REGISTERED NUMBER: 07839806 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2026

FOR

INTER CARGO SURVEYORS LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Rayik Ibrahim

REGISTERED OFFICE:

260 Halfway Street

Sidcup

Kent

DA15 8DT

REGISTERED NUMBER:

07839806 (England and Wales)

ACCOUNTANTS:

Stan Lee Accountancy Ltd

T/A: The Stan Lee

Chartered Certified Accountants

Level 18, 40 Bank Street

Canary Wharf

London

E14 5NR

FIXED ASSETS

Tangible assets

4

44,239

51,840

CURRENT ASSETS

Debtors

5

42,367

16,694

Cash at bank and in hand

514

133

42,881

16,827

CREDITORS

Amounts falling due within one year

6

74,398

72,654

NET CURRENT LIABILITIES

(31,517

)

(55,827

)

TOTAL ASSETS LESS CURRENT LIABILITIES

12,722

(3,987

)

CREDITORS

Amounts falling due after more than one year

7

28,897

36,514

NET LIABILITIES

(16,175

)

(40,501

)

CAPITAL AND RESERVES

Called up share capital

9

100

100

Retained earnings

10

(16,275

)

(40,601

)

SHAREHOLDERS' FUNDS

(16,175

)

(40,501

)

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 director acknowledges his 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 12 August 2026 and were signed by:

Rayik Ibrahim - Director

1.	STATUTORY INFORMATION

Inter Cargo Surveyors 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings

-

15% on reducing balance

Motor vehicles

-

15% on reducing balance

Computer equipment

-

15% on reducing balance

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 3 (2025 - 3 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

Motor

Computer

fittings

vehicles

equipment

Totals

£

£

£

£

COST

At 1 April 2025

226

62,205

12,770

75,201

Additions

-

-

182

182

At 31 March 2026

226

62,205

12,952

75,383

DEPRECIATION

At 1 April 2025

51

15,279

8,031

23,361

Charge for year

26

7,039

718

7,783

At 31 March 2026

77

22,318

8,749

31,144

NET BOOK VALUE

At 31 March 2026

149

39,887

4,203

44,239

At 31 March 2025

175

46,926

4,739

51,840

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Trade debtors

41,644

12,015

CT under S455

-

3,946

VAT

723

733

42,367

16,694

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Bank loans and overdrafts (see note 8)

7,987

9,991

Hire purchase contracts

6,620

6,620

Tax

-

2,048

Social security and other taxes

588

616

Other creditors

14,687

15,885

Directors' current accounts

44,516

37,494

74,398

72,654

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2026

2025

£

£

Bank loans (see note 8)

-

1,000

Hire purchase contracts

28,897

35,514

28,897

36,514

8.

LOANS

An analysis of the maturity of loans is given below:

2026

2025

£

£

Amounts falling due within one year or on demand:

Bank overdrafts

6,987

6,991

Bank loans - BBL

1,000

3,000

7,987

9,991

Amounts falling due between two and five years:

Bounce Back Loan

-

1,000

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2026

2025

value:

£

£

100

Ordinary

£1

100

100

10.

RESERVES

Retained

earnings

£

At 1 April 2025

(40,601

)

Profit for the year

24,326

At 31 March 2026

(16,275

)

11.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

As of the balance sheet date, the Company owed its director £44,516 (2025 : £37,494). This loan is interest-free and repayable in full at short notice upon demand.

12.	ULTIMATE CONTROLLING PARTY

Throughout the current and preceding financial years, the Company remained under the control of its director, Mr. R Ibrahim, and his family, due to their ownership of the entire issued share capital of the Company.