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REGISTERED NUMBER: 09719489 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 August 2023

for

Ipswich Plant Services Ltd

Ipswich Plant Services Ltd (Registered number: 09719489)






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


Ipswich Plant Services Ltd

Company Information
for the Year Ended 31 August 2023







DIRECTOR: R P Brown





REGISTERED OFFICE: 9 Byford Court
Crockatt Road
Hadleigh
Ipswich
Suffolk
IP7 6RD





REGISTERED NUMBER: 09719489 (England and Wales)





ACCOUNTANTS: Suffolk Tax Accountants Group
9 Byford Court
Crockatt Road
Hadleigh
Ipswich
Suffolk
IP7 6RD

Ipswich Plant Services Ltd (Registered number: 09719489)

Balance Sheet
31 August 2023

31.8.23 31.8.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 50,732 40,869

CURRENT ASSETS
Debtors 5 5,340 6,441
Cash at bank 27,816 20,591
33,156 27,032
CREDITORS
Amounts falling due within one year 6 97,099 100,420
NET CURRENT LIABILITIES (63,943 ) (73,388 )
TOTAL ASSETS LESS CURRENT LIABILITIES (13,211 ) (32,519 )

CREDITORS
Amounts falling due after more than one year 7 11,023 5,569
NET LIABILITIES (24,234 ) (38,088 )

CAPITAL AND RESERVES
Called up share capital 8 100 -
Retained earnings (24,334 ) (38,088 )
SHAREHOLDERS' FUNDS (24,234 ) (38,088 )

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 director acknowledges his 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 director and authorised for issue on 31 January 2024 and were signed by:





R P Brown - Director


Ipswich Plant Services Ltd (Registered number: 09719489)

Notes to the Financial Statements
for the Year Ended 31 August 2023

1. STATUTORY INFORMATION

Ipswich Plant Services Ltd 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.

The accounts have been prepared on the going concern basis. The director is confident of the company's ability to trade due to the continued support of the company's bankers and undrawn directors loan account funds.

Turnover
Turnover represents the sales of goods and services, is recognised on dispatch of the goods or provision of the service and excludes value added tax.

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 etc - 25% on reducing balance and 20% on reducing balance

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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

Ipswich Plant Services Ltd (Registered number: 09719489)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2023

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 September 2022 83,527
Additions 26,300
Disposals (25,695 )
At 31 August 2023 84,132
DEPRECIATION
At 1 September 2022 42,658
Charge for year 11,048
Eliminated on disposal (20,306 )
At 31 August 2023 33,400
NET BOOK VALUE
At 31 August 2023 50,732
At 31 August 2022 40,869

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.23 31.8.22
£    £   
Trade debtors 3,660 4,680
Other debtors 1,680 1,761
5,340 6,441

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.23 31.8.22
£    £   
Hire purchase contracts 3,210 1,487
Trade creditors 32 32
Taxation and social security 1,909 1,779
Other creditors 91,948 97,122
97,099 100,420

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.8.23 31.8.22
£    £   
Hire purchase contracts 11,023 5,569

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.8.23 31.8.22
value: £    £   
100 Ordinary £1 100 -