IRIS Accounts Production v24.3.0.553 03707343 director 1.2.23 31.1.24 31.1.24 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh037073432023-01-31037073432024-01-31037073432023-02-012024-01-31037073432022-01-31037073432022-02-012023-01-31037073432023-01-3103707343ns15:EnglandWales2023-02-012024-01-3103707343ns14:PoundSterling2023-02-012024-01-3103707343ns10:Director12023-02-012024-01-3103707343ns10:PrivateLimitedCompanyLtd2023-02-012024-01-3103707343ns10:SmallEntities2023-02-012024-01-3103707343ns10:AuditExempt-NoAccountantsReport2023-02-012024-01-3103707343ns10:SmallCompaniesRegimeForDirectorsReport2023-02-012024-01-3103707343ns10:SmallCompaniesRegimeForAccounts2023-02-012024-01-3103707343ns10:FullAccounts2023-02-012024-01-3103707343ns10:CompanySecretary12023-02-012024-01-3103707343ns10:RegisteredOffice2023-02-012024-01-3103707343ns5:CurrentFinancialInstruments2024-01-3103707343ns5:CurrentFinancialInstruments2023-01-3103707343ns5:ShareCapital2024-01-3103707343ns5:ShareCapital2023-01-3103707343ns5:RetainedEarningsAccumulatedLosses2024-01-3103707343ns5:RetainedEarningsAccumulatedLosses2023-01-3103707343ns5:PlantMachinery2023-02-012024-01-3103707343ns5:FurnitureFittings2023-02-012024-01-3103707343ns5:MotorVehicles2023-02-012024-01-3103707343ns5:ComputerEquipment2023-02-012024-01-3103707343ns5:PlantMachinery2023-01-3103707343ns5:FurnitureFittings2023-01-3103707343ns5:MotorVehicles2023-01-3103707343ns5:ComputerEquipment2023-01-3103707343ns5:PlantMachinery2024-01-3103707343ns5:FurnitureFittings2024-01-3103707343ns5:MotorVehicles2024-01-3103707343ns5:ComputerEquipment2024-01-3103707343ns5:PlantMachinery2023-01-3103707343ns5:FurnitureFittings2023-01-3103707343ns5:MotorVehicles2023-01-3103707343ns5:ComputerEquipment2023-01-3103707343ns5:WithinOneYearns5:CurrentFinancialInstruments2024-01-3103707343ns5:WithinOneYearns5:CurrentFinancialInstruments2023-01-31
REGISTERED NUMBER: 03707343 (England and Wales)





UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2024

FOR

INTERNATIONAL PROCUREMENT SERVICES
(OVERSEAS) LIMITED

INTERNATIONAL PROCUREMENT SERVICES
(OVERSEAS) LIMITED (REGISTERED NUMBER: 03707343)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


INTERNATIONAL PROCUREMENT SERVICES
(OVERSEAS) LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JANUARY 2024







DIRECTOR: C J Hall





SECRETARY: L M Brindley





REGISTERED OFFICE: 869 High Road
London
N12 8QA





REGISTERED NUMBER: 03707343 (England and Wales)





ACCOUNTANTS: AC Partners LLP
Chartered Accountants
869 High Road
London
N12 8QA

INTERNATIONAL PROCUREMENT SERVICES
(OVERSEAS) LIMITED (REGISTERED NUMBER: 03707343)

BALANCE SHEET
31 JANUARY 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 13,051 16,339

CURRENT ASSETS
Stocks 152,570 67,855
Debtors 5 134,495 207,261
Cash at bank and in hand 530,818 394,624
817,883 669,740
CREDITORS
Amounts falling due within one year 6 163,457 143,004
NET CURRENT ASSETS 654,426 526,736
TOTAL ASSETS LESS CURRENT LIABILITIES 667,477 543,075

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 667,377 542,975
SHAREHOLDERS' FUNDS 667,477 543,075

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

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 director and authorised for issue on 30 October 2024 and were signed by:





C J Hall - Director


INTERNATIONAL PROCUREMENT SERVICES
(OVERSEAS) LIMITED (REGISTERED NUMBER: 03707343)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

1. STATUTORY INFORMATION

International Procurement Services (Overseas) 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.

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 represents net invoiced sales of goods and services, excluding value added tax.

TANGIBLE FIXED ASSETS
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 33% on reducing balance
Fixtures and fittings - 33% on reducing balance
Motor vehicles - 20% on reducing balance
Computer equipment - 25% on reducing balance.

STOCKS
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

FOREIGN CURRENCIES
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

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 - 3 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 February 2023
and 31 January 2024 1,543 3,394 76,330 17,234 98,501
DEPRECIATION
At 1 February 2023 1,528 3,369 60,322 16,943 82,162
Charge for year 5 8 3,202 73 3,288
At 31 January 2024 1,533 3,377 63,524 17,016 85,450
NET BOOK VALUE
At 31 January 2024 10 17 12,806 218 13,051
At 31 January 2023 15 25 16,008 291 16,339

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 118,674 182,288
Other debtors 15,821 24,973
134,495 207,261

INTERNATIONAL PROCUREMENT SERVICES
(OVERSEAS) LIMITED (REGISTERED NUMBER: 03707343)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2024

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 41,400 48,448
Taxation and social security 70,661 43,957
Other creditors 51,396 50,599
163,457 143,004

7. ULTIMATE CONTROLLING PARTY

There is no single ultimate controlling party.