Ideal Commercial Group Limited

	Page
Strategic Report	1
Director's Report	2
Independent Auditor's Report	3—4
Consolidated Statement of Income and Retained Earnings	5
Consolidated Balance Sheet	6
Company Balance Sheet	7
Consolidated Statement of Cash Flows	8
Notes to the Consolidated Statement of Cash Flows	9
Notes to the Financial Statements	10—18

The director presents his strategic report for the year ended 31 March 2025.

Principal Activity

The Group's principal activity continues to be that of the sale of commercial vehicles.

Review of the Business

In the year to 31 March 2025, the business achieved a profit before tax from continuing operations of £4,423 (2023 - £3,733). A the year end the company reported net assets of £2,863,685 a slight increase on the prior year (2023 - £2,858,317).

During the year the group has seen a continued reduction in sales, returning to a more normal level, after increased demand in the prior couple of years. Whilst turnover has decreased the group has seen an increase in gross profit as result of improved gross profit margin of 12% (2023 - 10%). Overhead costs have increased in the year mainly as a result of increased finance charges as well as increased repairs and maintenance as a result of the company making improvements at it's trading premises.

Given the nature of the business, the group's director is of the opinion that further analysis of performance using KPI's is not necessary for an improves understanding of the financial statements. The director is however satisfied with the trading in the year.

Principal Risks and Uncertainties

The director take overall responsibility for risk management with a particular focus on determining the nature and extent of significant risks it is willing to take in achieving it's strategic objectives.

The principal risks of the group are generally outside the direct control of the group and include the economy, changing consumer behaviours, demand and availability of new and used commercial vehicles and regulatory changes in response to climate change. The group manages these risks by monitoring market conditions and adjusting sales prices where necessary to remain competitive.

Future Developments

There are no plans that will significantly change the activities and risks of the company. Despite wider ecomomic uncertainty the director remains confident in the company's long term prospects.

On behalf of the board

Mr Andrew Lane

Director

20 November 2025

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Ideal Commercial Group Limited

Company No. 09086517

Director's Report For The Year Ended 31 March 2025

Director's Report

The director presents his report and the financial statements for the year ended 31 March 2025.

Directors

The director who held office during the year were as follows:

Mr Andrew Lane

Matters covered in the Strategic Report

Disclosures required under s416(4) of the Companies Act 2006 are commented upon in the Strategic Report as the director consider them to be of strategic importance to the business.

Statement of Director's Responsibilities

The director is responsible for preparing the Strategic Report, the Director's Report and the financial statements in accordance with applicable law and regulations.

Company law requires the director to prepare financial statements for each financial year. Under that law the director has elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards, comprising FRS102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', and applicable law). Under company law the director must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and the group and of the profit or loss of the group for that period. In preparing the financial statements the director is required to:

select suitable accounting policies and then apply them consistently;
make judgments and accounting estimates that are reasonable and prudent;
state whether applicable United Kingdom Accounting Standards, comprising FRS102, have been followed subject to any material departures disclosed and explained in the financial statements;
prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The director is responsible for keeping adequate accounting records that are sufficient to show and explain the company and group's transactions and disclose with reasonable accuracy at any time the financial position of the company and the group and enable them to ensure that the financial statements comply with the Companies Act 2006. He is also responsible for safeguarding the assets of the company and the group and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

The director is responsible for the maintenance and integrity of the corporate and financial information included on the company's website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.

Statement of Disclosure of Information to Auditors

In the case of each director in office at the date the Director's Report is approved:

so far as the director is aware, there is no relevant audit information of which the company and group's auditors are unaware; and
they have taken all the steps that they ought to have taken as directors in order to make themselves aware of any relevant audit information and to establish that the company and group's auditors are aware of that information.

Independent Auditors

The auditors, JWR Audit Ltd, have indicated their willingness to continue in office and a resolution concerning their re-appointment will be proposed at the Annual General Meeting.

