Ipsum Renewables Ltd

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—5

Registered number: 10565281

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		62,657		56,421

			62,657		56,421
CURRENT ASSETS
Stocks	5	30,619		9,000
Debtors	6	19,863		24,453
Cash at bank and in hand		82,628		114,117

		133,110		147,570
Creditors: Amounts Falling Due Within One Year	7	(142,996 )		(130,317 )

NET CURRENT ASSETS (LIABILITIES)			(9,886 )		17,253

TOTAL ASSETS LESS CURRENT LIABILITIES			52,771		73,674

Creditors: Amounts Falling Due After More Than One Year	8		(22,290 )		(19,253 )

PROVISIONS FOR LIABILITIES
Deferred Taxation			(11,905 )		(10,720 )

NET ASSETS			18,576		43,701

CAPITAL AND RESERVES
Called up share capital	10		2		2
Profit and Loss Account			18,574		43,699

SHAREHOLDERS' FUNDS			18,576		43,701

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Ipsum Renewables Ltd

Balance Sheet (continued)

As At 31 December 2025

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

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

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

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Mr Lee Neilson

Director

25 September 2026

The notes on pages 3 to 5 form part of these financial statements.

1. General Information

Ipsum Renewables Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 10565281 . The registered office is Unit 18 Beacon Court, New Ollerton, Newark, NG22 9QL.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. 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 is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services

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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.3. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Plant & Machinery	15% Reducing Balance
Motor Vehicles	25% Reducing Balance
Fixtures & Fittings	15% Reducing Balance
Computer Equipment	33% Straight Line

2.4. Leasing and Hire Purchase Contracts

Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the profit and loss account as incurred.

2.5. Stocks and Work in Progress

Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.

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Ipsum Renewables Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2025

2.6. Taxation

Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. The carrying amount of deferred tax assets is reviewed at the end of each reporting period.

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 13 (2024: 11)

4. Tangible Assets

	Plant & Machinery	Motor Vehicles	Fixtures & Fittings	Computer Equipment	Total
	£	£	£	£	£
Cost
As at 1 January 2025	2,661	130,894	2,983	11,956	148,494
Additions	-	24,730	117	3,043	27,890

As at 31 December 2025	2,661	155,624	3,100	14,999	176,384

Depreciation
As at 1 January 2025	1,384	80,141	798	9,750	92,073
Provided during the period	195	18,872	345	2,242	21,654

As at 31 December 2025	1,579	99,013	1,143	11,992	113,727

Net Book Value
As at 31 December 2025	1,082	56,611	1,957	3,007	62,657

As at 1 January 2025	1,277	50,753	2,185	2,206	56,421

5. Stocks

	2025	2024
	£	£
Stock	30,619	9,000

6. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	493	16,113
Prepayments and accrued income	2,000	2,000
VAT	17,370	6,340

	19,863	24,453

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Ipsum Renewables Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2025

7. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Net obligations under finance lease and hire purchase contracts	13,103	8,434
Trade creditors	87,726	70,480
Bank loans and overdrafts	872	4,251
Corporation tax	11,420	24,327
Other taxes and social security	9,549	5,999
Other creditors	1,290	990
Credit card	9,326	13,830
Accruals and deferred income	8,700	1,200
Directors' loan accounts	1,010	806

	142,996	130,317

8. Creditors: Amounts Falling Due After More Than One Year

	2025	2024
	£	£
Net obligations under finance lease and hire purchase contracts	22,290	18,273
Bank loans	-	980

	22,290	19,253

9. Obligations Under Finance Leases and Hire Purchase

	2025	2024
	£	£
The future minimum finance lease payments are as follows:
Not later than one year	13,103	8,434
Later than one year and not later than five years	22,290	18,273

	35,393	26,707

	35,393	26,707

10. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	2	2

11. Related Party Transactions

At the balance sheet date, the company owed the directors £1,010 (2024: £806). The directors loan account is unsecured, interest free and repayable on demand.

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