REGISTERED NUMBER: 06965876 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 December 2024

for

Ipsosolo Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr R H Munding

Mr S Ekins

Mr R Herbert

C L West

REGISTERED OFFICE:

BCL House

2 Pavilion Business Park

Royds Hall Road

LEEDS

West Yorkshire

LS12 6AJ

REGISTERED NUMBER:

06965876 (England and Wales)

ACCOUNTANTS:

SMH BCL Accountants Ltd

2, Pavilion Business Park

Royds Hall Road

Lower Wortley

Leeds

LS12 6AJ

FIXED ASSETS

Tangible assets

4

3,004

5,482

CURRENT ASSETS

Stocks

1,450,626

1,982,163

Debtors

5

2,203,573

2,159,837

Cash at bank

328,209

53,939

3,982,408

4,195,939

CREDITORS

Amounts falling due within one year

6

2,430,062

2,535,224

NET CURRENT ASSETS

1,552,346

1,660,715

TOTAL ASSETS LESS CURRENT LIABILITIES

1,555,350

1,666,197

PROVISIONS FOR LIABILITIES

710

1,041

NET ASSETS

1,554,640

1,665,156

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

1,554,540

1,665,056

SHAREHOLDERS' FUNDS

1,554,640

1,665,156

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.

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 29 September 2025 and were signed on its behalf by:

Mr S Ekins - Director

1.	STATUTORY INFORMATION

Ipsosolo 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.

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.

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.

Fixtures and fittings

-

15% on reducing balance

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.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

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.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 16 (2023 - 16 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

Computer

fittings

equipment

Totals

£

£

£

COST

At 1 January 2024

and 31 December 2024

2,292

27,344

29,636

DEPRECIATION

At 1 January 2024

244

23,910

24,154

Charge for year

307

2,171

2,478

At 31 December 2024

551

26,081

26,632

NET BOOK VALUE

At 31 December 2024

1,741

1,263

3,004

At 31 December 2023

2,048

3,434

5,482

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

1,852,989

1,886,094

Other debtors

350,584

273,743

2,203,573

2,159,837

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Bank loans and overdrafts

582,426

708,154

Trade creditors

1,071,884

1,036,352

Taxation and social security

535,322

421,570

Other creditors

240,430

369,148

2,430,062

2,535,224

7.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 December 2024 and 31 December 2023:

2024

2023

£

£

Mr S Ekins

Balance outstanding at start of year

28,461

130

Amounts advanced

54,000

82,331

Amounts repaid

(54,000

)

(54,000

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

28,461

28,461

Mr R Herbert

Balance outstanding at start of year

28,292

(30

)

Amounts advanced

54,000

82,322

Amounts repaid

(54,000

)

(54,000

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

28,292

28,292

Mr R H Munding

Balance outstanding at start of year

28,526

203

Amounts advanced

72,000

99,323

Amounts repaid

(72,000

)

(71,000

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

28,526

28,526

C L West

Balance outstanding at start of year

33,322

-

Amounts advanced

-

33,322

Amounts repaid

-

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

33,322

33,322

8.	ULTIMATE CONTROLLING PARTY

The ultimate controlling parties are the directors by virtue of their shareholdings within the company.