On behalf of the board

Mr Andrew Lane

Director

20 November 2025

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Independent Auditor's Report

to the Members of

Ideal Commercial Group Limited

Independent Auditor's Report

Opinion

We have audited the financial statements of Ideal Commercial Group Limited (the "parent company") and its subsidiaries (the "group") for the year ended 31 March 2025 which comprise the Consolidated Profit and Loss Account, Consolidated Statement of Comprehensive Income, Consolidated Balance Sheet, Company Balance Sheet, Consolidated Cash Flow Statement and the related notes, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), including FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland".

In our opinion the financial statements:

give a true and fair view of the state of the group's and of the parent company's affairs as at 31 March 2025 and of the group's profit/(loss) for the year then ended;
have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and
have been prepared in accordance with the requirements of the Companies Act 2006.

Basis for Opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor's responsibilities for the audit of the financial statements section of our report. We are independent of the group and parent company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions Relating to Going Concern

In auditing the financial statements, we have concluded that the director's use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the group and parent company's ability to continue as a going concern for a period of at least 12 months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report.

Other Information

The other information comprises the information included in the annual report, other than the financial statements and our auditor's report thereon. The director is responsible for the other information contained within the annual report. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.

We have nothing to report in this regard.

Opinions on Other Matters Prescribed by the Companies Act 2006

In our opinion, based on the work undertaken in the course of the audit:

the information given in the Strategic Report and Director's Report for the financial year for which the financial statements are prepared is consistent with the financial statements; and
the Strategic Report and Director's Report have been prepared in accordance with applicable legal requirements.

Matters on Which We Are Required to Report by Exception

In the light of the knowledge and understanding of the group and parent company and their environment obtained in the course of the audit, we have not identified material misstatements in the Strategic Report or the Director's Report.

We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 requires us to report to you if, in our opinion:

adequate accounting records have not been kept by the parent company, or returns adequate for our audit have not been received from branches not visited by us; or
the parent company financial statements are not in agreement with the accounting records or returns; or
certain disclosures of director's remuneration specified by law are not made; or
we have not received all the information and explanations we require for our audit.

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Independent Auditor's Report (continued)

to the Members of

Ideal Commercial Group Limited

Responsibilities of Directors

As explained more fully in the Director's Responsibilities Statement set out on page 2, the director is responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the director determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the director is responsible for assessing the group and parent company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the directors either intend to liquidate the group or the parent company or to cease operations, or have no realistic alternative but to do so.

Auditor's Responsibilities for the Audit of the Financial Statements

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

Irregularities, including fraud, are instances of non-compliance with laws and regulations.

We designed audit procedures to respond to the risk, recognising that the risk of not detecting a material misstatement due to fraud is higher than the risk of not detecting one resulting from error, as fraud may involve deliberate concealment by, for example, forgery, misrepresentations or through collusion.

Procedures performed by the audit team included:

- Discussions with management regarding known or suspected instances of non-compliance with laws and regulations;
- Evaluation of controls designed to prevent and detect irregularities; and
- Assessing journals entries as part of our planned audit approach.

There are inherent limitations in the audit procedures described above and the further removed non-compliance with laws and regulations is from the events and transactions reflected in the financial statements, the less likely we would become aware of it.

As in all of our audits we also addressed the risk of management override of internal controls, including testing journals and evaluating whether there was evidence of bias by the directors that represented a risk of material misstatement due to fraud.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our Report of the Auditors.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor's report.

Use Of Our Report

This report is made solely to the company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the company's members those matters that we are required to state to them in an auditor's report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company's members as a body, for our audit work, for this report, or for the opinions we have formed.

Katie Wood FCA FCCA (Senior Statutory Auditor)

for and on behalf of JWR Audit Ltd , Statutory Auditor

20 November 2025

JWR Audit Ltd

24 Picton House

Hussar Court

Waterlooville

Hampshire

PO7 7SQ

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Ideal Commercial Group Limited

Consolidated Statement of Income and Retained Earnings

For The Year Ended 31 March 2025

Consolidated Statement of Income and Retained Earnings

		2025	2024
	Notes	£	£
TURNOVER		11,094,049	12,081,617
Cost of sales		(9,766,014 )	(10,918,548 )

GROSS PROFIT		1,328,035	1,163,069

Administrative expenses		(1,418,292 )	(1,244,408 )
Other operating income		88,190	93,021

