ICD (UK) Limited - Filleted accounts

Registered number

02874323

ICD (UK) Limited

Filleted Accounts

31 March 2025

Adams Root Ltd t/a Adams Root & Associates

Chartered Certified Accountants

Bristol

ICD (UK) Limited
Registered number:		02874323
Balance Sheet
as at 31 March 2025

Notes			2025			2024
£				£
Fixed assets
Tangible assets	3		2,198			2,344
Investments	4		52,250			52,250
			54,448			54,594

Current assets
Debtors	5	4,731			14,300
Cash at bank and in hand		31,108			34,842
		35,839			49,142

Creditors: amounts falling due within one year	6	(52,172)			(64,052)

Net current liabilities			(16,333)			(14,910)

Net assets			38,115			39,684

Capital and reserves
Called up share capital			2			2
Profit and loss account			38,113			39,682

Shareholders' funds			38,115			39,684


The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.




Mr J R W Hardy
Director
Approved by the board on 23 December 2025

ICD (UK) Limited
Notes to the Accounts
for the year ended 31 March 2025


1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard). The accounts are stated in sterling the functional currency of the entity.

	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 from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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
	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

	Fixtures, fittings, tools and equipment	33.33%

	Investments
	Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. 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.

	Provisions
	Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.

	Pensions
	Contributions to defined contribution plans are expensed in the period to which they relate.


2	Employees		2025		2024
Number				Number

	Average number of persons employed by the company		2		2


3	Tangible fixed assets
					Fixtures and fittings
£
	Cost
	At 1 April 2024				17,739
	At 31 March 2025				17,739

	Depreciation
	At 1 April 2024				15,395
	Charge for the year				146
	At 31 March 2025				15,541

	Net book value
	At 31 March 2025				2,198
	At 31 March 2024				2,344


4	Investments

Other
investments
£
	Cost
	At 1 April 2024				52,250

	At 31 March 2025				52,250


5	Debtors		2025		2024
£				£

	Trade debtors		4,731		14,300


6	Creditors: amounts falling due within one year		2025		2024
£				£

	Taxation and social security costs		38,837		19,983
	Other creditors		13,335		44,069
			52,172		64,052


7	Other information

	ICD (UK) Limited is a private company limited by shares and incorporated in England. Its registered office is:
	20 Durdham Park
	Bristol
	BS6 3BH