REGISTERED NUMBER: 15267065 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 December 2025

for

IP&G Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

A P Clarke

REGISTERED OFFICE:

31 Commerce Road

Lynchwood

Peterborough

PE2 6LR

REGISTERED NUMBER:

15267065 (England and Wales)

ACCOUNTANTS:

Wright Vigar Limited

Chartered Accountants & Business Advisers

15 Newland

Lincoln

Lincolnshire

LN1 1XG

FIXED ASSETS

Tangible assets

4

168,425

172,103

CURRENT ASSETS

Debtors

5

218,536

98,731

Cash at bank

96,437

62,853

314,973

161,584

CREDITORS

Amounts falling due within one year

6

247,926

82,260

NET CURRENT ASSETS

67,047

79,324

TOTAL ASSETS LESS CURRENT LIABILITIES

235,472

251,427

CREDITORS

Amounts falling due after more than one year

7

(78,366

)

(109,193

)

PROVISIONS FOR LIABILITIES

(42,106

)

(27,006

)

NET ASSETS

115,000

115,228

CAPITAL AND RESERVES

Called up share capital

8

100

100

Retained earnings

114,900

115,128

SHAREHOLDERS' FUNDS

115,000

115,228

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director and authorised for issue on 26 July 2026 and were signed by:

A P Clarke - Director

1.	STATUTORY INFORMATION

IP&G Ltd 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.

Turnover

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

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

-

20% on reducing balance

Motor vehicles

-

33% on reducing balance

Computer equipment

-

20% on reducing balance

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Statement of Comprehensive Income.

For financial assets measured at cost less impairment, the impairment loss is measured as the difference between an asset's carrying amount and best estimate of the recoverable amount, which is an approximation of the amount that the Company would receive for the asset if it were to be sold at the balance sheet date.

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.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 5 (2024 - 4 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Motor

Computer

machinery

vehicles

equipment

Totals

£

£

£

£

COST

At 1 January 2025

114,811

116,050

7,398

238,259

Additions

28,610

19,995

1,757

50,362

At 31 December 2025

143,421

136,045

9,155

288,621

DEPRECIATION

At 1 January 2025

22,962

41,714

1,480

66,156

Charge for year

24,092

28,529

1,419

54,040

At 31 December 2025

47,054

70,243

2,899

120,196

NET BOOK VALUE

At 31 December 2025

96,367

65,802

6,256

168,425

At 31 December 2024

91,849

74,336

5,918

172,103

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

Plant and

machinery

etc

£

COST

At 1 January 2025

and 31 December 2025

102,560

DEPRECIATION

At 1 January 2025

37,262

Charge for year

21,548

At 31 December 2025

58,810

NET BOOK VALUE

At 31 December 2025

43,750

At 31 December 2024

65,298

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

600

63,333

Amounts owed by group undertakings

217,212

35,298

Other debtors

724

100

218,536

98,731

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

24,540

27,606

Hire purchase contracts

18,568

17,145

Trade creditors

7,508

27,882

Amounts owed to group undertakings

132,683

-

Taxation and social security

62,677

7,827

Other creditors

1,950

1,800

247,926

82,260

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans

18,562

30,047

Hire purchase contracts

59,804

79,146

78,366

109,193

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

100

Ordinary

£1

100

100