REGISTERED NUMBER: 02414996 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 August 2025

for

Ivic Limited

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTORS:

T V Bell

I K Bell

S Hamilton

REGISTERED OFFICE:

4 Winchester Drive

South West Industrial Estate

Peterlee

County Durham

SR8 2RJ

REGISTERED NUMBER:

02414996 (England and Wales)

ACCOUNTANTS:

TTR Barnes

Chartered Accountants

3-5 Grange Terrace

Stockton Road

Sunderland

Tyne & Wear

SR2 7DG

BANKERS:

Barclays Bank plc

49 High Street

Stockton

Cleveland

TS18 1AH

FIXED ASSETS

Tangible assets

4

64,075

45,628

CURRENT ASSETS

Stocks

70,093

95,201

Debtors

5

140,000

165,288

Cash at bank and in hand

520,125

509,269

730,218

769,758

CREDITORS

Amounts falling due within one year

6

190,694

235,127

NET CURRENT ASSETS

539,524

534,631

TOTAL ASSETS LESS CURRENT LIABILITIES

603,599

580,259

CREDITORS

Amounts falling due after more than one year

7

(833

)

(10,833

)

PROVISIONS FOR LIABILITIES

(10,908

)

(11,056

)

NET ASSETS

591,858

558,370

CAPITAL AND RESERVES

Called up share capital

90

90

Retained earnings

591,768

558,280

SHAREHOLDERS' FUNDS

591,858

558,370

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 28 May 2026 and were signed on its behalf by:

T V Bell - Director

1.	STATUTORY INFORMATION

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

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

The accounts have been prepared on the going concern basis which assumes the company will continue in operational existence for the foreseeable future, which the directors consider appropriate.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Revenue is recognised at the invoice date, being the point at which control of goods or services is transferred and an enforceable right to consideration arises. This is considered to satisfy the Company’s performance obligations in accordance with applicable accounting standards

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery

-

15% on reducing balance

Fixtures and fittings

-

10% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

33% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Financial instruments

The company only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are recognised at transaction value and subsequently measured at their settlement value.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 10 (2024 - 10 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 September 2024

141,857

Additions

30,935

Disposals

(3,340

)

At 31 August 2025

169,452

DEPRECIATION

At 1 September 2024

96,229

Charge for year

11,782

Eliminated on disposal

(2,634

)

At 31 August 2025

105,377

NET BOOK VALUE

At 31 August 2025

64,075

At 31 August 2024

45,628

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

99,565

128,540

Other debtors

40,435

36,748

140,000

165,288

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

10,000

10,000

Trade creditors

35,081

24,383

Taxation and social security

20,998

65,122

Other creditors

124,615

135,622

190,694

235,127

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans

833

10,833