IFS Worldwide Ltd. - Accounts to registrar (filleted)

REGISTERED NUMBER: SC239586 (Scotland)

IFS WORLDWIDE LTD.

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

J McKain

D A White

SECRETARY:

C K McKain

REGISTERED OFFICE:

Unit 4 Winchester Court

Denny

Stirlingshire

FK6 6QR

REGISTERED NUMBER:

SC239586 (Scotland)

ACCOUNTANTS:

Benham Conway & Co

16 Royal Crescent

Glasgow

G3 7SL

FIXED ASSETS

Tangible assets

4

2,691

2,498

CURRENT ASSETS

Debtors

5

546,684

566,426

Cash at bank and in hand

120,143

141,053

666,827

707,479

CREDITORS

Amounts falling due within one year

6

613,906

589,475

NET CURRENT ASSETS

52,921

118,004

TOTAL ASSETS LESS CURRENT
LIABILITIES

55,612

120,502

CAPITAL AND RESERVES

Called up share capital

50

Retained earnings

55,562

120,452

SHAREHOLDERS' FUNDS

55,612

120,502

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.

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 22 September 2026 and were signed on its behalf by:

J McKain - Director

1.	STATUTORY INFORMATION

IFS Worldwide Ltd. is a private company, limited by shares , registered in Scotland. 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 represents the value of services provided by the company in the year, excluding value added tax.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.

Land and buildings

-

20% on cost

Plant and machinery

-

33% on cost and 20% on cost

Financial instruments

Foreign currency forward contracts, including any deposits, are recognised in the financial statements at the contract rate on the settlement date.

Basic financial instruments, including trade and other payables, bank loans and other loans that are classified as debt, are initially recognised at transaction price and are subsequently carried at amortised cost, using the effective interest rate method.

Taxation

Taxation for the year comprises current 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 taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that that have been enacted or substantively enacted by the balance sheet date.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating result.

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 11 (2024 - 12 ) .

4.	TANGIBLE FIXED ASSETS

Land and

Plant and

buildings

machinery

Totals

£

COST

At 1 January 2025

26,449

28,018

54,467

Additions

-

1,774

At 31 December 2025

26,449

29,792

56,241

DEPRECIATION

At 1 January 2025

26,449

25,520

51,969

Charge for year

-

1,581

At 31 December 2025

26,449

27,101

53,550

NET BOOK VALUE

At 31 December 2025

-

2,691

At 31 December 2024

-

2,498

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.25

31.12.24

£

Trade debtors

504,384

515,975

Other debtors

29,030

33,626

Tax recoverable

13,270

16,825

546,684

566,426

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.25

31.12.24

£

Trade creditors

396,752

517,087

Taxation and social security

32,712

62,145

Other creditors

184,442

10,243

613,906

589,475

7.	OTHER FINANCIAL COMMITMENTS

At 31 December 2025 the company was committed to making total payments under non-cancellable operating leases of £23,981 (2024, £41,490).

The company had provided the company's bankers with a fixed charge over a specific bank account maintained in relation to HM Revenue & Customs obligations.

8.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

At 31 December 2025 the company had provided one of the directors with loans totalling £19,682 (2024, £9,067). These amounts are included in other debtors. Interest was charged at the official rate of interest on these loans. There are no fixed repayment terms for these loans.

9.	RELATED PARTY DISCLOSURES

At 31 December 2025 one of the directors provided the company with interest free loans totalling £179,785 (2024, £3,314). These amounts are included in other creditors. There are no fixed repayment terms for these loans.