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REGISTERED NUMBER: 11622993 (England and Wales)
























UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2024

FOR

IPARCELBOX LTD

IPARCELBOX LTD (REGISTERED NUMBER: 11622993)

CONTENTS OF THE FINANCIAL STATEMENTS
For The Year Ended 31 October 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


IPARCELBOX LTD

COMPANY INFORMATION
For The Year Ended 31 October 2024







DIRECTORS: P M Needler
Mrs T E Needler





REGISTERED OFFICE: 5 & 6 Manor Court
Manor Garth
Scarborough
North Yorkshire
YO11 3TU





REGISTERED NUMBER: 11622993 (England and Wales)





ACCOUNTANTS: Fortus Limited
Business Advisors & Accountants
5&6 Manor Court
Manor Garth
Scarborough
North Yorkshire
YO11 3TU

IPARCELBOX LTD (REGISTERED NUMBER: 11622993)

BALANCE SHEET
31 October 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 20,005 23,542
Tangible assets 5 3,166 7,727
23,171 31,269

CURRENT ASSETS
Stocks 7,887 9,966
Debtors 6 2,438 522
Cash at bank 3,919 7,709
14,244 18,197
CREDITORS
Amounts falling due within one year 7 64,901 59,603
NET CURRENT LIABILITIES (50,657 ) (41,406 )
TOTAL ASSETS LESS CURRENT LIABILITIES (27,486 ) (10,137 )

CREDITORS
Amounts falling due after more than
one year

8

22,070

23,605
NET LIABILITIES (49,556 ) (33,742 )

CAPITAL AND RESERVES
Called up share capital 112 112
Share premium 214,979 214,979
Retained earnings (264,647 ) (248,833 )
(49,556 ) (33,742 )

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

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

IPARCELBOX LTD (REGISTERED NUMBER: 11622993)

BALANCE SHEET - continued
31 October 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 3 March 2025 and were signed on its behalf by:





P M Needler - Director


IPARCELBOX LTD (REGISTERED NUMBER: 11622993)

NOTES TO THE FINANCIAL STATEMENTS
For The Year Ended 31 October 2024


1. STATUTORY INFORMATION

Iparcelbox Ltd 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.

Intangible assets
Intangible assets acquired separately from a business are recognised at cost and are subsequently measured at cost less accumulated amortisation and accumulated impairment losses.

Intangible assets acquired on business combinations are recognised separately from goodwill at the acquisition date where it is probable that the expected future economic benefits that are attributable to the asset will flow to the entity and the fair value of the asset can be measured reliably; the intangible asset arises from contractual or other legal rights; and the intangible asset is separable from the entity.

Amortisation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Patents & licences5% straight line
Development costs15% straight line

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 cost

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

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.


IPARCELBOX LTD (REGISTERED NUMBER: 11622993)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 31 October 2024


2. ACCOUNTING POLICIES - continued
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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 November 2023 46,742
Additions 2,324
At 31 October 2024 49,066
AMORTISATION
At 1 November 2023 23,200
Charge for year 5,861
At 31 October 2024 29,061
NET BOOK VALUE
At 31 October 2024 20,005
At 31 October 2023 23,542

IPARCELBOX LTD (REGISTERED NUMBER: 11622993)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 31 October 2024


5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 November 2023
and 31 October 2024 18,242
DEPRECIATION
At 1 November 2023 10,515
Charge for year 4,561
At 31 October 2024 15,076
NET BOOK VALUE
At 31 October 2024 3,166
At 31 October 2023 7,727

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 462 343
Other debtors 1,976 179
2,438 522

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 1,073 610
Trade creditors 2,538 1,927
Taxation and social security - 1,113
Other creditors 61,290 55,953
64,901 59,603

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 22,070 23,605

9. DIRECTORS' TRANSACTIONS

Inlcuded within other creditors is an amount of £50,222 (2023: £45,222) owed to director P Needler. No interest has been charged on the outstanding balance during the year. This amount has been provided unsecured and is effectively repayable on demand.