Independent Fleet Consultants Limited Filleted accounts for Companies House (small and micro)

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.