IRIS Accounts Production v25.4.0.155 12114046 director 1.11.24 31.10.25 31.10.25 false true false false false true false Ordinary B 0.0100 Ordinary C 0.0100 Ordinary shares 0.0100 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh121140462024-10-31121140462025-10-31121140462024-11-012025-10-31121140462023-10-31121140462023-11-012024-10-31121140462024-10-3112114046ns15:EnglandWales2024-11-012025-10-3112114046ns14:PoundSterling2024-11-012025-10-3112114046ns10:Director12024-11-012025-10-3112114046ns10:PrivateLimitedCompanyLtd2024-11-012025-10-3112114046ns10:SmallEntities2024-11-012025-10-3112114046ns10:AuditExempt-NoAccountantsReport2024-11-012025-10-3112114046ns10:SmallCompaniesRegimeForDirectorsReport2024-11-012025-10-3112114046ns10:SmallCompaniesRegimeForAccounts2024-11-012025-10-3112114046ns10:FullAccounts2024-11-012025-10-311211404612024-11-012025-10-3112114046ns10:OrdinaryShareClass12024-11-012025-10-3112114046ns10:OrdinaryShareClass22024-11-012025-10-3112114046ns10:OrdinaryShareClass32024-11-012025-10-3112114046ns5:CurrentFinancialInstruments2025-10-3112114046ns5:CurrentFinancialInstruments2024-10-3112114046ns5:Non-currentFinancialInstruments2025-10-3112114046ns5:Non-currentFinancialInstruments2024-10-3112114046ns5:ShareCapital2025-10-3112114046ns5:ShareCapital2024-10-3112114046ns5:SharePremium2025-10-3112114046ns5:SharePremium2024-10-3112114046ns5:RetainedEarningsAccumulatedLosses2025-10-3112114046ns5:RetainedEarningsAccumulatedLosses2024-10-3112114046ns10:RegisteredOffice2024-11-012025-10-3112114046ns5:NetGoodwill2024-11-012025-10-3112114046ns5:IntangibleAssetsOtherThanGoodwill2024-11-012025-10-3112114046ns5:LeaseholdImprovements2024-11-012025-10-3112114046ns5:FurnitureFittings2024-11-012025-10-3112114046ns5:ComputerEquipment2024-11-012025-10-3112114046ns5:NetGoodwill2024-10-3112114046ns5:NetGoodwill2025-10-3112114046ns5:NetGoodwill2024-10-3112114046ns5:LeaseholdImprovements2024-10-3112114046ns5:FurnitureFittings2024-10-3112114046ns5:ComputerEquipment2024-10-3112114046ns5:LeaseholdImprovements2025-10-3112114046ns5:FurnitureFittings2025-10-3112114046ns5:ComputerEquipment2025-10-3112114046ns5:LeaseholdImprovements2024-10-3112114046ns5:FurnitureFittings2024-10-3112114046ns5:ComputerEquipment2024-10-3112114046ns5:WithinOneYearns5:CurrentFinancialInstruments2025-10-3112114046ns5:WithinOneYearns5:CurrentFinancialInstruments2024-10-3112114046ns10:OrdinaryShareClass12025-10-3112114046ns10:OrdinaryShareClass22025-10-3112114046ns10:OrdinaryShareClass32025-10-31
REGISTERED NUMBER: 12114046 (England and Wales)











UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2025

FOR

INDEPENDENT, ADVANCED & CLEAR LTD
INDEPENDENT, ADVANCED & CLEAR LTD (REGISTERED NUMBER: 12114046)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2025










Page

Balance Sheet 1

Notes to the Financial Statements 2


INDEPENDENT, ADVANCED & CLEAR LTD (REGISTERED NUMBER: 12114046)

BALANCE SHEET
31 OCTOBER 2025

2025 2024
Notes £    £   
FIXED ASSETS
Intangible assets 4 100,000 120,000
Tangible assets 5 48,530 97,380
148,530 217,380

CURRENT ASSETS
Debtors 6 28,003 24,615
Cash at bank 217,524 188,909
245,527 213,524
CREDITORS
Amounts falling due within one year 7 (190,718 ) (161,934 )
NET CURRENT ASSETS 54,809 51,590
TOTAL ASSETS LESS CURRENT LIABILITIES 203,339 268,970

