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REGISTERED NUMBER: 11112890 (England and Wales)










Unaudited Financial Statements for the Year Ended 31 March 2024

for

International Energy Products Limited

International Energy Products Limited (Registered number: 11112890)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


International Energy Products Limited

Company Information
for the Year Ended 31 March 2024







DIRECTORS: E Beresford
J Steer





SECRETARY:





REGISTERED OFFICE: Houghton Road
North Anston Trading Estate
Sheffield
S25 4JJ





REGISTERED NUMBER: 11112890 (England and Wales)





ACCOUNTANTS: Parkins Accountants Ltd
T/A, Parkins, Chartered Accountants
Moor Park House
Bawtry Rd
Wickersley
Rotherham
South Yorkshire
S66 2BL

International Energy Products Limited (Registered number: 11112890)

Balance Sheet
31 March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 252,619 222,753

CURRENT ASSETS
Stocks 1,849,524 1,981,344
Debtors 5 443,021 1,662,812
Cash at bank 108,388 293,552
2,400,933 3,937,708
CREDITORS
Amounts falling due within one year 6 1,749,047 2,977,482
NET CURRENT ASSETS 651,886 960,226
TOTAL ASSETS LESS CURRENT
LIABILITIES

904,505

1,182,979

CREDITORS
Amounts falling due after more than one
year

7

(550,795

)

(952,597

)

PROVISIONS FOR LIABILITIES (63,155 ) (55,688 )
NET ASSETS 290,555 174,694

CAPITAL AND RESERVES
Called up share capital 125 125
Retained earnings 290,430 174,569
290,555 174,694

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

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

International Energy Products Limited (Registered number: 11112890)

Balance Sheet - continued
31 March 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 26 November 2024 and were signed on its behalf by:





E Beresford - Director


International Energy Products Limited (Registered number: 11112890)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

International Energy Products 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.
Plant and machinery etc - 25% on reducing balance and 15% on reducing balance

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

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.

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.

International Energy Products Limited (Registered number: 11112890)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 14 (2023 - 7 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2023 272,821
Additions 81,992
At 31 March 2024 354,813
DEPRECIATION
At 1 April 2023 50,068
Charge for year 52,126
At 31 March 2024 102,194
NET BOOK VALUE
At 31 March 2024 252,619
At 31 March 2023 222,753

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 369,367 1,594,239
Other debtors 73,654 68,573
443,021 1,662,812

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 704,167 454,334
Hire purchase contracts 20,767 9,999
Trade creditors 793,122 2,101,500
Taxation and social security 217,292 345,455
Other creditors 13,699 66,194
1,749,047 2,977,482

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 514,321 931,540
Hire purchase contracts 36,474 21,057
550,795 952,597