1 October 2023 false No description of principal activity Taxfiler 2024.6 09768824business:PrivateLimitedCompanyLtd2023-10-012024-09-30 097688242023-09-30 097688242023-10-012024-09-30 09768824business:AuditExemptWithAccountantsReport2023-10-012024-09-30 09768824business:FilletedAccounts2023-10-012024-09-30 097688242024-09-30 09768824business:Director12023-10-012024-09-30 09768824business:RegisteredOffice2023-10-012024-09-30 097688242023-09-30 09768824core:WithinOneYear2024-09-30 09768824core:WithinOneYear2023-09-30 09768824core:AfterOneYear2024-09-30 09768824core:AfterOneYear2023-09-30 09768824core:ShareCapitalcore:PreviouslyStatedAmount2024-09-30 09768824core:ShareCapitalcore:PreviouslyStatedAmount2023-09-30 09768824core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2024-09-30 09768824core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-09-30 09768824core:PreviouslyStatedAmount2024-09-30 09768824core:PreviouslyStatedAmount2023-09-30 09768824business:SmallEntities2023-10-012024-09-30 09768824countries:EnglandWales2023-10-012024-09-30 09768824core:ComputerEquipment2023-10-012024-09-30 09768824core:FurnitureFittings2023-09-30 09768824core:ComputerEquipment2023-09-30 09768824core:FurnitureFittings2023-10-012024-09-30 09768824core:FurnitureFittings2024-09-30 09768824core:ComputerEquipment2024-09-30 09768824core:DisposalsRepaymentsInvestments2024-09-30 097688242022-10-012023-09-30 iso4217:GBP xbrli:pure
Company Registration No. 09768824 (England and Wales)
IP AGENCY LTD. Unaudited accounts for the year ended 30 September 2024
IP AGENCY LTD. Unaudited accounts Contents
Page
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IP AGENCY LTD. Company Information for the year ended 30 September 2024
Director
Jack Freud
Company Number
09768824 (England and Wales)
Registered Office
56 - 58 Broadwick Street LONDON W1F 7AL
Accountants
CASA Accountancy & Bookkeeping Ltd 17 Lipizzaner Fields Whiteley Fareham Hampshire PO15 7BH
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IP AGENCY LTD. Statement of financial position as at 30 September 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
7,386 
5,638 
Investments
- 
33,000 
7,386 
38,638 
Current assets
Debtors
125,167 
358,160 
Cash at bank and in hand
294 
4,103 
125,461 
362,263 
Creditors: amounts falling due within one year
(287,676)
(318,079)
Net current (liabilities)/assets
(162,215)
44,184 
Total assets less current liabilities
(154,829)
82,822 
Creditors: amounts falling due after more than one year
(36,667)
(60,500)
Net (liabilities)/assets
(191,496)
22,322 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
(191,596)
22,222 
Shareholders' funds
(191,496)
22,322 
For the year ending 30 September 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 her 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 15 April 2025 and were signed on its behalf by
Jack Freud Director Company Registration No. 09768824
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IP AGENCY LTD. Notes to the Accounts for the year ended 30 September 2024
1
Statutory information
IP AGENCY LTD. is a private company, limited by shares, registered in England and Wales, registration number 09768824. The registered office is 56 - 58 Broadwick Street, LONDON, W1F 7AL.
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.
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:
Computer equipment
25% Straight Line
4
Tangible fixed assets
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 October 2023
458 
5,513 
5,971 
Additions
- 
3,240 
3,240 
At 30 September 2024
458 
8,753 
9,211 
Depreciation
At 1 October 2023
- 
333 
333 
Charge for the year
114 
1,378 
1,492 
At 30 September 2024
114 
1,711 
1,825 
Net book value
At 30 September 2024
344 
7,042 
7,386 
At 30 September 2023
458 
5,180 
5,638 
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IP AGENCY LTD. Notes to the Accounts for the year ended 30 September 2024
5
Investments
Other investments 
£ 
Valuation at 1 October 2023
33,000 
Disposals
(33,000)
Valuation at 30 September 2024
- 
6
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
85,766 
122,810 
Accrued income and prepayments
11,041 
- 
Other debtors
18,360 
235,350 
115,167 
358,160 
Amounts falling due after more than one year
Other debtors
10,000 
- 
7
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
35,542 
146,535 
VAT
48,053 
24,354 
Trade creditors
18,042 
10,228 
Taxes and social security
169,164 
132,457 
Other creditors
16,075 
13,705 
Loans from directors
- 
(10,000)
Accruals
800 
800 
287,676 
318,079 
8
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
36,667 
60,500 
9
Average number of employees
During the year the average number of employees was 5 (2023: 5).
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