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REGISTERED NUMBER: 09530866 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 April 2024

for

IPUK Limited

IPUK Limited (Registered number: 09530866)






Contents of the Financial Statements
for the Year Ended 30 April 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


IPUK Limited

Company Information
for the Year Ended 30 April 2024







DIRECTORS: Mr David Upton
Mr David Matthews





REGISTERED OFFICE: Queens Chambers
2nd Floor
5 John Dalton Street
Manchester
M2 6ET





REGISTERED NUMBER: 09530866 (England and Wales)





ACCOUNTANTS: LJS Accounting Services (UK) Ltd
Unit 5, 1st Floor
Connect Business Village
24 Derby Road
Liverpool
Merseyside
L5 9PR

IPUK Limited (Registered number: 09530866)

Balance Sheet
30 April 2024

30.4.24 30.4.23
Notes £    £   
CURRENT ASSETS
Stocks 5 187,411 191,966
Debtors 6 81,634 102,203
Cash at bank 17,964 3,294
287,009 297,463
CREDITORS
Amounts falling due within one year 7 218,050 199,037
NET CURRENT ASSETS 68,959 98,426
TOTAL ASSETS LESS CURRENT
LIABILITIES

68,959

98,426

CREDITORS
Amounts falling due after more than one
year

8

31,753

42,101
NET ASSETS 37,206 56,325

CAPITAL AND RESERVES
Called up share capital 9 2 2
Retained earnings 10 37,204 56,323
SHAREHOLDERS' FUNDS 37,206 56,325

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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.

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 18 November 2024 and were signed on its behalf by:



Mr David Upton - Director


IPUK Limited (Registered number: 09530866)

Notes to the Financial Statements
for the Year Ended 30 April 2024

1. STATUTORY INFORMATION

IPUK 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

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

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.

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

IPUK Limited (Registered number: 09530866)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

4. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
COST
At 1 May 2023
and 30 April 2024 2,297
DEPRECIATION
At 1 May 2023
and 30 April 2024 2,297
NET BOOK VALUE
At 30 April 2024 -
At 30 April 2023 -

5. STOCKS
30.4.24 30.4.23
£    £   
Stocks 187,411 191,966

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Trade debtors 71,634 92,203
Other debtors 10,000 10,000
81,634 102,203

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Bank loans and overdrafts 19,479 -
Trade creditors 3,322 3,303
Tax 3,983 8,670
VAT 14,161 20,901
Other creditors 14,550 14,549
Directors' current accounts 160,895 150,515
Accrued expenses 1,660 1,099
218,050 199,037

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.4.24 30.4.23
£    £   
Bank loans - 1-2 years 10,223 10,223
Bank loans - 2-5 years 21,530 31,878
31,753 42,101

IPUK Limited (Registered number: 09530866)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.4.24 30.4.23
value: £    £   
2 Ordinary £1 2 2

10. RESERVES
Retained
earnings
£   

At 1 May 2023 56,323
Deficit for the year (19,119 )
At 30 April 2024 37,204