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REGISTERED NUMBER: 04332346 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2023

for

International Business Products Ltd

International Business Products Ltd (Registered number: 04332346)






Contents of the Financial Statements
for the Year Ended 31 December 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


International Business Products Ltd

Company Information
for the Year Ended 31 December 2023







DIRECTORS: A Ratcliffe
Ms H Jarvis
Mrs H J Ratcliffe
A A Ratcliffe





SECRETARY: A Ratcliffe





REGISTERED OFFICE: 6 New Field Court
Westhoughton
BL5 3SA





REGISTERED NUMBER: 04332346 (England and Wales)





ACCOUNTANTS: Bloomfield's Accountants
Bloomfield Court
76 Factory Street West
Atherton
Manchester
Greater Manchester
M46 0EF

International Business Products Ltd (Registered number: 04332346)

Balance Sheet
31 December 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 449,504 238

CURRENT ASSETS
Debtors 5 11,287 15,071
Cash at bank and in hand 1,721 621,016
13,008 636,087
CREDITORS
Amounts falling due within one year 6 422,321 499,853
NET CURRENT (LIABILITIES)/ASSETS (409,313 ) 136,234
TOTAL ASSETS LESS CURRENT
LIABILITIES

40,191

136,472

CREDITORS
Amounts falling due after more than
one year

7

22,157

29,055
NET ASSETS 18,034 107,417

CAPITAL AND RESERVES
Called up share capital 60,000 60,000
Retained earnings (41,966 ) 47,417
SHAREHOLDERS' FUNDS 18,034 107,417

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

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 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.

International Business Products Ltd (Registered number: 04332346)

Balance Sheet - continued
31 December 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 Board of Directors and authorised for issue on 3 July 2024 and were signed on its behalf by:





A Ratcliffe - Director


International Business Products Ltd (Registered number: 04332346)

Notes to the Financial Statements
for the Year Ended 31 December 2023

1. STATUTORY INFORMATION

International Business Products Ltd 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.

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.

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 - 5 ) .

International Business Products Ltd (Registered number: 04332346)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 January 2023 - 12,657 12,657
Additions 749,972 - 749,972
Disposals (300,468 ) - (300,468 )
At 31 December 2023 449,504 12,657 462,161
DEPRECIATION
At 1 January 2023 - 12,419 12,419
Charge for year - 238 238
At 31 December 2023 - 12,657 12,657
NET BOOK VALUE
At 31 December 2023 449,504 - 449,504
At 31 December 2022 - 238 238

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade debtors 11,287 5,450
Other debtors - 9,621
11,287 15,071

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade creditors 82,151 90,939
Taxation and social security 27,476 17,850
Other creditors 312,694 391,064
422,321 499,853

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
31.12.23 31.12.22
£    £   
Bank loans 22,157 29,055

International Business Products Ltd (Registered number: 04332346)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR - continued
31.12.23 31.12.22
£    £   
Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 22,157 29,055