Company No: 05949417 (England and Wales)

Contents

• Company Information
• Statement of Financial Position
• Notes to the Financial Statements

DIRECTORS	Mr T Hosking
	Mr D Ward

REGISTERED OFFICE	8 Ardent Court
	William James Way
	Henley-In-Arden
	West Midlands
	B95 5GF
	United Kingdom

COMPANY NUMBER

05949417 (England and Wales)

CHARTERED ACCOUNTANTS	Bishop Fleming LLP
	1-3 College Yard
	Worcester
	WR1 2LB

	Note	2021		2020
		£		£
Fixed assets
Tangible assets	3	154,410		134,856
		154,410		134,856
Current assets
Debtors	4	1,227,585		810,653
Cash at bank and in hand		183,175		391,478
		1,410,760		1,202,131
Creditors
Amounts falling due within one year	5	( 712,785)		( 443,974)
Net current assets		697,975		758,157
Total assets less current liabilities		852,385		893,013
Creditors
Amounts falling due after more than one year	6	( 346,932)		( 331,989)
Provision for liabilities		( 6,785)		( 3,583)
Net assets		498,668		557,441
Capital and reserves
Called-up share capital	7	900		900
Profit and loss account		497,768		556,541
Total shareholder's funds		498,668		557,441

For the financial year ending 31 December 2021 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

• The members have not required the Company to obtain an audit of its financial statements for the financial year in accordance with section 476;
• The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
• These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Statement of Income and Retained Earnings has not been delivered.

The financial statements of Iperium Consulting Limited (registered number: 05949417) were approved and authorised for issue by the Board of Directors on 30 September 2022. They were signed on its behalf by:

Mr T Hosking Director

Mr D Ward Director

1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Iperium Consulting Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is 8 Ardent Court, William James Way, , Henley-In-Arden, West Midlands, B95 5GF, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the company and rounded to the nearest £.

Going concern

The directors have assessed the Statement of Financial Position and likely future cash flows at the date of approving these financial statements. The directors have a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.

Interest income

Interest income is recognised when it is probable that the economic benefits will flow to the Company and the amount of revenue can be measured reliably. Interest income is accrued on a time basis, by reference to the principal outstanding at the effective interest rate applicable, which is the rate that exactly discounts estimated future cash receipts through the expected life of the financial asset to that asset's net carrying amount on initial recognition.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Statement of Financial Position date.

Tangible fixed assets

Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended. Depreciation is provided on all tangible fixed assets, other than investment properties and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a [straight-line/reducing balance] basis over its expected useful life, as follows:

Land and buildings	4 % reducing balance
Fixtures and fittings	10 % reducing balance
Office equipment	25 % reducing balance

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Statement of Financial Position date. If there is objective evidence of impairment, an impairment loss is recognised in the Statement of Income and Retained Earnings as described below.

Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts, except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in creditors: amounts falling due within one year.

Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.

Provisions

Provisions are recognised when the Company has a present obligation (legal or constructive) as a result of a past event, it is probable that the Company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the Statement of Financial Position date, taking into account the risks and uncertainties surrounding the obligation. Where a provision is measured using the cash flows estimated to settle the present obligation, its carrying amount is the present value of those cash flows (when the effect of the time value of money is material).

When some or all of the economic benefits required to settle a provision are expected to be recovered from a third party, a receivable is recognised as an asset if it is virtually certain that reimbursement will be received and the amount of the receivable can be measured reliably.

Ordinary share capital

The ordinary share capital of the Company is presented as equity.

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

2. Employees

	2021		2020
	Number		Number
Monthly average number of persons employed by the Company during the year, including directors	11		8

3. Tangible assets

	Land and buildings		Fixtures and fittings		Office equipment		Total
	£		£		£		£
Cost
At 01 January 2021	200,000		47,543		32,104		279,647
Additions	25,000		0		13,023		38,023
At 31 December 2021	225,000		47,543		45,127		317,670
Accumulated depreciation
At 01 January 2021	84,000		29,036		31,755		144,791
Charge for the financial year	13,729		2,463		2,277		18,469
At 31 December 2021	97,729		31,499		34,032		163,260
Net book value
At 31 December 2021	127,271		16,044		11,095		154,410
At 31 December 2020	116,000		18,507		349		134,856

4. Debtors

	2021		2020
	£		£
Trade debtors	368,908		99,618
Amounts owed by Group undertakings	209,605		49,785
Corporation tax	( 23,753)		0
Other debtors	672,825		661,250
	1,227,585		810,653

5. Creditors: amounts falling due within one year

	2021		2020
	£		£
Bank loans	57,643		0
Trade creditors	31,728		7,826
Other creditors	485,196		238,229
Corporation tax	101,854		166,580
Other taxation and social security	36,364		31,339
	712,785		443,974

6. Creditors: amounts falling due after more than one year

	2021		2020
	£		£
Bank loans	346,932		331,989

There are no amounts included above in respect of which any security has been given by the small entity.

7. Called-up share capital

	2021		2020
	£		£
Allotted, called-up and fully-paid
900 Ordinary shares of £ 1.00 each	900		900

8. Related party transactions

Transactions with the entity's directors

	2021		2020
	£		£
Amounts owed by related parties	209,605		49,785
Amounts owed by Directors	525,840		486,925

At the end of the year David Ward had an outstanding balance of £290,773 (2020: 261,479). During the year Advances were made of £195,284 with credits of £171,680. There was an additional interest charge of £5,690
At the end of the year Gemma Ward had an outstanding balance of £143 (2020: 2,674). During the year Advances were made of £35,646 with credits of £38,320. There was an additional interest charge of £143
At the end of the year Tim Hosking had an outstanding balance of £234,666 (2020: 202,426). During the year Advances were made of £195,127 with credits of £167,200. There was an additional interest charge of £4,314
At the end of the year Caroline Hosking had an outstanding balance of £258 (2020: 20,337). During the year Advances were made of £22,520 with credits of £42,800. There was an additional interest charge of £258
The loan balances have not been repaid within 9 months of the year end and Interest of 2.5% has been charged on the overdrawn directors loan balances.