Company Registration No. 07488914 (England and Wales)
IAC Service Group Limited
Unaudited accounts
for the year ended 30 June 2022
IAC Service Group Limited
Unaudited accounts
Contents
IAC Service Group Limited
Company Information
for the year ended 30 June 2022
Company Number
07488914 (England and Wales)
Registered Office
801 LONDON ROAD
WESTCLIFF-ON-SEA
SS0 9SY
ENGLAND
Accountants
Carmar Accountancy and Bookkeeping Ltd
801 London Road
Westcliff-on-Sea
Essex
SS0 9SY
IAC Service Group Limited
Statement of financial position
as at 30 June 2022
Investments
150,200
150,200
Cash at bank and in hand
13
291,047
Creditors: amounts falling due within one year
24,934
(265,910)
Net current assets
26,808
29,655
Net assets
177,457
181,917
Called up share capital
100
100
Profit and loss account
177,357
181,817
Shareholders' funds
177,457
181,917
For the year ending 30 June 2022 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 19 January 2023 and were signed on its behalf by
C P Chilvers
Director
Company Registration No. 07488914
IAC Service Group Limited
Notes to the Accounts
for the year ended 30 June 2022
IAC Service Group Limited is a private company, limited by shares, registered in England and Wales, registration number 07488914. The registered office is 801 LONDON ROAD, WESTCLIFF-ON-SEA, SS0 9SY, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Motor vehicles
25% Reducing Balance Basis
Computer equipment
25% Reducing Balance Basis
4
Tangible fixed assets
Motor vehicles
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 July 2021
2,600
1,065
3,665
Disposals
(2,600)
-
(2,600)
At 30 June 2022
-
1,065
1,065
At 1 July 2021
1,137
466
1,603
Charge for the year
-
150
150
On disposals
(1,137)
-
(1,137)
At 30 June 2021
1,463
599
2,062
IAC Service Group Limited
Notes to the Accounts
for the year ended 30 June 2022
5
Investments
Subsidiary undertakings
Valuation at 1 July 2021
150,200
Valuation at 30 June 2022
150,200
Amounts falling due within one year
7
Creditors: amounts falling due within one year
2022
2021
Bank loans and overdrafts
4,274
-
Trade creditors
62,058
83,284
Amounts owed to group undertakings and other participating interests
152,370
146,123
Taxes and social security
-
3,667
Other creditors
20,187
32,836
Loans from directors
(265,153)
-
8
Post balance sheet events
£276607.43 was repaid into the Company's Bank Account by the Director between 30th January 2023 and 6th February 2023.
9
Average number of employees
During the year the average number of employees was 0 (2021: 0).
