I.C.E.E. Managed Services Limited 04554727 false 2024-10-01 2025-09-30 2025-09-30 The principal activity of the company is electrical contractors and engineering and fabrication services Digita Accounts Production Advanced 6.30.9574.0 true false 04554727 2024-10-01 2025-09-30 04554727 2025-09-30 04554727 bus:OrdinaryShareClass1 2025-09-30 04554727 core:RetainedEarningsAccumulatedLosses 2025-09-30 04554727 core:ShareCapital 2025-09-30 04554727 core:CurrentFinancialInstruments 2025-09-30 04554727 core:CurrentFinancialInstruments core:WithinOneYear 2025-09-30 04554727 core:Goodwill 2025-09-30 04554727 core:FurnitureFittingsToolsEquipment 2025-09-30 04554727 core:LandBuildings 2025-09-30 04554727 core:MotorVehicles 2025-09-30 04554727 bus:SmallEntities 2024-10-01 2025-09-30 04554727 bus:AuditExemptWithAccountantsReport 2024-10-01 2025-09-30 04554727 bus:FilletedAccounts 2024-10-01 2025-09-30 04554727 bus:SmallCompaniesRegimeForAccounts 2024-10-01 2025-09-30 04554727 bus:RegisteredOffice 2024-10-01 2025-09-30 04554727 bus:CompanySecretary1 2024-10-01 2025-09-30 04554727 bus:Director2 2024-10-01 2025-09-30 04554727 bus:OrdinaryShareClass1 2024-10-01 2025-09-30 04554727 bus:PrivateLimitedCompanyLtd 2024-10-01 2025-09-30 04554727 bus:Agent1 2024-10-01 2025-09-30 04554727 core:Goodwill 2024-10-01 2025-09-30 04554727 core:FurnitureFittingsToolsEquipment 2024-10-01 2025-09-30 04554727 core:LandBuildings 2024-10-01 2025-09-30 04554727 core:MotorVehicles 2024-10-01 2025-09-30 04554727 core:PlantMachinery 2024-10-01 2025-09-30 04554727 core:Vehicles 2024-10-01 2025-09-30 04554727 1 2024-10-01 2025-09-30 04554727 countries:England 2024-10-01 2025-09-30 04554727 2024-09-30 04554727 core:Goodwill 2024-09-30 04554727 core:FurnitureFittingsToolsEquipment 2024-09-30 04554727 core:LandBuildings 2024-09-30 04554727 core:MotorVehicles 2024-09-30 04554727 2023-10-01 2024-09-30 04554727 2024-09-30 04554727 bus:OrdinaryShareClass1 2024-09-30 04554727 core:RetainedEarningsAccumulatedLosses 2024-09-30 04554727 core:ShareCapital 2024-09-30 04554727 core:CurrentFinancialInstruments 2024-09-30 04554727 core:CurrentFinancialInstruments core:WithinOneYear 2024-09-30 04554727 core:FurnitureFittingsToolsEquipment 2024-09-30 04554727 core:LandBuildings 2024-09-30 04554727 core:MotorVehicles 2024-09-30 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 04554727

I.C.E.E. Managed Services Limited
Unaudited Filleted Financial Statements
for the Year Ended 30 September 2025

I.C.E.E. Managed Services Limited

Contents

Company Information | 1
Balance Sheet | 2 to 3
Notes to the Unaudited Financial Statements | 4 to 10

I.C.E.E. Managed Services Limited

Company Information

Director | P F Harris

Company secretary | D M Harris

Registered office | 28 Warfield Avenue Waterlooville Hampshire PO7 7JN

Accountants | MMO Limited Chartered AccountantsWellesley House 204 London Road Waterlooville Hampshire PO7 7AN

I.C.E.E. Managed Services Limited

(Registration number: 04554727)
Balance Sheet as at 30 September 2025

| Note | 2025 £ | 2024 £
Fixed assets |  |  |
Tangible assets | 5 | 31,611 | 28,672
Current assets |  |  |
Stocks | 6 | 228,090 | 227,967
Debtors | 7 | 2,372,200 | 2,068,637
Cash at bank and in hand |  | 543,037 | 368,272
|  | 3,143,327 | 2,664,876
Creditors: Amounts falling due within one year | 8 | (1,881,072) | (1,432,396)
Net current assets |  | 1,262,255 | 1,232,480
Total assets less current liabilities |  | 1,293,866 | 1,261,152
Provisions for liabilities |  | (3,228) | (2,059)
Net assets |  | 1,290,638 | 1,259,093
Capital and reserves |  |  |
Called up share capital | 9 | 100 | 100
Retained earnings |  | 1,290,538 | 1,258,993
Shareholders' funds |  | 1,290,638 | 1,259,093

For the financial year ending 30 September 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

• | 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 director acknowledges his 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 director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 24 March 2026

I.C.E.E. Managed Services Limited

(Registration number: 04554727)
Balance Sheet as at 30 September 2025

......................................... P F Harris Director

I.C.E.E. Managed Services Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2025

1 | General information

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

The address of its registered office is:
28 Warfield Avenue
Waterlooville
Hampshire
PO7 7JN
England

These financial statements were authorised for issue by the director on 24 March 2026.

