REGISTERED NUMBER: 08861045 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31st March 2025

for

Ipsum Plus Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr I D Watson

Mrs L M Watson

Mr M S Watson

REGISTERED OFFICE:

Primrose Cottage

College Road

Denstone

Staffordshire

ST14 5HR

REGISTERED NUMBER:

08861045 (England and Wales)

ACCOUNTANTS:

Rice & Co Limited

Chartered Accountants

14a Market Place

Uttoxeter

Staffordshire

ST14 8HP

FIXED ASSETS

Tangible assets

4

4,483

4,443

CURRENT ASSETS

Debtors

5

252,924

251,211

Cash at bank

56,766

117,693

309,690

368,904

CREDITORS

Amounts falling due within one year

6

206,780

235,003

NET CURRENT ASSETS

102,910

133,901

TOTAL ASSETS LESS CURRENT LIABILITIES

107,393

138,344

PROVISIONS FOR LIABILITIES

1,188

1,111

NET ASSETS

106,205

137,233

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

106,203

137,231

SHAREHOLDERS' FUNDS

106,205

137,233

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 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 22nd December 2025 and were signed on its behalf by:

Mr I D Watson - Director

1.	STATUTORY INFORMATION

Ipsum Plus 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 and value added tax. Turnover is recognised when services have been provided resulting in the company obtaining the right to consideration.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Computer equipment

-

25% on reducing balance

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.

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 2 (2024 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Computer

equipment

£

COST

At 1st April 2024

10,449

Additions

1,199

At 31st March 2025

11,648

DEPRECIATION

At 1st April 2024

6,006

Charge for year

1,159

At 31st March 2025

7,165

NET BOOK VALUE

At 31st March 2025

4,483

At 31st March 2024

4,443

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

108,688

110,531

Other debtors

144,236

140,680

252,924

251,211

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

30,083

39,121

Taxation and social security

67,953

73,971

Other creditors

108,744

121,911

206,780

235,003

7.	RELATED PARTY DISCLOSURES

Included in debtors is £115,510 (2024 - £115,510) owed by a company of which Mr I D Watson is a director.

Included in creditors due within one year is £76,867 (2024 - £74,475) owing to the directors of the company.

No interest has been paid in respect of these loans and there are no fixed terms for repayment.