Company Registration No. 5038722 (England and Wales)
I-Contracts Ltd
Unaudited accounts
for the year ended 31 March 2025
Chartered Certified Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of
I-Contracts Ltd
for the year ended 31 March 2025
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of
I-Contracts Ltd for the year ended
31 March 2025 as set out on pages
3 -
5 from the Company's accounting records and from information and explanations you have given us.
As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at https://www.accaglobal.com/uk/en/about-us/regulation/rulebook.html
This report is made solely to the Board of Directors of I-Contracts Ltd, as a body, in accordance with the terms of our engagement letter dated 17 June 2023. Our work has been undertaken solely to prepare for your approval the accounts of I-Contracts Ltd and state those matters that we have agreed to state to the Board of Directors of I-Contracts Ltd, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/technical-factsheet-163.pdf. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than I-Contracts Ltd and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that I-Contracts Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of I-Contracts Ltd. You consider that I-Contracts Ltd is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of I-Contracts Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
Lewis Associates
Chartered Certified Accountants
75 Coniston Gardens
London
NW9 0BA
26 November 2025
I-Contracts Ltd
Statement of financial position
as at 31 March 2025
Cash at bank and in hand
382,444
505,065
Creditors: amounts falling due within one year
(827,721)
(1,307,264)
Net current assets
79,786
61,026
Called up share capital
100
100
Profit and loss account
79,686
60,926
Shareholders' funds
79,786
61,026
For the year ending 31 March 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 directors acknowledge their 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 of Directors and authorised for issue on 26 November 2025 and were signed on its behalf by
P. Austin
Director
Company Registration No. 5038722
I-Contracts Ltd
Notes to the Accounts
for the year ended 31 March 2025
I-Contracts Ltd is a private company, limited by shares, registered in England and Wales, registration number 5038722. The registered office is 6 London Street, New London House, London, EC3R 7LP.
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.
These financial statements for the year ended 31 March 2025 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 1 April 2023.
The transition to FRS 102 Section 1A Small Entities has resulted in a small number of changes in accounting policies to those used previously.
The nature of these changes and their impact on opening equity and profit for the comparative period are explained in the notes below.
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.
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% straight line
4
Tangible fixed assets
Plant & machinery
I-Contracts Ltd
Notes to the Accounts
for the year ended 31 March 2025
Amounts falling due within one year
Trade debtors
389,970
573,697
Accrued income and prepayments
135,093
289,528
6
Creditors: amounts falling due within one year
2025
2024
Trade creditors
382,626
940,724
Taxes and social security
298,950
366,540
7
Average number of employees
During the year the average number of employees was 5 (2024: 5).