OPERATING (LOSS)/PROFIT	4	(2,067 )	11,682
Income from Shares in group undertakings		-	-
Other interest receivable and similar income	9	9,588	7,335
Interest payable and similar charges	10	(37,158 )	(41,451 )

LOSS BEFORE TAXATION		(29,637 )	(22,434 )
Tax on Loss	11	945	2,176

LOSS AFTER TAXATION BEING LOSS FOR THE FINANCIAL YEAR ATTRIBUTABLE TO THE OWNERS OF THE PARENT		(28,692 )	(20,258 )
OTHER COMPREHENSIVE INCOME FOR THE YEAR		-	-

TOTAL COMPREHENSIVE INCOME FOR THE YEAR ATTRIBUTABLE TO THE OWNERS OF THE PARENT		(28,692 )	(20,258 )

RETAINED EARNINGS
As at 1 April 2024		3,597,524	3,658,782
Dividends paid		(65,120)	(41,000)
As at 31 March 2025		3,503,712	3,597,524

The notes on pages 9 to 18 form part of these financial statements.

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Ideal Commercial Group Limited

Consolidated Balance Sheet

As At 31 March 2025

Consolidated Balance Sheet

Registered number: 09086517

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	12		1,577,720		1,382,347

			1,577,720		1,382,347
CURRENT ASSETS
Stocks	14	4,380,913		5,013,681
Debtors	15	555,578		536,458
Cash at bank and in hand		915,963		753,212

		5,852,454		6,303,351
Creditors: Amounts Falling Due Within One Year	16	(3,566,596 )		(3,588,978 )

NET CURRENT ASSETS (LIABILITIES)			2,285,858		2,714,373

TOTAL ASSETS LESS CURRENT LIABILITIES			3,863,578		4,096,720

Creditors: Amounts Falling Due After More Than One Year	17		(350,837 )		(489,222 )

PROVISIONS FOR LIABILITIES
Deferred Taxation	20		(8,929 )		(9,874 )

NET ASSETS			3,503,812		3,597,624

CAPITAL AND RESERVES
Called up share capital	22		100		100
Profit and Loss Account			3,503,712		3,597,524

SHAREHOLDERS' FUNDS			3,503,812		3,597,624

On behalf of the board

Mr Andrew Lane

Director

20 November 2025

The notes on pages 9 to 18 form part of these financial statements.

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Ideal Commercial Group Limited

Company Balance Sheet

As At 31 March 2025

Company Balance Sheet

Registered number: 09086517

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Investment Properties			1,328,250		1,328,250
Investments	13		100		100

			1,328,350		1,328,350
CURRENT ASSETS
Debtors	15	143,791		75,116
Cash at bank and in hand		241,775		198,064

		385,566		273,180
Creditors: Amounts Falling Due Within One Year	16	(775,771 )		(394,884 )

NET CURRENT ASSETS (LIABILITIES)			(390,205 )		(121,704 )

TOTAL ASSETS LESS CURRENT LIABILITIES			938,145		1,206,646

Creditors: Amounts Falling Due After More Than One Year	17		(298,018 )		(467,338 )

NET ASSETS			640,127		739,308

CAPITAL AND RESERVES
Called up share capital	22		100		100
Profit and Loss Account			640,027		739,208

SHAREHOLDERS' FUNDS			640,127		739,308

In accordance with section 408(3) of the Companies Act 2006, the company has not presented its own profit and loss account and the related notes. The company's (loss)/profit for the year was £(34,061 ) (2024: £ 257,834 profit).

On behalf of the board

Mr Andrew Lane

Director

20 November 2025

The notes on pages 9 to 18 form part of these financial statements.

