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Company Registration No. 04897402 (England and Wales)
IPEX Consulting Limited Unaudited accounts for the year ended 31 August 2024
IPEX Consulting Limited Unaudited accounts Contents
Page
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IPEX Consulting Limited Company Information for the year ended 31 August 2024
Directors
Malcolm Wilson Thomas Hopkins Christopher Hoskin Elizabeth Clare Kissane Robert Clayton
Company Number
04897402 (England and Wales)
Registered Office
Liberty House 222 Regent Street London W1B 5TR
Accountants
Multiply Accountancy Limited 71-75 Shelton Street London WC2H 9JQ
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IPEX Consulting Limited Statement of financial position as at 31 August 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
6,362 
3,818 
Current assets
Debtors
705,492 
700,674 
Cash at bank and in hand
1,092,660 
668,451 
1,798,152 
1,369,125 
Creditors: amounts falling due within one year
(600,637)
(356,140)
Net current assets
1,197,515 
1,012,985 
Total assets less current liabilities
1,203,877 
1,016,803 
Creditors: amounts falling due after more than one year
(44,531)
(103,906)
Provisions for liabilities
Deferred tax
(1,592)
(955)
Net assets
1,157,754 
911,942 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
1,157,654 
911,842 
Shareholders' funds
1,157,754 
911,942 
For the year ending 31 August 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 17 January 2025 and were signed on its behalf by
Malcolm Wilson Director Company Registration No. 04897402
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IPEX Consulting Limited Notes to the Accounts for the year ended 31 August 2024
1
Statutory information
IPEX Consulting Limited is a private company, limited by shares, registered in England and Wales, registration number 04897402. The registered office is Liberty House, 222 Regent Street, London, W1B 5TR.
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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Foreign exchange
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
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:
Fixtures & fittings
25% straight line basis
Computer equipment
33% straight line basis
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 assets and liabilities are not discounted.
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IPEX Consulting Limited Notes to the Accounts for the year ended 31 August 2024
4
Tangible fixed assets
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 September 2023
- 
14,079 
14,079 
Additions
709 
4,074 
4,783 
At 31 August 2024
709 
18,153 
18,862 
Depreciation
At 1 September 2023
- 
10,261 
10,261 
Charge for the year
236 
2,003 
2,239 
At 31 August 2024
236 
12,264 
12,500 
Net book value
At 31 August 2024
473 
5,889 
6,362 
At 31 August 2023
- 
3,818 
3,818 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
439,611 
393,544 
Accrued income and prepayments
179,017 
217,915 
Other debtors
86,864 
89,215 
705,492 
700,674 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
59,375 
59,375 
Trade creditors
32,885 
49,312 
Taxes and social security
250,502 
180,450 
Other creditors
4,638 
1,317 
Loans from directors
- 
19,501 
Accruals
253,237 
46,185 
600,637 
356,140 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
44,531 
103,906 
8
Average number of employees
During the year the average number of employees was 11 (2023: 9).
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