ICOSE LIMITED


Director	VALACHIS, Alexis


Registered Address	Initial Business Centre
	Wilson Business Park
	Manchester
	M40 8WN


Registered Number	06814766 (England and Wales)

Balance Sheet as at
31 March 2025

	Notes	2025		2024
		£	£	£	£
Fixed assets
Tangible assets	3		2,340		1,479
			2,340		1,479
Current assets
Debtors	4	48,279		55,739
Cash at bank and on hand		24,463		26,110
		72,742		81,849
Creditors amounts falling due within one year	5	(56,523)		(67,303)
Net current assets (liabilities)			16,219		14,546
Total assets less current liabilities			18,559		16,025
Provisions for liabilities	6		(445)		(281)
Net assets			18,114		15,744
Capital and reserves
Called up share capital			100		100
Profit and loss account			18,014		15,644
Shareholders' funds			18,114		15,744

The company was entitled to exemption from audit for this reporting period 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 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 in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have chosen to not file a copy of the company’s profit and loss account under section 444 (5A) Companies Act 2006.

The financial statements were approved and authorised for issue by the Director on 22 December 2025, and are signed on its behalf by:

VALACHIS, Alexis
Director
Registered Company No. 06814766

ICOSE LIMITED

Notes to the Financial Statements
for the year ended 31 March 2025

1.	Accounting policies

	Statutory information
	The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

	Statement of compliance
	The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.

	Revenue from rendering of services
	Revenue 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.

	Foreign currency translation
	Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

Foreign currency translation

Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

	Deferred tax
	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.

Deferred tax

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.

	Tangible fixed assets and depreciation
	Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:


		Reducing balance (%)
	Fixtures and fittings	25

2.	Average number of employees


		2025		2024
	Average number of employees during the year	1		1

3.	Tangible fixed assets

	Fixtures & fittings	Office Equipment	Total
	£	£	£
Cost or valuation
At 01 April 24	700	1,729	2,429
Additions	1,188	315	1,503
Disposals	(250)	-	(250)
At 31 March 25	1,638	2,044	3,682
Depreciation and impairment
At 01 April 24	219	731	950
Charge for year	102	368	470
On disposals	(78)	-	(78)
At 31 March 25	243	1,099	1,342
Net book value
At 31 March 25	1,395	945	2,340
At 31 March 24	481	998	1,479

4.	Debtors: amounts due within one year

	2025	2024
	£	£
Trade debtors / trade receivables	21,392	4,246
Other debtors	811	813
Prepayments and accrued income	26,076	50,680
Total	48,279	55,739

5.	Creditors: amounts due within one year

	2025	2024
	£	£
Trade creditors / trade payables	3,853	4,849
Taxation and social security	5,518	8,658
Other creditors	22,369	33,332
Accrued liabilities and deferred income	24,783	20,464
Total	56,523	67,303


	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.

6.	Provisions for liabilities

	2025	2024
	£	£
Net deferred tax liability (asset)	445	281
Total	445	281