IAOCR Limited - Filleted accounts

Registered number

07677372

IAOCR Limited

Filleted Accounts

31 March 2025

IAOCR Limited
Registered number:		07677372
Balance Sheet
as at 31 March 2025


Notes			2025			2024
£				£
Fixed assets
Tangible assets	4		8,800			-

Current assets
Debtors	5	210,529			157,443
Cash at bank and in hand		22,719			8,793
		233,248			166,236

Creditors: amounts falling due within one year	6	(146,373)			(76,652)

Net current assets			86,875			89,584

Net assets			95,675			89,584

Capital and reserves
Called up share capital			526			526
Capital redemption reserve	7		474			474
Profit and loss account			94,675			88,584

Shareholders' funds			95,675			89,584

The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.



…...............................
J Johnson North
Director
Approved by the board on 29 December 2025

IAOCR Limited
Notes to the Accounts
for the year ended 31 March 2025


1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	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 from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.

	Intangible fixed assets
	Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.

	Tangible fixed assets
	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

	Plant and machinery	over 5 years

	Debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Provisions
	Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.

	Foreign currency translation
	Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

	Pensions
	Contributions to defined contribution plans are expensed in the period to which they relate.


2	Employees		2025		2024
Number				Number

	Average number of persons employed by the company		6		6


3	Intangible fixed assets				£
	License fees:

	Cost
	At 1 April 2024				5,699
	At 31 March 2025				5,699

	Amortisation
	At 1 April 2024				5,699
	At 31 March 2025				5,699

	Net book value
	At 31 March 2025				-

	The license fee and associated costs are being written off in equal annual instalments over its estimated economic life of 5 years.


4	Tangible fixed assets
					Plant and machinery etc
£
	Cost
	Additions				8,800
	At 31 March 2025				8,800

	Depreciation
	At 31 March 2025				-

	Net book value
	At 31 March 2025				8,800


5	Debtors		2025		2024
£				£

	Trade debtors		160,914		144,286
	Amounts owed by group undertakings and undertakings in which the company has a participating interest		29,814		10,372
	Other debtors		19,801		2,785
			210,529		157,443


6	Creditors: amounts falling due within one year		2025		2024
£				£

	Trade creditors		60,131		727
	Amounts owed to group undertakings and undertakings in which the company has a participating interest		8,034		30,281
	Taxation and social security costs		4,648		19,121
	Other creditors		73,560		26,523
			146,373		76,652


7	Revaluation reserve		2025		2024
£				£

	At 1 April 2024		474		474

	At 31 March 2025		474		474


8	Related party transactions

	During the year the company paid management charges of £90,000 (2024 - £90,000) to its parent company.


9	Controlling party

	The company is under the control of the director J Johnson North by virtue of her majority holding in the Ordinary Share Capital of the parent company, Future Shaper Holdings Limited.


10	Other information

	IAOCR Limited is a private company limited by shares and incorporated in England. Its registered office is:
	Bray Business Centre
	Monkey Island Lane
	Maidenhead
	Berkshire
	SL6 2ED