Silverfin false false 31/12/2023 01/01/2023 31/12/2023 Timothy James Hosking 28/09/2006 David Ward 28/09/2006 26 September 2024 The principal activity of the company was that of recruitment consultants. 05949417 2023-12-31 05949417 bus:Director1 2023-12-31 05949417 bus:Director2 2023-12-31 05949417 2022-12-31 05949417 core:CurrentFinancialInstruments 2023-12-31 05949417 core:CurrentFinancialInstruments 2022-12-31 05949417 core:Non-currentFinancialInstruments 2023-12-31 05949417 core:Non-currentFinancialInstruments 2022-12-31 05949417 core:ShareCapital 2023-12-31 05949417 core:ShareCapital 2022-12-31 05949417 core:RetainedEarningsAccumulatedLosses 2023-12-31 05949417 core:RetainedEarningsAccumulatedLosses 2022-12-31 05949417 core:LandBuildings 2022-12-31 05949417 core:FurnitureFittings 2022-12-31 05949417 core:OfficeEquipment 2022-12-31 05949417 core:LandBuildings 2023-12-31 05949417 core:FurnitureFittings 2023-12-31 05949417 core:OfficeEquipment 2023-12-31 05949417 bus:OrdinaryShareClass1 2023-12-31 05949417 2023-01-01 2023-12-31 05949417 bus:FilletedAccounts 2023-01-01 2023-12-31 05949417 bus:SmallEntities 2023-01-01 2023-12-31 05949417 bus:AuditExemptWithAccountantsReport 2023-01-01 2023-12-31 05949417 bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 05949417 bus:Director1 2023-01-01 2023-12-31 05949417 bus:Director2 2023-01-01 2023-12-31 05949417 core:LandBuildings 2023-01-01 2023-12-31 05949417 core:FurnitureFittings 2023-01-01 2023-12-31 05949417 core:OfficeEquipment 2023-01-01 2023-12-31 05949417 2022-01-01 2022-12-31 05949417 core:Non-currentFinancialInstruments 2023-01-01 2023-12-31 05949417 bus:OrdinaryShareClass1 2023-01-01 2023-12-31 05949417 bus:OrdinaryShareClass1 2022-01-01 2022-12-31 iso4217:GBP xbrli:pure xbrli:shares

Company No: 05949417 (England and Wales)

IPERIUM CONSULTING LIMITED

Unaudited Financial Statements
For the financial year ended 31 December 2023
Pages for filing with the registrar

IPERIUM CONSULTING LIMITED

Unaudited Financial Statements

For the financial year ended 31 December 2023

Contents

IPERIUM CONSULTING LIMITED

STATEMENT OF FINANCIAL POSITION

As at 31 December 2023
IPERIUM CONSULTING LIMITED

STATEMENT OF FINANCIAL POSITION (continued)

As at 31 December 2023
Note 2023 2022
£ £
Fixed assets
Tangible assets 3 176,366 122,361
176,366 122,361
Current assets
Debtors 4 1,206,108 921,720
Cash at bank and in hand 31,225 58,764
1,237,333 980,484
Creditors: amounts falling due within one year 5 ( 769,936) ( 603,176)
Net current assets 467,397 377,308
Total assets less current liabilities 643,763 499,669
Creditors: amounts falling due after more than one year 6 ( 199,413) ( 271,192)
Provision for liabilities ( 3,522) ( 5,747)
Net assets 440,828 222,730
Capital and reserves
Called-up share capital 7 900 900
Profit and loss account 439,928 221,830
Total shareholder's funds 440,828 222,730

For the financial 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.

