2023-01-01 05398581 2023-12-31 05398581 2023-01-01 2023-12-31 05398581 2022-12-31 05398581 2022-01-01 2022-12-31 05398581 uk-core:WithinOneYear uk-bus:Original 2022-12-31 05398581 uk-core:WithinOneYear uk-bus:Original 2023-12-31 05398581 uk-core:ShareCapital uk-bus:Original 2023-12-31 05398581 uk-core:ShareCapital uk-bus:Original 2022-12-31 05398581 uk-core:RetainedEarningsAccumulatedLosses uk-bus:Original 2023-12-31 05398581 uk-core:RetainedEarningsAccumulatedLosses uk-bus:Original 2022-12-31 05398581 uk-bus:Director1 uk-bus:Original 2023-01-01 2023-12-31 05398581 uk-core:ToolsEquipment uk-bus:Original 2023-01-01 2023-12-31 05398581 uk-core:CommercialMotorVehicles uk-bus:Original 2023-01-01 2023-12-31 05398581 uk-core:FurnitureFittings uk-bus:Original 2023-01-01 2023-12-31 05398581 uk-core:ToolsEquipment uk-bus:Original 2022-12-31 05398581 uk-core:FurnitureFittings uk-bus:Original 2022-12-31 05398581 uk-core:FurnitureFittings uk-bus:Original 2023-12-31 05398581 uk-core:ToolsEquipment uk-bus:Original 2023-12-31 iso4217:GBP xbrli:pure 05398581 uk-bus:AuditExemptWithAccountantsReport uk-bus:Original 2023-01-01 2023-12-31 05398581 uk-bus:FRS102 uk-bus:Original 2023-01-01 2023-12-31 05398581 uk-bus:FilletedAccounts uk-bus:Original 2023-01-01 2023-12-31 05398581 uk-bus:PrivateLimitedCompanyLtd uk-bus:Original 2023-01-01 2023-12-31
IAP(UK) Ltd.
Registered Number:05398581
For the year ended 31 December 2023
England and Wales
Unaudited Financial Statements
2
For the year ended 31 December 2023
IAP(UK) Ltd.
Contents Page
1
Statement of Financial Position
2 to 3
Notes to the Financial Statements
3
Registered Number :
05398581
As at 31 December 2023
IAP(UK) Ltd.
Statement of Financial Position
£
£
2022
2023
Notes
Fixed assets
Property, plant and equipment
1,689
2,252
2
1,689
2,252
Current assets
Trade and other receivables
40,617
38,573
3
27,973
Cash and cash equivalents
35,983
74,556
68,590
Trade and other payables: amounts falling due within one
year
(68,378)
(73,401)
4
212
1,155
Net current assets
Total assets less current liabilities
2,844
2,464
2,844
Net assets
2,464
Capital and reserves
Called up share capital
100
100
Retained earnings
2,744
2,364
2,844
2,464
Shareholders' funds
For the year ended 31 December 2023 the company was entitled to exemption from audit under Section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 in accordance with Section 476 of the Companies Act 2006
The director acknowledges his responsibilities for:a) ensuring that the company keeps proper 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 Section
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.
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
Mr. M. Hurley Director
These financial statements were approved and authorised for issue by the Board on 02 March 2024 and were signed by:
The notes form part of these financial statements
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4
For the year ended 31 December 2023
IAP(UK) Ltd.
Notes to the Financial Statements
Statutory Information
IAP(UK) Ltd. is a private limited company, limited by shares, domiciled in England and Wales, registration number
05398581.
Principal place of business:
Unit 6, Bowling Hill Business Park
Quarry Road
Chipping Sodbury
Bristol
BS37 6JL
Registered address:
33 Hopps Road
Kingswood
Bristol
BS15 9QQ
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial
Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the
Companies Act 2006. The financial statements have been prepared under the historical costs convention as
modified by the revaluation of certain assets.
Revenue recognition
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Property, plant and equipment
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
25% Reducing balance
Computer equipment
25% Reducing balance
Motor vehicles
25% Reducing balance
Fixtures and fittings
Government grants
Government grants received are credited to deferred income. Grants towards capital expenditure are released to the profit and loss account over the expected useful life of the assets. Grants received towards revenue expenditure are released to the profit and loss account as the related expenditure is incurred.
Hire purchase and leasing commitments
Rentals payable under operating leases are charged against income on a straight line basis over the lease term.
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5
For the year ended 31 December 2023
IAP(UK) Ltd.
Notes to the Financial Statements Continued
2. Property, plant and equipment
Total
Computer
equipment
Fixtures and
fittings
£
£
£
Cost or
valuation
At 01 January 2023
42,014
5,572
36,442
At 31 December 2023
36,442
5,572
42,014
Provision for depreciation and impairment
At 01 January 2023
39,762
5,480
34,282
Charge for year
563
23
540
At 31 December 2023
40,325
5,503
34,822
At 31 December 2023
Net book value
1,620
69
1,689
At 31 December 2022
2,160
92
2,252
3. Trade and other receivables
2022
2023
£
£
Trade debtors
38,573
40,617
4. Trade and other payables: amounts falling due within one year
2022
2023
£
£
Trade creditors
12,991
12,537
Taxation and social security
30,518
21,486
Other creditors
29,892
34,355
73,401
68,378
5. Average number of persons employed
During the year the average number of employees was 4 (2022 : 4)
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