Company registration number: 05835192
Annual report and unaudited financial statements
for the year ended 31 January 2026
for
I-Clad Limited
Pages for filing with the Registrar
Company registration number: 05835192
I-Clad Limited
Balance sheet
as at 31 January 2026
2026 2025
Note £ £ £ £
Fixed assets
Intangible assets 4 - -
Tangible assets 5 24,771 30,657
24,771 30,657
Current assets
Debtors 6 110,776 167,394
Cash at bank and in hand 268,465 233,915
379,241 401,309
Creditors: amounts falling due within one year
7 (47,043) (95,236)
Net current assets 332,198 306,073
Total assets less current liabilities 356,969 336,730
Provisions for liabilities (576) (983)
NET ASSETS 356,393 335,747
Capital and reserves
Called up share capital 1,000 1,000
Profit and loss account 355,393 334,747
TOTAL EQUITY 356,393 335,747
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: 05835192
I-Clad Limited
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 31 October 2026 and signed on its behalf by:
Mr J Wimbush, Director
31 October 2026
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I-Clad Limited
Notes to the financial statements
for the year ended 31 January 2026
1 Company information
I-Clad Limited is a private company registered in England and Wales. Its registered number is 05835192. The company is limited by shares. Its registered office is Cattermole Buildings, Market Place, Ripley, Derbyshire, DE5 9QA.
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.
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.
Goodwill - Over 5 years
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.:
Computer equipment - 35% reducing balance
Other office equipment - 25% reducing balance
Motor vehicles - 25% reducing balance
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I-Clad Limited
Notes to the financial statements - continued
for the year ended 31 January 2026
2 Accounting policies - continued
Taxation
Taxation for the year comprises current and deferred taxation. Tax is recognised in the Profit and loss account, 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 taxation
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 been enacted or substantively enacted by the balance sheet date 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 probably that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.
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 - 2).
4 Intangible assets
Goodwill
£
Cost
At 1 February 2025 8,800
At 31 January 2026 8,800
Amortisation
At 1 February 2025 8,800
At 31 January 2026 8,800
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I-Clad Limited
Notes to the financial statements - continued
for the year ended 31 January 2026
4 Intangible assets - continued
Net book value
At 31 January 2026 -
At 31 January 2025 -
5 Tangible fixed assets
Plant and machinery etc.

£
Cost
At 1 February 2025 35,744
Additions 2,092
At 31 January 2026 37,836
Depreciation
At 1 February 2025 5,087
Charge for year 7,978
At 31 January 2026 13,065
Net book value
At 31 January 2026 24,771
At 31 January 2025 30,657
6 Debtors
2026 2025
£ £
Trade debtors 18,680 35,240
Other debtors 92,096 132,154
110,776 167,394
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I-Clad Limited
Notes to the financial statements - continued
for the year ended 31 January 2026
7 Creditors: amounts falling due within one year
2026 2025
£ £
Trade creditors 1,508 3,424
Other creditors 1,926 43,795
Taxation 20,066 28,900
Social security and other tax 23,543 19,117
47,043 95,236
8 Advances, credit and guarantees granted to directors
The following advances and credits to a director subsisted during the years ended 31 January 2026 and 31 January 2025.
2026 2025
£ £
Mr John Richard Wimbush
Balance outstanding at start of year 129,033 55,000
Amounts advanced - 129,033
Amounts repaid (63,000) (55,000)
Balance outstanding at end of year 66,033 129,033
Up to 5 April 2025, interest was charged at 2.25% on the outstanding balance, After that date interest was charged at 3.75% on the outstanding balance.
9 Related party transactions
During the year, total dividends of £46,200 (2025 - £62,852) were paid to the directors.
10 Capital commitments
The company had outstanding commitments in respect of operating leases as at 31 January 2026 of £1,500 (2025 - £1,500).
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