REGISTERED NUMBER: 11893719 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST JANUARY 2025

FOR

IPS CONSTRUCTION SOUTH EAST LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

M Prosser

C Knowles

SECRETARY:

Mrs. I M Prosser

REGISTERED OFFICE:

Westgate House

87 St Dunstans Street

Canterbury

Kent

CT2 8AE

REGISTERED NUMBER:

11893719 (England and Wales)

ACCOUNTANTS:

Spain Brothers & Co

Chartered Accountants

Westgate House

87 St Dunstans Street

Canterbury

Kent

CT2 8AE

FIXED ASSETS

Intangible assets

4

800

3,200

Tangible assets

5

63,840

76,789

64,640

79,989

CURRENT ASSETS

Stocks

6

27,000

88,400

Debtors

7

79,945

46,188

Cash at bank

1,390

67,906

108,335

202,494

CREDITORS

Amounts falling due within one year

8

176,554

244,790

NET CURRENT LIABILITIES

(68,219

)

(42,296

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(3,579

)

37,693

CREDITORS

Amounts falling due after more than one year

9

3,500

8,167

NET (LIABILITIES)/ASSETS

(7,079

)

29,526

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

(7,179

)

29,426

(7,079

)

29,526

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st January 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st January 2025 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 30th October 2025 and were signed on its behalf by:

M Prosser - Director

1.	STATUTORY INFORMATION

IPS Construction South East 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.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2020, is being amortised evenly over its estimated useful life of five years.

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.

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.

Plant and machinery

-

15% on reducing balance

Fixtures and fittings

-

15% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

33% on reducing balance

Stocks

Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2024 - 3 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1st February 2024

and 31st January 2025

12,000

AMORTISATION

At 1st February 2024

8,800

Charge for year

2,400

At 31st January 2025

11,200

NET BOOK VALUE

At 31st January 2025

800

At 31st January 2024

3,200

5.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

Computer

machinery

fittings

vehicles

equipment

Totals

£

£

£

£

£

COST

At 1st February 2024

28,144

2,092

78,509

1,110

109,855

Additions

3,333

1,108

-

290

4,731

At 31st January 2025

31,477

3,200

78,509

1,400

114,586

DEPRECIATION

At 1st February 2024

11,296

951

19,965

854

33,066

Charge for year

2,611

323

14,636

110

17,680

At 31st January 2025

13,907

1,274

34,601

964

50,746

NET BOOK VALUE

At 31st January 2025

17,570

1,926

43,908

436

63,840

At 31st January 2024

16,848

1,141

58,544

256

76,789

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Motor

vehicles

£

COST

At 1st February 2024

and 31st January 2025

43,005

DEPRECIATION

At 1st February 2024

3,584

Charge for year

9,855

At 31st January 2025

13,439

NET BOOK VALUE

At 31st January 2025

29,566

At 31st January 2024

39,421

6.

STOCKS

2025

2024

£

£

Stocks

1,000

1,000

Work-in-progress

26,000

87,400

27,000

88,400

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

7,059

(1,451

)

Other debtors

10,000

-

VAT

13,900

41,688

Accrued income

41,000

-

Prepayments

7,986

5,951

79,945

46,188

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Other loans (see note 10)

114,846

55,800

Hire purchase contracts

4,667

4,667

Trade creditors

31,865

25,480

Credit Cards

2,834

3,403

Tax

995

6,557

Social security and other taxes

12,014

3,009

Directors' current accounts

63

1,792

Accruals and deferred income

9,270

144,082

176,554

244,790

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Hire purchase contracts

3,500

8,167

10.

LOANS

An analysis of the maturity of loans is given below:

2025

2024

£

£

Amounts falling due within one year or on demand:

Other loans

79,820

55,800

Intercompany loan

35,026

-

114,846

55,800

Amounts due under Hire Purchase contracts are secured on the assets concerned.