Registered number
09651908
IBP CONSULTING LIMITED
Filleted Accounts
31 March 2025
SAUNDERS & RICHARD LTD
Chartered Certified Accountants
187 WOODHOUSE ROAD
NORTH FINCHLEY
LONDON
N12 9AY
14503B-9
IBP CONSULTING LIMITED
Registered number: 09651908
Balance Sheet
as at 31 March 2025
Notes 2025 2024
£ £
Fixed assets
Tangible assets 3 2,950 3,141
Current assets
Debtors 4 1,980 -
Cash at bank and in hand 112,113 129,795
114,093 129,795
Creditors: amounts falling due within one year 5 (8,690) (7,825)
Net current assets 105,403 121,970
Total assets less current liabilities 108,353 125,111
Provisions for liabilities (561) (597)
Net assets 107,792 124,514
Capital and reserves
Called up share capital 10 10
Profit and loss account 107,782 124,504
Shareholders' funds 107,792 124,514
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mr. G Clooney
Director
Approved by the board on 18 June 2025
IBP CONSULTING LIMITED
Notes to the Accounts
for the year ended 31 March 2025
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Fixtures, fittings and equipment 25% p.a on written down allowances
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
2 Employees 2025 2024
Number Number
Average number of persons employed by the company 2 2
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 April 2024 11,676
Additions 792
At 31 March 2025 12,468
Depreciation
At 1 April 2024 8,535
Charge for the year 983
At 31 March 2025 9,518
Net book value
At 31 March 2025 2,950
At 31 March 2024 3,141
4 Debtors 2025 2024
£ £
Trade debtors 1,980 -
5 Creditors: amounts falling due within one year 2025 2024
£ £
Taxation and social security costs 2,366 2,145
Other creditors 6,324 5,680
8,690 7,825
6 Controlling party
The company is controlled by M Clooney and G Clooney by virtue of having ownership of 100% of the issued ordinary share capital in the company.
7 Other information
IBP CONSULTING LIMITED is a private company limited by shares and incorporated in England. Its registered office is:
4 MABLY GROVE
WANTAGE
OXFORDSHIRE
UNITED KINGDOM
OX12 9XN
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