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COMPANY REGISTRATION NUMBER: 04158401

Independent Fleet Consultants Limited

Filleted Unaudited Financial Statements

31 December 2025

Independent Fleet Consultants Limited

Statement of Financial Position

31 December 2025

| 2025 | 2024
Note | £ | £ | £

Fixed assets

Tangible assets | 6 |  | 16,601 | 14,973
Investments | 7 |  | 113,842 | 113,842
|  | --------- | ---------
|  | 130,443 | 128,815

Current assets

Debtors | 8 | 713,216 |  | 825,689
Cash at bank and in hand | 205,294 |  | 228,747
| --------- |  | ------------
| 918,510 |  | 1,054,436

Creditors: amounts falling due within one year | 9 | 633,202 |  | 713,087
| --------- |  | ------------
Net current assets |  | 285,308 | 341,349
|  | --------- | ---------
Total assets less current liabilities |  | 415,751 | 470,164

Creditors: amounts falling due after more than one year | 10 |  | – | 17,536

Provisions

Taxation including deferred tax |  | 4,150 | 3,743
|  | --------- | ---------
Net assets |  | 411,601 | 448,885
|  | --------- | ---------

Capital and reserves

Called up share capital |  | 36,000 | 36,000
Share premium account |  | – | 15,000
Capital redemption reserve |  | – | 24,400
Profit and loss account |  | 375,601 | 373,485
|  | --------- | ---------
Shareholders funds |  | 411,601 | 448,885
|  | --------- | ---------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
For the year ending 31 December 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 financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

Independent Fleet Consultants Limited

Statement of Financial Position (continued)

31 December 2025
These financial statements were approved by the board of directors and authorised for issue on 3 June 2026 , and are signed on behalf of the board by:

Mr P A Talbot |
Director |

Company registration number: 04158401

Independent Fleet Consultants Limited

Notes to the Financial Statements

Year ended 31 December 2025
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 2 Doolittle Yard, Ampthill, Bedfordshire, MK45 2NW.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Consolidation
The company has taken advantage of the option not to prepare consolidated financial statements contained in Section 398 of the Companies Act 2006 on the basis that the company and its subsidiary undertakings comprise a small group.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date. Deferred tax is recognised in respect of all timing differences at the reporting date.
Amortisation
Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:

| Goodwill | - | 25% straight line

If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

| Leasehold property improvements | - | 20% straight line
| Plant and machinery | - | 20% straight line
| Equipment | - | 20% and 33% straight line

Investments
Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.
Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost.
Defined contribution plans
Contributions in respect of the company's defined contribution pension scheme are charged to the profit and loss account for the year in which they are payable to the scheme.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 16 (2024: 16 ).
5. Intangible assets

| Goodwill
| £
Cost |
At 1 January 2025 and 31 December 2025 | 221,809
| ---------
Amortisation |
At 1 January 2025 and 31 December 2025 | 221,809
| ---------
Carrying amount |
At 31 December 2025 | –
| ---------
At 31 December 2024 | –
| ---------

6. Tangible assets

| Leasehold property improvements | Plant and machinery | Equipment | Total
| £ | £ | £ | £
Cost |  |  |  |
At 1 January 2025 | 11,208 | 5,900 | – | 17,108
Additions | – | – | 5,006 | 5,006
| -------- | ------- | ------- | --------
At 31 December 2025 | 11,208 | 5,900 | 5,006 | 22,114
| -------- | ------- | ------- | --------
Depreciation |  |  |  |
At 1 January 2025 | 857 | 1,278 | – | 2,135
Charge for the year | 1,124 | 1,181 | 1,073 | 3,378
| -------- | ------- | ------- | --------
At 31 December 2025 | 1,981 | 2,459 | 1,073 | 5,513
| -------- | ------- | ------- | --------
Carrying amount |  |  |  |
At 31 December 2025 | 9,227 | 3,441 | 3,933 | 16,601
| -------- | ------- | ------- | --------
At 31 December 2024 | 10,351 | 4,622 | – | 14,973
| -------- | ------- | ------- | --------

7. Investments

| Shares in group undertakings | Other investments other than loans | Total
| £ | £ | £
Cost |  |  |
At 1 January 2025 and 31 December 2025 | 113,742 | 100 | 113,842
| --------- | ---- | ---------
Impairment |  |  |
At 1 January 2025 and 31 December 2025 | – | – | –
| --------- | ---- | ---------

Carrying amount |  |  |
At 31 December 2025 | 113,742 | 100 | 113,842
| --------- | ---- | ---------
At 31 December 2024 | 113,742 | 100 | 113,842
| --------- | ---- | ---------

8. Debtors

| 2025 | 2024
| £ | £
Trade debtors | 218,981 | 298,584
Amounts owed by group undertakings and undertakings in which the company has a participating interest | 258,074 | 378,932
Other debtors | 236,161 | 148,173
| --------- | ---------
| 713,216 | 825,689
| --------- | ---------

The debtors above include the following amounts falling due after more than one year:

| 2025 | 2024
| £ | £
Other debtors | – | 1,932
| ---- | -------

9. Creditors: amounts falling due within one year

| 2025 | 2024
| £ | £
Bank loans and overdrafts | 17,509 | 30,000
Trade creditors | 480,412 | 446,870
Amounts owed to group undertakings and undertakings in which the company has a participating interest | 23,934 | 20,056
Corporation tax | 19,160 | 48,761
Social security and other taxes | 75,459 | 114,793
Other creditors | 16,728 | 52,607
| --------- | ---------
| 633,202 | 713,087
| --------- | ---------

10. Creditors: amounts falling due after more than one year

| 2025 | 2024
| £ | £
Bank loans and overdrafts | – | 17,536
| ---- | --------

11. Other financial commitments
Total financial commitments, guarantees and contingencies which are not included in the balance sheet amount to £174,669 (2024: £270,050). Total financial commitments, guarantees and contingencies undertaken on behalf of associated undertakings which are not included in the balance sheet amount to £Nil (2024: £54,253).
12. Directors' advances, credits and guarantees
During the year the directors entered into the following advances and credits with the company:

| Balance brought forward and outstanding
| 2025 | 2024
| £ | £
Mr P A Talbot | 488 | 488
Mr P Chater | 5,400 | 5,400
| ------- | -------
| 5,888 | 5,888
| ------- | -------

The advances are unsecured, interest free and repayable on demand.