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COMPANY REGISTRATION NUMBER: 05222752

I & P Management Services Ltd

Filleted Unaudited Financial Statements

30 September 2024

I & P Management Services Ltd

Financial Statements

Year ended 30 September 2024

Contents | Page

Chartered accountants report to the board of directors on the preparation of the unaudited statutory financial statements | 1

Statement of financial position | 2

Notes to the financial statements | 4

I & P Management Services Ltd

Chartered Accountants Report to the Board of Directors on the Preparation of the Unaudited Statutory Financial Statements of I & P Management Services Ltd

Year ended 30 September 2024
As described on the statement of financial position, the directors of the company are responsible for the preparation of the financial statements for the year ended 30 September 2024, which comprise the statement of financial position and the related notes. You consider that the company is exempt from an audit under the Companies Act 2006. In accordance with your instructions we have compiled these financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and from information and explanations supplied to us.
HARPER SHELDON LIMITED Chartered Accountants
Midway House Staverton Technology Park Herrick Way, Staverton Cheltenham, Glos. GL51 6TQ
14 November 2025

I & P Management Services Ltd

Statement of Financial Position

30 September 2024

| 2024 | 2023
Note | £ | £

Fixed assets

Tangible assets | 5 | 194 | 324

Current assets

Debtors | 6 | 322,543 | 376,253
Cash at bank and in hand | 671 | 90
| --------- | ---------
| 323,214 | 376,343

Creditors: amounts falling due within one year | 7 | 295,834 | 348,643
| --------- | ---------
Net current assets | 27,380 | 27,700
| -------- | --------
Total assets less current liabilities | 27,574 | 28,024

Creditors: amounts falling due after more than one year | 8 | 25,073 | 26,765
| -------- | --------
Net assets | 2,501 | 1,259
| -------- | --------

Capital and reserves

Called up share capital | 100 | 100
Profit and loss account | 2,401 | 1,159
| ------- | -------
Shareholders funds | 2,501 | 1,259
| ------- | -------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 30 September 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

I & P Management Services Ltd

Statement of Financial Position (continued)

30 September 2024
These financial statements were approved by the board of directors and authorised for issue on 14 November 2025 , and are signed on behalf of the board by:

Mr P D Barber | Mr I P Boundy-Yates
Director | Director

Company registration number: 05222752

I & P Management Services Ltd

Notes to the Financial Statements

Year ended 30 September 2024
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Midway House, Herrick Way, Staverton Technology Park, Staverton, Cheltenham, GL51 6TQ.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Income tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Operating leases
Lease income is recognised in profit or loss on a straight line basis over the lease term. The aggregate cost of lease incentives are recognised as a reduction to income over the lease term on a straight-line basis. Costs, including depreciation, incurred in earning the lease income are recognised as an expense. Any initial direct costs incurred in negotiating and arranging the operating lease are added to the carrying amount of the lease and recognised as an expense over the lease term on the same basis as the lease income.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

| Office Equipment | - | 40% reducing balance

Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 80 (2023: 87 ).
5. Tangible assets

| Office Equipment
| £
Cost |
At 1 October 2023 and 30 September 2024 | 1,500
| -------
Depreciation |
At 1 October 2023 | 1,176
Charge for the year | 130
| -------
At 30 September 2024 | 1,306
| -------
Carrying amount |
At 30 September 2024 | 194
| -------
At 30 September 2023 | 324
| -------

6. Debtors

| 2024 | 2023
| £ | £
Trade debtors | 161,821 | 259,744
Amounts owed by group undertakings and undertakings in which the company has a participating interest | 16,692 | 18,227
Other debtors | 144,030 | 98,282
| --------- | ---------
| 322,543 | 376,253
| --------- | ---------

7. Creditors: amounts falling due within one year

| 2024 | 2023
| £ | £
Bank loans and overdrafts | 9,009 | 9,700
Trade creditors | 21,332 | 13,546
Corporation tax | 18,805 | 19,159
Social security and other taxes | 126,942 | 127,235
Outsauce Loan | 80,632 | 155,950
Other creditors | 39,114 | 23,053
| --------- | ---------
| 295,834 | 348,643
| --------- | ---------

8. Creditors: amounts falling due after more than one year

| 2024 | 2023
| £ | £
Bank loans and overdrafts | 25,073 | 26,765
| -------- | --------

9. Directors' advances, credits and guarantees
During the year the directors entered into the following advances and credits with the company:

| 2024
|  | Balance brought forward | Advances/ (credits) to the directors | Amounts repaid | Balance outstanding
|  | £ | £ | £ | £
| Mr P D Barber | 11,953 | 11,040 | – | 22,993
| Mr I P Boundy-Yates | 37,711 | 27,540 | – | 65,251
|  | -------- | -------- | ---- | --------
|  | 49,664 | 38,580 | – | 88,244
|  | -------- | -------- | ---- | --------

| 2023
|  | Balance brought forward | Advances/ (credits) to the directors | Amounts repaid | Balance outstanding
|  | £ | £ | £ | £
| Mr P D Barber | 3,221 | 8,732 | – | 11,953
| Mr I P Boundy-Yates | 37,779 | 22,932 | ( 23,000) | 37,711
|  | -------- | -------- | -------- | --------
|  | 41,000 | 31,664 | ( 23,000) | 49,664
|  | -------- | -------- | -------- | --------

10. Related party transactions
The company was under the control of Mr I P Yates & Mr P D Barber throughout the current and previous year through virtue of their shareholdings. Transactions with Directors During the year the company loaned money to and received money from Assisted Care Solutions Ltd an incorporated business owned by the directors. At the balance sheet date £16,692 was owed to the company by Assisted Care Solutions Ltd.
11. Debenture
A charge was created and registered at Companies House on 1 December 2005 by the company's payroll and finance facility, Outsauce Financing Limited, by way of a legal mortgage and fixed and floating charges over all the assets of the company.