Registered number
08060661
Integral Finance Limited
Filleted Accounts
31 March 2023
Integral Finance Limited
Registered number: 08060661
Director's Report
The director presents his report and accounts for the year ended 31 March 2023.
Principal activities
The company's principal activity during the year continued to be the provision of the director's time in respect of financial consulting. However, an additional income stream has been established to provide use of an annexe at the director's property for short term holiday letting.
Directors
The following persons served as directors during the year:
M Hollingworth
Small company provisions
This report has been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime.
This report was approved by the board on 1 October 2023 and signed on its behalf.
M Hollingworth
Director
Integral Finance Limited
Registered number: 08060661
Balance Sheet
as at 31 March 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 2,442 3,256
2,442 3,256
Current assets
Debtors 4 931 1,791
Cash at bank and in hand 3,506 5,572
4,437 7,363
Creditors: amounts falling due within one year 5 (2,778) (5,658)
Net current assets 1,659 1,705
Net assets 4,101 4,961
Capital and reserves
Called up share capital 500 500
Profit and loss account 3,601 4,461
Shareholder's funds 4,101 4,961
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
M Hollingworth
Director
Approved by the board on 1 October 2023
Integral Finance Limited
Notes to the Accounts
for the year ended 31 March 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
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 from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 1 1
3 Tangible fixed assets
Land and buildings Plant and machinery etc Motor vehicles Total
£ £ £ £
Cost
At 1 April 2022 - 4,070 - 4,070
Additions - - - -
Surplus on revaluation - - - -
Disposals - - - -
At 31 March 2023 - 4,070 - 4,070
Depreciation
At 1 April 2022 - 814 - 814
Charge for the year - 814 - 814
Surplus on revaluation - - - -
On disposals - - - -
At 31 March 2023 - 1,628 - 1,628
Net book value
At 31 March 2023 - 2,442 - 2,442
At 31 March 2022 - 3,256 - 3,256
4 Debtors 2023 2022
£ £
Trade debtors 727 988
Other debtors 204 803
931 1,791
5 Creditors: amounts falling due within one year 2023 2022
£ £
Trade creditors 1,744 1,744
Taxation and social security costs 257 292
Other creditors 777 3,622
2,778 5,658
6 Other information
Integral Finance Limited is a private company limited by shares and incorporated in England. Its registered office is:
2 Middlewich Road
Holmes Chapel
Cheshire
CW4 7EA
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