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REGISTERED NUMBER: 04323165 (England and Wales)















Financial Statements

for the Year Ended 30 November 2024

for

International Power and Marine Group Ltd

International Power and Marine Group Ltd (Registered number: 04323165)






Contents of the Financial Statements
for the Year Ended 30 November 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Accountants' Report 8

International Power and Marine Group Ltd

Company Information
for the Year Ended 30 November 2024







DIRECTORS: Mrs S J Frearson
R J Frearson
R T Smith
C B Lewis
Mrs N C Stevenson





SECRETARY: R J Frearson





REGISTERED OFFICE: Ascension House
Ground Floor
Crown Square, First Avenue
Burton on Trent
Staffordshire
DE14 2WW





REGISTERED NUMBER: 04323165 (England and Wales)





ACCOUNTANTS: Tomkinson Teal (Lichfield) LLP
Hanover Court
5 Queen Street
Lichfield
Staffordshire
WS13 6QD

International Power and Marine Group Ltd (Registered number: 04323165)

Balance Sheet
30 November 2024

2024 2023
Notes £    £   
FIXED ASSETS
Property, plant and equipment 4 504,821 81,910
Investments 5 365,909 365,909
870,730 447,819

CURRENT ASSETS
Inventories 226,933 -
Debtors 6 5,584,930 2,323,168
Cash at bank 1,148,230 1,232,514
6,960,093 3,555,682
CREDITORS
Amounts falling due within one year 7 (4,426,838 ) (1,870,960 )
NET CURRENT ASSETS 2,533,255 1,684,722
TOTAL ASSETS LESS CURRENT
LIABILITIES

3,403,985

2,132,541

CREDITORS
Amounts falling due after more than one
year

8

(45,409

)

-

PROVISIONS FOR LIABILITIES 9 (18,548 ) (18,548 )
NET ASSETS 3,340,028 2,113,993

CAPITAL AND RESERVES
Called up share capital 77 76
Capital redemption reserve 24 24
Retained earnings 3,339,927 2,113,893
SHAREHOLDERS' FUNDS 3,340,028 2,113,993

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 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.

International Power and Marine Group Ltd (Registered number: 04323165)

Balance Sheet - continued
30 November 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 28 August 2025 and were signed on its behalf by:





R J Frearson - Director


International Power and Marine Group Ltd (Registered number: 04323165)

Notes to the Financial Statements
for the Year Ended 30 November 2024

1. STATUTORY INFORMATION

International Power and Marine Group 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 presentation currency of the financial statements is the Pound Sterling (£).


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.

Preparation of consolidated financial statements
The financial statements contain information about Power Consulting (Midlands) Limited and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 402 of the Companies Act 2006 from the requirement to prepare consolidated financial statements as the subsidiary's financial information is immaterial individually and collectively.

Turnover
Revenue 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 - 25% on cost and 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing stock to its present location and condition. Cost is calculated using the first-in, first-out formula. Provision is made for damaged, obsolete and slow-moving stock where appropriate.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


International Power and Marine Group Ltd (Registered number: 04323165)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2024

2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

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.

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.

Freehold property
Freehold property lease has been capitalised as a right of use asset and is depreciated over the term of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 34 (2023 - 15 ) .

4. PROPERTY, PLANT AND EQUIPMENT
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 December 2023 55,560 292,278 347,838
Additions 186,477 441,226 627,703
Disposals - (77,474 ) (77,474 )
At 30 November 2024 242,037 656,030 898,067
DEPRECIATION
At 1 December 2023 47,843 218,085 265,928
Charge for year 54,657 143,532 198,189
Eliminated on disposal - (70,871 ) (70,871 )
At 30 November 2024 102,500 290,746 393,246
NET BOOK VALUE
At 30 November 2024 139,537 365,284 504,821
At 30 November 2023 7,717 74,193 81,910

International Power and Marine Group Ltd (Registered number: 04323165)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2024

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 December 2023
and 30 November 2024 365,909
NET BOOK VALUE
At 30 November 2024 365,909
At 30 November 2023 365,909

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 2,162,856 1,424,020
Amounts owed by group undertakings 1,004,614 -
Amounts owed by joint ventures 35,306 35,306
Amounts owed by associates - 500,000
Other debtors 2,382,154 363,842
5,584,930 2,323,168

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 549,427 -
Hire purchase contracts 47,500 9,481
Trade creditors 758,220 560,221
Taxation and social security 721,464 598,900
Other creditors 2,350,227 702,358
4,426,838 1,870,960

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Hire purchase contracts 45,409 -

9. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 18,548 18,548

International Power and Marine Group Ltd (Registered number: 04323165)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2024

9. PROVISIONS FOR LIABILITIES - continued

Deferred
tax
£   
Balance at 1 December 2023 18,548
Charge to profit and loss
Balance at 30 November 2024 18,548

10. ULTIMATE CONTROLLING PARTY

No one person or entity is in overall control of the company.

On 5 December 2023, International Power and Marine Group Limited became a wholly owned subsidiary of International Power and Marine Holdings Limited.

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
International Power and Marine Group Ltd

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Profit and Loss Account and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of International Power and Marine Group Ltd for the year ended 30 November 2024 which comprise the Profit and Loss Account, Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of International Power and Marine Group Ltd, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of International Power and Marine Group Ltd and state those matters that we have agreed to state to the Board of Directors of International Power and Marine Group Ltd, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than International Power and Marine Group Ltd and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that International Power and Marine Group Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of International Power and Marine Group Ltd. You consider that International Power and Marine Group Ltd 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 financial statements of International Power and Marine Group Ltd. 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 financial statements.






Tomkinson Teal (Lichfield) LLP
Hanover Court
5 Queen Street
Lichfield
Staffordshire
WS13 6QD


28 August 2025