Independent Options Ltd

Contents

Statement of financial position	1
Notes to the Unaudited Financial Statements	2 to 6

Independent Options Ltd

(Registration number: 04533701)
Statement of financial position as at 31 March 2026

	Note	2026 £	2025 £
Fixed assets
Intangible assets	4	-	487
Tangible assets	5	518	892
		518	1,379
Current assets
Debtors	6	267,845	361,829
Cash at bank and in hand		251,835	145,570
		519,680	507,399
Creditors: Amounts falling due within one year	7	(36,585)	(43,644)
Net current assets		483,095	463,755
Total assets less current liabilities		483,613	465,134
Provisions for liabilities		(98)	(169)
Net assets		483,515	464,965
Capital and reserves
Called up share capital	8	10	10
Retained earnings		483,505	464,955
Shareholders' funds		483,515	464,965

For the financial year ending 31 March 2026 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 year 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 in accordance with the provisions applicable to companies subject to the small companies regime and FRS 102 ‘The Financial Reporting Standard Applicable in the UK and Republic of Ireland’.

Approved and authorised by the director on 19 August 2026
 

......................................... Mr M. Searle Director

Independent Options Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2026

1	General information

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

The address of its registered office is:
119 George V Avenue
Worthing
West Sussex
BN11 5SA

These financial statements were authorised for issue by the director on 19 August 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 except that as disclosed in the accounting policies certain items are shown at fair value.

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 sales/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

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, 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 in respect of all timing differences between taxable profits and profits reported in the financial statements.

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

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Independent Options Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2026

Tangible assets

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

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

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

Asset class	Depreciation method and rate
Furniture & Fittings	15% reducing balance
Computer & office equipment	33.3% straight line

Goodwill

Goodwill arising on the acquisition of an entity represents the excess of the cost of acquisition over the company’s interest in the net fair value of the identifiable assets, liabilities and contingent liabilities of the entity recognised at the date of acquisition. Goodwill is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is held in the currency of the acquired entity and revalued to the closing rate at each reporting period date. Goodwill is amortised over its useful life, which shall not exceed ten years if a reliable estimate of the useful life cannot be made.

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class	Amortisation method and rate
Goodwill	5% straight line

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

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.

3	Staff numbers

The average number of persons employed by the company (including the director) during the year, was 2 (2025 - 3).

Independent Options Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2026

4	Intangible assets

	Goodwill  £	Total £
Cost or valuation
At 1 April 2025	13,750	13,750
At 31 March 2026	13,750	13,750
Amortisation
At 1 April 2025	13,263	13,263
Amortisation charge	487	487
At 31 March 2026	13,750	13,750
Carrying amount
At 31 March 2026	-	-
At 31 March 2025	487	487

5	Tangible assets

	Furniture, fittings and equipment  £	Total £
Cost or valuation
At 1 April 2025	4,996	4,996
At 31 March 2026	4,996	4,996
Depreciation
At 1 April 2025	4,104	4,104
Charge for the year	374	374
At 31 March 2026	4,478	4,478
Carrying amount
At 31 March 2026	518	518
At 31 March 2025	892	892

Independent Options Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2026

6

Debtors

Current	2026 £	2025 £
Trade debtors	21,854	18,004
Prepayments	329	276
Other debtors	245,662	343,549
	267,845	361,829

7

Creditors

Creditors: amounts falling due within one year

	2026 £	2025 £
Due within one year
Taxation and social security	5,693	14,455
Accruals and deferred income	7,850	5,603
Other creditors	23,042	23,586
	36,585	43,644

8	Share capital

Allotted, called up and fully paid shares

	2026		2025
	No.	£	No.	£
Ordinary of £1 each	10	10	10	10

Independent Options Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2026

9	Related party transactions

Transactions with the director

2026	At 1 April 2025 £	Advances to director £	At 31 March 2026 £
Mr M. Searle
Loan at 2.25% to 3.75% per annun	30,900	5,295	36,195

2025	At 1 April 2024 £	Advances to director £	Repayments by director £	At 31 March 2025 £
Mr M. Searle
Loan at 2.25% to 3.75% per annun	44,613	36,287	(50,000)	30,900