Company registration number: 03462916
Unaudited financial statements
for the year ended 31 December 2024
for
ILP Direct Limited
Pages for filing with the Registrar
Company registration number: 03462916
ILP Direct Limited
Balance sheet
as at 31 December 2024
2024 2023
Note £ £ £ £
Fixed assets
Intangible assets 4 - -
Tangible assets 5 167 10,756
Investments 6 123,080 123,080
123,247 133,836
Current assets
Stocks - 1,632
Debtors - 39,721
Cash at bank and in hand 49,803 97,766
49,803 139,119
Creditors: amounts falling due within one
year 		(1,591) (62,284)
Net current assets 48,212 76,835
Total assets less current liabilities 171,459 210,671
NET ASSETS 171,459 210,671
Capital and reserves
Called up share capital 100 100
Profit and loss account 171,359 210,571
TOTAL EQUITY 171,459 210,671
The company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies for the year ended 31 December 2024.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities to comply with the Companies Act 2006 in respect to accounting records and the preparation of financial statements.
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Company registration number: 03462916
ILP Direct Limited
Balance sheet - continued
as at 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 Profit and loss account has not been delivered to the Registrar.
These financial statements were approved by the Board of directors and authorised for issue on 15 September 2025 and signed on its behalf by:
Mr I Potts, Director
15 September 2025
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ILP Direct Limited
Notes to the financial statements
for the year ended 31 December 2024
1 Company information
ILP Direct Limited is a private company registered in England and Wales. Its registered number is 03462916. The company is limited by shares. Its registered office is Spong Farm, Elmsted, Ashford, Kent, TN25 5JU.
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 historic cost convention.
Going concern
In preparing these financial statements, the directors have assessed whether there are any material uncertainties related to events or conditions that cast significant doubt upon the company's ability to continue as a going concern. In making this assessment, the directors take into account all available information about the future which is at least 12 months from the date that the financial statements are authorised for issue.
The directors consider that the company has adequate resources to continue in business for the foreseeable future and that it is appropriate to adopt the going concern basis in preparing the financial statements.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, Value Added Tax and other sales taxes.
Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.
Amortisation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Goodwill - 33.33% straight line
Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Land and buildings:
Long leasehold property - 15% straight line
Plant and machinery etc.:
Plant and machinery - 15% reducing balance
Fixtures & fittings - 25% reducing balance
Computer equipment - 25% straight line
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ILP Direct Limited
Notes to the financial statements - continued
for the year ended 31 December 2024
2 Accounting policies - continued
Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.
Taxation
Taxation for the year comprises current taxation. 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 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.
3 Average number of employees
During the year the average number of employees was 2 (2023 - 2).
4 Intangible assets
Goodwill
£
Cost
At 1 January 2024 5,000
Disposals (5,000)
At 31 December 2024 -
Amortisation
At 1 January 2024 5,000
Eliminated on disposal (5,000)
At 31 December 2024 -
Net book value
At 31 December 2024 -
At 31 December 2023 -
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ILP Direct Limited
Notes to the financial statements - continued
for the year ended 31 December 2024
5 Tangible fixed assets
Land and
buildings 		Plant and
machinery
etc. 		Totals
£ £ £
Cost
At 1 January 2024 13,673 91,338 105,011
Disposals (13,673) (91,005) (104,678)
At 31 December 2024 - 333 333
Depreciation
At 1 January 2024 13,673 80,582 94,255
Charge for year - 83 83
Eliminated on disposal (13,673) (80,499) (94,172)
At 31 December 2024 - 166 166
Net book value
At 31 December 2024 - 167 167
At 31 December 2023 - 10,756 10,756
6 Fixed asset investments
Investments other than loans
Other
investments
other than
loans
£
Cost
At 1 January 2024 123,080
At 31 December 2024 123,080
Net book value
At 31 December 2024 123,080
At 31 December 2023 123,080
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ILP Direct Limited
Notes to the financial statements - continued
for the year ended 31 December 2024
7 Advances, credit and guarantees granted to directors
The following advances and credits to directors subsisted during the years ended 31 December 2024 and 31 December 2023.
2024 2023
£ £
Mr I. L. Potts
Balance outstanding at start of year (491)
Amounts advanced 399
Balance outstanding at end of year (92)
2024 2023
£ £
Mrs J. Dunster
Balance outstanding at start of year (491) -
Amounts advanced 399 -
Balance outstanding at end of year (92) -
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