| The Insolvency Practice Limited |
| Registered Number:11077433 |
For the year ended 31 December 2024
England and Wales
Unaudited Financial Statements
For the year ended 31 December 2024
The Insolvency Practice Limited
Contents Page
1
Statement of Financial Position
2
Notes to the Financial Statements
The Insolvency Practice Limited
Statement of Financial Position
2023
2024
| Trade and other receivables |
646,355
663,355
2
637
| Cash and cash equivalents |
837
664,192
646,992
| Trade and other payables: amounts falling due within one |
| year |
(345,849)
(345,849)
3
301,143
318,343
Net current assets
| Total assets less current liabilities |
318,343
301,143
| Trade and other payables: amounts falling due after more |
| than one year |
(13,864)
(6,009)
4
312,334
Net assets
287,279
100
100
312,234
287,179
312,334
287,279
Shareholders' funds
| For the year ended 31 December 2024 the company was entitled to exemption from audit under Section 477 of the Companies Act 2006 relating to small companies. |
| The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006 |
| The directors acknowledge their responsibilities for:a) ensuring that the company keeps proper 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 Section |
| 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. |
| In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
| The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. |
| These financial statements were approved and authorised for issue by the Board on 29 December 2025 and were signed by: |
| The notes form part of these financial statements |
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For the year ended 31 December 2024
The Insolvency Practice Limited
Notes to the Financial Statements
Statutory Information
| The Insolvency Practice Limited is a private limited company, limited by shares, domiciled in England and Wales, |
| registration number 11077433. |
Crescent House
Lever Street
Bolton
Lancashire
BL3 6NN
| The presentation currency is £ sterling. |
Basis of preparing the financial statements
| These financial statements have been prepared in accordance with the provisions of Section 1A of Financial |
| Reporting Standard 102 ''The Financial Reporting Standard applicable in the UK and Republic of Ireland'' and the |
| Companies Act 2006. The financial statements have been prepared under the historical costs convention as |
| modified by the revaluation of certain assets. |
| 2. Trade and other receivables |
2023
2024
663,355
646,355
| 3. Trade and other payables: amounts falling due within one year |
2023
2024
345,849
345,849
| 4. Trade and other payables: amounts falling due after more than one year |
2023
2024
6,009
13,864
| 5. Average number of persons employed |
During the year the average number of employees was 1 (2023 : 1)
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