ICF Central Limited

(Registration number: 11625583)
Balance Sheet as at 31 March 2025

	Note	2025 £	2024 £
Fixed assets
Tangible assets	4	70,533	90,289
Current assets
Stocks	5	25,000	42,000
Debtors	6	33,196	27,065
Cash at bank and in hand		252	5,732
		58,448	74,797
Creditors: Amounts falling due within one year	7	(131,664)	(94,389)
Net current liabilities		(73,216)	(19,592)
Total assets less current liabilities		(2,683)	70,697
Creditors: Amounts falling due after more than one year	7	(53,757)	(41,510)
Provisions for liabilities		-	(5,171)
Net (liabilities)/assets		(56,440)	24,016
Capital and reserves
Called up share capital	8	4	4
Retained earnings		(56,444)	24,012
Shareholders' (deficit)/funds		(56,440)	24,016

For the financial 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.

Directors' responsibilities:

ICF Central Limited

(Registration number: 11625583)
Balance Sheet as at 31 March 2025
(continued)

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 23 December 2025 and signed on its behalf by:

.........................................
Mr D J James
Director

ICF Central Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

1	General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Unit 6 Bromsberrow Heath Business Park
Bromsberrow Heath
Ledbury
Herefordshire
HR8 1PG

These financial statements were authorised for issue by the Board on 23 December 2025.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

ICF Central Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025
(continued)

2	Accounting policies (continued)

Going concern

The financial statements show a deficit on net assets. This has arisen from losses incurred during this trading period. The shareholders have indicated that they will continue to provide financial support to the company to enable it to continue trading for the foreseeable future. The shareholders also have plans to return the company to a profitable position in the next few years. On this basis, the directors consider it appropriate to prepare the financial statements on the going concern basis. The financial statements do not include any adjustments that would result from the going concern basis being no longer appropriate.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when 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.

ICF Central Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025
(continued)

2	Accounting policies (continued)

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Motor vehicles	25% of written down value per annum
Plant and machinery	15% of cost per annum
Computer equipment	33% of cost per annum

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

ICF Central Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025
(continued)

2	Accounting policies (continued)

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

ICF Central Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025
(continued)

2	Accounting policies (continued)

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessee.

Assets held under finance leases are recognised at the lower of their fair value at inception of the lease and the present value of the minimum lease payments. These assets are depreciated on a straight-line basis over the shorter of the useful life of the asset and the lease term. The corresponding liability to the lessor is included in the balance sheet as a finance lease obligation.

Lease payments are apportioned between finance costs in the profit and loss account and reduction of the lease obligation so as to achieve a constant periodic rate of interest on the remaining balance of the liability.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2024 - 3).

ICF Central Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025
(continued)

4	Tangible assets

Furniture, fittings and equipment
£

Motor vehicles
£

Total
£

Cost or valuation

At 1 April 2024

94,062

45,985

140,047

Additions

1,324

-

1,324

At 31 March 2025

95,386

45,985

141,371

Depreciation

At 1 April 2024

28,640

21,118

49,758

Charge for the year

14,862

6,218

21,080

At 31 March 2025

43,502

27,336

70,838

Carrying amount

At 31 March 2025

51,884

18,649

70,533

At 31 March 2024

65,422

24,867

90,289

ICF Central Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025
(continued)

5

stocks

	2025 £	2024 £
Other inventories	25,000	42,000

6

Debtors

	2025 £	2024 £
Trade debtors	292	16,692
Prepayments	12,394	7,353
Other debtors	20,510	3,020
	33,196	27,065

ICF Central Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025
(continued)

7

Creditors

Creditors: amounts falling due within one year

	Note	2025 £	2024 £
Due within one year
Loans and borrowings	9	82,324	41,704
Trade creditors		5,665	12,541
Taxation and social security		-	50
Accruals and deferred income		1,763	1,682
Other creditors		41,912	38,412
		131,664	94,389

Creditors include net obligations under finance lease and hire purchase contracts which are secured of £10,634 (2024 - £11,174).

The bank overdraft of £28,928 is secured by personal guarantees from the directors.

Creditors: amounts falling due after more than one year

	Note	2025 £	2024 £
Due after one year
Loans and borrowings	9	53,757	41,510

Creditors include net obligations under finance lease and hire purchase contracts which are secured of £23,339 (2024 - £33,973).

ICF Central Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025
(continued)

8	Share capital

Allotted, called up and fully paid shares

	2025		2024
	No.	£	No.	£
Ordinary of £1 each	4	4	4	4

9	Loans and borrowings

Non-current loans and borrowings

	2025 £	2024 £

Bank borrowings	30,418	7,537
Hire purchase contracts	23,339	33,973
	53,757	41,510

Current loans and borrowings

	2025 £	2024 £

Bank borrowings	42,761	4,260
Bank overdrafts	28,928	26,270
Hire purchase contracts	10,635	11,174
	82,324	41,704

ICF Central Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025
(continued)

10	Financial commitments, guarantees and contingencies

Amounts not provided for in the balance sheet

The total amount of financial commitments not included in the balance sheet is £15,137 (2024 - £24,754).

11	Related party transactions

Loans to related parties

2025	Key management £	Total £
At start of period	(1,052)	(1,052)
Advanced	57,333	57,333
Repaid	(35,771)	(35,771)
At end of period	20,510	20,510

2024	Key management £	Total £
At start of period	(9,715)	(9,715)
Advanced	66,733	66,733
Repaid	(58,070)	(58,070)
At end of period	(1,052)	(1,052)

Terms of loans to related parties

The loan is interest free, unsecured and repayable on demand.

Company Information	1
Balance Sheet	2 to 3
Notes to the Unaudited Financial Statements	4 to 13

	Furniture, fittings and equipment £	Motor vehicles £	Total £
Cost or valuation
At 1 April 2024	94,062	45,985	140,047
Additions	1,324	-	1,324
At 31 March 2025	95,386	45,985	141,371
Depreciation
At 1 April 2024	28,640	21,118	49,758
Charge for the year	14,862	6,218	21,080
At 31 March 2025	43,502	27,336	70,838
Carrying amount
At 31 March 2025	51,884	18,649	70,533
At 31 March 2024	65,422	24,867	90,289