REGISTERED NUMBER: 14630008 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

FOR

IAC DELIVERY SOLUTIONS LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

I A Cox

Mrs S A Cox

C P Cox

A J Cox

Mrs N J L Gurney

REGISTERED OFFICE:

Unit 9 Tribune Close

Trinity Trading Estate

Sitttingbourne

Kent

ME10 2PG

REGISTERED NUMBER:

14630008 (England and Wales)

ACCOUNTANTS:

George & Co.

Chartered Accountants

44a Joy Lane

Whitstable

Kent

CT5 4LT

FIXED ASSETS

Tangible assets

4

80,214

106,953

CURRENT ASSETS

Debtors

5

371,362

249,604

Cash at bank

-

2,795

371,362

252,399

CREDITORS

Amounts falling due within one year

6

414,558

266,832

NET CURRENT LIABILITIES

(43,196

)

(14,433

)

TOTAL ASSETS LESS CURRENT LIABILITIES

37,018

92,520

CREDITORS

Amounts falling due after more than one year

7

(6,362

)

(59,506

)

PROVISIONS FOR LIABILITIES

(5,968

)

(6,416

)

NET ASSETS

24,688

26,598

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

24,588

26,498

24,688

26,598

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 10 October 2025 and were signed on its behalf by:

Mrs N J L Gurney - Director

1.	STATUTORY INFORMATION

IAC Delivery Solutions 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 discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery etc

-

25% on reducing balance

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 17 (2024 - 18 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 April 2024

142,604

At 31 March 2025

142,604

DEPRECIATION

At 1 April 2024

35,651

Charge for year

26,739

At 31 March 2025

62,390

NET BOOK VALUE

At 31 March 2025

80,214

At 31 March 2024

106,953

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and

machinery

etc

£

COST

At 1 April 2024

118,049

Transfer to ownership

(54,787

)

At 31 March 2025

63,262

DEPRECIATION

At 1 April 2024

29,513

Charge for year

11,862

Transfer to ownership

(13,697

)

At 31 March 2025

27,678

NET BOOK VALUE

At 31 March 2025

35,584

At 31 March 2024

88,536

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade debtors

271,390

203,476

Other debtors

99,972

46,128

371,362

249,604

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Bank loans and overdrafts

38,298

-

Hire purchase contracts (see note 8)

16,054

36,568

Trade creditors

174,059

62,768

Taxation and social security

146,312

80,746

Other creditors

39,835

86,750

414,558

266,832

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.25

31.3.24

£

£

Hire purchase contracts (see note 8)

6,362

22,969

Other creditors

-

36,537

6,362

59,506

8.	LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase

contracts

31.3.25

31.3.24

£

£

Net obligations repayable:

Within one year

16,054

36,568

Between one and five years

6,362

22,969

22,416

59,537

Non-cancellable

operating leases

31.3.25

31.3.24

£

£

Within one year

351,672

160,080

Between one and five years

1,418,261

618,487

1,769,933

778,567