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REGISTERED NUMBER: 05629156 (England and Wales)












Financial Statements

for the Year Ended 31st August 2023

for

I.P. RECRUITMENT LIMITED

I.P. RECRUITMENT LIMITED (REGISTERED NUMBER: 05629156)

Contents of the Financial Statements
for the year ended 31st August 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


I.P. RECRUITMENT LIMITED

Company Information
for the year ended 31st August 2023







DIRECTORS: S Rowley
D J Rowley



SECRETARY: S Rowley



REGISTERED OFFICE: 1 Tower House
Tower Centre
Hoddesdon
Hertfordshire
EN11 8UR



REGISTERED NUMBER: 05629156 (England and Wales)



ACCOUNTANTS: Attenboroughs (Accountants) Limited
Chartered Certified Accountants
1 Tower House
Tower Centre
Hoddesdon
Hertfordshire
EN11 8UR



BANKERS: National Westminster Bank
43 High Street
Hoddesdon
Hertfordshire
EN11 8EH

I.P. RECRUITMENT LIMITED (REGISTERED NUMBER: 05629156)

Balance Sheet
31st August 2023

31/8/23 31/8/22
Notes £    £   
CURRENT ASSETS
Debtors 6 86 -
Cash at bank and in hand 121,679 180,096
121,765 180,096
CREDITORS
Amounts falling due within one year 7 57,793 57,088
NET CURRENT ASSETS 63,972 123,008
TOTAL ASSETS LESS CURRENT
LIABILITIES

63,972

123,008

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 63,872 122,908
SHAREHOLDERS' FUNDS 63,972 123,008

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

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

The financial statements were approved by the Board of Directors and authorised for issue on 5th February 2024 and were signed on its behalf by:





S Rowley - Director


I.P. RECRUITMENT LIMITED (REGISTERED NUMBER: 05629156)

Notes to the Financial Statements
for the year ended 31st August 2023


1. STATUTORY INFORMATION

I.P. RECRUITMENT 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 represents net invoiced sales of services, excluding value added tax.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2005, is being amortised evenly over its estimated useful life of five years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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 - 33% on cost
Computer equipment - 33% on cost

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.

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.

I.P. RECRUITMENT LIMITED (REGISTERED NUMBER: 05629156)

Notes to the Financial Statements - continued
for the year ended 31st August 2023


3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1st September 2022
and 31st August 2023 69,960
AMORTISATION
At 1st September 2022
and 31st August 2023 69,960
NET BOOK VALUE
At 31st August 2023 -
At 31st August 2022 -

5. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1st September 2022
and 31st August 2023 5,519 4,480 9,999
DEPRECIATION
At 1st September 2022
and 31st August 2023 5,519 4,480 9,999
NET BOOK VALUE
At 31st August 2023 - - -
At 31st August 2022 - - -

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/8/23 31/8/22
£    £   
Tax 86 -

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/8/23 31/8/22
£    £   
Tax - 13,957
VAT - 566
Directors' current accounts 57,001 40,045
Accrued expenses 792 2,520
57,793 57,088

I.P. RECRUITMENT LIMITED (REGISTERED NUMBER: 05629156)

Notes to the Financial Statements - continued
for the year ended 31st August 2023


8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31/8/23 31/8/22
value: £    £   
85 Ordinary £1 85 85
5 'A' Ordinary £1 5 5
10 'B' Ordinary £1 10 10
100 100

9. ULTIMATE CONTROLLING PARTY

The controlling party is S Rowley.