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REGISTERED NUMBER: 08442280 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 April 2024

for

THE INDEPENDENT DEALER NETWORK LIMITED

THE INDEPENDENT DEALER NETWORK LIMITED (REGISTERED NUMBER: 08442280)






Contents of the Financial Statements
FOR THE YEAR ENDED 30 APRIL 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


THE INDEPENDENT DEALER NETWORK LIMITED

Company Information
FOR THE YEAR ENDED 30 APRIL 2024







DIRECTOR: Mr M A Bantleman





REGISTERED OFFICE: Ground Floor
Marlborough House
298 Regents Park Road
London
N3 2SZ





REGISTERED NUMBER: 08442280 (England and Wales)

THE INDEPENDENT DEALER NETWORK LIMITED (REGISTERED NUMBER: 08442280)

Balance Sheet
30 APRIL 2024

30.4.24 30.4.23
Notes £ £ £ £
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 255,395 297,914
255,395 297,914

CURRENT ASSETS
Stocks 3,750 3,750
Debtors 6 1,138,002 772,595
Investments 7 30,626 30,000
Cash at bank and in hand 473,809 498,259
1,646,187 1,304,604
CREDITORS
Amounts falling due within one year 8 272,166 194,345
NET CURRENT ASSETS 1,374,021 1,110,259
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,629,416

1,408,173

PROVISIONS FOR LIABILITIES 10 8,811 1,758
NET ASSETS 1,620,605 1,406,415

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 1,620,603 1,406,413
SHAREHOLDERS' FUNDS 1,620,605 1,406,415

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

THE INDEPENDENT DEALER NETWORK LIMITED (REGISTERED NUMBER: 08442280)

Balance Sheet - continued
30 APRIL 2024


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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 30 January 2025 and were signed by:





Mr M A Bantleman - Director


THE INDEPENDENT DEALER NETWORK LIMITED (REGISTERED NUMBER: 08442280)

Notes to the Financial Statements
FOR THE YEAR ENDED 30 APRIL 2024

1. STATUTORY INFORMATION

The Independent Dealer Network Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

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 historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding value added tax.

Goodwill
Goodwill, being the amount paid in the acquisition of a business, has been fully amortised over its estimated useful life.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - not provided
Plant and equipment - 20% on cost
Computer equipment - 25% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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 tax
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 have been enacted or substantively enacted by the year end 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 probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

THE INDEPENDENT DEALER NETWORK LIMITED (REGISTERED NUMBER: 08442280)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 30 APRIL 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 13 (2023 - 11 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£
COST
At 1 May 2023
and 30 April 2024 256,000
AMORTISATION
At 1 May 2023
and 30 April 2024 256,000
NET BOOK VALUE
At 30 April 2024 -
At 30 April 2023 -

5. TANGIBLE FIXED ASSETS
Freehold Plant and Motor Computer
property equipment vehicles equipment Totals
£ £ £ £ £
COST
At 1 May 2023 341,669 112,335 - 3,636 457,640
Additions - 21,643 7,250 3,353 32,246
Disposals (76,458 ) - - - (76,458 )
At 30 April 2024 265,211 133,978 7,250 6,989 413,428
DEPRECIATION
At 1 May 2023 53,011 105,081 - 1,634 159,726
Charge for year - 4,655 796 808 6,259
Eliminated on disposal (7,952 ) - - - (7,952 )
At 30 April 2024 45,059 109,736 796 2,442 158,033
NET BOOK VALUE
At 30 April 2024 220,152 24,242 6,454 4,547 255,395
At 30 April 2023 288,658 7,254 - 2,002 297,914

THE INDEPENDENT DEALER NETWORK LIMITED (REGISTERED NUMBER: 08442280)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 30 APRIL 2024

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£ £
Trade debtors 222,628 133,563
Bad debt provision - (13,937 )
Other debtors 911,296 648,506
Prepayments and accrued income 4,078 4,463
1,138,002 772,595

7. CURRENT ASSET INVESTMENTS
30.4.24 30.4.23
£ £
Unlisted investments 30,626 30,000

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£ £
Trade creditors 102,481 58,777
Corporation tax 101,359 90,864
Social security and other taxes 3,332 4,649
Value added tax 63,487 39,459
Other creditors 866 -
Director's current account 641 596
272,166 194,345

9. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
30.4.24 30.4.23
£ £
Within one year 41,420 29,750

10. PROVISIONS FOR LIABILITIES
30.4.24 30.4.23
£ £
Deferred tax 8,811 1,758

Deferred tax
£
Balance at 1 May 2023 1,758
Provided during year 7,053
Balance at 30 April 2024 8,811

THE INDEPENDENT DEALER NETWORK LIMITED (REGISTERED NUMBER: 08442280)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 30 APRIL 2024

11. RELATED PARTY DISCLOSURES

Other debtors includes an amount owed by a related party of £909,506 (2023: £648,506). The director Mr M A Bantleman, is also a director of this company. The debt has no fixed date for repayment, is repayable on demand and is non-interest bearing.

During the year, the company sold 15% of the freehold property to the Bantleman Family SSAS. The director Mr M A Bantleman, is a beneficiary of this scheme.