1 March 2023 false No description of principal activity Taxfiler 2024.6 13230827business:PrivateLimitedCompanyLtd2023-03-012024-02-27 132308272023-02-28 132308272023-03-012024-02-27 13230827business:AuditExempt-NoAccountantsReport2023-03-012024-02-27 13230827business:FilletedAccounts2023-03-012024-02-27 132308272024-02-27 13230827business:Director12023-03-012024-02-27 13230827business:RegisteredOffice2023-03-012024-02-27 132308272023-02-28 13230827core:WithinOneYear2024-02-27 13230827core:WithinOneYear2023-02-28 13230827core:AfterOneYear2024-02-27 13230827core:AfterOneYear2023-02-28 13230827core:ShareCapitalcore:PreviouslyStatedAmount2024-02-27 13230827core:ShareCapitalcore:PreviouslyStatedAmount2023-02-28 13230827core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2024-02-27 13230827core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-02-28 13230827core:PreviouslyStatedAmount2024-02-27 13230827core:PreviouslyStatedAmount2023-02-28 13230827business:SmallEntities2023-03-012024-02-27 13230827countries:EnglandWales2023-03-012024-02-27 13230827core:MotorVehicles2023-03-012024-02-27 13230827core:MotorVehicles2023-02-28 13230827core:MotorVehicles2024-02-27 132308272022-02-282023-02-28 iso4217:GBP xbrli:pure
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
Page
- 2 -
IPS COURIERS LIMITED Company Information for the period from 1 March 2023 to 27 February 2024
Director
Inder Pal Singh
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
- 3 -
IPS COURIERS LIMITED Statement of financial position as at 27 February 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
159,123 
28,196 
Current assets
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)
Net assets
45,338 
39,051 
Capital and reserves
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
- 4 -
IPS COURIERS LIMITED Notes to the Accounts for the period from 1 March 2023 to 27 February 2024
1
Statutory information
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
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 
£ 
Cost or valuation
At cost 
At 1 March 2023
34,276 
Additions
167,202 
At 27 February 2024
201,478 
Depreciation
At 1 March 2023
6,080 
Charge for the period
36,275 
At 27 February 2024
42,355 
Net book value
At 27 February 2024
159,123 
At 28 February 2023
28,196 
- 5 -
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 
£ 
£ 
VAT
24,614 
16,812 
Obligations under finance leases and hire purchase contracts
36,808 
6,749 
Trade creditors
420 
- 
Taxes and social security
- 
12,645 
Other creditors
12,532 
3,051 
Loans from directors
77,310 
39,646 
Accruals
650 
650 
152,334 
79,553 
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).
- 6 -