REGISTERED NUMBER: 04792462 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2026

for

I C Electrical Services Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

I Cole

Mrs J A Cole

SECRETARY:

Mrs J A Cole

REGISTERED OFFICE:

3 Cedric Avenue

Romford

RM1 4JL

REGISTERED NUMBER:

04792462 (England and Wales)

FIXED ASSETS

Tangible assets

4

21,055

2,051

CURRENT ASSETS

Stocks

1,000

1,000

Debtors

5

2,175

1,387

Cash at bank and in hand

14,805

19,949

17,980

22,336

CREDITORS

Amounts falling due within one year

6

17,657

14,004

NET CURRENT ASSETS

323

8,332

TOTAL ASSETS LESS CURRENT LIABILITIES

21,378

10,383

CREDITORS

Amounts falling due after more than one year

7

(8,592

)

(2,259

)

PROVISIONS FOR LIABILITIES

(5,264

)

-

NET ASSETS

7,522

8,124

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

7,520

8,122

SHAREHOLDERS' FUNDS

7,522

8,124

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2026 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 18 May 2026 and were signed on its behalf by:

I Cole - Director

1.	STATUTORY INFORMATION

I C Electrical Services 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.

Turnover

Turnover represents net invoiced sales of goods and services, excluding value added tax.

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 - 20% on cost

Motor Vehicles - 25% on cost

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.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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 balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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 1 (2025 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 April 2025

13,937

Additions

21,900

At 31 March 2026

35,837

DEPRECIATION

At 1 April 2025

11,886

Charge for year

2,896

At 31 March 2026

14,782

NET BOOK VALUE

At 31 March 2026

21,055

At 31 March 2025

2,051

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and

machinery

etc

£

COST

Additions

21,900

At 31 March 2026

21,900

DEPRECIATION

Charge for year

2,008

At 31 March 2026

2,008

NET BOOK VALUE

At 31 March 2026

19,892

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.26

31.3.25

£

£

Trade debtors

341

315

Other debtors

1,834

1,072

2,175

1,387

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.26

31.3.25

£

£

Bank loans and overdrafts

2,260

2,261

Hire purchase contracts

5,427

-

Trade creditors

3,004

3,672

Taxation and social security

4,812

6,410

Other creditors

2,154

1,661

17,657

14,004

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.26

31.3.25

£

£

Bank loans

-

2,259

Hire purchase contracts

8,592

-

8,592

2,259

8.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2026 and 31 March 2025:

31.3.26

31.3.25

£

£

I Cole

Balance outstanding at start of year

(16

)

(47

)

Amounts advanced

-

31

Amounts repaid

(448

)

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

(464

)

(16

)