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REGISTERED NUMBER: 07107271 (England and Wales)


















INDEPENDENT PROJECT SOLUTIONS LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024






INDEPENDENT PROJECT SOLUTIONS LIMITED (REGISTERED NUMBER: 07107271)

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










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


INDEPENDENT PROJECT SOLUTIONS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2024







DIRECTORS: Mr O L S Cook
Mrs C E Cook





REGISTERED OFFICE: Gilfach Isaf
Llanycefn
Clynderwen
Narberth
Pembrokeshire
SA66 7LJ





REGISTERED NUMBER: 07107271 (England and Wales)






INDEPENDENT PROJECT SOLUTIONS LIMITED (REGISTERED NUMBER: 07107271)

BALANCE SHEET
31 DECEMBER 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 65,483 47,977

CURRENT ASSETS
Stocks 30,967 60,079
Debtors 5 34,124 73,955
Cash at bank and in hand 137,552 113,410
202,643 247,444
CREDITORS
Amounts falling due within one year 6 115,894 133,102
NET CURRENT ASSETS 86,749 114,342
TOTAL ASSETS LESS CURRENT
LIABILITIES

152,232

162,319

CREDITORS
Amounts falling due after more than
one year

7

12,497

19,509
NET ASSETS 139,735 142,810

CAPITAL AND RESERVES
Called up share capital 40 40
Retained earnings 139,695 142,770
SHAREHOLDERS' FUNDS 139,735 142,810

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

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

INDEPENDENT PROJECT SOLUTIONS LIMITED (REGISTERED NUMBER: 07107271)

BALANCE SHEET - continued
31 DECEMBER 2024


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 July 2025 and were signed on its behalf by:





Mr O L S Cook - Director


INDEPENDENT PROJECT SOLUTIONS LIMITED (REGISTERED NUMBER: 07107271)

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


1. STATUTORY INFORMATION

Independent Project Solutions 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.

The accounts are prepared on a going concern basis as the company continues to benefit from the support of the directors and its bankers.

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.
Plant and machinery etc - 33% on reducing balance, 20% on cost and 20% on reducing balance

Stocks
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 stocks to their present location and condition.

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

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

INDEPENDENT PROJECT SOLUTIONS LIMITED (REGISTERED NUMBER: 07107271)

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


4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2024 117,728
Additions 38,328
At 31 December 2024 156,056
DEPRECIATION
At 1 January 2024 69,751
Charge for year 20,822
At 31 December 2024 90,573
NET BOOK VALUE
At 31 December 2024 65,483
At 31 December 2023 47,977

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 19,124 58,955
Other debtors 15,000 15,000
34,124 73,955

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 4,035 4,362
Hire purchase contracts 3,851 3,289
Trade creditors 33,264 32,860
Taxation and social security 37,657 59,248
Other creditors 37,087 33,343
115,894 133,102

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 4,297 7,189
Hire purchase contracts 8,200 12,320
12,497 19,509

8. ULTIMATE CONTROLLING PARTY

The controlling party is the company directors.