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Company registration number:
11977547
Icd Energy Metering Services Limited
Unaudited Filleted Financial Statements for the year ended
31 May 2026
Icd Energy Metering Services Limited
Chartered accountant's report to the board of directors on the preparation of the unaudited statutory financial statements of Icd Energy Metering Services Limited
Year ended
31 May 2026
In order to assist you to fulfil your duties under the Companies Act 2006, I have prepared for your approval the
financial statements
of
Icd Energy Metering Services Limited
for the year ended
31 May 2026
which comprise the income statement, statement of income and retained earnings, statement of financial position and related notes from the company’s accounting records and from information and explanations you have given me.
As a practising member of the Institute of Chartered Accountants in England and Wales (ICAEW), I am subject to its ethical and other professional requirements which are detailed at icaew.com/​regulations.
This report is made solely to the Board of Directors of
Icd Energy Metering Services Limited
, as a body, in accordance with the terms of my engagement letter dated 27 March 2025. My work has been undertaken solely to prepare for your approval the
financial statements
of
Icd Energy Metering Services Limited
and state those matters that I have agreed to state to the Board of Directors of
Icd Energy Metering Services Limited
, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than
Icd Energy Metering Services Limited
and its Board of Directors, as a body, for my work or for this report.
It is your duty to ensure that
Icd Energy Metering Services Limited
has kept adequate accounting records and to prepare statutory
financial statements
that give a true and fair view of the assets, liabilities, financial position and profit of
Icd Energy Metering Services Limited
. You consider that
Icd Energy Metering Services Limited
is exempt from the statutory audit requirement for the year.
I have not been instructed to carry out an audit or a review of the financial statements of Icd Energy Metering Services Limited. For this reason, I have not verified the accuracy or completeness of the accounting records or information and explanations you have given to me and I do not, therefore, express any opinion on the statutory financial statements.
Thirlwell & Co Chartered Accountants
4 Church Street
Swinton
Mexborough
South Yorkshire
S64 8QA
United Kingdom
Date:
10 June 2026
Icd Energy Metering Services Limited
Statement of Financial Position
31 May 2026
20262025
Note££
Fixed assets    
Tangible assets 5
19,863
 
17,156
 
Current assets    
Stocks
20,491
 
43,495
 
Debtors 6
597,182
 
176,738
 
Cash at bank and in hand
27,531
 
83,658
 
645,204
 
303,891
 
Creditors: amounts falling due within one year 7
(658,035
 )
(438,723
 )
Net current liabilities
(12,831
 )
(134,832
 )
Total assets less current liabilities 7,032   (117,676 )
Provisions for liabilities
(4,965
 )
(3,260
 )
Net assets/(liabilities)
2,067
 
(120,936
 )
Capital and reserves    
Called up share capital
300
 
300
 
Profit and loss account
1,767
 
(121,236
 )
Shareholders funds/(deficit)
2,067
 
(120,936
 )
For the year ending
31 May 2026
, the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
  • The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
  • The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These
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.
These
financial statements
were approved by the board of directors and authorised for issue on
10 June 2026
, and are signed on behalf of the board by:
B Corbett
Director
Company registration number:
11977547
Icd Energy Metering Services Limited
Notes to the Financial Statements
Year ended
31 May 2026

1 General information

The company is a private company limited by shares and is registered in England and Wales. The address of the registered office is
Unit 2 N.Stones Business Park
,
Thurnscoe
,
Rotherham
,
South Yorkshire
,
S63 0BA
, England.

2 Statement of compliance

These
financial statements
have been prepared in compliance with FRS 102 Section 1A, 'The Financial Reporting Standard applicable to the UK and Republic of Ireland'.

3 Accounting policies

Basis of preparation

The
financial statements
have been prepared on the historical cost basis, as modified by the revaluation of certain assets.
The
financial statements
are prepared in sterling, which is the functional currency of the company.

Going concern

The directors have reviewed the company's cash flow forecasts and are satisfied that the company has adequate resources to continue in operational existence for the foreseeable future. Accordingly, the financial statements have been prepared on the going concern basis.

