Company registration number 03148044 (England and Wales)
INDUSTRIAL PALLET & TRANSPORT SERVICES LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
PAGES FOR FILING WITH REGISTRAR
INDUSTRIAL PALLET & TRANSPORT SERVICES LIMITED
CONTENTS
Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 6
INDUSTRIAL PALLET & TRANSPORT SERVICES LIMITED
BALANCE SHEET
AS AT 31 DECEMBER 2025
31 December 2025
- 1 -
2025
2024
Notes
£
£
£
£
Fixed assets
Tangible assets
4
4,082,840
4,064,906
Current assets
Stocks
1,036,921
733,398
Debtors
5
1,967,869
2,042,163
Cash at bank and in hand
1,889,218
1,734,183
4,894,008
4,509,744
Creditors: amounts falling due within one year
6
(1,349,020)
(1,308,806)
Net current assets
3,544,988
3,200,938
Total assets less current liabilities
7,627,828
7,265,844
Creditors: amounts falling due after more than one year
7
(344,439)
(220,126)
Provisions for liabilities
(691,077)
(665,977)
Net assets
6,592,312
6,379,741
Capital and reserves
Called up share capital
1,050
950
Profit and loss reserves
6,591,262
6,378,791
Total equity
6,592,312
6,379,741
INDUSTRIAL PALLET & TRANSPORT SERVICES LIMITED
BALANCE SHEET (CONTINUED)
AS AT 31 DECEMBER 2025
31 December 2025
- 2 -

For the financial year ended 31 December 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

T he members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

The financial statements were approved by the board of directors and authorised for issue on 17 February 2026 and are signed on its behalf by:
Mr N Bennett
Director
Company registration number 03148044 (England and Wales)
INDUSTRIAL PALLET & TRANSPORT SERVICES LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
- 3 -
1
Accounting policies
Company information

Industrial Pallet & Transport Services Limited is a private company limited by shares incorporated in England and Wales. The registered office is Glassworks Way, Snape Lane, Harworth, Doncaster, South Yorkshire, United Kingdom, DN11 8SP.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

1.2
Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have passed to the buyer (usually on dispatch of the goods), the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the entity and the costs incurred or to be incurred in respect of the transaction can be measured reliably.

1.3
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Leasehold improvements
2% Straight line
Plant and equipment
25% Reducing Balance, 4% straight line
Fixtures and fittings
25% Reducing balance
Computers
33% Straight line
Motor vehicles
25% Reducing balance

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.4
Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

INDUSTRIAL PALLET & TRANSPORT SERVICES LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
1
Accounting policies
(Continued)
- 4 -
1.5
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.6
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

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 liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

The carrying amount of deferred tax assets is reviewed at each reporting end date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

1.7
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.

1.8
Government grants

Government grants relating to turnover are recognised as income over the periods when the related costs are incurred. Grants relating to an asset are recognised in income systematically over the asset's expected useful life. If part of such a grant is deferred it is recognised as deferred income rather than being deducted from the asset's carrying amount.

INDUSTRIAL PALLET & TRANSPORT SERVICES LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
- 5 -
2
Judgements and key sources of estimation uncertainty

In the application of the company’s accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

3
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2025
2024
Number
Number
Total
19
19
4
Tangible fixed assets
Land and buildings
Plant and machinery etc
Total
£
£
£
Cost
At 1 January 2025
1,465,746
5,095,077
6,560,823
Additions
3,823
416,501
420,324
Disposals
-
0
(129,800)
(129,800)
At 31 December 2025
1,469,569
5,381,778
6,851,347
Depreciation and impairment
At 1 January 2025
234,949
2,260,968
2,495,917
Depreciation charged in the year
29,340
338,713
368,053
Eliminated in respect of disposals
-
0
(95,463)
(95,463)
At 31 December 2025
264,289
2,504,218
2,768,507
Carrying amount
At 31 December 2025
1,205,280
2,877,560
4,082,840
At 31 December 2024
1,230,797
2,834,109
4,064,906
INDUSTRIAL PALLET & TRANSPORT SERVICES LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
- 6 -
5
Debtors
2025
2024
Amounts falling due within one year:
£
£
Trade debtors
1,166,181
1,225,133
Other debtors
801,688
817,030
1,967,869
2,042,163
6
Creditors: amounts falling due within one year
2025
2024
£
£
Trade creditors
855,596
1,131,072
Corporation tax
186,039
-
0
Other taxation and social security
160,843
77,646
Other creditors
146,542
100,088
1,349,020
1,308,806
7
Creditors: amounts falling due after more than one year
2025
2024
£
£
Other creditors
344,439
220,126
8
Directors' transactions

Neither loan is secured. Loan 2 is subject to interest charge by the company at the HMRC official rate of interest.

Description
% Rate
Opening balance
Amounts advanced
Amounts repaid
Closing balance
£
£
£
£
N Bennet and Mrs L Bennett -
-
149,567
298,354
(293,000)
154,921
N Bennet and Mrs L Bennett -
-
220,827
4,723
(24,000)
201,550
370,394
303,077
(317,000)
356,471
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