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Ideal Commercial Group Limited

Consolidated Statement of Cash Flows

For The Year Ended 31 March 2025

Consolidated Statement of Cash Flows

		2025	2024
	Notes	£	£
Cash flows from operating activities
Net cash generated from operations	1	586,023	521,223
Interest paid		(37,158 )	(41,451 )
Tax paid		-	(165,592 )

Net cash generated from operating activities		548,865	314,180

Cash flows from investing activities
Purchase of tangible assets		(215,539 )	(3,748 )
Interest received		9,588	7,335

Net cash (used in)/generated from investing activities		(205,951 )	3,587

Cash flows from financing activities
Equity dividends paid		(65,120 )	(41,000 )
Repayment of bank borrowings		(135,607 )	(95,159 )
Repayment of finance leases		55,479	-
Amount withdrawn by directors		(34,915)	(583,045)

Net cash used in financing activities		(180,163 )	(719,204 )



Increase/(decrease) in cash and cash equivalents		162,751	(401,437 )
Cash and cash equivalents at beginning of year	2	753,212	1,154,649

Cash and cash equivalents at end of year	2	915,963	753,212

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Ideal Commercial Group Limited

Notes to the Consolidated Statement of Cash Flows

For The Year Ended 31 March 2025

Notes to the Consolidated Statement of Cash Flows

1. Reconciliation of loss for the financial year to cash generated from operations

	2025	2024
	£	£
Loss for the financial year	(28,692 )	(20,258 )
Adjustments for:
Tax on loss	(945 )	(2,176 )
Interest expense	37,158	41,451
Interest income	(9,588 )	(7,335 )
Depreciation of tangible assets	20,166	12,435
Movements in working capital:
Decrease in stocks	632,768	166,796
Decrease/(increase) in trade and other debtors	49,555	(235,763 )
(Decrease)/increase in trade and other creditors	(114,399 )	566,073

Net cash generated from operations	586,023	521,223

2. Cash and cash equivalents

Cash and cash equivalents, as stated in the Statement of Cash Flows, relates to the following items in the Balance Sheet:

	2025	2024
	£	£
Cash at bank and in hand	915,963	753,212

3. Analysis of changes in net funds

	As at 1 April 2024	Cash flows	As at 31 March 2025
	£	£	£
Cash at bank and in hand	753,212	162,751	915,963
Finance leases	-	(55,479)	(55,479)
Debts falling due within one year	(74,927 )	(55,597)	(130,524 )
Debts falling due after more than one year	(489,222)	191,204	(298,018)

	189,063	242,879	431,942

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Ideal Commercial Group Limited

Notes to the Financial Statements

For The Year Ended 31 March 2025

Notes to the Financial Statements

1. General Information

Ideal Commercial Group Limited is a private company, limited by shares, incorporated in England & Wales, registered number 09086517 . The registered office is Warnford Road, West Meon, Petersfield, Hampshire, GU32 1JN.

The presentation currency of the financial statements is the Pound Sterling (£).

Accounts are rounded to the nearest pound.

The accounts represent the company as an individual entity.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland'' and the Companies Act 2006.

2.2. Basis Of Consolidation

The group consolidated financial statements include the financial statements of the company and all of its subsidiary undertakings together with the group’s share of the results of associates made up to 31 March 2025.

A subsidiary is an entity controlled by the group. Control is the power to govern the financial and operating policies of an entity so as to obtain benefits from its activities. Where the group owns less than 50% of the voting powers of an entity but controls the entity by virtue of an agreement with other investors which give it control of the financial and operating policies of the entity, it accounts for that entity as a subsidiary.

Where a subsidiary has different accounting policies to the group, adjustments are made to those subsidiary financial statements to apply the group’s accounting policies when preparing the consolidated financial statements.

An associate is an entity, being neither a subsidiary nor a joint venture, in which the group holds a long-term interest and where the group has significant influence. The group considers that it has significant influence where it has the power to participate in the financial and operating decisions of the associate. The results of associates are accounted for using the equity method of accounting.

Any subsidiary undertakings or associates sold or acquired during the year are included up to, or from, the dates of change of control or change of significant influence respectively.

Where control of a subsidiary is lost, the gain or loss is recognised in the consolidated income statement. The cumulative amounts of any exchange differences on translation, recognised in equity, are not included in the gain or loss on disposal and are transferred to retained earnings. The gain or loss also includes amounts included in other comprehensive income that are required to be reclassified to profit or loss but excludes those amounts that are not required to be reclassified.