Directors' responsibilities:

The financial statements of Iperium Consulting Limited (registered number: 05949417) were approved and authorised for issue by the Board of Directors on 26 September 2024. They were signed on its behalf by:

David Ward
Director
IPERIUM CONSULTING LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 December 2023
IPERIUM CONSULTING LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 December 2023
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Iperium Consulting Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is 8 Ardent Court, William James Way, Henley-In-Arden, B95 5GF, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

The directors have assessed the Statement of Financial Position and likely future cash flows at the date of approving these financial statements. The directors have a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer. This is deemed to be when the probation period for the candidate has finished as there can be reversals up until that point. Invoices are generally raised when candidate starts in the position and therefore income is deferred in the accounts.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Statement of Financial Position date.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

Tangible fixed assets

Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended. Depreciation is provided on all tangible fixed assets, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a basis over its expected useful life, as follows:

Land and buildings 4 % reducing balance
Fixtures and fittings 10 % reducing balance
Office equipment 25 % reducing balance
Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Statement of Financial Position date. If there is objective evidence of impairment, an impairment loss is recognised in the Statement of Income and Retained Earnings as described below.

Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts, except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in creditors: amounts falling due within one year.

Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.

Provisions

Provisions are recognised when the Company has a present obligation (legal or constructive) as a result of a past event, it is probable that the Company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the Statement of Financial Position date, taking into account the risks and uncertainties surrounding the obligation. Where a provision is measured using the cash flows estimated to settle the present obligation, its carrying amount is the present value of those cash flows (when the effect of the time value of money is material).

When some or all of the economic benefits required to settle a provision are expected to be recovered from a third party, a receivable is recognised as an asset if it is virtually certain that reimbursement will be received and the amount of the receivable can be measured reliably.

Ordinary share capital

The ordinary share capital of the Company is presented as equity.

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

2. Employees

2023 2022
Number Number
Monthly average number of persons employed by the Company during the year, including directors 4 11

3. Tangible assets

Land and buildings Fixtures and fittings Office equipment Total
£ £ £ £
Cost
At 01 January 2023 200,000 47,544 46,227 293,771
Revaluations 70,000 0 0 70,000
Disposals 0 0 ( 34,257) ( 34,257)
At 31 December 2023 270,000 47,544 11,970 329,514
Accumulated depreciation
At 01 January 2023 100,000 33,962 37,448 171,410
Charge for the financial year 8,000 2,464 3,531 13,995
Disposals 0 0 ( 32,257) ( 32,257)
At 31 December 2023 108,000 36,426 8,722 153,148
Net book value
At 31 December 2023 162,000 11,118 3,248 176,366
At 31 December 2022 100,000 13,582 8,779 122,361

Revaluation of tangible assets

Freehold land was professionally valued by [name and qualification of surveyors], an independent valuer, to fair value at [date]. The Company is not allowed to pledge these assets as security for other borrowings or to sell them to another entity.

2023 2022
£ £
Historical cost 200,000 200,000
Accumulated depreciation (108,000) (100,000)
Carrying value 92,000 100,000

4. Debtors

2023 2022
£ £
Trade debtors 19,719 15,156
Amounts owed by Group undertakings 213,337 245,024
Other debtors 973,052 661,540
1,206,108 921,720

5. Creditors: amounts falling due within one year

2023 2022
£ £
Bank loans 70,920 68,863
Trade creditors 8,898 31,505
Accruals and deferred income 389,172 260,279
Taxation and social security 300,295 242,351
Other creditors 651 178
769,936 603,176

6. Creditors: amounts falling due after more than one year

2023 2022
£ £
Bank loans 199,413 271,192

There are no amounts included above in respect of which any security has been given by the small entity.

7. Called-up share capital

2023 2022
£ £
Allotted, called-up and fully-paid
900 Ordinary shares of £ 1.00 each 900 900

8. Related party transactions

Transactions with the entity's directors

2023 2022
£ £
Amounts Owed by Directors 738,230 517,873
Amounts owed to group companies 213,227 245,024

At the end of the year David Ward had an outstanding balance of £390,048 (2022: £291,234)
At the end of the year Tim Hosking had an outstanding balance of £348,182 (2022: £226,639)

The loan balances have not been repaid within 9 months of the year end and Interest of 2.5% has been charged on the overdrawn directors loan balances.