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REGISTERED NUMBER: 08602353 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2021

FOR

INTECH ENGINEERING LTD

INTECH ENGINEERING LTD (REGISTERED NUMBER: 08602353)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


INTECH ENGINEERING LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2021







DIRECTOR: Mr J L Waterhouse





REGISTERED OFFICE: 6 Cotswold Business Village
London Road
MORETON-IN-MARSH
Gloucestershire
GL56 0JQ





REGISTERED NUMBER: 08602353 (England and Wales)





ACCOUNTANTS: Bronsens
Chartered Certified Accountants
Hillside
Albion Street
Chipping Norton
Oxfordshire
OX7 5BH

INTECH ENGINEERING LTD (REGISTERED NUMBER: 08602353)

STATEMENT OF FINANCIAL POSITION
31 DECEMBER 2021

31.12.21 31.12.20
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 5 - -
Tangible assets 6 5,426 7,099
5,426 7,099

CURRENT ASSETS
Stocks 500 500
Debtors 7 41,128 42,713
Cash at bank 25,466 6,588
67,094 49,801
CREDITORS
Amounts falling due within one year 8 162,055 150,505
NET CURRENT LIABILITIES (94,961 ) (100,704 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(89,535

)

(93,605

)

CREDITORS
Amounts falling due after more than one
year

9

-

(837

)

PROVISIONS FOR LIABILITIES 10 (1,068 ) (1,349 )
NET LIABILITIES (90,603 ) (95,791 )

CAPITAL AND RESERVES
Called up share capital 11 100 100
Retained earnings (90,703 ) (95,891 )
SHAREHOLDERS' FUNDS (90,603 ) (95,791 )

INTECH ENGINEERING LTD (REGISTERED NUMBER: 08602353)

STATEMENT OF FINANCIAL POSITION - continued
31 DECEMBER 2021


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2021 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director and authorised for issue on 17 August 2022 and were signed by:





Mr J L Waterhouse - Director


INTECH ENGINEERING LTD (REGISTERED NUMBER: 08602353)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021

1. STATUTORY INFORMATION

INTECH Engineering 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.

The presentation currency of the financial statements is the Pound Sterling (£).


2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

The financial statements have been prepared on a going concern basis on the understanding that the company has received assurances of support from its parent company.

Turnover
Turnover represents net invoiced sales of goods and services, excluding value added tax.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2013, is being amortised evenly over its estimated useful life of five years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 20% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date.


INTECH ENGINEERING LTD (REGISTERED NUMBER: 08602353)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2021

3. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Research and development
Expenditure on research and development is written off in the year in which it is incurred.


Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2020 - 3 ) .

5. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 January 2021
and 31 December 2021 72,277
AMORTISATION
At 1 January 2021
and 31 December 2021 72,277
NET BOOK VALUE
At 31 December 2021 -
At 31 December 2020 -

INTECH ENGINEERING LTD (REGISTERED NUMBER: 08602353)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2021

6. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 January 2021
and 31 December 2021 15,072 16,235 2,504 33,811
DEPRECIATION
At 1 January 2021 10,133 14,677 1,902 26,712
Charge for year 988 389 296 1,673
At 31 December 2021 11,121 15,066 2,198 28,385
NET BOOK VALUE
At 31 December 2021 3,951 1,169 306 5,426
At 31 December 2020 4,939 1,558 602 7,099

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Plant and
machinery
£   
COST
At 1 January 2021
and 31 December 2021 15,072
DEPRECIATION
At 1 January 2021 10,133
Charge for year 988
At 31 December 2021 11,121
NET BOOK VALUE
At 31 December 2021 3,951
At 31 December 2020 4,939

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.21 31.12.20
£    £   
Trade debtors - 2,100
Amounts owed by group undertakings 38,945 36,000
Tax 2,183 3,393
Prepayments - 1,220
41,128 42,713

INTECH ENGINEERING LTD (REGISTERED NUMBER: 08602353)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2021

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.21 31.12.20
£    £   
Hire purchase contracts 837 2,512
Trade creditors 37 232
Amounts owed to group undertakings 156,624 131,052
Pension creditor - 25
VAT 2,507 14,534
Accrued expenses 2,050 2,150
162,055 150,505

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.12.21 31.12.20
£    £   
Hire purchase contracts - 837

10. PROVISIONS FOR LIABILITIES
31.12.21 31.12.20
£    £   
Deferred tax
Accelerated capital allowances 1,068 1,349

Deferred
tax
£   
Balance at 1 January 2021 1,349
Provided during year (281 )
Balance at 31 December 2021 1,068

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.12.21 31.12.20
value: £    £   
50 Ordinary A £1 50 50
50 Ordinary B £1 50 50
100 100

12. ULTIMATE CONTROLLING PARTY

The controlling party is Dekomte de TempleKompensator-Technik (UK) Ltd.

The parent company is registered at Cotswold Business Village, London Road, Moreton-in-Marsh, Glos, GL56 0JQ.