IPT SCHOOLS LIMITED

Company Registration Number:
13749824 (England and Wales)

Unaudited abridged accounts for the year ended 30 November 2024

Period of accounts

Start date: 01 December 2023

End date: 30 November 2024

IPT SCHOOLS LIMITED

Contents of the Financial Statements

for the Period Ended 30 November 2024

Balance sheet
Notes

IPT SCHOOLS LIMITED

Balance sheet

As at 30 November 2024


Notes
2024
2023


£
£
Fixed assets
Tangible assets: 3 44,797 16,394
Total fixed assets: 44,797 16,394
Current assets
Debtors:   570,448 287,848
Cash at bank and in hand: 134,104 13,281
Total current assets: 704,552 301,129
Creditors: amounts falling due within one year:   (737,217) (313,253)
Net current assets (liabilities): (32,665) (12,124)
Total assets less current liabilities: 12,132 4,270
Creditors: amounts falling due after more than one year:   (11,199) (3,024)
Total net assets (liabilities): 933 1,246
Capital and reserves
Called up share capital: 100 100
Profit and loss account: 833 1,146
Shareholders funds: 933 1,246

The notes form part of these financial statements

IPT SCHOOLS LIMITED

Balance sheet statements

For the year ending 30 November 2024 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 28 November 2025
and signed on behalf of the board by:

Name: M Burrell
Status: Director

The notes form part of these financial statements

IPT SCHOOLS LIMITED

Notes to the Financial Statements

for the Period Ended 30 November 2024

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Turnover policy

Revenue comprises sales of goods or services provided to customers net of value added tax and other sales taxes, less an appropriate deduction for actual and expected returns and discounts. Revenue is recognised when performance obligations are satisfied and the control of goods or services is transferred to the buyer. Where the performance obligation is satisfied over time, revenue is recognised in accordance with its progress towards complete satisfaction of that performance obligation. When cash inflows are deferred and represent a financing arrangement, the promised consideration is adjusted for the effects of the time value of money, which is recognised as interest income. The company recognises revenue from the following major sources: - Sale of Services The nature, timing of satisfaction of performance obligations and significant payment terms of the company's major sources of revenue are as follows: Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have passed to the buyer (usually on dispatch of the goods), the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the entity and the costs incurred or to be incurred in respect of the transaction can be measured reliably. Sale of Services Revenue from contracts for the provision of professional services is recognised by reference to the stage of completion when the stage of completion, costs incurred and costs to complete can be estimated reliably. The stage of completion is calculated by comparing costs incurred, mainly in relation to contractual hourly staff rates and materials, as a proportion of total costs. Where the outcome cannot be estimated reliably, revenue is recognised only to the extent of the expenses recognised that are recoverable.

Tangible fixed assets and depreciation policy

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses. Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases: Fixtures and fittings 25% Straight Line Motor vehicles 25% Straight Line The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

IPT SCHOOLS LIMITED

Notes to the Financial Statements

for the Period Ended 30 November 2024

2. Employees

2024 2023
Average number of employees during the period 15 10

IPT SCHOOLS LIMITED

Notes to the Financial Statements

for the Period Ended 30 November 2024

3. Tangible Assets

Total
Cost £
At 01 December 2023 22,430
Additions 35,545
At 30 November 2024 57,975
Depreciation
At 01 December 2023 6,036
Charge for year 7,142
At 30 November 2024 13,178
Net book value
At 30 November 2024 44,797
At 30 November 2023 16,394