Company registration number: 09970682
Annual report and unaudited financial statements
for the year ended 31 January 2026
for
iCars (Swale) Ltd
Pages for filing with the Registrar
Company registration number: 09970682
iCars (Swale) Ltd
Balance sheet
as at 31 January 2026
2026 2025
Note £ £ £ £
Fixed assets
Tangible assets 4 63,446 54,607
63,446 54,607
Current assets
Debtors 5 11,805 10,074
Cash at bank and in hand 2,200 4,977
14,005 15,051
Creditors: amounts falling due within one year
6 (99,274) (115,399)
Net current liabilities (85,269) (100,348)
Total assets less current liabilities (21,823) (45,741)
Creditors: Amounts falling due after more than one year
7 (39,870) (5,965)
NET LIABILITIES (61,693) (51,706)
Capital and reserves
Called up share capital 1 1
Profit and loss account (61,694) (51,707)
TOTAL EQUITY (61,693) (51,706)
The company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies for the year ended 31 January 2026.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities to comply with the Companies Act 2006 in respect to accounting records and the preparation of financial statements.
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Company registration number: 09970682
iCars (Swale) Ltd
Balance sheet - continued
as at 31 January 2026
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 Profit and loss account has not been delivered to the Registrar.
These financial statements were approved by the Board of directors and authorised for issue on 27 October 2026 and signed on its behalf by:
Mrs J McLennan, Director Mr N Mclennan, Director
27 October 2026 27 October 2026
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iCars (Swale) Ltd
Notes to the financial statements
for the year ended 31 January 2026
1 Company information
iCars (Swale) Ltd is a private company registered in England and Wales. Its registered number is 09970682. The company is limited by shares. Its registered office is Icars (Swale) Ltd, Oak Lane, Sheerness, Kent, ME12 3QR.
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 historic cost convention.
Presentation currency
The company’s financial statements are presented in sterling.
Going concern
In preparing these financial statements, the directors have assessed whether there are any material uncertainties related to events or conditions that cast significant doubt upon the company’s ability to continue as a going concern. In making this assessment, the directors take into account all available information about the future which is at least 12 months from the date that the financial statements are authorised for issue.
The directors consider that the company has adequate resources to continue in business for the foreseeable future and that it is appropriate to adopt the going concern basis in preparing the financial statements.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, Value Added Tax and other sales taxes.
Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.
Amortisation is provided at the following annual rates in order to write off each asset over its estimated useful life.
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iCars (Swale) Ltd
Notes to the financial statements - continued
for the year ended 31 January 2026
2 Accounting policies - continued
Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery etc.:
Plant and machinery - 25% reducing balance
Fixtures & fittings - 25% reducing balance
Motor vehicles - 15% reducing balance
Computer equipment - 25% reducing balance
Retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company’s pension scheme are charged to profit and loss in the period to which they relate.
3 Average number of employees
During the year the average number of employees was 3 (2025 - 4).
4 Tangible fixed assets
Plant and machinery etc.

£
Cost
At 1 February 2025 112,886
Additions 38,365
Disposals (43,846)
At 31 January 2026 107,405
Depreciation
At 1 February 2025 58,279
Charge for year 13,126
Eliminated on disposal (27,446)
At 31 January 2026 43,959
Net book value
At 31 January 2026 63,446
At 31 January 2025 54,607
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iCars (Swale) Ltd
Notes to the financial statements - continued
for the year ended 31 January 2026
5 Debtors
2026 2025
£ £
Amounts falling due within one year
Trade debtors - 5,338
Other debtors 3,975 1,076
3,975 6,414
2026 2025
£ £
Amounts falling due after more than one year
Prepayments and accrued income 7,830 3,660
Total 11,805 10,074
6 Creditors: amounts falling due within one year
2026 2025
£ £
Bank loans and overdrafts 5,965 8,200
Amounts owed to directors 68,198 53,983
Other creditors 10,467 26,731
VAT payable 13,444 23,468
Accruals and deferred income 1,200 3,017
99,274 115,399
7 Creditors: amounts falling due after more than one year
2026 2025
£ £
Other loans - 5,965
Other creditors 39,870 -
39,870 5,965
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