REGISTERED NUMBER: 07107271 (England and Wales)

INDEPENDENT PROJECT SOLUTIONS LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

Page

Abridged Balance Sheet

1

Notes to the Financial Statements

3

FIXED ASSETS

Tangible assets

4

85,365

65,483

CURRENT ASSETS

Stocks

25,374

30,967

Debtors

8,315

34,124

Cash at bank and in hand

87,585

137,552

121,274

202,643

CREDITORS

Amounts falling due within one year

99,416

115,894

NET CURRENT ASSETS

21,858

86,749

TOTAL ASSETS LESS CURRENT LIABILITIES

107,223

152,232

CREDITORS

Amounts falling due after more than one year

13,601

12,497

NET ASSETS

93,622

139,735

CAPITAL AND RESERVES

Called up share capital

40

40

Retained earnings

93,582

139,695

SHAREHOLDERS' FUNDS

93,622

139,735

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 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 Income Statement and an abridged Balance Sheet for the year ended 31 December 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 14 September 2026 and were signed on its behalf by:

Mr O L S Cook - Director

1.	STATUTORY INFORMATION

Independent Project Solutions Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number:

07107271

Registered office:

Gilfach Isaf

Llanycefn

Clynderwen

Narberth

Pembrokeshire

SA66 7LJ

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.

The accounts are prepared on a going concern basis as the company continues to benefit from the support of the directors and its bankers.

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.

Plant and machinery etc

-

33% on reducing balance, 20% on cost and 20% 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.

Hire purchase and leasing commitments

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

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2024 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 January 2025

156,056

Additions

61,100

Disposals

(29,469

)

At 31 December 2025

187,687

DEPRECIATION

At 1 January 2025

90,573

Charge for year

29,430

Eliminated on disposal

(17,681

)

At 31 December 2025

102,322

NET BOOK VALUE

At 31 December 2025

85,365

At 31 December 2024

65,483

5.	ULTIMATE CONTROLLING PARTY

The controlling party is the company directors.