ICB (Fabrications) Limited

Contents

Balance Sheet	1
Notes to the Financial Statements	2 to 7

ICB (Fabrications) Limited

Balance Sheet

31 December 2025

	Note	2025 £	2024 £
Fixed assets
Tangible assets	4	422,779	250,720
Current assets
Stocks	5	152,854	121,348
Debtors	6	76,812	446,295
Cash at bank and in hand		1,337	18,167
		231,003	585,810
Creditors: Amounts falling due within one year	7	(438,540)	(400,554)
Net current (liabilities)/assets		(207,537)	185,256
Total assets less current liabilities		215,242	435,976
Creditors: Amounts falling due after more than one year	7	(133,410)	(53,966)
Provisions for liabilities		(23,995)	(58,995)
Net assets		57,837	323,015
Capital and reserves
Called up share capital		1,000	1,000
Profit and loss account		56,837	322,015
Shareholders' funds		57,837	323,015

These financial statements have been prepared and delivered in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006 and the option not to file the Profit and Loss Account has been taken.

Approved and authorised by the Board on 22 September 2026 and signed on its behalf by:
 

......................................... Mr R Jackson Director

Company Registration Number: 06469260

ICB (Fabrications) Limited

Notes to the Financial Statements

Year Ended 31 December 2025

1	General information

The company is a private company limited by share capital, incorporated in United Kingdom.

The address of its registered office is:
Units 9-11
Fleets Industrial Estate
Willis Way
Poole
Dorset
BH15 3SU

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

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 section 1A and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

These financial statements are presented in Sterling (£) and are rounded to the nearest whole pound.

Going concern

The company continues to be profitable and has the support of its fellow group members. Furthermore, the Directors have reviewed the available budgets and following this review are satisfied that it is appropriate for the company to adopt a going concern basis of presentation.

Key sources of estimation uncertainty

In the application of the company's accounting policies, the directors are required to make estimates and assumptions over the value of assets and liabilities that are not readily apparent from other sources.

A key accounting estimate made by the directors is with regards to the valuation of stock at the lower of cost and net realisable value, and determining a stock provision estimate. The directors review all stock lines with regards to the last date of sale, the value of these sales and the likelihood of future sales proceeds to determine an overall stock provision figure.

The directors concluded that no stock provision was required in either period.

ICB (Fabrications) Limited

Notes to the Financial Statements

Year Ended 31 December 2025

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable on the manufacture and sale of goods. Sales are recognised upon despatch and shown net of VAT and other sales related taxes.

Foreign currency transactions and balances

Transactions in foreign currencies are initially recorded at the functional currency rate prevailing at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated into the respective functional currency of the entity at the rates prevailing on the reporting period date. Non-monetary items carried at fair value that are denominated in foreign currencies are retranslated at the rate on the date when the fair value is re-measured.

Non-monetary items measured in terms of historical cost in a foreign currency are not retranslated.

Tax

Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

Deferred tax is recognised on all timing differences at the balance sheet date unless indicated below. Timing differences are differences between taxable profits and the results as stated in the profit and loss account and other comprehensive income. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Furniture, fittings and equipment	10-25% Straight line basis
Plant and machinery	15% Straight line basis

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

ICB (Fabrications) Limited

Notes to the Financial Statements

Year Ended 31 December 2025

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessee.

Assets held under finance leases are recognised at the lower of their fair value at inception of the lease and the present value of the minimum lease payments. These assets are depreciated on a straight-line basis over the shorter of the useful life of the asset and the lease term. The corresponding liability to the lessor is included in the balance sheet as a finance lease obligation.

Lease payments are apportioned between finance costs in the profit and loss account and reduction of the lease obligation so as to achieve a constant periodic rate of interest on the remaining balance of the liability.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

Financial instruments

Classification
The company holds the following financial instruments:

• Short term trade and other debtors and creditors; and
• Cash and bank balances.

All financial instruments are classified as basic.

 Recognition and measurement
The company has chosen to apply the recognition and measurement principles in FRS102.

Financial instruments are recognised when the company becomes party to the contractual provisions of the instrument and derecognised when in the case of assets, the contractual rights to cash flows from the assets expire or substantially all the risks and rewards of ownership are transferred to another party, or in the case of liabilities, when the company’s obligations are discharged, expire or are cancelled.

Such instruments are initially measured at transaction price, including transaction costs, and are subsequently carried at the undiscounted amount of the cash or other consideration expected to be paid or received, after taking account of impairment adjustments.

 

ICB (Fabrications) Limited

Notes to the Financial Statements

Year Ended 31 December 2025

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 16 (2024 - 16).

4	Tangible assets

	Furniture, fittings and equipment  £	Plant and machinery £	Total £
Cost or valuation
At 1 January 2025	100,227	689,687	789,914
Additions	83,721	161,128	244,849
At 31 December 2025	183,948	850,815	1,034,763
Depreciation
At 1 January 2025	70,762	468,432	539,194
Charge for the year	12,465	60,325	72,790
At 31 December 2025	83,227	528,757	611,984
Carrying amount
At 31 December 2025	100,721	322,058	422,779
At 31 December 2024	29,465	221,255	250,720

5

Stocks

	2025 £	2024 £
Raw materials and consumables	152,854	121,348

ICB (Fabrications) Limited

Notes to the Financial Statements

Year Ended 31 December 2025

6

Debtors

	2025 £	2024 £
Trade debtors	31,101	34,881
Amounts owed by group undertakings	-	114,536
Prepayments	45,711	156,717
Other debtors	-	140,161
	76,812	446,295

7

Creditors

Creditors: amounts falling due within one year

	Note	2025 £	2024 £
Due within one year
Loans and borrowings	8	41,201	14,391
Trade creditors		72,969	262,475
Amounts owed to group undertakings		256,222	96,193
Taxation and social security		27,845	13,651
Accruals and deferred income		35,854	13,844
Other creditors		4,449	-
		438,540	400,554

Creditors: amounts falling due after more than one year

	Note	2025 £	2024 £
Due after one year
Loans and borrowings	8	133,410	53,966

ICB (Fabrications) Limited

Notes to the Financial Statements

Year Ended 31 December 2025

8	Loans and borrowings

Non-current loans and borrowings

	2025 £	2024 £
Hire purchase contracts	133,410	53,966

Current loans and borrowings

	2025 £	2024 £
Hire purchase contracts	41,201	14,391

Liabilities in respect of hire purchase contracts are secured over the assets to which they relate.

9	Financial commitments, guarantees and contingencies

Amounts not provided for in the balance sheet

The total amount of financial commitments not included in the balance sheet is £39,709 (2024 - £756).

10	Audit report

The Independent Auditors' Report was unqualified. The name of the Senior Statutory Auditor who signed the audit report was Adrian Way FCA FCCA, who signed for and on behalf of PKF Francis Clark on 22 September 2026.

11	Ultimate parent company

The company's immediate parent is ICB (Waterproofing) Ltd, incorporated in the United Kingdom. Its registered office is : Units 9-11 Fleets Industrial Estate, Willis Way, Poole, Dorset, BH15 3SU

 The ultimate parent is ICB (Trading) Limited, incorporated in the United Kingdom.

 The most senior parent entity producing publicly available financial statements is ICB (Trading) Limited. These financial statements are available upon request from Companies House.