| ICO Management Services Limited |
| Registered number: |
04367242 |
| Balance Sheet |
| as at 28 February 2025 |
|
| Notes |
|
|
2025 |
|
|
2024 |
| £ |
£ |
| Fixed assets |
| Tangible assets |
3 |
|
|
116 |
|
|
174 |
|
| Current assets |
| Debtors |
4 |
|
4,700 |
|
|
998 |
| Cash at bank and in hand |
|
|
4,084 |
|
|
3,482 |
|
|
|
8,784 |
|
|
4,480 |
|
| Creditors: amounts falling due within one year |
5 |
|
(44,877) |
|
|
(17,440) |
|
| Net current liabilities |
|
|
|
(36,093) |
|
|
(12,960) |
|
| Total assets less current liabilities |
|
|
|
(35,977) |
|
|
(12,786) |
|
| Creditors: amounts falling due after more than one year |
6 |
|
|
(1,247) |
|
|
(5,760) |
|
|
|
| Net liabilities |
|
|
|
(37,224) |
|
|
(18,546) |
|
|
|
|
|
|
|
|
| Capital and reserves |
| Called up share capital |
|
|
|
1 |
|
|
1 |
| Profit and loss account |
|
|
|
(37,225) |
|
|
(18,547) |
|
| Shareholder's funds |
|
|
|
(37,224) |
|
|
(18,546) |
|
|
|
|
|
|
|
|
| The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006. |
| The member has not required the company to obtain an audit in accordance with section 476 of the Act. |
| The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. |
| The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies. |
|
|
|
|
| I Egerton |
| Director |
| Approved by the board on 2 October 2025 |
|
| ICO Management Services Limited |
| Notes to the Accounts |
| for the year ended 28 February 2025 |
|
|
| 1 |
Accounting policies |
|
|
Basis of preparation |
|
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
The company is technically insolvent but the director continues to support it financially and is confident that this issue will be traded through. He therefore considers it appropriate to prepare these accounts on a going concern basis, meaning that the accounts do not reflect any adjustments which might otherwise be necessary. |
|
|
Turnover |
|
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes, from customers for work performed and software provided. |
|
|
Tangible fixed assets |
|
Fixed assets are measured at cost less accumulated depreciation, the latter being provided on all fixed assets at rates calculated to write off the cost, less estimated residual value, of each asset over its expected useful life, as follows: |
|
|
Plant and machinery |
33% on reducing balance basis |
|
|
Taxation |
|
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. Deferred tax is recognised in respect of timing differences between the recognition of income and expenses in the accounts and their assessment for tax. |
|
|
| 2 |
Employees |
2025 |
|
2024 |
| Number |
Number |
|
|
Average number of persons employed by the company |
1 |
|
1 |
|
|
|
|
|
|
|
|
|
|
| 3 |
Tangible fixed assets |
|
|
|
|
|
|
|
|
Plant and machinery etc |
| £ |
|
Cost |
|
At 1 March 2024 |
1,780 |
|
At 28 February 2025 |
1,780 |
|
|
|
|
|
|
|
|
|
|
Depreciation |
|
At 1 March 2024 |
1,606 |
|
Charge for the year |
58 |
|
At 28 February 2025 |
1,664 |
|
|
|
|
|
|
|
|
|
|
Net book value |
|
At 28 February 2025 |
116 |
|
At 29 February 2024 |
174 |
|
|
| 4 |
Debtors |
2025 |
|
2024 |
| £ |
£ |
|
|
Trade debtors |
- |
|
998 |
|
Other debtors |
4,700 |
|
- |
|
|
|
|
|
|
4,700 |
|
998 |
|
|
|
|
|
|
|
|
|
|
| 5 |
Creditors: amounts falling due within one year |
2025 |
|
2024 |
| £ |
£ |
|
|
Bank loans and overdrafts |
4,480 |
|
4,480 |
|
Director's loan |
36,000 |
|
7,000 |
|
Trade creditors |
2,004 |
|
2,626 |
|
Taxation and social security costs |
1,864 |
|
2,796 |
|
Other creditors |
529 |
|
538 |
|
|
|
|
|
|
44,877 |
|
17,440 |
|
|
|
|
|
|
|
|
|
|
| 6 |
Creditors: amounts falling due after one year |
2025 |
|
2024 |
| £ |
£ |
|
|
Bank loans |
1,247 |
|
5,760 |
|
|
|
|
|
|
|
|
|
|
| 7 |
Other information |
|
|
ICO Management Services Limited is a private company limited by shares, incorporated in England and Wales, and wholly-owned and controlled by its director. The registered office is situated at First Floor Offices, Allied House, Bryn Lane, Wrexham, LL13 9UT. |