REGISTERED NUMBER: 09530866 (England and Wales)

Unaudited Financial Statements for the Year Ended 30 April 2025

for

IPUK Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

Mr David Upton

Mr David Matthews

REGISTERED OFFICE:

Queens Chambers

2nd Floor

5 John Dalton Street

Manchester

M2 6ET

REGISTERED NUMBER:

09530866 (England and Wales)

ACCOUNTANTS:

LJS Accounting Services (UK) Ltd

Unit 5, 1st Floor

Connect Business Village

24 Derby Road

Liverpool

Merseyside

L5 9PR

CURRENT ASSETS

Stocks

5

130,827

187,411

Debtors

6

2,387

81,634

Cash at bank

47,304

17,964

180,518

287,009

CREDITORS

Amounts falling due within one year

7

98,322

218,050

NET CURRENT ASSETS

82,196

68,959

TOTAL ASSETS LESS CURRENT LIABILITIES

82,196

68,959

CREDITORS

Amounts falling due after more than one year

8

11,332

31,753

NET ASSETS

70,864

37,206

CAPITAL AND RESERVES

Called up share capital

9

2

2

Retained earnings

10

70,862

37,204

SHAREHOLDERS' FUNDS

70,864

37,206

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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 7 November 2025 and were signed on its behalf by:

Mr David Upton - Director

1.	STATUTORY INFORMATION

IPUK 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.

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.

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.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2024 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

fittings

£

COST

At 1 May 2024

and 30 April 2025

2,297

DEPRECIATION

At 1 May 2024

and 30 April 2025

2,297

NET BOOK VALUE

At 30 April 2025

-

At 30 April 2024

-

5.

STOCKS

30.4.25

30.4.24

£

£

Stocks

130,827

187,411

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.4.25

30.4.24

£

£

Trade debtors

2,387

71,634

Other debtors

-

10,000

2,387

81,634

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.4.25

30.4.24

£

£

Bank loans and overdrafts

-

19,479

Trade creditors

3,115

3,322

Tax

13,088

3,983

Social security and other taxes

352

-

VAT

3,146

14,161

Other creditors

-

14,550

Directors' current accounts

76,616

160,895

Accrued expenses

2,005

1,660

98,322

218,050

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

30.4.25

30.4.24

£

£

Bank loans - 1-2 years

-

10,223

Bank loans - 2-5 years

11,332

21,530

11,332

31,753

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.4.25

30.4.24

value:

£

£

2

Ordinary

£1

2

2

10.

RESERVES

Retained

earnings

£

At 1 May 2024

37,204

Profit for the year

33,658

At 30 April 2025

70,862