IPM Catering Limited

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—5

Registered number: 06288423

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		21,941		19,810

			21,941		19,810
CURRENT ASSETS
Stocks		28,248		21,450
Debtors	5	241,111		218,767
Cash at bank and in hand		10,945		34,991

		280,304		275,208
Creditors: Amounts Falling Due Within One Year	6	(238,273 )		(222,565 )

NET CURRENT ASSETS (LIABILITIES)			42,031		52,643

TOTAL ASSETS LESS CURRENT LIABILITIES			63,972		72,453

Creditors: Amounts Falling Due After More Than One Year	7		(1,600 )		(11,200 )

NET ASSETS			62,372		61,253

CAPITAL AND RESERVES
Called up share capital	9		100		100
Profit and Loss Account			62,272		61,153

SHAREHOLDERS' FUNDS			62,372		61,253

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IPM Catering Limited

Balance Sheet (continued)

As At 31 March 2025

For the year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

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

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

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

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Mr Mark Scott

Director

19 December 2025

The notes on pages 3 to 5 form part of these financial statements.

1. General Information

IPM Catering Limited Registered number 06288423 is a limited by shares company incorporated in England & Wales. The Registered Office is 7 Ladybower Close, Kettering, Northamptonshire, NN16 8LU. The principal place of business address is Northfield Lodge, Northfield Road, Cransley, Northamptonshire, NN14 1PZ.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Turnover

Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.

2.3. Tangible Fixed Assets and Depreciation

Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Plant & Machinery	25% reducing balance
Motor Vehicles	15% reducing balance

2.4. Leasing and Hire Purchase Contracts

Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the profit and loss account as incurred.

2.5. Stocks and Work in Progress

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 stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.

2.6. Pensions

The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.

2.7. Registrar Filing Requirements

The company has taken advantage of Companies Act 2006 section 444(1) and opted not to file the profit and loss account, directors report, and notes to the financial statements relating to the profit and loss account.

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IPM Catering Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

3. Average Number of Employees

Average number of employees, including directors, during the year was: 10 (2024: 9)

4. Tangible Assets

	Plant & Machinery	Motor Vehicles	Total
	£	£	£
Cost
As at 1 April 2024	19,645	28,638	48,283
Additions	5,649	-	5,649

As at 31 March 2025	25,294	28,638	53,932

Depreciation
As at 1 April 2024	12,917	15,556	28,473
Provided during the period	1,038	2,480	3,518

As at 31 March 2025	13,955	18,036	31,991

Net Book Value
As at 31 March 2025	11,339	10,602	21,941

As at 1 April 2024	6,728	13,082	19,810

5. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	223,122	218,059
Prepayments and accrued income	17,989	708

	241,111	218,767

6. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Net obligations under finance lease and hire purchase contracts	-	2,021
Trade creditors	170,383	148,969
Bank loans and overdrafts	9,600	9,600
Corporation tax	11,158	12,327
Other taxes and social security	35,631	36,680
Other creditors	5,907	8,847
Shareholders' loan	901	1,321
Accruals and deferred income	4,469	2,295
Director's loan account	224	505

	238,273	222,565

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IPM Catering Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

7. Creditors: Amounts Falling Due After More Than One Year

	2025	2024
	£	£
Bank loans	1,600	11,200

8. Secured Creditors

Of the creditors falling due within and after more than one year the following amounts are secured by charges over the asset financed.

	2025		2024
	£		£
Net obligations under finance lease and hire purchase contracts	-		2,021

9. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	100	100

10. Other Commitments

At the end of the period the company had minimum lease payments under non-cancellable leases as follows:

	2025	2024
	£	£
Not later than one year	5,383	6,210
Later than one year and not later than five years	138,680	73,001

	144,063	79,211

11. Directors Advances, Credits and Guarantees

Dividends paid to directors

	2025	2024
	£	£
Mr Mark Scott	24,000	18,000

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