Ipswich Trade Frames Limited - Filleted accounts

Registered number

04795435

Ipswich Trade Frames Limited

Filleted Accounts

31 December 2025

Ipswich Trade Frames Limited
Registered number:		04795435
Balance Sheet
as at 31 December 2025

Notes			2025			2024
£				£
Fixed assets
Tangible assets	3		250,715			281,393

Current assets
Stocks		52,706			52,235
Debtors	4	981,041			1,147,593
Cash at bank and in hand		249,537			379,860
		1,283,284			1,579,688

Creditors: amounts falling due within one year	5	(576,094)			(878,499)

Net current assets			707,190			701,189

Total assets less current liabilities			957,905			982,582

Creditors: amounts falling due after more than one year	6		(40,900)			(166,814)

Provisions for liabilities			(21,254)			(29,948)


Net assets			895,751			785,820

Capital and reserves
Called up share capital			100			100
Profit and loss account			895,651			785,720

Shareholder's funds			895,751			785,820

The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.




J L Sheppard
Director
Approved by the board on 26 February 2026

Ipswich Trade Frames Limited
Notes to the Accounts
for the year ended 31 December 2025


1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	Turnover
	Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

	Tangible fixed assets
	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

	Freehold buildings			over 50 years
	Leasehold land and buildings			over the lease term
	Plant and machinery			over 5 years
	Fixtures, fittings, tools and equipment			over 5 years

	Stocks
	Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.

	Debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.


2	Employees					2025		2024
Number							Number

	Average number of persons employed by the company					10		10


3	Tangible fixed assets
		Land and buildings		Plant and machinery etc		Motor vehicles		Total
£			£		£		£
	Cost
	At 1 January 2025	115,011		125,190		264,756		504,957
	Additions	-		9,812		21,490		31,302
	Disposals	-		(35,036)		-		(35,036)
	At 31 December 2025	115,011		99,966		286,246		501,223

	Depreciation
	At 1 January 2025	-		94,975		128,589		223,564
	Charge for the year	-		13,285		48,695		61,980
	On disposals	-		(35,036)		-		(35,036)
	At 31 December 2025	-		73,224		177,284		250,508

	Net book value
	At 31 December 2025	115,011		26,742		108,962		250,715
	At 31 December 2024	115,011		30,215		136,167		281,393


4	Debtors					2025		2024
£							£

	Trade debtors					199,179		284,153
	Amounts owed by group undertakings and undertakings in which the company has a participating interest					452,748		452,748
	Prepayments					24,883		86,587
	Staff Loans and Advances					9,685		9,686
	Other debtors					294,546		314,419
						981,041		1,147,593


5	Creditors: amounts falling due within one year					2025		2024
£							£

	Bank loans and overdrafts					110,880		124,643
	Obligations under finance lease and hire purchase contracts					27,970		25,247
	Trade creditors					307,367		565,402
	Amounts owed to group undertakings and undertakings in which the company has a participating interest					10,000		10,000
	Accruals					8,343		7,359
	Taxation and social security costs					110,396		145,848
	Other creditors					1,138		-
						576,094		878,499


6	Creditors: amounts falling due after one year					2025		2024
£							£

	Bank loans					-		98,739
	Obligations under finance lease and hire purchase contracts					40,900		68,075
						40,900		166,814


7	Other information

	Ipswich Trade Frames Limited is a private company limited by shares and incorporated in England. Its registered office is:
	Unit 3
	47, Knightsdale Road
	Ipswich
	Suffolk
	IP1 4JJ