REGISTERED NUMBER: 01826522 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 January 2025

for

Icenorth Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

Mr S C Wagstaff

REGISTERED OFFICE:

554 Newark Road

North Hykeham

Lincoln

Lincolnshire

LN6 9NG

REGISTERED NUMBER:

01826522 (England and Wales)

ACCOUNTANTS:

Hawson Jefferies

Suite 4

164-170 Queens Road

Sheffield

South Yorkshire

S2 4DH

FIXED ASSETS

Tangible assets

4

22,960

35,914

CURRENT ASSETS

Stocks

200

5,000

Debtors

5

49,723

50,705

Cash at bank

54,983

42,652

104,906

98,357

CREDITORS

Amounts falling due within one year

6

79,317

69,796

NET CURRENT ASSETS

25,589

28,561

TOTAL ASSETS LESS CURRENT LIABILITIES

48,549

64,475

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

48,449

64,375

SHAREHOLDERS' FUNDS

48,549

64,475

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director and authorised for issue on 31 October 2025 and were signed by:

Mr S C Wagstaff - Director

1.	STATUTORY INFORMATION

Icenorth 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.

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.

Plant and machinery

-

15% on reducing balance

Motor vehicles

-

25% on reducing balance

Office Equipment

-

15% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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 profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2024 - 3 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Motor

Office

machinery

vehicles

Equipment

Totals

£

£

£

£

COST

At 1 February 2024

15,618

189,605

16,470

221,693

Disposals

-

(74,250

)

-

(74,250

)

At 31 January 2025

15,618

115,355

16,470

147,443

DEPRECIATION

At 1 February 2024

12,065

161,771

11,943

185,779

Charge for year

535

5,365

679

6,579

Eliminated on disposal

-

(67,875

)

-

(67,875

)

At 31 January 2025

12,600

99,261

12,622

124,483

NET BOOK VALUE

At 31 January 2025

3,018

16,094

3,848

22,960

At 31 January 2024

3,553

27,834

4,527

35,914

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.1.25

31.1.24

£

£

Trade debtors

29,723

50,705

Intercompany

20,000

-

49,723

50,705

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.1.25

31.1.24

£

£

Trade Creditors

35,556

18,076

Corporation tax

107

107

Social security and other taxes

192

96

Wages

867

889

VAT

6,068

14,209

Other creditors

16

19

Directors' current accounts

33,761

33,450

Accrued expenses

2,750

2,950

79,317

69,796

7.	SECURED DEBTS

The banking facilities are secured by a fixed and floating charge dated 31st July 1990 in favour of HSBC Bank plc.

8.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mr S C Wagstaff.