REGISTERED NUMBER: 11399034 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 March 2026

for

IASC Services Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

I J McRae

Mrs L A McRae

D McRaethanan

P W McRae

L Bartlett

REGISTERED OFFICE:

Brunel House

11 The Promenade

Clifton Down

Bristol

BS8 3NG

REGISTERED NUMBER:

11399034 (England and Wales)

ACCOUNTANTS:

Wormald & Partners

Chartered Accountants (ICAEW)

Brunel House

11 The Promenade

Clifton Down

Bristol

BS8 3NG

FIXED ASSETS

Tangible assets

4

19,624

25,441

Investments

5

732,000

100,000

751,624

125,441

CURRENT ASSETS

Debtors

6

73,898

118,130

Cash at bank

58,312

6,767

132,210

124,897

CREDITORS

Amounts falling due within one year

7

848,771

233,114

NET CURRENT LIABILITIES

(716,561

)

(108,217

)

TOTAL ASSETS LESS CURRENT LIABILITIES

35,063

17,224

PROVISIONS FOR LIABILITIES

3,728

4,834

NET ASSETS

31,335

12,390

CAPITAL AND RESERVES

Called up share capital

112

112

Retained earnings

31,223

12,278

31,335

12,390

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2026 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 7 October 2026 and were signed on its behalf by:

I J McRae - Director

1.	STATUTORY INFORMATION

IASC Services Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings

-

25% on reducing balance basis

Motor vehicles

-

25% on reducing balance basis

Computer equipment

-

33.33% on reducing balance basis and 25% on reducing balance basis

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2025 - 3 ).

4.	TANGIBLE FIXED ASSETS

Fixtures

and

Motor

Computer

fittings

vehicles

equipment

Totals

£

£

£

£

COST

At 1 April 2025

1,051

57,957

3,635

62,643

Additions

-

-

697

697

At 31 March 2026

1,051

57,957

4,332

63,340

DEPRECIATION

At 1 April 2025

864

33,506

2,832

37,202

Charge for year

46

6,113

355

6,514

At 31 March 2026

910

39,619

3,187

43,716

NET BOOK VALUE

At 31 March 2026

141

18,338

1,145

19,624

At 31 March 2025

187

24,451

803

25,441

5.	FIXED ASSET INVESTMENTS

2026

2025

£

£

Participating interests

552,000

100,000

Other loans

180,000

-

732,000

100,000

Additional information is as follows:

Interest

in other

participating

interests

£

COST

At 1 April 2025

100,000

Additions

452,000

At 31 March 2026

552,000

NET BOOK VALUE

At 31 March 2026

552,000

At 31 March 2025

100,000

Other

loans

£

New in year

180,000

At 31 March 2026

180,000

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Trade debtors

3,898

47,835

Other debtors

70,000

70,000

VAT

-

92

Prepayments

-

203

73,898

118,130

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Social security and other taxes

-

1,681

Directors' loan accounts

846,881

229,973

Accrued expenses

1,890

1,460

848,771

233,114