07080421falsethe installation and maintenance of security and fire alarms2022-12-012023-11-30http://www.companieshouse.gov.uk/2022-11-30http://www.companieshouse.gov.uk/pt:PlantMachinery2022-11-30http://www.companieshouse.gov.uk/pt:ShareCapital2022-11-30http://www.companieshouse.gov.uk/cd:Director12022-12-012023-11-30http://www.companieshouse.gov.uk/pt:PlantMachinery2023-11-30http://www.companieshouse.gov.uk/pt:ShareCapital2023-11-30http://www.companieshouse.gov.uk/cd:Director22022-12-012023-11-30http://www.companieshouse.gov.uk/pt:FurnitureFittings2022-11-30http://www.companieshouse.gov.uk/cd:Director32022-12-012023-11-30http://www.companieshouse.gov.uk/pt:FurnitureFittings2023-11-30http://www.companieshouse.gov.uk/cd:Director42022-12-012023-11-30http://www.companieshouse.gov.uk/cd:RegisteredOffice2022-12-012023-11-30http://www.companieshouse.gov.uk/cd:OrdinaryShareClass22022-12-012023-11-30http://www.companieshouse.gov.uk/pt:NetGoodwill2022-11-30http://www.companieshouse.gov.uk/cd:OrdinaryShareClass32022-12-012023-11-30http://www.companieshouse.gov.uk/pt:NetGoodwill2023-11-30http://www.companieshouse.gov.uk/cd:AuditExemptWithAccountantsReport2022-12-012023-11-30http://www.companieshouse.gov.uk/pt:CurrentFinancialInstruments2023-11-30http://www.companieshouse.gov.uk/pt:NetGoodwill2022-12-012023-11-30http://www.companieshouse.gov.uk/pt:CurrentFinancialInstruments2022-11-30http://www.companieshouse.gov.uk/2022-12-012023-11-30http://www.companieshouse.gov.uk/2022-11-30http://www.companieshouse.gov.uk/cd:FRS1022022-12-012023-11-30http://www.companieshouse.gov.uk/2023-11-30http://www.companieshouse.gov.uk/cd:FullAccounts2022-12-012023-11-30http://www.companieshouse.gov.uk/cd:PrivateLimitedCompanyLtd2022-12-012023-11-30iso4217:GBPxbrli:sharesxbrli:pure
Registered number: 07080421

IP Fire & Security Limited

UNAUDITED ACCOUNTS
FOR THE YEAR ENDED 30 NOVEMBER 2023

Prepared By:
Lever Bros & Co
Chartered Accountants
First Floor, 690 Great West Road
Osterley Village
Isleworth
TW7 4PU

IP Fire & Security Limited

ACCOUNTS
FOR THE YEAR ENDED 30 NOVEMBER 2023
DIRECTORS
P H Thistlethwaite
I L Dickinson
S A Kelly
S Rodway
REGISTERED OFFICE
First Floor 690 Great West Road
Osterley Village
Isleworth
TW7 4PU
COMPANY DETAILS
Private company limited by shares registered in EW - England and Wales, registered number 07080421
ACCOUNTANTS
Lever Bros & Co
Chartered Accountants
First Floor, 690 Great West Road
Osterley Village
Isleworth
TW7 4PU

IP Fire & Security Limited

ACCOUNTS
FOR THEYEARENDED30 NOVEMBER 2023
CONTENTS
Page
Directors' Report-
Accountants' Report-
Statement Of Comprehensive Income-
Balance Sheet3
Notes To The Accounts4
The following do not form part of the statutory financial statements:
Trading And Profit And Loss Account-
Profit And Loss Account Summaries-

IP Fire & Security Limited

BALANCE SHEET AT 30 November 2023
20232022
Notes££
FIXED ASSETS
Intangible assets272,30096,400
Tangible assets35,6227,249
77,922103,649
CURRENT ASSETS
Stock429,47029,462
Debtors5112,14698,438
Cash at bank and in hand439,858439,961
581,474567,861
CREDITORS: Amounts falling due within one year6168,082175,727
NET CURRENT ASSETS413,392392,134
TOTAL ASSETS LESS CURRENT LIABILITIES491,314495,783
CAPITAL AND RESERVES
Called up share capital8300300
Profit and loss account491,014495,483
SHAREHOLDERS' FUNDS491,314495,783
For the year ending 30 November 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 directors acknowledge their 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.
The directors have decided not to deliver to the registrar a copy of the company's profit and loss account.
Approved by the board on 15 August 2024 and signed on their behalf by
.............................
I L Dickinson
Director

