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REGISTERED NUMBER: 03636323 (England and Wales)















I P Marketing Limited

Unaudited Financial Statements

for the year ended

31 May 2024






I P Marketing Limited (Registered number: 03636323)

Contents of the Financial Statements
for the year ended 31 May 2024










Page

Company Information 1

Balance Sheet 2 to 3

Notes to the Financial Statements 4 to 7

Chartered Accountants' Report 8

I P Marketing Limited

Company Information
for the year ended 31 May 2024







DIRECTORS: I G Hunneybell
Mrs J M Hunneybell





SECRETARY: N P Kingsley





REGISTERED OFFICE: Unit 8, Hopper Way
Diss Business Park
Diss
Norfolk
IP22 4GT





REGISTERED NUMBER: 03636323 (England and Wales)





ACCOUNTANTS: Haines Watts
8 Hopper Way
Diss
Norfolk
IP22 4GT

I P Marketing Limited (Registered number: 03636323)

Balance Sheet
31 May 2024

2024 2023
Notes £    £   
FIXED ASSETS
Intangible assets 4 593 2,028
Tangible assets 5 1,913 2,669
2,506 4,697

CURRENT ASSETS
Debtors 6 922 1,264
Cash at bank 26,342 1,065
27,264 2,329
CREDITORS
Amounts falling due within one year 7 (2,524 ) (60,727 )
NET CURRENT ASSETS/(LIABILITIES) 24,740 (58,398 )
TOTAL ASSETS LESS CURRENT LIABILITIES 27,246 (53,701 )

CAPITAL AND RESERVES
Called up share capital 8 6 6
Retained earnings 27,240 (53,707 )
SHAREHOLDERS' FUNDS 27,246 (53,701 )

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 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.

I P Marketing Limited (Registered number: 03636323)

Balance Sheet - continued
31 May 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 2 October 2024 and were signed on its behalf by:





I G Hunneybell - Director


I P Marketing Limited (Registered number: 03636323)

Notes to the Financial Statements
for the year ended 31 May 2024


1. STATUTORY INFORMATION

I P Marketing 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Patents and licences are being amortised evenly over their estimated useful life of ten years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Office equipment - 15% on reducing balance
Fixtures and fittings - 15% on reducing balance
Computer equipment - 33% on cost

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.


I P Marketing Limited (Registered number: 03636323)

Notes to the Financial Statements - continued
for the year ended 31 May 2024


2. ACCOUNTING POLICIES - continued
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 2 (2023 - 2 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 June 2023
and 31 May 2024 42,449
AMORTISATION
At 1 June 2023 40,421
Charge for year 1,435
At 31 May 2024 41,856
NET BOOK VALUE
At 31 May 2024 593
At 31 May 2023 2,028

I P Marketing Limited (Registered number: 03636323)

Notes to the Financial Statements - continued
for the year ended 31 May 2024


5. TANGIBLE FIXED ASSETS
Fixtures
Office and Computer
equipment fittings equipment Totals
£    £    £    £   
COST
At 1 June 2023
and 31 May 2024 3,902 1,271 28,216 33,389
DEPRECIATION
At 1 June 2023 2,770 1,223 26,727 30,720
Charge for year 170 7 579 756
At 31 May 2024 2,940 1,230 27,306 31,476
NET BOOK VALUE
At 31 May 2024 962 41 910 1,913
At 31 May 2023 1,132 48 1,489 2,669

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 922 1,264

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 501 528
Other creditors 2,023 60,199
2,524 60,727

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
4 Ordinary A £1 4 4
2 Ordinary B £1 2 2
6 6

I P Marketing Limited (Registered number: 03636323)

Notes to the Financial Statements - continued
for the year ended 31 May 2024


9. RELATED PARTY DISCLOSURES

At the year end the company owes a director £886 (2023 - £59,413) relating to an interest free loan with no set repayment terms.

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
I P Marketing Limited


The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Statement of Comprehensive Income and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of I P Marketing Limited for the year ended 31 May 2024 which comprise the Income Statement, Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of I P Marketing Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of I P Marketing Limited and state those matters that we have agreed to state to the Board of Directors of I P Marketing Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than I P Marketing Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that I P Marketing Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of I P Marketing Limited. You consider that I P Marketing Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of I P Marketing Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Haines Watts
8 Hopper Way
Diss
Norfolk
IP22 4GT


2 October 2024