Company Registration No. SC783480 (Scotland)
IPC Systems Ltd
Unaudited accounts
for the period from 22 September 2023 to 30 September 2024
IPC Systems Ltd
Company Information
for the period from 22 September 2023 to 30 September 2024
Directors
Helen Brooks
Russell Brooks
Company Number
SC783480 (Scotland)
Registered Office
42 Tyndrum Crescent
Hamilton
ML3 8QR
Scotland
Accountants
CRK Consultants Ltd
14 Abbotsford Terrace
Lanark
ML11 7EG
IPC Systems Ltd
Statement of financial position
as at 30 September 2024
Cash at bank and in hand
4,854
Creditors: amounts falling due within one year
(125,599)
Net current liabilities
(120,745)
Profit and loss account
1,168
For the period 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 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 20 June 2025 and were signed on its behalf by
Russell Brooks
Director
Company Registration No. SC783480
IPC Systems Ltd
Notes to the Accounts
for the period from 22 September 2023 to 30 September 2024
IPC Systems Ltd is a private company, limited by shares, registered in Scotland, registration number SC783480. The registered office is 42 Tyndrum Crescent, Hamilton, ML3 8QR, Scotland.
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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.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
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 not been charged in respect of heritable property since the director considers that the value of the property is increasing.
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Tangible fixed assets
Land & buildings
At 30 September 2024
121,915
At 30 September 2024
121,915
IPC Systems Ltd
Notes to the Accounts
for the period from 22 September 2023 to 30 September 2024
5
Creditors: amounts falling due within one year
2024
Taxes and social security
274
Loans from directors
121,806
6
Average number of employees
During the period the average number of employees was 2.