CREDITORS
Amounts falling due after more than one year 8 (10,749 ) (25,220 )

PROVISIONS FOR LIABILITIES (11,771 ) (23,749 )
NET ASSETS 180,819 220,001

CAPITAL AND RESERVES
Called up share capital 9 100 100
Share premium 180,648 180,648
Retained earnings 71 39,253
SHAREHOLDERS' FUNDS 180,819 220,001

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2025 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 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 3 December 2025 and were signed by:





G Campopiano - Director


The notes form part of these financial statements

Page 1
INDEPENDENT, ADVANCED & CLEAR LTD (REGISTERED NUMBER: 12114046)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2025


1. STATUTORY INFORMATION

Independent, Advanced & Clear Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 12114046

Registered office: 2nd Floor Front Office Suite
38-42a South Road
Haywards Heath
West Sussex
RH16 4LA

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


Each unit has been rounded to the nearest whole pound.

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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2020, is being amortised evenly over its estimated useful life of ten years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - 20% straight line
Fixtures and fittings - 25% straight line
Computer equipment - 25% straight line

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2024 - 8 ) .

Page 2 continued...
INDEPENDENT, ADVANCED & CLEAR LTD (REGISTERED NUMBER: 12114046)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2025


4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 November 2024
and 31 October 2025 200,000
AMORTISATION
At 1 November 2024 80,000
Amortisation for year 20,000
At 31 October 2025 100,000
NET BOOK VALUE
At 31 October 2025 100,000
At 31 October 2024 120,000

5. TANGIBLE FIXED ASSETS
Improvements Fixtures
to and Computer
property fittings equipment Totals
£    £    £    £   
COST
At 1 November 2024 218,567 15,493 36,095 270,155
Additions - - 4,995 4,995
Disposals - - (3,406 ) (3,406 )
At 31 October 2025 218,567 15,493 37,684 271,744
DEPRECIATION
At 1 November 2024 139,613 8,950 24,212 172,775
Charge for year 43,746 3,873 6,214 53,833
Eliminated on disposal - - (3,394 ) (3,394 )
At 31 October 2025 183,359 12,823 27,032 223,214
NET BOOK VALUE
At 31 October 2025 35,208 2,670 10,652 48,530
At 31 October 2024 78,954 6,543 11,883 97,380

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Trade debtors 1,195 1,373
Other debtors 26,808 23,242
28,003 24,615

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Bank loans and overdrafts 13,660 12,800
Trade creditors 128 70
Taxation and social security 93,030 109,963
Other creditors 83,900 39,101
190,718 161,934

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2025 2024
£    £   
Bank loans 10,749 24,549
Other creditors - 671
10,749 25,220

Page 3 continued...
INDEPENDENT, ADVANCED & CLEAR LTD (REGISTERED NUMBER: 12114046)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2025


9. CALLED UP SHARE CAPITAL

Allotted and issued:
Number: Class: Nominal 2025 2024
value: £    £   
19,900 Ordinary B shares 0.001 20 -
80,100 Ordinary C shares 0.001 80 -
100,000 Ordinary shares 0.001 - 100
100 100

On 20/12/2024 80,100 Ordinary shares of £0.001 each were redesignated as Ordinary C shares and 19,900 Ordinary shares of £0.001 each were redesignated as Ordinary B shares

No change arose in the total nominal value of issued share capital as a result of this redesignation.

The 19,900 ordinary B shares with a nominal value of £0.001 per share were issued to Fairstone Holdings Limited. The issue represents 19.90% of the company's ordinary share capital.

Each share is entitled to the right to vote in respect of matters concerning the company. Dividends may be declared on one class of share to the exclusion of any other class of share on a pro rata basis, and dividends may be declared at different rates on the respective classes of shares.

B and C ordinary shareholders are entitled to the right to vote in respect of matters concerning the company.

B and C ordinary shareholders have a right to receive a capital payment in the event of a sale or winding up on a pro-rata basis according to the nominal amounts paid up or credited as share capital for each class of share.

Page 4