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.

All figures are presented in British Sterling, which is the functional currency of the company, and are rounded to the nearest £1.

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.

I.C.E.E. Managed Services Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2025

Foreign currency transactions and balances

Transactions in foreign currencies are initially recorded at the functional currency rate prevailing at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated into the respective functional currency of the entity at the rates prevailing on the reporting period date. Non-monetary items carried at fair value that are denominated in foreign currencies are retranslated at the rate on the date when the fair value is re-measured.
Non-monetary items measured in terms of historical cost in a foreign currency are not retranslated.

Tax

The tax expense for the period comprises current and 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.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable 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.

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
Land and buildings | 5 years straight line
Plant & machinery | 5 years straight line
Fixtures and fittings | 2-5 years straight line
Motor vehicles | 5 years straight line

I.C.E.E. Managed Services Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2025

Goodwill

Goodwill arising on the acquisition of an entity represents the excess of the cost of acquisition over the company’s interest in the net fair value of the identifiable assets, liabilities and contingent liabilities of the entity recognised at the date of acquisition. Goodwill is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is held in the currency of the acquired entity and revalued to the closing rate at each reporting period date. Goodwill is amortised over its useful life, which shall not exceed ten years if a reliable estimate of the useful life cannot be made.

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class | Amortisation method and rate
Goodwill | 1 year straight line

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.

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.

I.C.E.E. Managed Services Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2025

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.

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.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.
Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

Defined benefit pension obligation

Typically defined benefit plans define an amount of pension benefit that an employee will receive on retirement, usually dependent on one or more factors such as age, years of service and compensation.
The liability recognised in the balance sheet in respect of defined benefit pension plans is the present value of the defined benefit obligation at the reporting date minus the fair value of plan assets. The defined benefit obligation is measured using the projected unit credit method. The present value of the defined benefit obligation is determined by discounting the estimated future payments by reference to market yields at the reporting date on high-quality corporate bonds that are denominated in the currency in which the benefits will be paid, and that have terms to maturity approximating to the terms of the related pension liability.
Actuarial gains and losses are charged or credited to other comprehensive income in the period in which they arise.

3 | Staff numbers

The average number of persons employed by the company (including the director) during the year, was 45 (2024 - 44).

I.C.E.E. Managed Services Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2025

4 | Intangible assets

| Goodwill £ | Total £
Cost or valuation
At 1 October 2024 | 20,754 | 20,754
At 30 September 2025 | 20,754 | 20,754
Amortisation
At 1 October 2024 | 20,754 | 20,754
At 30 September 2025 | 20,754 | 20,754
Carrying amount
At 30 September 2025 | - | -

5 | Tangible assets

| Land and buildings £ | Furniture, fittings and equipment £ | Motor vehicles £ | Total £
Cost or valuation
At 1 October 2024 | 90,964 | 335,860 | 24,720 | 451,544
Additions | - | 15,285 | - | 15,285
At 30 September 2025 | 90,964 | 351,145 | 24,720 | 466,829
Depreciation
At 1 October 2024 | 90,964 | 307,188 | 24,720 | 422,872
Charge for the year | - | 12,346 | - | 12,346
At 30 September 2025 | 90,964 | 319,534 | 24,720 | 435,218
Carrying amount
At 30 September 2025 | - | 31,611 | - | 31,611
At 30 September 2024 | - | 28,672 | - | 28,672

Included within the net book value of land and buildings above is £Nil (2024 - £Nil) in respect of freehold land and buildings.

I.C.E.E. Managed Services Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2025

6 | Stocks

| 2025 £ | 2024 £
Work in progress | 28,051 | -
Other inventories | 200,039 | 227,967
| 228,090 | 227,967

7 | Debtors

Current | 2025 £ | 2024 £
Trade debtors | 1,222,638 | 1,118,333
Prepayments | 249,787 | 232,160
Other debtors | 899,775 | 718,144
| 2,372,200 | 2,068,637

8 | Creditors

Creditors: amounts falling due within one year

| Note | 2025 £ | 2024 £
Due within one year |  |  |
Trade creditors |  | 1,344,563 | 1,008,033
Amounts owed to group undertakings and undertakings in which the company has a participating interest |  | 123,891 | 70,606
Taxation and social security |  | 119,197 | 113,158
Accruals and deferred income |  | 289,301 | 238,191
Other creditors |  | 4,120 | 2,408
|  | 1,881,072 | 1,432,396

I.C.E.E. Managed Services Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2025

9 | Share capital

Allotted, called up and fully paid shares

| 2025 | 2024
| No. | £ | No. | £
Ordinary shares of £1 each | 100 | 100 | 100 | 100

10 | Parent and ultimate parent undertaking

The ultimate controlling party is Mr P F Harris.