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Registration number: 05243074

Interparcel Limited

Unaudited Filleted Financial Statements

for the Year Ended 31 August 2024

 

Interparcel Limited

Contents

Company Information

1

Accountants' Report

2

Statement of Financial Position

3 to 4

Notes to the Unaudited Financial Statements

5 to 9

 

Interparcel Limited

Company Information

Directors

M Walters

Ms S E G Loosemore

Company secretary

M Walters

Registered office

Platinum House
Gatwick Manor Business Park
Gatwick Road
Crawley
RH10 9NH

Accountants

Innovi Advisors Ltd
Chartered Certified Accountants163 Herne Hill
London
SE24 9LR

 

Chartered Certified Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
Interparcel Limited
for the Year Ended 31 August 2024

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Interparcel Limited for the year ended 31 August 2024 as set out on pages 3 to 9 from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at https://www.accaglobal.com/gb/en/member/standards/rules-and-standards/rulebook.html.

This report is made solely to the Board of Directors of Interparcel Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of Interparcel Limited and state those matters that we have agreed to state to the Board of Directors of Interparcel Limited, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/gb/en/technical-activities/technical-resources-search/2009/
october/factsheet-163-audit-exempt-companies.html. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Interparcel Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Interparcel Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and loss of Interparcel Limited. You consider that Interparcel Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of Interparcel Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.

......................................

Innovi Advisors Ltd
Chartered Certified Accountants
163 Herne Hill
London
SE24 9LR

28 August 2025

 

Interparcel Limited

(Registration number: 05243074)
Statement of Financial Position as at 31 August 2024

Note

2024
£

2023
£

Fixed assets

 

Intangible assets

4

35,977

36,004

Tangible assets

5

79,476

54,293

 

115,453

90,297

Current assets

 

Debtors

6

813,915

798,343

Cash at bank and in hand

 

459,287

1,032,811

 

1,273,202

1,831,154

Creditors: Amounts falling due within one year

7

(1,252,381)

(1,638,645)

Net current assets

 

20,821

192,509

Net assets

 

136,274

282,806

Capital and reserves

 

Called up share capital

8

900

900

Capital redemption reserve

100

100

Retained earnings

135,274

281,806

Shareholders' funds

 

136,274

282,806

 

Interparcel Limited

(Registration number: 05243074)
Statement of Financial Position as at 31 August 2024 (continued)

For the financial year ending 31 August 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the IncomeStatement.

Approved and authorised by the Board on 28 August 2025 and signed on its behalf by:
 

M Walters
Company secretary and director

Ms S E G Loosemore
Director

 
     
 

Interparcel Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2024

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Platinum House
Gatwick Manor Business Park
Gatwick Road
Crawley
RH10 9NH

2

Accounting policies

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The presentation currency of the financial statements is Pound Sterling (£) rounded to the nearest Pound.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

 

Interparcel Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2024 (continued)

2

Accounting policies (continued)

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Office equipment

25% Reducing balance

Computer equipment

33% Reducing balance

Leasehold property

20% Straight line

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated mortisation and any accumulated impairment losses.

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class

Amortisation method and rate

Computer software

evenly over its estimated life of five years

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

 

Interparcel Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2024 (continued)

2

Accounting policies (continued)

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 25 (2023 - 30).

4

Intangible assets

Computer software
 £

Total
£

Cost or valuation

At 1 September 2023

319,625

319,625

Additions acquired separately

17,957

17,957

At 31 August 2024

337,582

337,582

Amortisation

At 1 September 2023

283,621

283,621

Amortisation charge

17,984

17,984

At 31 August 2024

301,605

301,605

Carrying amount

At 31 August 2024

35,977

35,977

At 31 August 2023

36,004

36,004

 

Interparcel Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2024 (continued)

5

Tangible assets

Long leasehold land and buildings
£

Computer equipment
£

Total
£

Cost or valuation

At 1 September 2023

-

224,776

224,776

Additions

28,309

16,961

45,270

At 31 August 2024

28,309

241,737

270,046

Depreciation

At 1 September 2023

-

170,483

170,483

Charge for the year

4,718

15,369

20,087

At 31 August 2024

4,718

185,852

190,570

Carrying amount

At 31 August 2024

23,591

55,885

79,476

At 31 August 2023

-

54,293

54,293

6

Debtors

Current

Note

2024
£

2023
£

Trade debtors

 

559,798

483,988

Amounts owed by related parties

-

45,519

Prepayments

 

123,775

71,875

Other debtors

 

130,342

196,961

   

813,915

798,343

 

Interparcel Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2024 (continued)

7

Creditors

Creditors: amounts falling due within one year

Note

2024
£

2023
£

Due within one year

 

Trade creditors

 

935,271

1,315,769

Amounts owed to group undertakings

2,853

-

Taxation and social security

 

46,172

76,143

Accruals and deferred income

 

264,256

245,993

Other creditors

 

3,829

740

 

1,252,381

1,638,645

8

Share capital

Allotted, called up and fully paid shares

2024

2023

No.

£

No.

£

Ordinary of £1 each

900

900

900

900

       

Ultimate controlling party

The ultimate controlling party of Interparcel Limited is Mr M Walters, a director who owns 77.78% of the ordinary share capital.