Where control of a subsidiary is achieved in stages, the initial acquisition that gave the group control is accounted for as a business combination. Thereafter where the group increases its controlling interest in the subsidiary the transaction is treated as a transaction between equity holders. Any difference between the fair value of the consideration paid and the carrying amount of the non-controlling interest acquired is recognised directly in equity. No changes are made to the carrying value of assets, liabilities or provisions for contingent liabilities.

2.3. Business Combinations

Business combinations are accounted for by applying the purchase method.

The cost of a business combination is the fair value of the consideration given, liabilities incurred or assumed and of equity instruments issued plus the costs directly attributable to the business combination. Where control is achieved in stages the cost is the consideration at the date of each transaction.

Contingent consideration is initially recognised at estimated amount where the consideration is probable and can be measured reliably. Where (i) the contingent consideration is not considered probable or cannot be reliably measured but subsequently becomes probable and measurable or (ii) contingent consideration previously measured is adjusted, the amounts are recognised as an adjustment to the cost of the business combination.

On acquisition of a business, fair values are attributed to the identifiable assets, liabilities and contingent liabilities unless the fair value cannot be measured reliably, in which case the value is incorporated in goodwill. Intangible assets are only recognised separately from goodwill where they are separable and arise from contractual or other legal rights. Where the fair value of contingent liabilities cannot be reliably measured they are disclosed on the same basis as other contingent liabilities.

2.4. Financial Reporting Standard 102 - Reduced Disclosure Exemptions

The parent company has taken advantage of the following disclosure exemptions in preparing these financial statements, as permitted by FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland":

the requirements of Section 7 Statement of Cash Flows and Section 3 Financial Statement Presentation paragraph 3.17 (d).

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Ideal Commercial Group Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

2.5. Going Concern Disclosure

The directors have not identified any material uncertainties related to events or conditions that may cast significant doubt about the group and parent company's ability to continue as a going concern.

2.6. Significant judgements and estimations

In preparing the financial statements in accordance with FRS 102, management is required to make judgements,estimates, and assumptions that affect the application of accounting policies and the reported amounts of assets, liabilities, income, and expenses. Actual results may differ from these estimates.

Estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised if the revision affects only that period or in the period of the revision and future periods if the revision affects both current and future periods.

2.7. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services

Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.8. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Freehold	not depreciated
Improvements to Property	10% on reducing balance
Plant & Machinery	25% on reducing balance
Motor Vehicles	25% on reducing balance
Fixtures & Fittings	25% on reducing balance
Computer Equipment	25% on reducing balance

Freehold property held for investment by the Company is held at fair value and not depreciated. Within the Group, freehold property is held at the equivalent fair value assessed by the company.

2.9. Leasing and Hire Purchase Contracts

Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the group. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the profit and loss account as incurred.

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Ideal Commercial Group Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

2.10. Stocks and Work in Progress

Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks.

Cost is determined using the first-in, first-out method. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.

Work in progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.

At the end of each reporting period stocks are assessed for impairment. If an item of stock is impaired, the identified stock is reduced to its selling price less costs to complete and sell and an impairment charge is recognised in the profit and loss account. Where a reversal of the impairment is required the impairment charge is reversed, up to the original impairment loss, and is recognised as a credit in the profit and loss account.

2.11. Cash and Cash Equivalents

Cash and cash equivalents are basic financial assets and include cash in hand and deposits held at call with banks, other short-term highly liquid investments that mature in no more than three months from the date of acquisition and are readily convertible to a known amount of cash with insignificant risk of change in value, and bank overdrafts.

2.12. Taxation

Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The group's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.

Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.

