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Registered number: 4893269
Iceni International Limited
Unaudited Financial Statements
For The Year Ended 31 August 2025
Graver & Co Ltd
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 4893269
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 257,811 258,508
Investments 5 12,668 12,668
270,479 271,176
CURRENT ASSETS
Debtors 6 400,603 459,440
Cash at bank and in hand 44,940 98,555
445,543 557,995
Creditors: Amounts Falling Due Within One Year 7 (47,197 ) (116,262 )
NET CURRENT ASSETS (LIABILITIES) 398,346 441,733
TOTAL ASSETS LESS CURRENT LIABILITIES 668,825 712,909
Creditors: Amounts Falling Due After More Than One Year 8 (6,982 ) -
NET ASSETS 661,843 712,909
CAPITAL AND RESERVES
Called up share capital 9 2 2
Profit and Loss Account 661,841 712,907
SHAREHOLDERS' FUNDS 661,843 712,909
Page 1
Page 2
For the year ending 31 August 2025 the company was entitled to exemption from audit 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 directors acknowledge 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 and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Philip Earthey
Director
Mrs Victoria Earthey
Director
29th May 2026
The notes on pages 3 to 6 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Iceni International Limited is a private company, limited by shares, incorporated in England & Wales, registered number 4893269 . The registered office is 2 Station Road, Brundall, Norwich, NR13 5LA.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. 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 is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Freehold NIL
Plant & Machinery 25% Reducing Balnce
Computer Equipment 25% Reducing Balance
2.4. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
...CONTINUED
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2.4. Taxation - continued
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2024: 2)
2 2
4. Tangible Assets
Land & Property
Freehold Plant & Machinery Computer Equipment Total
£ £ £ £
Cost
As at 1 September 2024 255,721 11,404 1,304 268,429
As at 31 August 2025 255,721 11,404 1,304 268,429
Depreciation
As at 1 September 2024 - 8,943 978 9,921
Provided during the period - 616 81 697
As at 31 August 2025 - 9,559 1,059 10,618
Net Book Value
As at 31 August 2025 255,721 1,845 245 257,811
As at 1 September 2024 255,721 2,461 326 258,508
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5. Investments
Unlisted
£
Cost or Valuation
As at 1 September 2024 12,668
As at 31 August 2025 12,668
Provision
As at 1 September 2024 -
As at 31 August 2025 -
Net Book Value
As at 31 August 2025 12,668
As at 1 September 2024 12,668
6. Debtors
2025 2024
£ £
Due within one year
Other debtors 271,530 265,169
Due after more than one year
Other debtors 129,073 194,271
400,603 459,440
7. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Trade creditors 3,001 2,502
Bank loans and overdrafts 31,052 27,058
Other creditors 9,947 68,392
Taxation and social security 3,197 18,310
47,197 116,262
8. Creditors: Amounts Falling Due After More Than One Year
2025 2024
£ £
Bank loans 5,347 -
Other creditors 1,635 -
6,982 -
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Page 6
9. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 2 2
10. Directors Advances, Credits and Guarantees
Dividends paid to directors
2025 2024
£ £
Mr Philip Earthey 32,000 57,000
Mrs Victoria Earthey 32,000 57,000
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