Ipsum Primus Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 09995385 (England and Wales)

Unaudited Financial Statements for the Year Ended 28 February 2019

for

Ipsum Primus Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr Syed M Ahmed

Mrs Mirza F Khan

REGISTERED OFFICE:

127 Frederick Road

Aston

Birmingham

West Midlands

B6 6BP

REGISTERED NUMBER:

09995385 (England and Wales)

ACCOUNTANTS:

SKN Services Ltd

Chartered Accountants

SKN Business Centre

1 Guildford Street

Birmingham

West Midlands

B19 2HN

FIXED ASSETS

Tangible assets

4

31,991

33,473

CURRENT ASSETS

Cash at bank

13,763

10,724

CREDITORS

Amounts falling due within one year

5

53,290

56,526

NET CURRENT LIABILITIES

(39,527

)

(45,802

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(7,536

)

(12,329

)

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

(7,636

)

(12,429

)

SHAREHOLDERS' FUNDS

(7,536

)

(12,329

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2019 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 on 28 October 2019 and were signed on its behalf by:

Mr Syed M Ahmed - Director

Mrs Mirza F Khan - Director

1.	STATUTORY INFORMATION

Ipsum Primus Ltd is a private company, limited by shares , registered in England and Wales. 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 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

-

20% on reducing balance

Fixtures and fittings

-

20% on reducing balance

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 4 (2018 - 5 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Short

Plant and

and

leasehold

machinery

fittings

Totals

£

£

£

£

COST

At 1 March 2018

and 28 February 2019

26,065

2,234

9,341

37,640

DEPRECIATION

At 1 March 2018

-

804

3,363

4,167

Charge for year

-

286

1,196

1,482

At 28 February 2019

-

1,090

4,559

5,649

NET BOOK VALUE

At 28 February 2019

26,065

1,144

4,782

31,991

At 28 February 2018

26,065

1,430

5,978

33,473

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

28.2.19

28.2.18

£

£

Trade creditors

-

740

Taxation and social security

775

611

Other creditors

52,515

55,175

53,290

56,526

6.	ULTIMATE CONTROLLING PARTY

The company was under the control of Mr. Syed M Ahmed and Mrs. Mirza Fatema Khan during the current

period.