Ivo Courier Service Ltd

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

Registered number: SC539266

		2026		2025
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		67,385		51,901

			67,385		51,901
CURRENT ASSETS
Debtors	5	43,535		17,970
Cash at bank and in hand		165,216		176,823

		208,751		194,793
Creditors: Amounts Falling Due Within One Year	6	(62,468 )		(22,514 )

NET CURRENT ASSETS (LIABILITIES)			146,283		172,279

TOTAL ASSETS LESS CURRENT LIABILITIES			213,668		224,180

Creditors: Amounts Falling Due After More Than One Year	7		(2,081 )		(4,704 )

NET ASSETS			211,587		219,476

CAPITAL AND RESERVES
Called up share capital	9		100		100
Profit and Loss Account			211,487		219,376

SHAREHOLDERS' FUNDS			211,587		219,476

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Ivo Courier Service Ltd

Balance Sheet (continued)

As At 30 April 2026

For the year ending 30 April 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

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

The director acknowledges his 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 Ivaylo Mitev

Director

21/10/2026

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

1. General Information

Ivo Courier Service Ltd is a private company, limited by shares, incorporated in England & Wales, registered number SC539266 . The registered office is 15 Birkdale Place, Dundee, DD2 3GQ.

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:

Freehold	18%
Plant & Machinery	18%
Motor Vehicles	18%
Computer Equipment	18%

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.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 3 (2025: 3)

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Ivo Courier Service Ltd

Notes to the Financial Statements (continued)

For The Year Ended 30 April 2026

4. Tangible Assets

	Land & Property
	Freehold	Motor Vehicles	Computer Equipment	Total
	£	£	£	£
Cost
As at 1 May 2025	9,421	96,547	1,407	107,375
Additions	-	25,995	633	26,628

As at 30 April 2026	9,421	122,542	2,040	134,003

Depreciation
As at 1 May 2025	5,020	49,082	1,372	55,474
Provided during the period	792	9,713	639	11,144

As at 30 April 2026	5,812	58,795	2,011	66,618

Net Book Value
As at 30 April 2026	3,609	63,747	29	67,385

As at 1 May 2025	4,401	47,465	35	51,901

5. Debtors

	2026	2025
	£	£
Due within one year
Trade debtors	43,535	17,970

6. Creditors: Amounts Falling Due Within One Year

	2026	2025
	£	£
Trade creditors	41,650	8,012
Other taxes and social security	482	371
VAT	8,596	3,352
Other creditors	10,210	9,505
Other creditors (2)	1,530	1,274

	62,468	22,514

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

	2026	2025
	£	£
Net obligations under finance lease and hire purchase contracts	2,081	4,704

8. Obligations Under Finance Leases and Hire Purchase

	2026	2025
	£	£
The future minimum finance lease payments are as follows:
Later than one year and not later than five years	2,081	4,704

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Ivo Courier Service Ltd

Notes to the Financial Statements (continued)

For The Year Ended 30 April 2026

9. Share Capital

	2026	2025
	£	£
Allotted, Called up and fully paid	100	100

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