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REGISTERED NUMBER: 09046498 (England and Wales)



















IPS FACILITY SERVICES LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2023






IPS FACILITY SERVICES LIMITED (REGISTERED NUMBER: 09046498)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3 to 5


IPS FACILITY SERVICES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 AUGUST 2023







DIRECTORS: Mr I G Pearsall
Mrs K A Pearsall





REGISTERED OFFICE: Unit 5, Anslow Business Park
Main Road
Anslow
Burton on Trent
Staffordshire
DE13 9QX





REGISTERED NUMBER: 09046498 (England and Wales)





ACCOUNTANTS: Johnson Tidsall Limited
Chartered Accountants
81 Burton Road
Derby
Derbyshire
DE1 1TJ

IPS FACILITY SERVICES LIMITED (REGISTERED NUMBER: 09046498)

BALANCE SHEET
31 AUGUST 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 30,435 35,619

CURRENT ASSETS
Stocks 1,790 1,666
Debtors 5 244,355 164,953
Cash at bank and in hand 189,137 181,645
435,282 348,264
CREDITORS
Amounts falling due within one year 6 161,135 130,088
NET CURRENT ASSETS 274,147 218,176
TOTAL ASSETS LESS CURRENT
LIABILITIES

304,582

253,795

PROVISIONS FOR LIABILITIES 7,591 6,751
NET ASSETS 296,991 247,044

CAPITAL AND RESERVES
Called up share capital 7 100 100
Retained earnings 296,891 246,944
SHAREHOLDERS' FUNDS 296,991 247,044

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2023 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 14 November 2023 and were signed on its behalf by:





Mr I G Pearsall - Director


IPS FACILITY SERVICES LIMITED (REGISTERED NUMBER: 09046498)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2023


1. STATUTORY INFORMATION

IPS Facility 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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on reducing balance

Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

IPS FACILITY SERVICES LIMITED (REGISTERED NUMBER: 09046498)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2023


2. ACCOUNTING POLICIES - continued

Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2022 - 6 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 September 2022 11,312 4,286 63,961 5,518 85,077
Additions - 1,056 - - 1,056
Disposals - - (13,295 ) - (13,295 )
At 31 August 2023 11,312 5,342 50,666 5,518 72,838
DEPRECIATION
At 1 September 2022 9,522 2,647 33,236 4,053 49,458
Charge for year 447 406 3,255 358 4,466
Eliminated on disposal - - (11,521 ) - (11,521 )
At 31 August 2023 9,969 3,053 24,970 4,411 42,403
NET BOOK VALUE
At 31 August 2023 1,343 2,289 25,696 1,107 30,435
At 31 August 2022 1,790 1,639 30,725 1,465 35,619

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 239,033 160,007
Directors' current accounts 944 -
Prepayments and accrued income 4,378 4,946
244,355 164,953

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 18,554 22,399
Corporation tax 70,510 54,497
Social security and other taxes 3,841 369
VAT 45,755 30,473
Other creditors 20,000 20,000
Accruals and deferred income 2,475 2,350
161,135 130,088

IPS FACILITY SERVICES LIMITED (REGISTERED NUMBER: 09046498)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2023


7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
100 Ordinary £1 100 100

8. OTHER FINANCIAL COMMITMENTS

Total financial commitments, guarantees and contingencies which are not included in the balance sheet amount to £4,059 (2022:£9,360).

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 August 2023 and 31 August 2022:

2023 2022
£    £   
Mr I G Pearsall and Mrs K A Pearsall
Balance outstanding at start of year - -
Amounts advanced 944 -
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 944 -