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Registration number: 01841644

The Institute Of Vehicle Recovery
(A company limited by guarantee)
Unaudited Filleted Financial Statements
for the Year Ended 30 June 2025

The Institute Of Vehicle Recovery

Contents

Company Information | 1
Balance Sheet | 2
Notes to the Financial Statements | 3 to 8

The Institute Of Vehicle Recovery

Company Information

Directors | Mr CJ Hoare Mr K Rice Mr JM Coldwell Mr MA Hartell Mr NJ Ovenden Mr J J Gatward Mr S D Holland Mr J F Coupland

Company secretary | Mr GW Gatward

Registered office | Fawley House 2 Regatta Place Marlow Road Bourne End Buckinghamshire SL8 5TD

Accountants | Sterling Grove Accountants Limited Chartered Certified AccountantsFawley House 2 Regatta Place Marlow Road Bourne End Buckinghamshire SL8 5TD

The Institute Of Vehicle Recovery

(Registration number: 01841644)
Balance Sheet as at 30 June 2025

| Note | 2025 £ | 2024 £
Fixed assets |  |  |
Intangible assets | 4 | 6,188 | 14,944
Tangible assets | 5 | 2,610 | 3,262
Investments | 6 | 3 | 3
|  | 8,801 | 18,209
Current assets |  |  |
Debtors | 7 | 66,329 | 180,600
Cash at bank and in hand |  | 303,826 | 179,341
|  | 370,155 | 359,941
Creditors: Amounts falling due within one year | 8 | (9,867) | (15,797)
Net current assets |  | 360,288 | 344,144
Net assets |  | 369,089 | 362,353
Reserves |  |  |
Retained earnings |  | 369,089 | 362,353
Surplus |  | 369,089 | 362,353

For the financial year ending 30 June 2025 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 accounts for the year in question in accordance with section 476; and
• | The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 29 January 2026 and signed on its behalf by:

......................................... Mr CJ Hoare Director
......................................... Mr S D Holland Director

The Institute Of Vehicle Recovery

Notes to the Financial Statements for the Year Ended 30 June 2025

1 | General information

The company is a company limited by guarantee, incorporated in England and Wales, and consequently does not have share capital. Each of the members is liable to contribute an amount not exceeding one years subscription towards the assets of the company in the event of liquidation.

The address of its registered office is:
Fawley House 2 Regatta Place
Marlow Road
Bourne End
Buckinghamshire
SL8 5TD
United Kingdom

These financial statements were authorised for issue by the Board on 29 January 2026.

2 | Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

The Institute Of Vehicle Recovery

Notes to the Financial Statements for the Year Ended 30 June 2025

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class | Depreciation method and rate
Furniture and equipment | 20% reducing balance

Intangible assets

Identifiable website development that will benefit the company in future years through direct income generation, expenditure is capitalised and amortised on a straight line basis over its useful life of three years. Provision is made for any impairment.

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class | Amortisation method and rate
Website | straight line over 3 years

Investments

Investments in equity shares which are publicly traded or where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in profit or loss. Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.Trade debtors are recognised initially at the transaction price, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.Trade creditors are recognised at the transaction price.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.
Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

The Institute Of Vehicle Recovery

Notes to the Financial Statements for the Year Ended 30 June 2025

3 | Staff numbers

The average number of persons employed by the company (including directors) during the year, was 10 (2024 - 9).

The Institute Of Vehicle Recovery

Notes to the Financial Statements for the Year Ended 30 June 2025

4 | Intangible assets

| Other intangible assets £ | Total £
Cost or valuation
At 1 July 2024 | 44,766 | 44,766
At 30 June 2025 | 44,766 | 44,766
Amortisation
At 1 July 2024 | 29,822 | 29,822
Amortisation charge | 8,756 | 8,756
At 30 June 2025 | 38,578 | 38,578
Carrying amount
At 30 June 2025 | 6,188 | 6,188
At 30 June 2024 | 14,944 | 14,944

5 | Tangible assets

| Furniture, fittings and equipment £ | Total £
Cost or valuation
At 1 July 2024 | 24,549 | 24,549
At 30 June 2025 | 24,549 | 24,549
Depreciation
At 1 July 2024 | 21,287 | 21,287
Charge for the year | 652 | 652
At 30 June 2025 | 21,939 | 21,939
Carrying amount
At 30 June 2025 | 2,610 | 2,610
At 30 June 2024 | 3,262 | 3,262

6 | Investments

| 2025 £ | 2024 £
Investments in subsidiaries | 3 | 3

The Institute Of Vehicle Recovery

Notes to the Financial Statements for the Year Ended 30 June 2025

Subsidiaries | £
Cost or valuation
At 1 July 2024 | 3
Provision
Carrying amount
At 30 June 2025 | 3
At 30 June 2024 | 3

Details of undertakings

Details of the investments (including principal place of business of unincorporated entities) in which the company holds 20% or more of the nominal value of any class of share capital are as follows:

Undertaking | Registered office | Holding | Proportion of voting rights and shares held
|  |  | 2025 | 2024

Subsidiary undertakings
IVR Training Services Limited | Fawley House 2 Regatta Place Marlow Road Bourne End Bucks SL8 5TD | Ordinary | 100% | 100%
| England |  |  |
IVR (UK) Limited | Fawley House 2 Regatta Place Marlow Road Bourne End Bucks SL8 5TD | Ordinary | 100% | 100%
| England |  |  |

Subsidiary undertakings
IVR Training Services Limited The principal activity of IVR Training Services Limited is Training organisation.
IVR (UK) Limited The principal activity of IVR (UK) Limited is Training organisation.

The Institute Of Vehicle Recovery

Notes to the Financial Statements for the Year Ended 30 June 2025

7 | Debtors

Current | Note | 2025 £ | 2024 £
Trade debtors |  | 685 | 616
Amounts owed by related parties | 9 | 57,762 | 166,921
Prepayments |  | 7,882 | 8,219
Other debtors |  | - | 4,844
|  | 66,329 | 180,600

8 | Creditors

Creditors: amounts falling due within one year

| 2025 £ | 2024 £
Due within one year |  |
Trade creditors | 1,172 | 14,083
Taxation and social security | 1,686 | 189
Accruals and deferred income | 6,980 | 1,400
Other creditors | 29 | 125
| 9,867 | 15,797

9 | Related party transactions

Summary of transactions with subsidiaries

The company charged a management fee to its subsidiaries, IVR (UK) Limited of £81,000 (2024 £96,000) and IVR Training Services Limited of £5,000 (2024 £4,000) during the year.
IVR Training Services Limited recharged costs of £25,532 (2024 £23,355) to the company during the year. As st 30 June 2025 the balance due from IVR (UK) Limited was £19,168 (2024 £133,913) and IVR Training Services Limited was £38,594 (2024 £33,008).