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REGISTERED NUMBER: 04849841 (England and Wales)






















Unaudited Financial Statements

for the Year Ended 31 March 2025

for

International Purchasing Group Limited

International Purchasing Group Limited (Registered number: 04849841)






Contents of the Financial Statements
for the Year Ended 31 March 2025




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


International Purchasing Group Limited

Company Information
for the Year Ended 31 March 2025







DIRECTORS: S Hakney
Mrs N Hakney





REGISTERED OFFICE: Northgate House
Northgate
Sleaford
NG34 7BZ





REGISTERED NUMBER: 04849841 (England and Wales)





ACCOUNTANTS: Wright Vigar Limited
Chartered Accountants & Business Advisers
Northgate House
Northgate
Sleaford
Lincolnshire
NG34 7BZ

International Purchasing Group Limited (Registered number: 04849841)

Balance Sheet
31 March 2025

2025 2024
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 81,615 87,605

CURRENT ASSETS
Debtors 5 19,287 19,973
Cash at bank 38,874 12,241
58,161 32,214
CREDITORS
Amounts falling due within one year 6 54,690 27,998
NET CURRENT ASSETS 3,471 4,216
TOTAL ASSETS LESS CURRENT
LIABILITIES

85,086

91,821

CREDITORS
Amounts falling due after more than one
year

7

(28,380

)

(38,517

)

PROVISIONS FOR LIABILITIES (20,152 ) (16,411 )
NET ASSETS 36,554 36,893

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 36,454 36,793
SHAREHOLDERS' FUNDS 36,554 36,893

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 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.

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 14 May 2025 and were signed on its behalf by:





S Hakney - Director


International Purchasing Group Limited (Registered number: 04849841)

Notes to the Financial Statements
for the Year Ended 31 March 2025

1. STATUTORY INFORMATION

International Purchasing 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
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
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.
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 15% on reducing balance
Computer equipment - 25% on reducing balance

Financial instruments
The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Statement of Comprehensive Income.

For financial assets measured at cost less impairment, the impairment loss is measured as the difference between an asset's carrying amount and best estimate of the recoverable amount, which is an approximation of the amount that the Company would receive for the asset if it were to be sold at the balance sheet date.

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.

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.

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.

International Purchasing Group Limited (Registered number: 04849841)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2025

2. ACCOUNTING POLICIES - continued

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 2 (2024 - 2 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 April 2024 27,918 5,989 72,844 7,635 114,386
Additions 3,333 4,103 - 5,161 12,597
At 31 March 2025 31,251 10,092 72,844 12,796 126,983
DEPRECIATION
At 1 April 2024 14,892 2,477 8,210 1,202 26,781
Charge for year 4,089 1,904 9,695 2,899 18,587
At 31 March 2025 18,981 4,381 17,905 4,101 45,368
NET BOOK VALUE
At 31 March 2025 12,270 5,711 54,939 8,695 81,615
At 31 March 2024 13,026 3,512 64,634 6,433 87,605

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

Plant and
machinery
etc
£   
COST
At 1 April 2024
and 31 March 2025 72,844
DEPRECIATION
At 1 April 2024 8,210
Charge for year 9,695
At 31 March 2025 17,905
NET BOOK VALUE
At 31 March 2025 54,939
At 31 March 2024 64,634

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Other debtors 19,287 19,973

International Purchasing Group Limited (Registered number: 04849841)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2025

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Hire purchase contracts 9,325 9,308
Taxation and social security 44,897 18,008
Other creditors 468 682
54,690 27,998

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2025 2024
£    £   
Hire purchase contracts 28,380 38,517

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2025 2024
value: £    £   
80 Class A 10p 80 80
10 Class B 10p 10 10
10 Class C 10p 10 10
100 100