Turnover

Turnover is measured at the fair value of the consideration received or receivable for goods supplied, net of discounts and Value Added Tax.
Turnover from the sale of goods is recognised when significant risks and rewards of ownership of the goods have transferred to the buyer, the amount of turnover can be measured reliably, it is probable that economic benefits associated with the transaction will flow to the company and the costs incurred in respect of the transaction can be measured reliably.
When the outcome of a transaction can be estimated reliably, turnover from the rendering of construction services is recognised by reference to the stage of completion at the balance sheet date. The stage of completion is calculated by comparing costs incurred as a proportion of total costs incurred or expected.

Current tax

Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Tangible assets

Tangible assets are initially measured at cost, and are subsequently measured at cost less any accumulated depreciation and accumulated impairment losses or at a revalued amount.
Any tangible assets carried at a revalued amount are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
An increase in the carrying amount of an asset as a result of a revaluation is recognised in other comprehensive income and accumulated in capital and reserves. However, the increase is recognised in profit or loss to the extent that it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in capital and reserves. If a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess is recognised in profit or loss.
Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:
Plant and machinery
10% on reducing balance
Motor vehicles
20% on reducing balance

Impairment

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stocks to their present location and condition.

Construction contracts

Where the outcome of construction contracts can be reliably estimated, contract revenue and contract costs are recognised by reference to the stage of completion of the contract activity as at the period end.
Where the outcome of construction contracts cannot be estimated reliably, revenue is recognised to the extent of contract costs incurred that it is probable will be recoverable, and contract costs are recognised as an expense in the period in which they are incurred.
The entity uses the percentage of completion method to determine the amounts to be recognised in the period. The stage of completion is measured by reference to the contract costs incurred up to the end of the reporting period as a percentage of total estimated costs for each contract. Costs incurred for work performed to date do not include costs relating to future activity, such as for materials or prepayments.

Financial instruments

The company only enters into basic financial instrument transactions that result in the recognition of f inancial assets and liabilities like trade and other receivable and payables and loans from related parties.
Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is more likely than not that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured on an undiscounted basis at the tax rates that would apply in the periods in which timing differences are expected to reverse, based on tax rates and laws enacted at the statement of financial position date.

Provisions for liabilities

Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event; it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense.
Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised in finance costs in profit or loss in the period it arises.

Defined contribution pension plan

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.

4 Average number of employees

The average number of persons employed by the company during the year was
20
(2025:
23.00
).

5 Tangible assets

Plant and machinery etc.
£
Cost  
At
1 June 2025
25,601
 
Additions
6,027
 
At
31 May 2026
31,628
 
Depreciation  
At
1 June 2025
8,445
 
Charge
3,320
 
At
31 May 2026
11,765
 
Carrying amount  
At
31 May 2026
19,863
 
At 31 May 2025
17,156
 

6 Debtors

20262025
££
Trade debtors
276,344
 
164,151
 
Amounts owed by group undertakings and undertakings in which the company has a participating interest
5,500
 
5,500
 
Other debtors
315,338
 
7,087
 
597,182
 
176,738
 
Construction contracts
Amount recoverable on contracts included within other debtors amounted to £309,817 at 31 May 2026 (2025: £nil).
The balance represents contract costs incurred together with attributable profits recognised to date less amounts invoiced on contracts in progress.

7 Creditors: amounts falling due within one year

20262025
££
Trade creditors
128,613
 
83,651
 
Amounts owed to group undertakings and undertakings in which the company has a participating interest
65,781
 
54,221
 
Taxation and social security
300,595
 
202,917
 
Other creditors
163,046
 
97,934
 
658,035
 
438,723
 

9 Deferred tax

The deferred tax provision at 31 May 2026 comprises a provision of £4,965 (2025: £3,260) in respect of accelerated capital allowances. During the year a deferred tax asset of £1,204 relating to trading losses brought forward was released and the provision in respect of accelerated capital allowances increased by £1,706.