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

REGISTERED NUMBER: 09995385 (England and Wales)

Unaudited Financial Statements for the Year Ended 29 February 2020

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

30,806

31,991

CURRENT ASSETS

Cash at bank

10,817

13,763

CREDITORS

Amounts falling due within one year

5

52,087

53,290

NET CURRENT LIABILITIES

(41,270

)

(39,527

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(10,464

)

(7,536

)

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

(10,564

)

(7,636

)

SHAREHOLDERS' FUNDS

(10,464

)

(7,536

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2020.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 2020 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 29 October 2020 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 5 (2019 - 4 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Short

Plant and

and

leasehold

machinery

fittings

Totals

£

£

£

£

COST

At 1 March 2019

and 29 February 2020

26,065

2,234

9,341

37,640

DEPRECIATION

At 1 March 2019

-

1,090

4,559

5,649

Charge for year

-

229

956

1,185

At 29 February 2020

-

1,319

5,515

6,834

NET BOOK VALUE

At 29 February 2020

26,065

915

3,826

30,806

At 28 February 2019

26,065

1,144

4,782

31,991

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

29.2.20

28.2.19

£

£

Trade creditors

919

-

Taxation and social security

501

775

Other creditors

50,667

52,515

52,087

53,290

6.	ULTIMATE CONTROLLING PARTY

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