limited
Statement of financial position
as at 28 February 2025
Tangible assets
46,524
58,952
Cash at bank and in hand
109,655
517,930
Creditors: amounts falling due within one year
(85,157)
(518,750)
Net current assets
165,069
49,091
Total assets less current liabilities
211,593
108,043
Creditors: amounts falling due after more than one year
(54,646)
(71,612)
Called up share capital
1,000
1,000
Profit and loss account
155,947
35,431
Shareholders' funds
156,947
36,431
For the year ending 28 February 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 5 October 2025 and were signed on its behalf by
Alejandro Enrique Bustos Baez
Director
Company Registration No. 08396231
International Compliance Solutions Limited
Notes to the Accounts
for the year ended 28 February 2025
International Compliance Solutions Limited is a private company, limited by shares, registered in England and Wales, registration number 08396231. The registered office is Congress House, Lyon Road, Harrow, Middlesex, HA1 2EN.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% reducing balance
Motor vehicles
25% reducing balance
Computer equipment
25% reducing balance
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Cash and cash equivalents
Cash and cash equivalents are represented by cash in hand, deposits held at call with financial institutions, and other short term highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.
International Compliance Solutions Limited
Notes to the Accounts
for the year ended 28 February 2025
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
The tax expense for the year comprises current and deferred tax.
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.
A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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.
Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership. All other leases are classified as operating leases. The rights of use and obligations under finance leases are initially recognised as assets and liabilities at amounts equal to the fair value of the leased assets or, if lower, the present value of the minimum lease payments. Minimum lease payments are apportioned between the finance charge and the reduction in the outstanding liability using the effective interest rate method. The finance charge is allocated to each period during the lease so as to produce a constant periodic rate of interest on the remaining balance of the liability. Leased assets are depreciated in accordance with the company's policy for tangible fixed assets. If there is no reasonable certainty that ownership will be obtained at the end of the lease term, the asset is depreciated over the lower of the lease term and its useful life.
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
International Compliance Solutions Limited
Notes to the Accounts
for the year ended 28 February 2025
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 March 2024
14,036
75,528
516
90,080
Additions
165
-
2,918
3,083
At 28 February 2025
14,201
75,528
3,434
93,163
At 1 March 2024
12,020
18,882
226
31,128
Charge for the year
546
14,162
803
15,511
At 28 February 2025
12,566
33,044
1,029
46,639
At 28 February 2025
1,635
42,484
2,405
46,524
At 29 February 2024
2,016
56,646
290
58,952
Amounts falling due within one year
Trade debtors
21,761
38,206
Other debtors
118,810
11,705
6
Creditors: amounts falling due within one year
2025
2024
Obligations under finance leases and hire purchase contracts
16,967
16,967
Amounts owed to group undertakings and other participating interests
9,780
482,581
Taxes and social security
44,496
10,154
Loans from directors
-
3,865
7
Creditors: amounts falling due after more than one year
2025
2024
Obligations under finance leases and hire purchase contracts
54,646
71,612
8
Transactions with related parties
Included in other debtors at 28 February 2025 is a balance of £111,007 owed by the directors' to the company (2024: credit balance of £3,568) . This balance has been cleared after the year end.
The Company is a 100% subsidiary of Compliance Solutions Holdings Limited whose registered office is Congress House, Suite 6, Floor 2, 14 Lyon Road, Harrow, England, HA1 2EN.
Compliance Solutions Holdings Limited is controlled by Mrs Sally Bustos.
International Compliance Solutions Limited
Notes to the Accounts
for the year ended 28 February 2025
10
Average number of employees
During the year the average number of employees was 2 (2024: 2).