THE INSTITUTE OF EMPLOYABILITY PROFESSIONALS LIMITED

Company limited by guarantee

Company Registration Number:
07893452 (England and Wales)

Unaudited statutory accounts for the year ended 31 July 2024

Period of accounts

Start date: 1 August 2023

End date: 31 July 2024

THE INSTITUTE OF EMPLOYABILITY PROFESSIONALS LIMITED

Contents of the Financial Statements

for the Period Ended 31 July 2024

Directors report
Profit and loss
Balance sheet
Additional notes
Balance sheet notes

THE INSTITUTE OF EMPLOYABILITY PROFESSIONALS LIMITED

Directors' report period ended 31 July 2024

The directors present their report with the financial statements of the company for the period ended 31 July 2024

Principal activities of the company

The company's principal activity during the year continued to be that of a professional institute developing and maintaining quality standards within the employment related services sector.



Directors

The directors shown below have held office during the whole of the period from
1 August 2023 to 31 July 2024

S Awan
P Russell
S Parkin
D Braid
G Bramley
G Chambers


The directors shown below have held office during the period of
1 August 2023 to 28 November 2023

S Hart
S Holdsworth
C Martin
T Scott
A Sims


The director shown below has held office during the period of
5 December 2023 to 31 July 2024

B Bell


The directors shown below have held office during the period of
1 December 2023 to 31 July 2024

S Bond
K Brown
V Patel
J Rooke
C Widebottom


Secretary Nicholas Price

The above report has been prepared in accordance with the special provisions in part 15 of the Companies Act 2006

This report was approved by the board of directors on
28 October 2024

And signed on behalf of the board by:
Name: P Russell
Status: Director

THE INSTITUTE OF EMPLOYABILITY PROFESSIONALS LIMITED

Profit And Loss Account

for the Period Ended 31 July 2024

2024 2023


£

£
Turnover: 795,242 709,167
Cost of sales: ( 144,641 ) ( 100,234 )
Gross profit(or loss): 650,601 608,933
Administrative expenses: ( 646,796 ) ( 423,875 )
Operating profit(or loss): 3,805 185,058
Interest receivable and similar income: 23
Interest payable and similar charges: ( 238 ) ( 338 )
Profit(or loss) before tax: 3,590 184,720
Profit(or loss) for the financial year: 3,590 184,720

THE INSTITUTE OF EMPLOYABILITY PROFESSIONALS LIMITED

Balance sheet

As at 31 July 2024

Notes 2024 2023


£

£
Fixed assets
Investments: 3 3,862 2,827
Total fixed assets: 3,862 2,827
Current assets
Debtors: 4 428,704 141,368
Cash at bank and in hand: 573,476 795,320
Total current assets: 1,002,180 936,688
Creditors: amounts falling due within one year: 5 ( 115,489 ) ( 48,552 )
Net current assets (liabilities): 886,691 888,136
Total assets less current liabilities: 890,553 890,963
Creditors: amounts falling due after more than one year: 6 ( 3,333 ) ( 7,333 )
Total net assets (liabilities): 887,220 883,630
Members' funds
Profit and loss account: 887,220 883,630
Total members' funds: 887,220 883,630

The notes form part of these financial statements

THE INSTITUTE OF EMPLOYABILITY PROFESSIONALS LIMITED

Balance sheet statements

For the year ending 31 July 2024 the company was entitled to exemption 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.

This report was approved by the board of directors on 28 October 2024
and signed on behalf of the board by:

Name: P Russell
Status: Director

The notes form part of these financial statements

THE INSTITUTE OF EMPLOYABILITY PROFESSIONALS LIMITED

Notes to the Financial Statements

for the Period Ended 31 July 2024

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

    Turnover policy

    Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

    Valuation information and policy

    Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.

THE INSTITUTE OF EMPLOYABILITY PROFESSIONALS LIMITED

Notes to the Financial Statements

for the Period Ended 31 July 2024

  • 2. Employees

    2024 2023
    Average number of employees during the period 12 6

THE INSTITUTE OF EMPLOYABILITY PROFESSIONALS LIMITED

Notes to the Financial Statements

for the Period Ended 31 July 2024

3. Fixed assets investments note

The Company owns 100% of the ordinary share capital of the following entities: IEP International Holdings Limited IEP Learning Academy Limited IEP Sweden AB IEP Australia Pty Ltd

THE INSTITUTE OF EMPLOYABILITY PROFESSIONALS LIMITED

Notes to the Financial Statements

for the Period Ended 31 July 2024

4. Debtors

2024 2023
£ £
Trade debtors 179,611 120,111
Other debtors 249,093 21,257
Total 428,704 141,368

THE INSTITUTE OF EMPLOYABILITY PROFESSIONALS LIMITED

Notes to the Financial Statements

for the Period Ended 31 July 2024

5. Creditors: amounts falling due within one year note

2024 2023
£ £
Bank loans and overdrafts 4,000 5,890
Amounts due under finance leases and hire purchase contracts 0 0
Trade creditors 49,980 41,619
Taxation and social security 13,867
Accruals and deferred income 0 0
Other creditors 47,642 1,043
Total 115,489 48,552

THE INSTITUTE OF EMPLOYABILITY PROFESSIONALS LIMITED

Notes to the Financial Statements

for the Period Ended 31 July 2024

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

2024 2023
£ £
Bank loans and overdrafts 3,333 7,333
Total 3,333 7,333