Company Registration No. 09768824 (England and Wales)
IP AGENCY LTD.
Unaudited accounts
for the year ended 30 September 2023
IP AGENCY LTD.
Unaudited accounts
Contents
IP AGENCY LTD.
Company Information
for the year ended 30 September 2023
Company Number
09768824 (England and Wales)
Registered Office
56 - 58 Broadwick Street
LONDON
W1F 7AL
Accountants
CASA Accountancy & Bookkeeping Ltd
17 Lipizzaner Fields
Whiteley
Fareham
Hampshire
PO15 7BH
IP AGENCY LTD.
Statement of financial position
as at 30 September 2023
Tangible assets
5,638
1,331
Cash at bank and in hand
4,103
52,913
Creditors: amounts falling due within one year
(318,079)
(145,850)
Net current assets
44,184
91,332
Total assets less current liabilities
82,822
92,663
Creditors: amounts falling due after more than one year
(60,500)
(80,667)
Called up share capital
100
100
Profit and loss account
22,222
11,896
Shareholders' funds
22,322
11,996
For the year ending 30 September 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 in accordance with section 476 of the Companies Act 2006.
The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 24 April 2024 and were signed on its behalf by
Jack Freud
Director
Company Registration No. 09768824
IP AGENCY LTD.
Notes to the Accounts
for the year ended 30 September 2023
IP AGENCY LTD. is a private company, limited by shares, registered in England and Wales, registration number 09768824. The registered office is 56 - 58 Broadwick Street, LONDON, W1F 7AL.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Computer equipment
25% Straight Line
4
Tangible fixed assets
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 October 2022
-
1,331
1,331
At 30 September 2023
458
5,513
5,971
Charge for the year
-
333
333
At 30 September 2023
-
333
333
At 30 September 2023
458
5,180
5,638
At 30 September 2022
-
1,331
1,331
IP AGENCY LTD.
Notes to the Accounts
for the year ended 30 September 2023
5
Investments
Other investments
Valuation at 1 October 2022
-
Valuation at 30 September 2023
33,000
Amounts falling due within one year
Trade debtors
122,810
84,287
Other debtors
235,350
99,982
7
Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
146,535
-
Trade creditors
10,228
13,398
Taxes and social security
132,457
118,820
Loans from directors
(10,000)
(10,000)
8
Creditors: amounts falling due after more than one year
2023
2022
9
Average number of employees
During the year the average number of employees was 5 (2022: 5).