3. Other Operating Income

	2025	2024
	£	£
Commission income	88,190	73,021
Rental income	-	20,000

	88,190	93,021

4. Operating (Loss)/profit

The operating (loss)/profit is stated after charging:

	2025	2024
	£	£
Depreciation of tangible fixed assets	20,166	12,435

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Ideal Commercial Group Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

5. Auditor's Remuneration

Remuneration received by the group's auditors and their associates during the year was as follows:

	2025	2024
	£	£
Audit Services
Audit of the company's financial statements	8,260	9,922

6. Staff Costs

Staff costs, including directors' remuneration, were as follows:

	2025	2024
	£	£
Wages and salaries	451,875	413,123
Social security costs	43,963	38,408
Other pension costs	8,031	7,914

	503,869	459,445

7. Average Number of Employees

Group

Average number of employees, including directors, during the year was as follows:

	2025	2024
Sales	1	1
Valet and servicing	3	4
Administration	5	5

	9	10

Company

Average number of employees, including directors, during the year was: 9 (2024: 10)

8. Director's remuneration

	2025	2024
	£	£
Emoluments	9,096	9,096

9. Interest Receivable and Similar Income

	2025	2024
	£	£
Bank interest receivable	7,311	7,239
Other interest receivable type A	2,277	96

	9,588	7,335

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Ideal Commercial Group Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

10. Interest Payable and Similar Charges

	2025	2024
	£	£
Bank loans and overdrafts	36,070	41,451
Finance charges payable under finance leases and hire purchase contracts	1,088	-

	37,158	41,451

11. Tax on Profit

	Tax Rate		2025	2024
The tax credit on the loss for the year was as follows:
	2025	2024	£	£
Current tax
UK Corporation Tax	25.0%	19.0%	-	-
Deferred Tax
Deferred taxation			(945 )	(2,176 )


Total tax charge for the period			(945 )	(2,176 )


The actual credit for the year can be reconciled to the expected credit for the year based on the loss and the standard rate of corporation tax as follows:
			2025	2024
			£	£
Profit before tax			(29,637)	(22,434)

Tax on profit at 25% (UK standard rate)			(7,409 )	-
Goodwill/depreciation not allowed for tax			5,045	-
Expenses not deductible for tax purposes			961	-
Capital allowances			(20,959 )	-
Short term timing differences			12,902	-
Tax losses unutilised carried forward			8,515	-
Deferred tax from unrecognised timing difference from a prior period			-	(2,176 )

Total tax charge for the period			(945)	(2,176)

12. Tangible Assets

Group

	Land & Property
	Freehold	Improvements to Property	Plant & Machinery	Motor Vehicles
	£	£	£	£
Cost
As at 1 April 2024	1,342,837	-	160,280	9,844
Additions	-	143,045	13,220	37,300

As at 31 March 2025	1,342,837	143,045	173,500	47,144

...CONTINUED

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Ideal Commercial Group Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

Depreciation
As at 1 April 2024	-	-	129,297	9,788
Provided during the period	-	2,840	8,865	2,345

As at 31 March 2025	-	2,840	138,162	12,133

Net Book Value
As at 31 March 2025	1,342,837	140,205	35,338	35,011

As at 1 April 2024	1,342,837	-	30,983	56


	Fixtures & Fittings	Computer Equipment	Total
	£	£	£
Cost
As at 1 April 2024	154	39,563	1,552,678
Additions	16,852	5,122	215,539

As at 31 March 2025	17,006	44,685	1,768,217

Depreciation
As at 1 April 2024	39	31,207	170,331
Provided during the period	3,338	2,778	20,166

As at 31 March 2025	3,377	33,985	190,497

Net Book Value
As at 31 March 2025	13,629	10,700	1,577,720

As at 1 April 2024	115	8,356	1,382,347

Company

The company had no tangible fixed assets as at 31 March 2025 or 31 March 2024.

13. Investments

Company

	Unlisted
	£
Cost
As at 1 April 2024	100

As at 31 March 2025	100

Provision
As at 1 April 2024	-

As at 31 March 2025	-

Net Book Value
As at 31 March 2025	100

As at 1 April 2024	100

Subsidiaries

Details of the group's subsidiaries as at 31 March 2025 are as follows:

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Ideal Commercial Group Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

Name of undertaking	Registered Office	Class of shares held	Direct holding	Indirect holding
Ideal Commercials Limited	Warnford Road, West Meon, Petersfield, Hampshire, GU32 1JN	Ordinary	100.00%	-

The aggregate capital and reserves and the result for the year of the subsidiaries listed above was as follows:

	Capital and Reserves	Profit/(loss)
	£	£
Ideal Commercials Limited	2,863,785	5,368

