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REGISTERED NUMBER: 02620408 (England and Wales)





















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2023

FOR

IMPROVING PERFORMANCE IN PRACTICE
(IPIP) LIMITED

IMPROVING PERFORMANCE IN PRACTICE
(IPIP) LIMITED (REGISTERED NUMBER: 02620408)






CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 31 July 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


IMPROVING PERFORMANCE IN PRACTICE
(IPIP) LIMITED

COMPANY INFORMATION
for the year ended 31 July 2023







DIRECTOR: Ms H Wareing





REGISTERED OFFICE: Number One
16a - 18a Market Place
Warwick
Warwickshire
CV34 4SL





REGISTERED NUMBER: 02620408 (England and Wales)





ACCOUNTANTS: Dafferns LLP
Chartered Accountants
One Eastwood
Harry Weston Road
Binley Business Park
Coventry
CV3 2UB

IMPROVING PERFORMANCE IN PRACTICE
(IPIP) LIMITED (REGISTERED NUMBER: 02620408)

BALANCE SHEET
31 July 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 40,000 45,000
Tangible assets 5 463,080 432,753
503,080 477,753

CURRENT ASSETS
Debtors 6 202,290 174,528
Cash at bank 129,655 253,951
331,945 428,479
CREDITORS
Amounts falling due within one year 7 351,498 359,442
NET CURRENT (LIABILITIES)/ASSETS (19,553 ) 69,037
TOTAL ASSETS LESS CURRENT
LIABILITIES

483,527

546,790

CREDITORS
Amounts falling due after more than one
year

8

91,588

109,994
NET ASSETS 391,939 436,796

CAPITAL AND RESERVES
Called up share capital 45 45
Share premium 29,970 29,970
Capital redemption reserve 15,090 15,090
Retained earnings 346,834 391,691
SHAREHOLDERS' FUNDS 391,939 436,796

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

IMPROVING PERFORMANCE IN PRACTICE
(IPIP) LIMITED (REGISTERED NUMBER: 02620408)

BALANCE SHEET - continued
31 July 2023


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 21 March 2024 and were signed by:





Ms H Wareing - Director


IMPROVING PERFORMANCE IN PRACTICE
(IPIP) LIMITED (REGISTERED NUMBER: 02620408)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 31 July 2023

1. STATUTORY INFORMATION

Improving Performance in Practice (iPiP) 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 0, is being amortised evenly over its estimated useful life of nil 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.
Land and buildings - Straight line over period of lease
Plant and machinery etc - 25% on reducing balance and 15% 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.

IMPROVING PERFORMANCE IN PRACTICE
(IPIP) LIMITED (REGISTERED NUMBER: 02620408)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 July 2023

2. ACCOUNTING POLICIES - continued

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the company in an independently administered fund. Contributions payable for the year are charged in the profit and loss account.

Debtors and creditors receivable / payable within one year
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from the impairment are recognised in the profit and loss account in other administrative expenses.

3. EMPLOYEES AND DIRECTORS

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

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 August 2022
and 31 July 2023 50,000
AMORTISATION
At 1 August 2022 5,000
Charge for year 5,000
At 31 July 2023 10,000
NET BOOK VALUE
At 31 July 2023 40,000
At 31 July 2022 45,000

IMPROVING PERFORMANCE IN PRACTICE
(IPIP) LIMITED (REGISTERED NUMBER: 02620408)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 July 2023

5. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 August 2022 431,430 114,927 546,357
Additions 33,000 803 33,803
At 31 July 2023 464,430 115,730 580,160
DEPRECIATION
At 1 August 2022 8,024 105,580 113,604
Charge for year 1,003 2,473 3,476
At 31 July 2023 9,027 108,053 117,080
NET BOOK VALUE
At 31 July 2023 455,403 7,677 463,080
At 31 July 2022 423,406 9,347 432,753

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 122,779 107,624
Other debtors 79,511 66,904
202,290 174,528

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 20,015 20,000
Trade creditors 19,586 30,740
Tax 6,651 44,078
Social security and other taxes 739 594
VAT 16,659 32,998
Directors' current accounts 3,492 3,492
Accrued expenses and deferred income 284,356 227,540
351,498 359,442

IMPROVING PERFORMANCE IN PRACTICE
(IPIP) LIMITED (REGISTERED NUMBER: 02620408)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 July 2023

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Government loan due > 1 year 10,000 10,000
Bank loans - 2-5 years 40,000 40,000
Government loan due 2-5 years 13,333 23,333
Bank loans over 5 years 28,255 36,661
91,588 109,994

Amounts falling due in more than five years:

Repayable by instalments
Bank loans over 5 years 28,255 36,661