IP Fire & Security Limited

NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 30 NOVEMBER 2023
1. ACCOUNTING POLICIES
1a. Basis Of Accounting
The accounts have been prepared under the historical cost convention.
The accounts have been prepared in accordance with FRS102 - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 .
1b. Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
Plant and Machineryreducing balance 25%
Fixtures and Fittingsreducing balance 15%
1c. Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell (net realisable value). Costs, which comprise direct production costs, are based on the method most appropriate to the type of inventory class, but usually on a first-in-first-out basis. Overheads are charged to profit or loss as incurred. Net realisable value is based on the estimated selling price less any estimated completion or selling costs.
When stocks are sold, the carrying amount of those stocks is recognised as an expense in the period in which the related revenue is recognised. The amount of any write-down of stocks to net realisable value and all losses of stocks are recognised as an expense in the period in which the write-down or loss occurs. The amount of any reversal of any write-down of stocks is recognised as a reduction in the amount of stocks recognised as an expense in the period in which the reversal occurs.
1d. Taxation
Taxation represents the sum of tax currently payable and deferred tax. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period. Deferred tax is recognised on all timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period.
1e. Pension Costs
The company operates a defined contribution pension scheme. The pension charge represents the amounts payable by the company to the fund in respect of the year.
1f. Turnover
Turnover is derived from installation and maintenance of security and fire alarms services supplied by the company, net of value added tax and trade discounts and is recognised when services are rendered.
1g. Goodwill
Goodwill arising in connection with the acquisition of businesses is capitalised and amortised over its estimated economic life to a maximum of 10 years. Goodwill is reviewed annually for impairment if events or changes in circumstances indicate that the carrying value may not be recoverable.
1h. Statutory Information
IP Fire & Security Limited is a private company, limited by shares, incorporated in England and Wales. The company's registered number is 07080421 and registered office address is First Floor 690 Great West Road, Osterley Village, Isleworth, United Kingdom, TW7 4PU.

IP Fire & Security Limited

1i. Financial Instruments
The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments.
2. INTANGIBLE FIXED ASSETS
Purchased
GoodwillTotal
££
Cost
At 1 December 2022241,000241,000
At 30 November 2023241,000241,000
Depreciation
At 1 December 2022144,600144,600
For the year24,10024,100
At 30 November 2023168,700168,700
Net Book Amounts
At 30 November 202372,30072,300
At 30 November 202296,40096,400
3. TANGIBLE FIXED ASSETS
Plant andFixtures
Machineryand FittingsTotal
£££
Cost
At 1 December 202221,6438,49330,136
At 30 November 202321,6438,49330,136
Depreciation
At 1 December 202218,7904,09722,887
For the year7139141,627
At 30 November 202319,5035,01124,514
Net Book Amounts
At 30 November 20232,1403,4825,622
At 30 November 20222,8534,3967,249
4. STOCK 20232022
££
Stock comprises:
Stock29,47029,462
29,47029,462

IP Fire & Security Limited

5. DEBTORS 20232022
££
Amounts falling due within one year
Trade debtors108,84995,523
Salaries and wages control382-
Prepayments2,9152,915
112,14698,438
6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
20232022
££
Taxation and social security105,93291,647
Salaries and wages control-133
Trade creditors58,72280,192
Pension schemes9841,281
Accruals2,4442,474
168,082175,727
7. EMPLOYEES
20232022
No.No.
Average number of employees1112
8. SHARE CAPITAL 20232022
££
Allotted, issued and fully paid:
75 A Ordinary shares of £1.00 each7575
75 B Ordinary shares of £1.00 each7575
75 C Ordinary shares of £1.00 each7575
75 D Ordinary shares of £1.00 each7575
300300