14. Stocks

	2025	2024
	£	£
Stock	4,380,913	5,013,681

15. Debtors

	Group		Company
	2025	2024	2025	2024
	£	£	£	£
Due within one year
Trade debtors	383,361	436,707	-	-
Other debtors	138,457	99,751	110,031	75,116

	521,818	536,458	110,031	75,116
Due after more than one year
Other debtors	33,760	-	33,760	-

	555,578	536,458	143,791	75,116

16. Creditors: Amounts Falling Due Within One Year

	Group		Company
	2025	2024	2025	2024
	£	£	£	£
Net obligations under finance lease and hire purchase contracts	2,660	-	-	-
Trade creditors	3,289,875	3,284,635	-	-
Bank loans and overdrafts	130,524	74,927	130,524	48,003
Amounts owed to group undertakings	-	-	609,087	343,911
Other creditors	3,436	107,684	-	-
Corporation tax	33,760	-	33,760	-
Taxation and social security	64,651	83,790	-	-
Accruals and deferred income	41,690	37,942	2,400	2,970

	3,566,596	3,588,978	775,771	394,884

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Ideal Commercial Group Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

17. Creditors: Amounts Falling Due After More Than One Year

	Group		Company
	2025	2024	2025	2024
	£	£	£	£
Net obligations under finance lease and hire purchase contracts	52,819	-	-	-
Bank loans	298,018	489,222	298,018	467,338

	350,837	489,222	298,018	467,338

Of the creditors the following amounts are secured.

	Company
	2025	2024
	£	£
Bank loans and overdrafts	428,542	-

18. Loans

An analysis of the maturity of loans is given below:

	Group		Company
	2025	2024	2025	2024
	£	£	£	£
Amounts falling due within one year or on demand:
Bank loans	130,524	74,927	130,524	48,003

	Group		Company
	2025	2024	2025	2024
	£	£	£	£
Amounts falling due between one and five years:
Bank loans	298,018	489,222	298,018	467,338

The bank loan is secured by way of charge over the groups property at Warnford Road, West Meon, Petersfield, Hampshire, GU32 1JN and cross guarantee and debenture between Ideal Commercials Group Limited and Ideal Commercials Limited by way of fixed and floating charge over the undertaking and all property and assets present and future, including goodwill, book debts, uncalled capital, buildings, fixtures, fixed plant & machinery.

19. Obligations Under Finance Leases and Hire Purchase

	Group
	2025	2024
	£	£
The future minimum finance lease payments are as follows:
Not later than one year	8,088	-
Later than one year and not later than five years	58,728	-

	66,816	-
Less: Finance charges allocated to future periods	11,337	-

	55,479	-

Page 17

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Ideal Commercial Group Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

20. Deferred Taxation

The provision for deferred tax is made up as follows:

	2025	2024
	£	£
Accelerated capital allowances	22,780	9,874
Tax losses carried forward	(13,851 )	-

	8,929	9,874

21. Provisions for Liabilities

Group
	Deferred Tax	Total
	£	£
As at 1 April 2024	9,874	9,874
Deferred taxation	(945 )	(945 )

Balance at 31 March 2025	8,929	8,929

22. Share Capital

	2025	2024
Allotted, called up and fully paid	£	£
100 Ordinary Shares of £ 1.00 each	100	100

23. Pension Commitments

The group operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the group in an independently administered fund.

During the year the charge to the profit and loss account in respect of defined contribution schemes was £8,031 (2024: £7,914).

At the balance sheet date contributions of £NIL were due to the fund and are included in creditors.

24. Directors Advances, Credits and Guarantees

Included within other debtors are the following loans to directors:

	As at 1 April 2024	Amounts advanced	Amounts repaid	Amounts written off	As at 31 March 2025
	£	£	£	£	£
Mr Andrew Lane	65,116	100,035	65,120	-	100,031

The above loan is unsecured, interest free and repayable on demand.

25. Dividends

	2025	2024
	£	£
On equity shares:
Interim dividend paid	65,120	41,000

26. Controlling Parties

The company's ultimate controlling party is A R Lane by virtue of their interest in the share capital of the company.

Page 18