ICU Group Limited

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—6

1. General Information

ICU Group Limited is a private company, limited by shares, incorporated in England & Wales, registered number 04810605 . The registered office is Hanover Buildings, 11-13 Hanover Street, Liverpool, Merseyside, L1 3DN.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

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.

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'.

2.2. Turnover

The turnover shown in the profit and loss account represents amounts invoiced during the year, exclusive of value added tax, and is derived from the provision of computer and software consultancy. The turnover is recorded on an accruals basis.

2.3. Intangible Fixed Assets and Amortisation - Goodwill

Goodwill arises on business acquisitions and represents the excess of the cost of the acquisition over the company's interest in the net amount of the identifiable assets, liabilities and contingent liabilities of the acquired business.

Goodwill is measured at cost less accumulated amortisation and accumulated impairment losses. It is amortised on a straight-line basis over its useful life. Where a reliable estimate of the useful life of goodwill or intangible assets cannot be made, the life is presumed not to exceed ten years.

2.4. Tangible Fixed Assets and Depreciation

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.

Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Plant and machinery	25% straight line
Fixtures and fittings	25% straight line
Computer equipment	25% straight line

2.5. Financial Instruments

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.

Where the contractual obligations of financial instruments (including share capital) are equivalent to a similar debt instrument, those financial instruments are classed as financial liabilities. Financial liabilities are presented as such in the balance sheet. Finance costs and gains or losses relating to financial liabilities are included in the profit and loss account. Finance costs are calculated so as to produce a constant rate of return on the outstanding liability.

Where the contractual terms of share capital do not have any terms meeting the definition of a financial liability then this is classed as an equity instrument. Dividends and distributions relating to equity instruments are debited direct to equity.

2.6. Taxation

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.

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.

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ICU Group Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2026

2.7. Operating leases

Lease payments are recognised as an expense over the lease term on a straight-line basis. The aggregate benefit of lease incentives is recognised as a reduction to expense over the lease term, on a straight-line basis. Lease income is recognised in profit or loss on a straight line basis over the lease term. The aggregate cost of lease incentives are recognised as a reduction to income over the lease term on a straight line basis. Costs, including depreciation, incurred in earning the lease income are recognised as an expense. Any initial direct costs incurred in negotiating and arranging the operating lease are added to the carrying amount of the lease and recognised as an expense over the lease term on the same basis as the lease income.

2.8. Provisions

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 as a finance cost in profit or loss in the period it arises.

2.9. Defined contribution plans

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.

When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 10 (2025: 8)

4. Intangible Assets

	Goodwill
	£
Cost
As at 1 April 2025	15,150

As at 31 March 2026	15,150

Amortisation
As at 1 April 2025	15,150

As at 31 March 2026	15,150

Net Book Value
As at 31 March 2026	-

As at 1 April 2025	-

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ICU Group Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2026

5. Tangible Assets

	Fixtures and fittings	Computer equipment	Total
	£	£	£
Cost
As at 1 April 2025	4,537	10,962	15,499

As at 31 March 2026	4,537	10,962	15,499

Depreciation
As at 1 April 2025	4,378	10,110	14,488
Provided during the period	159	427	586

As at 31 March 2026	4,537	10,537	15,074

Net Book Value
As at 31 March 2026	-	425	425

As at 1 April 2025	159	852	1,011

6. Debtors

	2026	2025
	£	£
Due within one year
Trade debtors	131,958	97,900
Other debtors	7,279	3,231

	139,237	101,131

7. Creditors: Amounts Falling Due Within One Year

	2026	2025
	£	£
Trade creditors	13,607	9,095
Other creditors	109,656	106,745
Taxation and social security	185,434	140,747

	308,697	256,587

8. Share Capital

	2026	2025
	£	£
Allotted, Called up and fully paid	1,001	1,001

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ICU Group Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2026

9. Other Commitments

The total of future minimum lease payments under non-cancellable operating leases are as following:

	2026	2025
	£	£
Not later than one year	9,677	12,485
Later than one year and not later than five years	4,085	2,634

	13,762	15,119

10. Directors Advances, Credits and Guarantees

No director received advances, credits or guarantees during the current or previous accounting periods.

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		2026		2025
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	5		425		1,011

			425		1,011
CURRENT ASSETS
Debtors	6	139,237		101,131
Cash at bank and in hand		1,279,455		1,055,906

		1,418,692		1,157,037
Creditors: Amounts Falling Due Within One Year	7	(308,697 )		(256,587 )

NET CURRENT ASSETS (LIABILITIES)			1,109,995		900,450

TOTAL ASSETS LESS CURRENT LIABILITIES			1,110,420		901,461

PROVISIONS FOR LIABILITIES
Deferred Taxation			(106 )		(253 )

NET ASSETS			1,110,314		901,208

CAPITAL AND RESERVES
Called up share capital	8		1,001		1,001
Profit and Loss Account			1,109,313		900,207

SHAREHOLDERS' FUNDS			1,110,314		901,208