Company Registration No. 13230827 (England and Wales)
IPS COURIERS LIMITED
Unaudited accounts
for the period from 1 March 2023 to 27 February 2024
IPS COURIERS LIMITED
Unaudited accounts
Contents
IPS COURIERS LIMITED
Company Information
for the period from 1 March 2023 to 27 February 2024
Company Number
13230827 (England and Wales)
Registered Office
25 Sports Road
Glenfield
Leicester
Leicestershire
LE3 8AL
England
Accountants
ONAF Limited
27 Tilton Drive
Oadby
LE2 5WW
IPS COURIERS LIMITED
Statement of financial position
as at 27 February 2024
Tangible assets
159,123
28,196
Cash at bank and in hand
132,990
110,289
Creditors: amounts falling due within one year
(152,334)
(79,553)
Net current (liabilities)/assets
(19,344)
30,736
Total assets less current liabilities
139,779
58,932
Creditors: amounts falling due after more than one year
(94,441)
(19,881)
Called up share capital
10
10
Profit and loss account
45,328
39,041
Shareholders' funds
45,338
39,051
For the period ending 27 February 2024 the company was entitled to exemption from audit 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 director acknowledges his 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 27 December 2024 and were signed on its behalf by
Inder Pal Singh
Director
Company Registration No. 13230827
IPS COURIERS LIMITED
Notes to the Accounts
for the period from 1 March 2023 to 27 February 2024
IPS COURIERS LIMITED is a private company, limited by shares, registered in England and Wales, registration number 13230827. The registered office is 25 Sports Road, Glenfield, Leicester, Leicestershire, LE3 8AL, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous period, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Motor vehicles
20% Reducing balance
4
Tangible fixed assets
Motor vehicles
At 27 February 2024
201,478
Charge for the period
36,275
At 27 February 2024
42,355
At 27 February 2024
159,123
At 28 February 2023
28,196
IPS COURIERS LIMITED
Notes to the Accounts
for the period from 1 March 2023 to 27 February 2024
5
Creditors: amounts falling due within one year
2024
2023
Obligations under finance leases and hire purchase contracts
36,808
6,749
Taxes and social security
-
12,645
Other creditors
12,532
3,051
Loans from directors
77,310
39,646
6
Creditors: amounts falling due after more than one year
2024
2023
Obligations under finance leases and hire purchase contracts
94,441
19,881
7
Average number of employees
During the period the average number of employees was 3 (2023: 3).