IC Service and Maintenance Limited iXBRL

Company Registration Number: 03112378

IC Service and Maintenance Limited

Unaudited Financial Statements

for the financial year ended 31 October 2025

IC Service and Maintenance Limited

Company Registration Number: 03112378

STATEMENT OF FINANCIAL POSITION

as at 31 October 2025

		2025	2024
	Notes	£	£

Non-Current Assets

Property, plant and equipment

113,620

149,255

─────────

Current Assets

Debtors

1,718,997

1,813,674

Investments

974

939

Cash and cash equivalents

2,862,678

1,645,070

─────────

4,582,649

3,459,683

─────────

Creditors: amounts falling due within one year

(1,684,367)

(1,710,648)

─────────

Net Current Assets

2,898,282

1,749,035

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Total Assets less Current Liabilities

3,011,902

1,898,290

Creditors:

amounts falling due after more than one year

(1,667)

(11,667)

Provisions for liabilities

(10,011)

(18,056)

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Net Assets

3,000,224

1,868,567

═════════

Capital and Reserves

Called up share capital

1,200

1,200

Revaluation reserve

(413)

(439)

Retained earnings

2,999,437

1,867,806

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Equity attributable to owners of the company

3,000,224

1,868,567

═════════

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A (Small Entities).

The company has taken advantage of the exemption under section 444 not to file the Income Statement and Directors' Report.

For the financial year ended 31 October 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006.

The directors confirm that the members have not required the company to obtain an audit of its financial statements for the financial year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for ensuring that the company keeps accounting records which comply with section 386 and for preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of the financial year and of its profit and loss for the 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.

Approved by the Board and authorised for issue on 13 July 2026 and signed on its behalf by



________________________________
Mr Peter Taylor
Director

IC Service and Maintenance Limited

NOTES TO THE FINANCIAL STATEMENTS

for the financial year ended 31 October 2025

General Information

IC Service and Maintenance Limited is a company limited by shares incorporated and registered in the United Kingdom. The registered number of the company is 03112378. The registered office of the company is Unit K3 Temple Court, Knights Park, Knight Road, Strood, Kent, ME2 2LT. Other business support service activities not elsewhere classified. The financial statements have been presented in Pound (£) which is also the functional currency of the company.

Summary of Significant Accounting Policies

The following accounting policies have been applied consistently in dealing with items which are considered material in relation to the company's financial statements.

Statement of compliance

The financial statements of the company for the financial year ended 31 October 2025 have been prepared in accordance with the provisions of FRS 102 Section 1A (Small Entities) and the Companies Act 2006.

Basis of preparation

The financial statements have been prepared on the historical cost basis. The financial statements are prepared in Sterling, which is the functional currency of the entity, and to the nearest ?1.

Turnover

Turnover comprises the invoice value of goods supplied by the company, exclusive of trade discounts and value added tax.

Property, plant and equipment and depreciation

Property, plant and equipment are stated at cost or at valuation, less accumulated depreciation. The charge to depreciation is calculated to write off the original cost or valuation of property, plant and equipment, less their estimated residual value, over their expected useful lives as follows:

Fixtures, fittings and equipment

25% Straight line

Motor vehicles

25% Reducing balance

Office equipment

25% Straight line

The carrying values of tangible fixed assets are reviewed annually for impairment in periods if events or changes in circumstances indicate the carrying value may not be recoverable.

Financial assets

Current asset investments are stated at the lower of cost and net realisable value.

Provisions

Provisions are recognised when the company has a present legal or constructive obligation arising as a result of a past event, it is probable that an outflow of economic benefits will be required to settle the obligation and a reliable estimate can be made. Provisions are measured at the present value of the expenditures expected to be required to settle the obligation using a pre-tax rate that reflects current market assessments of the same value of money and the risks specific to the obligation. The increase in the provision due to passage of time is recognised as interest expense.

Employee benefits

The company operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the company in an independently administered fund. The company also operates a defined benefit pension scheme for its employees providing benefits based on final pensionable pay. The assets of this scheme are also held separately from those of the company, being invested with pension fund managers.

Taxation and deferred taxation

Current tax represents the amount expected to be paid or recovered in respect of taxable profits for the financial year and is calculated using the tax rates and laws that have been enacted or substantially enacted at the Statement of Financial Position date.

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date where transactions or events have occurred at that date that will result in an obligation to pay more tax in the future, or a right to pay less tax in the future. Timing differences are temporary differences between the company's taxable profits and its results as stated in the financial statements. Deferred tax is measured on an undiscounted basis at the tax rates that are anticipated to apply in the periods in which the timing differences are expected to reverse, based on tax rates and laws that have been enacted or substantively enacted by the Statement of Financial Position date.

Employees

The average monthly number of employees, including directors, during the financial year was 22, (2024 - 24).


4.	Property, plant and equipment
		Fixtures,	Motor	Office	Total
		fittings and	vehicles	equipment
		equipment
		£	£	£	£
	Cost
	At 1 November 2024	13,126	245,059	119,750	377,935
	Additions	-	47,689	5,163	52,852
	Disposals	-	(108,514)	-	(108,514)
		─────────	─────────	─────────	─────────
	At 31 October 2025	13,126	184,234	124,913	322,273
		─────────	─────────	─────────	─────────
	Depreciation
	At 1 November 2024	13,126	105,594	109,960	228,680
	Charge for the financial year	-	37,371	4,190	41,561
	On disposals	-	(61,588)	-	(61,588)
		─────────	─────────	─────────	─────────
	At 31 October 2025	13,126	81,377	114,150	208,653
		─────────	─────────	─────────	─────────
	Net book value
	At 31 October 2025	-	102,857	10,763	113,620
		═════════	═════════	═════════	═════════
	At 31 October 2024	-	139,465	9,790	149,255
		═════════	═════════	═════════	═════════


5.	Debtors	2025	2024
		£	£

	Trade debtors	1,661,335	1,753,912
	Other debtors	-	837
	Prepayments and accrued income	57,662	58,925
		─────────	─────────
		1,718,997	1,813,674
		═════════	═════════


6.	Investments	2025	2024
		£	£

	Listed investments	974	939
		═════════	═════════


7.	Creditors	2025	2024
	Amounts falling due within one year	£	£

	Bank loan	10,000	10,000
	Net obligations under finance leases
	and hire purchase contracts	883	599
	Trade creditors	460,418	695,859
	Taxation	644,541	315,083
	Directors' current accounts	542	542
	Other creditors	10,007	7,173
	Accruals	557,976	681,392
		─────────	─────────
		1,684,367	1,710,648
		═════════	═════════


8.	Creditors	2025	2024
	Amounts falling due after more than one year	£	£

	Bank loan	1,667	11,667
		═════════	═════════

	Loans
	Repayable in one year or less, or on demand (Note 7)	10,000	10,000
	Repayable between one and two years	1,667	10,000
	Repayable between two and five years	-	1,667
		─────────	─────────
		11,667	21,667
		═════════	═════════


9.	Provisions for liabilities

		Capital	Total	Total
		allowances

			2025	2024
		£	£	£

	At financial year start	18,056	18,056	4,825
	Charged to profit and loss	(8,045)	(8,045)	13,231
		─────────	─────────	─────────
	At financial year end	10,011	10,011	18,056
		═════════	═════════	═════════