COMPANY REGISTRATION NUMBER:
02513521
|
Integrated Communication Systems Limited |
|
|
Filleted Unaudited Financial Statements |
|
|
Integrated Communication Systems Limited |
|
|
Statement of Financial Position |
|
31 December 2025
|
2025 |
2024 |
|
|
|
(restated) |
|
Note |
£ |
£ |
£ |
£ |
|
|
|
|
|
Fixed assets
|
Tangible assets |
5 |
|
430,000 |
|
395,000 |
|
|
|
|
|
|
Current assets
|
Debtors |
6 |
4,300 |
|
2,659 |
|
|
Cash at bank and in hand |
17,652 |
|
10,992 |
|
|
-------- |
|
-------- |
|
|
21,952 |
|
13,651 |
|
|
|
|
|
|
|
|
Creditors: amounts falling due within one year |
7 |
6,807 |
|
5,747 |
|
|
-------- |
|
-------- |
|
|
Net current assets |
|
15,145 |
|
7,904 |
|
|
--------- |
|
--------- |
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Total assets less current liabilities |
|
445,145 |
|
402,904 |
|
|
|
|
|
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Provisions
|
Taxation including deferred tax |
|
28,353 |
|
16,178 |
|
|
--------- |
|
--------- |
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Net assets |
|
416,792 |
|
386,726 |
|
|
--------- |
|
--------- |
|
|
|
|
|
Capital and reserves
|
Called up share capital |
|
2 |
|
2 |
|
Non-distributable revaluation reserves |
|
154,059 |
|
131,234 |
|
Profit and loss account |
|
262,731 |
|
255,490 |
|
|
--------- |
|
--------- |
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Shareholders funds |
|
416,792 |
|
386,726 |
|
|
--------- |
|
--------- |
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|
|
|
|
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
For the year ending 31 December 2025 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
.
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Integrated Communication Systems Limited |
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Statement of Financial Position (continued) |
|
31 December 2025
These financial statements were approved by the
board of directors
and authorised for issue on
20 July 2026
, and are signed on behalf of the board by:
Company registration number:
02513521
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Integrated Communication Systems Limited |
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Notes to the Financial Statements |
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Year ended 31 December 2025
1.
General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 8 Manor Farm Close, Oakington, Cambridge, CB24 3AT.
2.
Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the 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 financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Investment properties
Investment properties are shown at their fair value. The surplus or deficit arising from the annual revaluation is recognised through the profit and loss for the year with any unrealised gains or losses at the balance sheet date being subsequently transferred to a separate non-distributable reserve.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Income tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. 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.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
4.
Employee numbers
The average number of persons employed by the company during the year amounted to Nil
(2024:
1
).
5.
Tangible assets
|
Land and buildings |
|
£ |
|
Cost or valuation |
|
|
At 1 January 2025 (as restated) |
395,000 |
|
Revaluations |
35,000 |
|
--------- |
|
At 31 December 2025 |
430,000 |
|
--------- |
|
Depreciation |
|
|
At 1 January 2025 and 31 December 2025 |
– |
|
--------- |
|
Carrying amount |
|
|
At 31 December 2025 |
430,000 |
|
--------- |
|
At 31 December 2024 |
395,000 |
|
--------- |
|
|
The land and buildings included within tangible fixed assets relate to investment properties used for rental under operating leases. The historical cost of investment property is £247,588 (2024: £247,588). The directors consider the carrying value of investment properties to equal market value as at 31 December 2025.
6.
Debtors
|
2025 |
2024 |
|
|
(restated) |
|
£ |
£ |
|
Trade debtors |
4,300 |
1,600 |
|
Other debtors |
– |
1,059 |
|
------- |
------- |
|
4,300 |
2,659 |
|
------- |
------- |
|
|
|
7.
Creditors:
amounts falling due within one year
|
2025 |
2024 |
|
|
(restated) |
|
£ |
£ |
|
Social security and other taxes |
4,069 |
3,596 |
|
Other creditors |
2,738 |
2,151 |
|
------- |
------- |
|
6,807 |
5,747 |
|
------- |
------- |
|
|
|
8.
Prior period errors
The comparative figures have been adjusted for consistency with the current year following a decision that rental income is best reflected as turnover of the company rather than other income. Turnover in the comparative year has increased by £22,599 with a corresponding reduction in other income. In addition, the fair value adjustment in the comparative year, amounting to £23,858, has been moved from other comprehensive income into the Profit and Loss account. Neither adjustment has had any impact on overall profit or taxable profits.