IACC Europe Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 08342746

IACC Europe Limited

Company Limited by Guarantee

Filleted Unaudited Financial Statements

For the year ended

31 December 2024

IACC Europe Limited

Company Limited by Guarantee

Financial Statements

Year ended 31 December 2024

Contents	Pages

Officers and professional advisers	1

Statement of financial position	2

Notes to the financial statements	3 to 4

IACC Europe Limited

Company Limited by Guarantee

Officers and Professional Advisers

THE BOARD OF DIRECTORS	P Allaerts
	S P McMahon
	D J Flanagan

COMPANY SECRETARY	D J Flanagan

REGISTERED OFFICE	Potton House
	Wyboston Lakes
	Great North Road
	Wyboston
	Bedford
	MK44 3BZ

ACCOUNTANTS	Streets
	Chartered Accountants
	Potton House
	Wyboston Lakes
	Great North Road
	Wyboston
	Bedford
	MK44 3BZ

BANKERS	Lloyds Bank PLC
	17 - 19 Market Square
	St Neots
	Cambridgeshire
	PE19 2BQ

SOLICITORS	Gant, Howard & Company
	42 The Avenue
	Milford
	Southampton
	Hants S01 3RT

IACC Europe Limited

Company Limited by Guarantee

Statement of Financial Position

31 December 2024

	2024		2023
Note	£	£	£

Current assets

Debtors	5	12,852	118,540
Cash at bank and in hand		145,335	111,241
		---------	---------
		158,187	229,781

Creditors: amounts falling due within one year	6	79,215		179,283
		---------		---------
Net current assets			78,972	50,498
			--------	--------
Total assets less current liabilities			78,972	50,498
			--------	--------
Net assets			78,972	50,498
			--------	--------

Capital and reserves

Profit and loss account	78,972	50,498
	--------	--------
Members funds	78,972	50,498
	--------	--------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

For the year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

These financial statements were approved by the board of directors and authorised for issue on 12 September 2025 , and are signed on behalf of the board by:

D J Flanagan

Director

Company registration number: 08342746

IACC Europe Limited

Company Limited by Guarantee

Notes to the Financial Statements

Year ended 31 December 2024

1. General information

The company is a private company limited by guarantee, registered in England and Wales. The address of the registered office is Potton House, Wyboston Lakes, Great North Road, Wyboston, Bedford, MK44 3BZ.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis . The financial statements are prepared in sterling, which is the functional currency of the entity.

Taxation

The company does not seek to make a profit; the intention is merely to match revenues to expenditure. Therefore as a mutual organisation the company is only liable to corporation tax on interest received.

Revenue recognition

The turnover shown in the statement of income and retained earnings represents income receivable for the year, exclusive of Value Added Tax.

Foreign currencies

Foreign currency transactions are initially recorded in the functional currency, by applying the spot exchange rate as at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the exchange rate ruling at the reporting date, with any gains or losses being taken to the profit and loss account.

4. Company limited by guarantee

The company is limited by guarantee and does not have share capital. Every member of the company undertakes to contribute to the assets of the company such amounts as may be required, with a maximum contribution of £1 per member.

5. Debtors

	2024	2023
	£	£
Trade debtors	5,928	118,490
Other debtors	6,924	50
	--------	---------
	12,852	118,540
	--------	---------

6. Creditors: amounts falling due within one year

	2024	2023
	£	£
Trade creditors	6,376	1,781
Social security and other taxes	–	5,880
Other creditors	72,839	171,622
	--------	---------
	79,215	179,283
	--------	---------

7. Related party transactions

In the directors' opinion no one party has overall control of the company. No transactions with related parties were undertaken such as are required to be disclosed under FRS 102 section 1A.