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REGISTERED NUMBER: 10548093 (England and Wales)




















Unaudited Financial Statements

for the Year Ended 31 January 2024

for

IPC Associates Limited

IPC Associates Limited (Registered number: 10548093)






Contents of the Financial Statements
for the Year Ended 31 January 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


IPC Associates Limited

Company Information
for the Year Ended 31 January 2024







DIRECTORS: Mrs J Court
Mr I P Court





SECRETARY: Mrs J Court





REGISTERED OFFICE: 3 Trienna
Orton Longueville
Peterborough
PE2 7ZW





REGISTERED NUMBER: 10548093 (England and Wales)





ACCOUNTANTS: Clifford Roberts
63 Broad Green
Wellingborough
Northamptonshire
NN8 4LQ

IPC Associates Limited (Registered number: 10548093)

Balance Sheet
31 January 2024

2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible assets 4 4,518 6,265

CURRENT ASSETS
Debtors 5 42,238 9,295
Cash at bank 4,822 8,526
47,060 17,821
CREDITORS
Amounts falling due within one year 6 47,692 19,800
NET CURRENT LIABILITIES (632 ) (1,979 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

3,886

4,286

PROVISIONS FOR LIABILITIES 1,130 1,566
NET ASSETS 2,756 2,720

CAPITAL AND RESERVES
Called up share capital 200 200
Retained earnings 2,556 2,520
2,756 2,720

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

IPC Associates Limited (Registered number: 10548093)

Balance Sheet - continued
31 January 2024


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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 12 August 2024 and were signed on its behalf by:





Mr I P Court - Director


IPC Associates Limited (Registered number: 10548093)

Notes to the Financial Statements
for the Year Ended 31 January 2024

1. STATUTORY INFORMATION

IPC Associates 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.

Revenue
Turnover represents net invoices sale of goods and services, excluding 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 cost

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 2 (2023 - 2 ) .

IPC Associates Limited (Registered number: 10548093)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2024

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£
COST
At 1 February 2023 31,181
Additions 2,202
At 31 January 2024 33,383
DEPRECIATION
At 1 February 2023 24,916
Charge for year 3,949
At 31 January 2024 28,865
NET BOOK VALUE
At 31 January 2024 4,518
At 31 January 2023 6,265

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Trade debtors 18,720 4,080
Other debtors 23,518 5,215
42,238 9,295

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Taxation and social security 20,742 17,850
Other creditors 26,950 1,950
47,692 19,800

7. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 January 2024 and 31 January 2023:

2024 2023
£ £
Mr I P Court and Mrs J Court
Balance outstanding at start of year 4,941 11,421
Amounts advanced 62,552 78,011
Amounts repaid (43,975 ) (84,491 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 23,518 4,941

IPC Associates Limited (Registered number: 10548093)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2024

7. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES - continued

The directors' overdrawn loan account is interest bearing and was repaid in full within 9 months of the company's financial year end.