IAC Service Group Limited

IAC Service Group Limited

IAC SERVICE GROUP LIMITED - Company Information

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1 July 2022 false No description of principal activity Taxfiler 2023.15 07488914business:PrivateLimitedCompanyLtd2022-07-012023-06-30 074889142022-06-30 074889142022-07-012023-06-30 07488914business:AuditExempt-NoAccountantsReport2022-07-012023-06-30 07488914business:FilletedAccounts2022-07-012023-06-30 074889142023-06-30 07488914business:Director12022-07-012023-06-30 07488914business:RegisteredOffice2022-07-012023-06-30 074889142022-06-30 07488914core:WithinOneYear2023-06-30 07488914core:WithinOneYear2022-06-30 07488914core:ShareCapitalcore:PreviouslyStatedAmount2023-06-30 07488914core:ShareCapitalcore:PreviouslyStatedAmount2022-06-30 07488914core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-06-30 07488914core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2022-06-30 07488914core:PreviouslyStatedAmount2023-06-30 07488914core:PreviouslyStatedAmount2022-06-30 07488914business:SmallEntities2022-07-012023-06-30 07488914countries:EnglandWales2022-07-012023-06-30 07488914core:MotorVehicles2022-07-012023-06-30 07488914core:ComputerEquipment2022-07-012023-06-30 07488914core:ComputerEquipment2022-06-30 07488914core:ComputerEquipment2023-06-30 07488914business:Director112022-07-012023-06-30 07488914business:Director112022-06-30 07488914business:Director112023-06-30 074889142021-07-012022-06-30 iso4217:GBP xbrli:pure
Company Registration No. 07488914 (England and Wales)
IAC Service Group Limited Unaudited accounts for the year ended 30 June 2023
IAC Service Group Limited Unaudited accounts Contents
Page
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IAC Service Group Limited Company Information for the year ended 30 June 2023
Director
C P Chilvers
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
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IAC Service Group Limited Statement of financial position as at 30 June 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
4
337 
449 
Investments
5
150,200 
150,200 
150,537 
150,649 
Current assets
Inventories
6
16,126 
- 
Debtors
7
2,335 
1,861 
Cash at bank and in hand
13 
13 
18,474 
1,874 
Creditors: amounts falling due within one year
8
3,766 
24,934 
Net current assets
22,240 
26,808 
Net assets
172,777 
177,457 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
172,677 
177,357 
Shareholders' funds
172,777 
177,457 
For the year ending 30 June 2023 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 5 March 2024 and were signed on its behalf by
C P Chilvers Director Company Registration No. 07488914
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IAC Service Group Limited Notes to the Accounts for the year ended 30 June 2023
1
Statutory information
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
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
Computer equipment 
£ 
Cost or valuation
At cost 
At 1 July 2022
1,065 
At 30 June 2023
1,065 
Depreciation
At 1 July 2022
616 
Charge for the year
112 
At 30 June 2023
728 
Net book value
At 30 June 2023
337 
At 30 June 2022
449 
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IAC Service Group Limited Notes to the Accounts for the year ended 30 June 2023
5
Investments
Subsidiary undertakings 
£ 
Valuation at 1 July 2022
150,200 
Valuation at 30 June 2023
150,200 
6
Inventories
2023 
2022 
£ 
£ 
Raw materials
16,126 
- 
16,126 
- 
7
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
1,461 
1,461 
Other debtors
874 
400 
2,335 
1,861 
8
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
3,302 
4,274 
Trade creditors
63,869 
62,058 
Amounts owed to group undertakings and other participating interests
152,370 
152,370 
Other creditors
20,415 
20,187 
Loans from directors
(245,052)
(265,153)
Accruals
1,330 
1,330 
(3,766)
(24,934)
9
Loans to directors
Brought Forward 
Advance/ credit 
Repaid 
Carried Forward 
£ 
£ 
£ 
£ 
C P Chilvers
Advances
265,153 
280,789 
300,890 
245,052 
265,153 
280,789 
300,890 
245,052 
£ 245,052 was repaid to the Company by 11th March 2024.
10
Average number of employees
During the year the average number of employees was 0 (2022: 0).
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