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REGISTERED NUMBER: 08181739 (England and Wales)

















IPDS GROUP LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2024






IPDS GROUP LIMITED (REGISTERED NUMBER: 08181739)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024










Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


IPDS GROUP LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 AUGUST 2024







DIRECTORS: Mrs K E Parsons
Mr I R Parsons





REGISTERED OFFICE: Excel House
Millbrook Lane
Wragby
Market Rasen
Lincolnshire
LN8 5AB





BUSINESS ADDRESS: Manor Farm House
Asterby Lane
Goulceby
Louth
Lincolnshire
LN11 9UD





REGISTERED NUMBER: 08181739 (England and Wales)





ACCOUNTANTS: Socius Accountants Limited
Excel House
Millbrook Lane
Wragby
Lincolnshire
LN8 5AB

IPDS GROUP LIMITED (REGISTERED NUMBER: 08181739)

ABRIDGED BALANCE SHEET
31 AUGUST 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 6,630 -
Property, plant and equipment 5 1,523,789 1,029,947
1,530,419 1,029,947

CURRENT ASSETS
Inventories 204,902 9,397
Debtors 805,180 334,977
Cash at bank 41,727 107,844
1,051,809 452,218
CREDITORS
Amounts falling due within one year 827,114 338,385
NET CURRENT ASSETS 224,695 113,833
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,755,114

1,143,780

CREDITORS
Amounts falling due after more than one year (480,581 ) (285,187 )

PROVISIONS FOR LIABILITIES (282,961 ) (194,021 )
NET ASSETS 991,572 664,572

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 991,472 664,472
991,572 664,572

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

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

IPDS GROUP LIMITED (REGISTERED NUMBER: 08181739)

ABRIDGED BALANCE SHEET - continued
31 AUGUST 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 August 2024 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 6 March 2025 and were signed on its behalf by:





Mr I R Parsons - Director


IPDS GROUP LIMITED (REGISTERED NUMBER: 08181739)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024


1. STATUTORY INFORMATION

IPDS Group Limited 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
Revenue 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 are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Computer software is being amortised evenly over its estimated useful life of nil years.

Property, plant and equipment
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Improvements to property - 15% on reducing balance
Plant and machinery - 20% on reducing balance and 15% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance and 15% on reducing balance
Computer equipment - straight line over 3 years and 20% on cost

Inventories
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing inventories to their present location and condition.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

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.

IPDS GROUP LIMITED (REGISTERED NUMBER: 08181739)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2024


2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2023 - 4 ) .

4. INTANGIBLE FIXED ASSETS
Totals
£   
COST
Additions 7,800
At 31 August 2024 7,800
AMORTISATION
Amortisation for year 1,170
At 31 August 2024 1,170
NET BOOK VALUE

At 31 August 2024 6,630

5. PROPERTY, PLANT AND EQUIPMENT
Totals
£   
COST
At 1 September 2023 1,228,100
Additions 718,853
Disposals (39,104 )
At 31 August 2024 1,907,849
DEPRECIATION
At 1 September 2023 198,153
Charge for year 198,357
Eliminated on disposal (12,450 )
At 31 August 2024 384,060
NET BOOK VALUE
At 31 August 2024 1,523,789
At 31 August 2023 1,029,947

IPDS GROUP LIMITED (REGISTERED NUMBER: 08181739)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2024


5. PROPERTY, PLANT AND EQUIPMENT - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Totals
£   
COST
At 1 September 2023 695,800
Additions 530,480
At 31 August 2024 1,226,280
DEPRECIATION
At 1 September 2023 116,785
Charge for year 104,707
At 31 August 2024 221,492
NET BOOK VALUE
At 31 August 2024 1,004,788
At 31 August 2023 579,015

6. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 August 2024 and 31 August 2023:

2024 2023
£    £   
Mr I R Parsons
Balance outstanding at start of year 7,448 1,925
Amounts advanced 101,251 49,816
Amounts repaid (103,694 ) (44,293 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 5,005 7,448

Mrs K E Parsons
Balance outstanding at start of year (251 ) 8,998
Amounts advanced 108,997 32,983
Amounts repaid (102,729 ) (42,232 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 6,017 (251 )

All advances made to directors are unsecured, repayable on demand and with no interest charged.