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Registrar

Registration number: 07488914

IAC Service Group Limited
Unaudited Filleted Financial Statements
for the Period from 1 July 2024 to 31 December 2025

IAC Service Group Limited

Contents

Company Information | 1
Balance Sheet | 2
Notes to the Unaudited Financial Statements | 3 to 6

IAC Service Group Limited

Company Information

Directors | C Chilvers

Registered office | 3 Warners Mill Silks Way Braintree Essex CM7 3GB

Accountants | Lambert Chapman LLP Chartered accountants3 Warners Mill Silks Way Braintree Essex CM7 3GB

IAC Service Group Limited

(Registration number: 07488914)
Balance Sheet as at 31 December 2025

| Note | 2025 £ | 2024 £
Fixed assets |  |  |
Tangible assets | 5 | 1,060 | 253
Current assets |  |  |
Stocks | 6 | - | 16,126
Debtors | 7 | 2,782 | 2,644
Cash at bank and in hand |  | 298 | 236,868
|  | 3,080 | 255,638
Creditors: Amounts falling due within one year | 8 | (2,309) | (238,611)
Net current assets |  | 771 | 17,027
Net assets |  | 1,831 | 17,280
Capital and reserves |  |  |
Called up share capital | 9 | 100 | 100
Retained earnings |  | 1,731 | 17,180
Shareholders' funds |  | 1,831 | 17,280

For the financial period ending 31 December 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

• | The members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476; and
• | The director acknowledges his 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 director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 17 April 2026

C Chilvers
Director

IAC Service Group Limited

Notes to the Unaudited Financial Statements for the Period from 1 July 2024 to 31 December 2025

1 | General information

The company is a private company limited by share capital, incorporated in England & Wales.

The address of its registered office is: 3 Warners Mill, Silks Way, Braintree, Essex, CM7 3GB, England.

These financial statements were authorised for issue by the director on 17 April 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.
These financial statements are presented in Sterling (£), which is the company's functional currency.

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 value added tax, returns, rebates and discounts.
The company recognises revenue when:
- the amount of revenue can be reliably measured;
- it is probable that future economic benefits will flow to the entity;
- and specific criteria have been met for each of the company's activities.

Tax

Current Tax is recognised in the profit and loss account, 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.

Deferred tax is recognised on temporary differences arising between the tax bases of assets and liabilities and their carrying amounts in the financial statements and on unused tax losses or tax credits in the company. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation.

IAC Service Group Limited

Notes to the Unaudited Financial Statements for the Period from 1 July 2024 to 31 December 2025

Depreciation

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

Asset class | Depreciation method and rate
Computer equipment | 25% Reducing Balance Basis

Business combinations

Business combinations are accounted for using the purchase method. The consideration for each acquisition is measured at the aggregate of the fair values at acquisition date of assets given, liabilities incurred or assumed, and equity instruments issued by the group in exchange for control of the acquired, plus any costs directly attributable to the business combination. When a business combination agreement provides for an adjustment to the cost of the combination contingent on future events, the group includes the estimated amount of that adjustment in the cost of the combination at the acquisition date if the adjustment is probable and can be measured reliably.

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.
Interest income on debt securities, where applicable, is recognised in income using the effective interest method. Dividends on equity securities are recognised in income when receivable.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.
The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

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.

Share capital

Ordinary shares are classified as equity.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

IAC Service Group Limited

Notes to the Unaudited Financial Statements for the Period from 1 July 2024 to 31 December 2025

3 | Staff numbers

The average number of persons employed by the company (including the director) during the period, was 1 (2024 - 1).

4 | Exceptional items

The exceptional items in the 2024 profit and loss account relates to a related party company loan written off in the year and the impairment of an investment in a subsidiary company.

5 | Tangible assets

| Office equipment £ | Total £
Cost or valuation
At 1 July 2024 | 1,065 | 1,065
Additions | 1,279 | 1,279
Disposals | (1,065) | (1,065)
At 31 December 2025 | 1,279 | 1,279
Depreciation
At 1 July 2024 | 812 | 812
Charge for the period | 314 | 314
Eliminated on disposal | (907) | (907)
At 31 December 2025 | 219 | 219
Carrying amount
At 31 December 2025 | 1,060 | 1,060
At 30 June 2024 | 253 | 253

6 | Stocks

| 2025 £ | 2024 £
Other inventories | - | 16,126

7 | Debtors

| 2025 £ | 2024 £
Trade debtors | - | 1,461
Directors loan | - | 308
Other debtors | 2,782 | 875
| 2,782 | 2,644

IAC Service Group Limited

Notes to the Unaudited Financial Statements for the Period from 1 July 2024 to 31 December 2025

8 | Creditors

Creditors: amounts falling due within one year

| Note | 2025 £ | 2024 £
Due within one year |  |  |
Trade creditors |  | 215 | 63,869
Amounts owed to group undertakings and undertakings in which the company has a participating interest |  | - | 152,371
Taxation and social security |  | (1) | 854
Accruals and deferred income |  | 1,685 | 1,330
Other creditors |  | 410 | 20,187
|  | 2,309 | 238,611

9 | Share capital

Allotted, called up and fully paid shares

| 2025 | 2024
| No. | £ | No. | £
Ordinary Shares of £1 each | 70 | 70 | 70 | 70
Ordinary B Shares of £1 each | 30 | 30 | 30 | 30
| 100 | 100 | 100 | 100