IACC Europe Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 08342746

IACC Europe Limited

Company Limited by Guarantee

Filleted Unaudited Financial Statements

For the year ended

31 December 2025

IACC Europe Limited

Company Limited by Guarantee

Financial Statements

Year ended 31 December 2025

Contents	Pages

Officers and professional advisers	1

Statement of financial position	2 to 3

Notes to the financial statements	4 to 6

IACC Europe Limited

Company Limited by Guarantee

Officers and Professional Advisers

THE BOARD OF DIRECTORS	S P McMahon
	D J Flanagan

COMPANY SECRETARY	D J Flanagan

REGISTERED OFFICE	Potton House
	Wyboston Lakes
	Great North Road
	Wyboston
	Bedford
	MK44 3BZ

ACCOUNTANTS	Streets
	Chartered Accountants
	Potton House
	Wyboston Lakes
	Great North Road
	Wyboston
	Bedford
	MK44 3BZ

BANKERS	Lloyds Bank PLC
	17 - 19 Market Square
	St Neots
	Cambridgeshire
	PE19 2BQ

SOLICITORS	Gant, Howard & Company
	42 The Avenue
	Milford
	Southampton
	Hants S01 3RT

IACC Europe Limited

Company Limited by Guarantee

Statement of Financial Position

31 December 2025

	2025		2024
Note	£	£	£

Fixed assets

Intangible assets	6		10,400	–

Current assets

Debtors	7	144,095	12,852
Cash at bank and in hand		178,542	145,335
		----------	----------
		322,637	158,187

Creditors: amounts falling due within one year	8	271,359		79,215
		----------		----------
Net current assets			51,278	78,972
			--------	--------
Total assets less current liabilities			61,678	78,972
			--------	--------
Net assets			61,678	78,972
			--------	--------

Capital and reserves

Profit and loss account	61,678	78,972
	--------	--------
Members funds	61,678	78,972
	--------	--------

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 income and retained earnings 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 .

IACC Europe Limited

Company Limited by Guarantee

Statement of Financial Position (continued)

31 December 2025

These financial statements were approved by the board of directors and authorised for issue on 7 September 2026 , and are signed on behalf of the board by:

D J Flanagan

Director

Company registration number: 08342746

IACC Europe Limited

Company Limited by Guarantee

Notes to the Financial Statements

Year ended 31 December 2025

1. General information

The company is a private company limited by guarantee, registered in England and Wales. The address of the registered office is Potton House, Wyboston Lakes, Great North Road, Wyboston, Bedford, MK44 3BZ.

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 . The financial statements are prepared in sterling, which is the functional currency of the entity.

Revenue recognition

The turnover shown in the statement of income and retained earnings represents income receivable for the year, exclusive of Value Added Tax.

Taxation

The company does not seek to make a profit; the intention is merely to match revenues to expenditure. Therefore as a mutual organisation the company is only liable to corporation tax on interest received. 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.

Foreign currencies

Foreign currency transactions are initially recorded in the functional currency, by applying the spot exchange rate as at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the exchange rate ruling at the reporting date, with any gains or losses being taken to the profit and loss account.

Intangible assets

Intangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated amortisation and impairment losses. Any intangible assets carried at revalued amounts, are recorded at the fair value at the date of revaluation, as determined by reference to an active market, less any subsequent accumulated amortisation and subsequent accumulated impairment losses. Intangible assets acquired as part of a business combination are only recognised separately from goodwill when they arise from contractual or other legal rights, are separable, the expected future economic benefits are probable and the cost or value can be measured reliably.

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:

	Website Development	-	20% 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.

Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly.

4. Company limited by guarantee

The company is limited by guarantee and does not have share capital. Every member of the company undertakes to contribute to the assets of the company such amounts as may be required, with a maximum contribution of £1 per member.

5. Tax on (loss)/profit

Major components of tax expense

	2025	2024
	£	£

Current tax:

UK current tax expense	235	–
	----	----
Tax on (loss)/profit	235	–
	----	----

6. Intangible assets

	Website Development
	£
Cost
Additions	11,143
	--------
At 31 December 2025	11,143
	--------
Amortisation
Charge for the year	743
	--------
At 31 December 2025	743
	--------
Carrying amount
At 31 December 2025	10,400
	--------
At 31 December 2024	–
	--------

7. Debtors

	2025	2024
	£	£
Trade debtors	143,179	5,928
Other debtors	916	6,924
	----------	--------
	144,095	12,852
	----------	--------

8. Creditors: amounts falling due within one year

	2025	2024
	£	£
Trade creditors	74,511	6,376
Social security and other taxes	7,133	–
Other creditors	189,715	72,839
	----------	--------
	271,359	79,215
	----------	--------

9. Related party transactions

In the directors' opinion no one party has overall control of the company. No transactions with related parties were undertaken such as are required to be disclosed under FRS 102 section 1A.