10838980falseFinancial Planning2024-04-012025-03-31http://www.companieshouse.gov.uk/2024-03-31http://www.companieshouse.gov.uk/pt:PlantMachinery2024-03-31http://www.companieshouse.gov.uk/pt:ShareCapital2024-03-31http://www.companieshouse.gov.uk/cd:Director12024-04-012025-03-31http://www.companieshouse.gov.uk/pt:PlantMachinery2025-03-31http://www.companieshouse.gov.uk/pt:ShareCapital2025-03-31http://www.companieshouse.gov.uk/pt:ToolsEquipment2024-03-31http://www.companieshouse.gov.uk/cd:OrdinaryShareClass12024-04-012025-03-31http://www.companieshouse.gov.uk/pt:ToolsEquipment2025-03-31http://www.companieshouse.gov.uk/cd:RegisteredOffice2024-04-012025-03-31http://www.companieshouse.gov.uk/pt:NetGoodwill2024-03-31http://www.companieshouse.gov.uk/pt:NetGoodwill2025-03-31http://www.companieshouse.gov.uk/cd:AuditExemptWithAccountantsReport2024-04-012025-03-31http://www.companieshouse.gov.uk/pt:CurrentFinancialInstruments2025-03-31http://www.companieshouse.gov.uk/pt:NetGoodwill2024-04-012025-03-31http://www.companieshouse.gov.uk/pt:CurrentFinancialInstruments2024-03-31http://www.companieshouse.gov.uk/2024-04-012025-03-31http://www.companieshouse.gov.uk/2024-03-31http://www.companieshouse.gov.uk/cd:FRS1022024-04-012025-03-31http://www.companieshouse.gov.uk/2025-03-31http://www.companieshouse.gov.uk/cd:FullAccounts2024-04-012025-03-31http://www.companieshouse.gov.uk/cd:PrivateLimitedCompanyLtd2024-04-012025-03-31iso4217:GBPxbrli:sharesxbrli:pure
Registered number: 10838980

IAC Financial Planning Ltd

ACCOUNTS
FOR THE YEAR ENDED 31/03/2025

Prepared By:
LG Tax and Accountancy Services
52 Fell Road
Westbury
Wiltshire
BA13 2GG

IAC Financial Planning Ltd

ACCOUNTS
FOR THE YEAR ENDED 31/03/2025
DIRECTORS
Ivan Cullum
REGISTERED OFFICE
33 Rosparc
Probus
Truro
Cornwall
TR2 4TJ
COMPANY DETAILS
Private company limited by shares registered in EW - England and Wales, registered number 10838980
ACCOUNTANTS
LG Tax and Accountancy Services
52 Fell Road
Westbury
Wiltshire
BA13 2GG

IAC Financial Planning Ltd

ACCOUNTS
FOR THEYEARENDED31/03/2025
CONTENTS
Page
Directors' Report-
Statement Of Comprehensive Income-
Balance Sheet3
Notes To The Accounts4
The following do not form part of the statutory financial statements:
Trading And Profit And Loss Account-
Profit And Loss Account Summaries-

IAC Financial Planning Ltd

BALANCE SHEET AT 31/03/2025
20252024
Notes££
FIXED ASSETS
Intangible assets3131,324175,100
Tangible assets41,6391,890
132,963176,990
CURRENT ASSETS
Stock7251,149
Debtors622,500-
Cash at bank and in hand22,24651,453
45,47152,602
CREDITORS: Amounts falling due within one year721,87256,056
NET CURRENT ASSETS / (LIABILITIES)23,599(3,454)
TOTAL ASSETS LESS CURRENT LIABILITIES156,562173,536
PROVISIONS FOR LIABILITIES AND CHARGES830,44840,635
NET ASSETS126,114132,901
CAPITAL AND RESERVES
Called up share capital94,0004,000
Profit and loss account122,114128,901
SHAREHOLDERS' FUNDS126,114132,901
For the year ending 31/03/2025 the company was entitled to exemption 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 directors acknowledge their 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.
The directors have decided not to deliver to the registrar a copy of the company's profit and loss account.
Approved by the board on 31/03/2025 and signed on their behalf by
.............................
Ivan Cullum
Director

IAC Financial Planning Ltd

NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31/03/2025
1. ACCOUNTING POLICIES
1a. Basis Of Accounting
The accounts have been prepared under the historical cost convention.
The accounts have been prepared in accordance with FRS102 - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 .
1b. Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
Plant and Machineryreducing balance 20%
Equipmentreducing balance 20%
1c. Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell (net realisable value). Costs, which comprise direct production costs, are based on the method most appropriate to the type of inventory class, but usually on a first-in-first-out basis. Overheads are charged to profit or loss as incurred. Net realisable value is based on the estimated selling price less any estimated completion or selling costs.
When stocks are sold, the carrying amount of those stocks is recognised as an expense in the period in which the related revenue is recognised. The amount of any write-down of stocks to net realisable value and all losses of stocks are recognised as an expense in the period in which the write-down or loss occurs. The amount of any reversal of any write-down of stocks is recognised as a reduction in the amount of stocks recognised as an expense in the period in which the reversal occurs.
1d. Goodwill
Goodwill arising in connection with the acquisition of businesses is capitalised and amortised over its estimated economic life to a maximum of 10 years. Goodwill is reviewed annually for impairment if events or changes in circumstances indicate that the carrying value may not be recoverable.
2. EMPLOYEES
20252024
No.No.
Average number of employees22

IAC Financial Planning Ltd

3. INTANGIBLE FIXED ASSETS
Purchased
GoodwillTotal
££
Cost
At 01/04/2024437,754437,754
At 31/03/2025437,754437,754
Depreciation
At 01/04/2024262,654262,654
For the year43,77643,776
At 31/03/2025306,430306,430
Net Book Amounts
At 31/03/2025131,324131,324
At 31/03/2024175,100175,100
4. TANGIBLE FIXED ASSETS
Plant and
MachineryEquipmentTotal
£££
Cost
At 01/04/20241,3803,5624,942
Additions8672158
At 31/03/20251,4663,6345,100
Depreciation
At 01/04/20248992,1533,052
For the year113296409
At 31/03/20251,0122,4493,461
Net Book Amounts
At 31/03/20254541,1851,639
At 31/03/20244811,4091,890
5. STOCK 20252024
££
Stock comprises:
Other Stocks7251,149
7251,149

IAC Financial Planning Ltd

6. DEBTORS 20252024
££
Amounts falling due within one year
Other debtors22,500-
22,500-
7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
20252024
££
UK corporation tax21,87221,650
Directors current account-33,467
Other creditors-939
21,87256,056
8. PROVISIONS FOR LIABILITIES 20252024
££
Deferred taxation30,44840,635
30,44840,635
9. SHARE CAPITAL 20252024
££
Allotted, issued and fully paid:
4000 Ordinary shares of £1 each40004000
4,0004,000