1 August 2023 false No description of principal activity Taxfiler 2024.6 NI625822business:PrivateLimitedCompanyLtd2023-08-012024-07-31 NI6258222023-07-31 NI6258222023-08-012024-07-31 NI625822business:AuditExemptWithAccountantsReport2023-08-012024-07-31 NI625822business:FilletedAccounts2023-08-012024-07-31 NI6258222024-07-31 NI625822business:Director12023-08-012024-07-31 NI625822business:Director22023-08-012024-07-31 NI625822business:CompanySecretary12023-08-012024-07-31 NI625822business:RegisteredOffice2023-08-012024-07-31 NI6258222023-07-31 NI625822core:WithinOneYear2024-07-31 NI625822core:WithinOneYear2023-07-31 NI625822core:ShareCapitalcore:PreviouslyStatedAmount2024-07-31 NI625822core:ShareCapitalcore:PreviouslyStatedAmount2023-07-31 NI625822core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2024-07-31 NI625822core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-07-31 NI625822core:PreviouslyStatedAmount2024-07-31 NI625822core:PreviouslyStatedAmount2023-07-31 NI625822business:SmallEntities2023-08-012024-07-31 NI625822countries:NorthernIreland2023-08-012024-07-31 NI625822core:PlantMachinery2023-08-012024-07-31 NI625822core:PlantMachinery2023-07-31 NI625822core:PlantMachinery2024-07-31 NI625822business:OrdinaryShareClass12023-08-012024-07-31 NI625822business:OrdinaryShareClass12022-08-012023-07-31 NI6258222022-08-012023-07-31 iso4217:GBP xbrli:shares xbrli:pure
Company Registration No. NI625822 (Northern Ireland)
IPS Cubicle (NI) Limited Unaudited accounts for the year ended 31 July 2024
IPS Cubicle (NI) Limited Unaudited accounts Contents
Page
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IPS Cubicle (NI) Limited Company Information for the year ended 31 July 2024
Directors
Ryan Church Melany Suzanne Campbell
Secretary
Melany Campbell
Company Number
NI625822 (Northern Ireland)
Registered Office
14 The Meadows Broughshane Ballymena Co Antrim BT43 7NG Northern Ireland
Accountants
TAG Accountants (N.I.) Ltd 81a Galgorm Road Ballymena Co Antrim BT42 1AA
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IPS Cubicle (NI) Limited Statement of financial position as at 31 July 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
42,725 
53,406 
Current assets
Debtors
2,282 
12,105 
Cash at bank and in hand
27,014 
23,764 
29,296 
35,869 
Creditors: amounts falling due within one year
(30,686)
(52,999)
Net current liabilities
(1,390)
(17,130)
Total assets less current liabilities
41,335 
36,276 
Provisions for liabilities
Deferred tax
(8,973)
(10,148)
Net assets
32,362 
26,128 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
32,262 
26,028 
Shareholders' funds
32,362 
26,128 
For the year ending 31 July 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 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 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 of Directors and authorised for issue on 10 October 2024 and were signed on its behalf by
Ryan Church Director Company Registration No. NI625822
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IPS Cubicle (NI) Limited Notes to the Accounts for the year ended 31 July 2024
1
Statutory information
IPS Cubicle (NI) Limited is a private company, limited by shares, registered in Northern Ireland, registration number NI625822. The registered office is 14 The Meadows, Broughshane, Ballymena, Co Antrim, BT43 7NG, Northern Ireland.
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 year, 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.
Turnover
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Tangible fixed assets policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
20% Reducing Balance
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax is not provided on timing differences arising from the revaluation of fixed assets where there is no commitment to sell the asset. Deferred tax assets and liabilities are not discounted.
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IPS Cubicle (NI) Limited Notes to the Accounts for the year ended 31 July 2024
4
Tangible fixed assets
Plant & machinery 
£ 
Cost or valuation
At cost 
At 1 August 2023
80,561 
At 31 July 2024
80,561 
Depreciation
At 1 August 2023
27,155 
Charge for the year
10,681 
At 31 July 2024
37,836 
Net book value
At 31 July 2024
42,725 
At 31 July 2023
53,406 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
VAT
2,282 
12,105 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
16,541 
25,388 
Obligations under finance leases and hire purchase contracts
27,347 
35,160 
Trade creditors
- 
374 
Taxes and social security
46,244 
29,247 
Loans from directors
(61,246)
(38,970)
Accruals
1,800 
1,800 
30,686 
52,999 
7
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100 
100 
8
Average number of employees
During the year the average number of employees was 5 (2023: 5).
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