REGISTERED NUMBER: 13660647 (England and Wales)

Financial Statements for the Year Ended 31 July 2025

for

Ipadea Limited

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

Chartered Accountants' Report

8

DIRECTORS:

P G Odell

W I F Stewart

REGISTERED OFFICE:

1 Borrowdale Road

Corby

Northamptonshire

NN17 2DQ

REGISTERED NUMBER:

13660647 (England and Wales)

ACCOUNTANTS:

CED Accountancy Services Limited

1 Lucas Bridge Business Park

1 Old Greens Norton Road

Towcester

Northamptonshire

NN12 8AX

FIXED ASSETS

Intangible assets

4

272,553

317,219

Tangible assets

5

167,791

96,119

440,344

413,338

CURRENT ASSETS

Stocks

15,170

1,538

Debtors

80,781

42,351

Cash at bank

39,705

80,469

135,656

124,358

CREDITORS

Amounts falling due within one year

276,156

353,971

NET CURRENT LIABILITIES

(140,500

)

(229,613

)

TOTAL ASSETS LESS CURRENT LIABILITIES

299,844

183,725

CREDITORS

Amounts falling due after more than one year

(77,466

)

(30,852

)

PROVISIONS FOR LIABILITIES

(41,948

)

(24,030

)

NET ASSETS

180,430

128,843

CAPITAL AND RESERVES

Called up share capital

99

99

Retained earnings

180,331

128,744

180,430

128,843

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 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.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 July 2025 in accordance with Section 444(2A) of the Companies Act 2006.

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 29 January 2026 and were signed on its behalf by:

P G Odell - Director

W I F Stewart - Director

1.	STATUTORY INFORMATION

Ipadea 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.

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.

First year adoption of Financial Reporting Standard 102 ( FRS 102) Section 1A

These financial statements for the year ended 31 July 2025 are the first that are prepared in accordance with FRS 102 Section 1A. The previous financial statements were prepared in accordance with FRS 105 (UK GAAP), the date of transition to FRS 102 Section 1A is 1 August 2023.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2021, is being amortised evenly over its estimated useful life of ten years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Patents and licences are being amortised evenly over their estimated useful life of five years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

25% on reducing balance

Stocks

Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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 10 (2024 - 8 ) .

4.	INTANGIBLE FIXED ASSETS

Totals

£

COST

At 1 August 2024

and 31 July 2025

436,326

AMORTISATION

At 1 August 2024

119,107

Amortisation for year

44,666

At 31 July 2025

163,773

NET BOOK VALUE

At 31 July 2025

272,553

At 31 July 2024

317,219

5.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 August 2024

166,151

Additions

122,338

Disposals

(9,467

)

At 31 July 2025

279,022

DEPRECIATION

At 1 August 2024

70,032

Charge for year

46,695

Eliminated on disposal

(5,496

)

At 31 July 2025

111,231

NET BOOK VALUE

At 31 July 2025

167,791

At 31 July 2024

96,119

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Totals

£

COST

At 1 August 2024

83,702

Additions

115,545

At 31 July 2025

199,247

DEPRECIATION

At 1 August 2024

26,376

Charge for year

35,297

At 31 July 2025

61,673

NET BOOK VALUE

At 31 July 2025

137,574

At 31 July 2024

57,326

6.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 July 2025 and 31 July 2024:

31.7.25

31.7.24

as restated

£

£

P G Odell

Balance outstanding at start of year

50

-

Amounts advanced

503

50

Amounts repaid

(50

)

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

503

50

W I F Stewart

Balance outstanding at start of year

-

-

Amounts advanced

503

-

Amounts repaid

-

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

503

-

7.	FIRST YEAR ADOPTION

These financial statements for the year ended 31 July 2025 are the first that are prepared in accordance with FRS 102 section 1A. The impact on reserves is a reduction of £24,030 which relates to the deferred tax charge arising under FRS 102 1A. Debit reserves £24,030; Credit deferred tax provision for liabilities £24,030.

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Ipadea Limited for the year ended 31 July 2025 which comprise the Income Statement, Abridged Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at icaew.com/membershandbook.

This report is made solely to the Board of Directors of Ipadea Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Ipadea Limited and state those matters that we have agreed to state to the Board of Directors of Ipadea Limited, as a body, in this report in accordance with icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Ipadea Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Ipadea Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Ipadea Limited. You consider that Ipadea Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Ipadea Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

CED Accountancy Services Limited

1 Lucas Bridge Business Park

1 Old Greens Norton Road

Towcester

Northamptonshire

NN12 8AX

29 January 2026