IRIS Accounts Production v24.1.0.578 08286563 director 1.12.22 30.11.23 30.11.23 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh082865632022-11-30082865632023-11-30082865632022-12-012023-11-30082865632021-11-30082865632021-12-012022-11-30082865632022-11-3008286563ns15:EnglandWales2022-12-012023-11-3008286563ns14:PoundSterling2022-12-012023-11-3008286563ns10:Director12022-12-012023-11-3008286563ns10:PrivateLimitedCompanyLtd2022-12-012023-11-3008286563ns10:SmallEntities2022-12-012023-11-3008286563ns10:AuditExempt-NoAccountantsReport2022-12-012023-11-3008286563ns10:SmallCompaniesRegimeForDirectorsReport2022-12-012023-11-3008286563ns10:SmallCompaniesRegimeForAccounts2022-12-012023-11-3008286563ns10:FullAccounts2022-12-012023-11-3008286563ns10:RegisteredOffice2022-12-012023-11-3008286563ns5:CurrentFinancialInstruments2023-11-3008286563ns5:CurrentFinancialInstruments2022-11-3008286563ns5:Non-currentFinancialInstruments2023-11-3008286563ns5:Non-currentFinancialInstruments2022-11-3008286563ns5:ShareCapital2023-11-3008286563ns5:ShareCapital2022-11-3008286563ns5:RetainedEarningsAccumulatedLosses2023-11-3008286563ns5:RetainedEarningsAccumulatedLosses2022-11-3008286563ns5:ComputerEquipment2022-12-012023-11-3008286563ns5:MotorVehicles2022-11-3008286563ns5:ComputerEquipment2022-11-3008286563ns5:MotorVehicles2022-12-012023-11-3008286563ns5:MotorVehicles2023-11-3008286563ns5:ComputerEquipment2023-11-3008286563ns5:MotorVehicles2022-11-3008286563ns5:ComputerEquipment2022-11-3008286563ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-11-3008286563ns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-11-3008286563ns5:Non-currentFinancialInstruments2022-12-012023-11-30
REGISTERED NUMBER: 08286563 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 November 2023

for

IPLUS SALES & MARKETING LIMITED

IPLUS SALES & MARKETING LIMITED (REGISTERED NUMBER: 08286563)






Contents of the Financial Statements
for the Year Ended 30 November 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


IPLUS SALES & MARKETING LIMITED

Company Information
for the Year Ended 30 November 2023







DIRECTOR: P D Coley





REGISTERED OFFICE: Suite F20 Pure Offices
Waterwells Drive
Quedgeley
Gloucestershire
GL2 2AT





REGISTERED NUMBER: 08286563 (England and Wales)





ACCOUNTANT: Grahame J Harbour Limited
1 Windrush Road
Keynsham
Bristol
Avon
BS31 1QL

IPLUS SALES & MARKETING LIMITED (REGISTERED NUMBER: 08286563)

Balance Sheet
30 November 2023

30.11.23 30.11.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 4,229 7,231

CURRENT ASSETS
Debtors 5 5,941 16,591
Cash at bank 27,649 69,371
33,590 85,962
CREDITORS
Amounts falling due within one year 6 16,373 58,216
NET CURRENT ASSETS 17,217 27,746
TOTAL ASSETS LESS CURRENT
LIABILITIES

21,446

34,977

CREDITORS
Amounts falling due after more than one
year

7

(10,500

)

(17,500

)

PROVISIONS FOR LIABILITIES - (791 )
NET ASSETS 10,946 16,686

CAPITAL AND RESERVES
Called up share capital 10 10
Retained earnings 10,936 16,676
SHAREHOLDERS' FUNDS 10,946 16,686

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 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.

IPLUS SALES & MARKETING LIMITED (REGISTERED NUMBER: 08286563)

Balance Sheet - continued
30 November 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 2 August 2024 and were signed by:





P D Coley - Director


IPLUS SALES & MARKETING LIMITED (REGISTERED NUMBER: 08286563)

Notes to the Financial Statements
for the Year Ended 30 November 2023

1. STATUTORY INFORMATION

Iplus Sales & Marketing 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
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.

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

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2022 - 4 ) .

IPLUS SALES & MARKETING LIMITED (REGISTERED NUMBER: 08286563)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2023

4. TANGIBLE FIXED ASSETS
Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 December 2022 13,000 4,137 17,137
Disposals - (125 ) (125 )
At 30 November 2023 13,000 4,012 17,012
DEPRECIATION
At 1 December 2022 6,889 3,017 9,906
Charge for year 2,666 211 2,877
At 30 November 2023 9,555 3,228 12,783
NET BOOK VALUE
At 30 November 2023 3,445 784 4,229
At 30 November 2022 6,111 1,120 7,231

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.11.22
£    £   
Trade debtors 5,900 15,966
Other debtors 41 625
5,941 16,591

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.11.22
£    £   
Bank loans and overdrafts 7,000 7,000
Trade creditors 368 2,262
Taxation and social security 8,505 12,995
Other creditors 500 35,959
16,373 58,216

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.11.23 30.11.22
£    £   
Bank loans 10,500 17,500

During 2020 the company received a Government-backed loan of £35,000. The term of the loan is five years at an interest rate of 2%.