1 January 2023 false No description of principal activity Taxfiler 2024.5 NI041856business:PrivateLimitedCompanyLtd2023-01-012023-12-31 NI0418562022-12-31 NI0418562023-01-012023-12-31 NI041856business:AuditExemptWithAccountantsReport2023-01-012023-12-31 NI041856business:FilletedAccounts2023-01-012023-12-31 NI0418562023-12-31 NI041856business:Director12023-01-012023-12-31 NI041856business:Director22023-01-012023-12-31 NI041856business:Director32023-01-012023-12-31 NI041856business:RegisteredOffice2023-01-012023-12-31 NI0418562022-12-31 NI041856core:WithinOneYear2023-12-31 NI041856core:WithinOneYear2022-12-31 NI041856core:ShareCapitalcore:PreviouslyStatedAmount2023-12-31 NI041856core:ShareCapitalcore:PreviouslyStatedAmount2022-12-31 NI041856core:SharePremiumcore:PreviouslyStatedAmount2023-12-31 NI041856core:SharePremiumcore:PreviouslyStatedAmount2022-12-31 NI041856core:CapitalRedemptionReservecore:PreviouslyStatedAmount2023-12-31 NI041856core:CapitalRedemptionReservecore:PreviouslyStatedAmount2022-12-31 NI041856core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-12-31 NI041856core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2022-12-31 NI041856core:PreviouslyStatedAmount2023-12-31 NI041856core:PreviouslyStatedAmount2022-12-31 NI041856business:SmallEntities2023-01-012023-12-31 NI041856countries:NorthernIreland2023-01-012023-12-31 NI041856core:ComputerEquipment2023-01-012023-12-31 NI041856core:ComputerEquipment2022-12-31 NI041856core:ComputerEquipment2023-12-31 NI041856core:AfterOneYear2023-12-31 NI041856core:AfterOneYear2022-12-31 NI041856business:OrdinaryShareClass12023-01-012023-12-31 NI041856business:OrdinaryShareClass12022-01-012022-12-31 NI041856business:OrdinaryShareClass22023-01-012023-12-31 NI041856business:OrdinaryShareClass22022-01-012022-12-31 NI041856business:AllOrdinaryShares2023-01-012023-12-31 NI041856business:AllOrdinaryShares2022-01-012022-12-31 NI0418562022-01-012022-12-31 iso4217:GBP xbrli:shares xbrli:pure
Company Registration No. NI041856 (Northern Ireland)
IRP Commerce Limited Unaudited accounts for the year ended 31 December 2023
IRP Commerce Limited Unaudited accounts Contents
Page
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IRP Commerce Limited Company Information for the year ended 31 December 2023
Directors
Daniel Loughlin William Bailie Caroline Greer
Company Number
NI041856 (Northern Ireland)
Registered Office
CONCOURSE BUILDING 3 CATALYST INC QUEENS ROAD BELFAST COUNTY ANTRIM BT3 9DT
Accountants
Nuvem 9 Ltd The Mount Business Centre Woodstock Link Belfast County Antrim BT6 8DD
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IRP Commerce Limited Statement of financial position as at 31 December 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
23,413 
27,530 
Current assets
Debtors
612,838 
806,984 
Cash at bank and in hand
502,418 
459,819 
1,115,256 
1,266,803 
Creditors: amounts falling due within one year
(425,885)
(383,344)
Net current assets
689,371 
883,459 
Net assets
712,784 
910,989 
Capital and reserves
Called up share capital
100 
100 
Share premium
10,022 
10,022 
Capital redemption reserve
5 
5 
Profit and loss account
702,657 
900,862 
Shareholders' funds
712,784 
910,989 
For the year ending 31 December 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 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 of Directors and authorised for issue on 11 June 2024 and were signed on its behalf by
Daniel Loughlin Director Company Registration No. NI041856
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IRP Commerce Limited Notes to the Accounts for the year ended 31 December 2023
1
Statutory information
IRP Commerce Limited is a private company, limited by shares, registered in Northern Ireland, registration number NI041856. The registered office is CONCOURSE BUILDING 3 CATALYST INC, QUEENS ROAD, BELFAST, COUNTY ANTRIM, BT3 9DT.
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
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
15% Reducing Balance
4
Tangible fixed assets
Computer equipment 
£ 
Cost or valuation
At cost 
At 1 January 2023
138,757 
Additions
1,431 
At 31 December 2023
140,188 
Depreciation
At 1 January 2023
111,227 
Charge for the year
5,548 
At 31 December 2023
116,775 
Net book value
At 31 December 2023
23,413 
At 31 December 2022
27,530 
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IRP Commerce Limited Notes to the Accounts for the year ended 31 December 2023
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
97,516 
300,518 
Deferred tax asset
25,165 
Accrued income and prepayments
278,375 
288,685 
Other debtors
108,170 
192,616 
484,061 
806,984 
Amounts falling due after more than one year
Trade debtors
128,777 
- 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
VAT
28,865 
28,463 
Trade creditors
187,008 
198,564 
Taxes and social security
49,165 
21,550 
Other creditors
1,524 
2,876 
Accruals
159,323 
131,891 
425,885 
383,344 
7
Share capital
2023 
2022 
£ 
£ 
Allotted, called up and fully paid:
9,851 Ordinary shares of £0.01 each
98.51 
98.51 
202 Ordinary A shares of £0.01 each
2.02 
2.02 
100.53 
100.53 
8
Average number of employees
During the year the average number of employees was 14 (2022: 14).
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