REGISTERED NUMBER: 08633026 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

IPFT FUELS LIMITED

Page

Balance Sheet

1

Notes to the Financial Statements

2

FIXED ASSETS

Intangible assets

4

15,731

104

Tangible assets

5

3,708

5,583

19,439

5,687

CURRENT ASSETS

Debtors

6

27,358

65,826

Cash at bank

16,997

115,543

44,355

181,369

CREDITORS

Amounts falling due within one year

7

(296,967

)

(285,693

)

NET CURRENT LIABILITIES

(252,612

)

(104,324

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(233,173

)

(98,637

)

CREDITORS

Amounts falling due after more than one year

8

(28,979

)

(29,450

)

NET LIABILITIES

(262,152

)

(128,087

)

CAPITAL AND RESERVES

Called up share capital

9

1,000

1,000

Retained earnings

(263,152

)

(129,087

)

SHAREHOLDERS' FUNDS

(262,152

)

(128,087

)

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 director acknowledges his 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 director and authorised for issue on 30 September 2025 and were signed by:

A Vepari - Director

1.	STATUTORY INFORMATION

IPFT Fuels Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number:

08633026

Registered office:

3rd Floor

21 Perrymount Road

Haywards Heath

RH16 3TP

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.

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.

Patents and licences are being amortised evenly over their estimated useful life of ten years.

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

-

20% on reducing balance

Computer equipment

-

33% on cost

Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

Taxation

Taxation for the year comprises current 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 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.

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.

Going concern

After reviewing the company's forecasts and projections, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence.

As at the balance sheet date, current liabilities exceeded current assets by £260,414 (2023: £128,087). The validity of this basis depends upon the continued support of the company's directors, which is expected to be forthcoming.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4.	INTANGIBLE FIXED ASSETS

Patents

and

licences

£

COST

At 1 January 2024

148

Additions

17,380

At 31 December 2024

17,528

AMORTISATION

At 1 January 2024

44

Amortisation for year

1,753

At 31 December 2024

1,797

NET BOOK VALUE

At 31 December 2024

15,731

At 31 December 2023

104

5.	TANGIBLE FIXED ASSETS

Plant and

Computer

machinery

equipment

Totals

£

£

£

COST

At 1 January 2024

and 31 December 2024

13,185

3,588

16,773

DEPRECIATION

At 1 January 2024

8,945

2,245

11,190

Charge for year

848

1,027

1,875

At 31 December 2024

9,793

3,272

13,065

NET BOOK VALUE

At 31 December 2024

3,392

316

3,708

At 31 December 2023

4,240

1,343

5,583

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

-

200

Other debtors

-

6,333

VAT

5,815

18,916

Prepayments and accrued income

21,543

40,377

27,358

65,826

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Bank loans and overdrafts

5,189

9,841

Trade creditors

47,154

58,866

Tax

18,175

18,175

Social security and other taxes

6,120

4,992

Other creditors

8,703

2,237

Directors' current accounts

123,982

122,538

Accruals and deferred income

87,644

69,044

296,967

285,693

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024

2023

£

£

Bank loans - 1-2 years

5,321

10,027

Bank loans - 2-5 years

16,783

19,423

Bank loans more 5 yr by instal

6,875

-

28,979

29,450

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

6,875

-

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2024

2023

value:

£

£

1,000

Ordinary

£1

1,000

1,000

10.	PORTFOLIO OF INTELLECTUAL PROPERTY AND ASSOCIATED RIGHTS

The Company is working in the development of Automated, Conductive, Device - Underbody (ACD-U) technology. The Company has been granted patents in the UK, Japan, Saudi Arabia, USA and has filed similar claims in major automotive jurisdictions globally. The accounts do not take account of any value to this portfolio of intellectual property and associated rights. The Board is of the opinion that these assets represent considerable value, and it is the company's strategy to continue its investments in this area. In the forthcoming accounting periods, expert opinions will be taken and a quantifiable representation of the Company's intangible assets will be made.