IRIS Accounts Production v25.1.4.42 01227171 Board of Directors 1.1.24 31.12.24 31.12.24 13.8.25 false true false false true false Auditors Opinion Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh012271712023-12-31012271712024-12-31012271712024-01-012024-12-31012271712022-12-31012271712023-01-012023-12-31012271712023-12-3101227171ns15:EnglandWales2024-01-012024-12-3101227171ns14:PoundSterling2024-01-012024-12-3101227171ns10:Director12024-01-012024-12-3101227171ns10:PrivateLimitedCompanyLtd2024-01-012024-12-3101227171ns10:SmallEntities2024-01-012024-12-3101227171ns10:Audited2024-01-012024-12-3101227171ns10:SmallCompaniesRegimeForDirectorsReport2024-01-012024-12-3101227171ns10:SmallCompaniesRegimeForAccounts2024-01-012024-12-3101227171ns10:FullAccounts2024-01-012024-12-3101227171ns10:OrdinaryShareClass12024-01-012024-12-3101227171ns10:Director22024-01-012024-12-3101227171ns10:Director32024-01-012024-12-3101227171ns10:Director42024-01-012024-12-3101227171ns10:CompanySecretary12024-01-012024-12-3101227171ns10:RegisteredOffice2024-01-012024-12-3101227171ns5:CurrentFinancialInstruments2024-12-3101227171ns5:CurrentFinancialInstruments2023-12-3101227171ns5:ShareCapital2024-12-3101227171ns5:ShareCapital2023-12-3101227171ns5:CapitalRedemptionReserve2024-12-3101227171ns5:CapitalRedemptionReserve2023-12-3101227171ns5:RetainedEarningsAccumulatedLosses2024-12-3101227171ns5:RetainedEarningsAccumulatedLosses2023-12-3101227171ns5:LandBuildingsns5:ShortLeaseholdAssets2024-01-012024-12-3101227171ns5:PlantMachinery2024-01-012024-12-3101227171ns5:ComputerEquipment2024-01-012024-12-3101227171ns5:LandBuildingsns5:ShortLeaseholdAssets2023-12-3101227171ns5:PlantMachinery2023-12-3101227171ns5:ComputerEquipment2023-12-3101227171ns5:LandBuildingsns5:ShortLeaseholdAssets2024-12-3101227171ns5:PlantMachinery2024-12-3101227171ns5:ComputerEquipment2024-12-3101227171ns5:LandBuildingsns5:ShortLeaseholdAssets2023-12-3101227171ns5:PlantMachinery2023-12-3101227171ns5:ComputerEquipment2023-12-3101227171ns5:WithinOneYearns5:CurrentFinancialInstruments2024-12-3101227171ns5:WithinOneYearns5:CurrentFinancialInstruments2023-12-3101227171ns5:WithinOneYear2024-12-3101227171ns5:WithinOneYear2023-12-3101227171ns5:BetweenOneFiveYears2024-12-3101227171ns5:BetweenOneFiveYears2023-12-3101227171ns5:AllPeriods2024-12-3101227171ns5:AllPeriods2023-12-3101227171ns10:OrdinaryShareClass12024-12-31
REGISTERED NUMBER: 01227171 (England and Wales)













Financial Statements

for the Year Ended 31 December 2024

for

International ProcessPlants (Europe) Ltd

International ProcessPlants (Europe) Ltd (Registered number: 01227171)






Contents of the Financial Statements
for the Year Ended 31 December 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


International ProcessPlants (Europe) Ltd

Company Information
for the Year Ended 31 December 2024







DIRECTORS: R Gale
J Gale
H Bogatz
AS Field





SECRETARY: AS Field





REGISTERED OFFICE: c/o Postal Pages
Unit 3, Proctor Court, Boeing Way
Preston Farm Industrial Estate
Stockton on Tees
TS18 3TE





REGISTERED NUMBER: 01227171 (England and Wales)





AUDITORS: Anderson Barrowcliff Limited
Statutory Auditor
Chartered Accountants
3 Kingfisher Court
Bowesfield Park
Stockton on Tees
TS18 3EX

International ProcessPlants (Europe) Ltd (Registered number: 01227171)

Balance Sheet
31 December 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 127,956 130,025

CURRENT ASSETS
Stocks 5 779,826 770,017
Debtors 6 503,045 121,711
Cash at bank and in hand 1,088,863 1,284,596
2,371,734 2,176,324
CREDITORS
Amounts falling due within one year 7 696,363 550,424
NET CURRENT ASSETS 1,675,371 1,625,900
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,803,327

1,755,925

PROVISIONS FOR LIABILITIES 5,000 -
NET ASSETS 1,798,327 1,755,925

CAPITAL AND RESERVES
Called up share capital 9 13,590 13,590
Capital redemption reserve 1,510 1,510
Retained earnings 1,783,227 1,740,825
SHAREHOLDERS' FUNDS 1,798,327 1,755,925

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 23 July 2025 and were signed on its behalf by:





AS Field - Director


International ProcessPlants (Europe) Ltd (Registered number: 01227171)

Notes to the Financial Statements
for the Year Ended 31 December 2024

1. STATUTORY INFORMATION

International ProcessPlants (Europe) Ltd 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.

The financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest £.

The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

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.

Significant judgements and estimates
In the application of the Company's accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amounts of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates. The estimates and underlying assumptions are reviewed on an ongoing basis.

Turnover
Turnover represents the net value of goods sold, excluding value added tax. Included within turnover are sales of goods in which the Company has a part interest and sales of goods on behalf of other parties on a commission basis.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Short leasehold - 5% on cost
Plant and machinery - 25% on cost
Computer equipment - 33% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Tax
Current tax represents the amount of tax payable or receivable in respect of the taxable profit (or loss) for the current or past reporting periods. It is measured at the amount expected to be paid or recovered using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax represents the future tax consequences of transactions and events recognised in the financial statements of current and previous periods. It is recognised in respect of all timing differences, with certain exceptions. Timing differences are differences between taxable profits and total comprehensive income as stated in the financial statements that arise from the inclusion of income and expense in tax assessments in periods different from those in which they are recognised in the financial statements. 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 balance sheet date that are expected to apply to the reversal of timing differences.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

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.

International ProcessPlants (Europe) Ltd (Registered number: 01227171)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024

2. ACCOUNTING POLICIES - continued

Debtors and creditors receivable/payable within one year
Debtors and creditors with no stated interest rate and receivable or payable are recorded at transaction price. Any losses arising from impairment are recognised in the income statement in other administrative expenses.

Impairment
Assets not measured at fair value are reviewed for any indication that the asset may be impaired at each balance sheet date. If such indication exists, the recoverable amount of the asset, or the asset's cash generating unit, is estimated and compared to the carrying amount. Where the carrying amount exceeds its recoverable amount, an impairment loss is recognised in profit or loss.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2023 - 7 ) .

4. TANGIBLE FIXED ASSETS
Short Plant and Computer
leasehold machinery equipment Totals
£    £    £    £   
COST
At 1 January 2024 271,022 131,173 12,586 414,781
Additions - 14,729 - 14,729
Disposals - (6,495 ) - (6,495 )
At 31 December 2024 271,022 139,407 12,586 423,015
DEPRECIATION
At 1 January 2024 143,767 128,418 12,571 284,756
Charge for year 13,551 3,246 - 16,797
Eliminated on disposal - (6,494 ) - (6,494 )
At 31 December 2024 157,318 125,170 12,571 295,059
NET BOOK VALUE
At 31 December 2024 113,704 14,237 15 127,956
At 31 December 2023 127,255 2,755 15 130,025

5. STOCKS
2024 2023
£    £   
Stocks 779,826 770,017

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 4,056 54,720
Amounts owed by group undertakings 130,778 102
Amounts owed by participating interests 167,131 6,696
Other debtors 201,080 60,193
503,045 121,711

International ProcessPlants (Europe) Ltd (Registered number: 01227171)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 16,273 20,040
Amounts owed to group undertakings 198,755 218,426
Amounts owed to participating interests 184,390 200,721
Taxation and social security 37,729 9,296
Other creditors 259,216 101,941
696,363 550,424

8. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2024 2023
£    £   
Within one year 14,914 37,309
Between one and five years 990 15,904
15,904 53,213

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
13,590 Ordinary £1 13,590 13,590

10. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Andrew Dewing FCCA, ACA (Senior Statutory Auditor)
for and on behalf of Anderson Barrowcliff Limited

International ProcessPlants (Europe) Ltd (Registered number: 01227171)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024

11. RELATED PARTY DISCLOSURES

During the year the company undertook transactions with various related parties, and/or provided or received funds to assist or to be assisted with working capital requirements as detailed below:

Group companies
2024 2023
£    £   

Total loan amount owed by International Process Plants (Europe) Limited at
the year end

199,681

196,850

The loan is free of interest and repayable on demand.

Total loan amount due to International Process Plants (Europe) Limited at
the year end

(120,000

)

-

Interest is charged on the loans at a rate of 4% per annum.

Sales invoiced from International Process Plants (Europe) Limited (27,602 ) (96,081 )

Total amount due from International Process Plants (Europe) Limited at the
year end

67,977

218,324

Other related parties - common control
2024 2023
£    £   

Sales invoiced from International Process Plants (Europe) Limited (878,128 ) (163,743 )

Costs paid on behalf International Process Plants (Europe) Limited 2,045,830 1,287,231

Total amount due from International Process Plants (Europe) Limited at the
year end

17,259

194,025

12. ULTIMATE HOLDING COMPANY

The ultimate holding company is Newfuturevest II LLC, an entity incorporated in the United States of America. It's registered office is 17A Marlen Drive, Trenton, New Jersey, 08691, United States of America.