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REGISTERED NUMBER: 12136998 (England and Wales)










REPORT OF THE DIRECTOR AND

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2022

FOR

INTECO CONSULT LTD

INTECO CONSULT LTD (REGISTERED NUMBER: 12136998)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022










Page

Company Information 1

Report of the Director 2

Balance Sheet 3

Notes to the Financial Statements 5


INTECO CONSULT LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2022







DIRECTOR: J A Sobrany





REGISTERED OFFICE: New City Court
20 St Thomas Street
London
SE1 9RS





REGISTERED NUMBER: 12136998 (England and Wales)





ACCOUNTANTS: Galloways Accounting
Atlas Chambers
33 West Street
Brighton
East Sussex
BN1 2RE

INTECO CONSULT LTD (REGISTERED NUMBER: 12136998)

REPORT OF THE DIRECTOR
FOR THE YEAR ENDED 31 DECEMBER 2022


The director presents his report with the financial statements of the company for the year ended 31 December 2022.

DIRECTOR
J A Sobrany held office during the whole of the period from 1 January 2022 to the date of this report.

STATEMENT OF DIRECTOR'S RESPONSIBILITIES
The director is responsible for preparing the Report of the Director and the financial statements in accordance with applicable law and regulations.

Company law requires the director to prepare financial statements for each financial year. Under that law the director has elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the director must not approve the financial statements unless he is satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these financial statements, the director is required to:

- select suitable accounting policies and then apply them consistently;
- make judgements and accounting estimates that are reasonable and prudent;
- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The director is responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable him to ensure that the financial statements comply with the Companies Act 2006. He is also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

ON BEHALF OF THE BOARD:





J A Sobrany - Director


29 September 2023

INTECO CONSULT LTD (REGISTERED NUMBER: 12136998)

BALANCE SHEET
31 DECEMBER 2022

2022 2021
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 4,032 1,149
Investments 5 1,215,455 1,215,455
1,219,487 1,216,604

CURRENT ASSETS
Debtors 6 6,149 241,631
Cash at bank 395 28,708
6,544 270,339
CREDITORS
Amounts falling due within one year 7 96,553 339,752
NET CURRENT LIABILITIES (90,009 ) (69,413 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,129,478

1,147,191

CREDITORS
Amounts falling due after more than one
year

8

(38,725

)

(41,149

)

PROVISIONS FOR LIABILITIES (766 ) (218 )
NET ASSETS 1,089,987 1,105,824

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 1,089,887 1,105,724
SHAREHOLDERS' FUNDS 1,089,987 1,105,824

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2022 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.

INTECO CONSULT LTD (REGISTERED NUMBER: 12136998)

BALANCE SHEET - continued
31 DECEMBER 2022


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 29 September 2023 and were signed by:





J A Sobrany - Director


INTECO CONSULT LTD (REGISTERED NUMBER: 12136998)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022


1. STATUTORY INFORMATION

Inteco Consult 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. 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.

Preparation of consolidated financial statements
The financial statements contain information about Inteco Consult Ltd as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 400 of the Companies Act 2006 from the requirements to prepare consolidated financial statements as it and its subsidiary undertaking are included by full consolidation in the consolidated financial statements of its parent, LINNK GROUP LTD, New City Court, 20 St Thomas Street, London, United Kingdom, SE1 9RS.

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.
Computer equipment - 33.3% reducing balance

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

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 balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2021 - 3 ) .

INTECO CONSULT LTD (REGISTERED NUMBER: 12136998)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2022


4. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
At 1 January 2022 2,196
Additions 4,895
At 31 December 2022 7,091
DEPRECIATION
At 1 January 2022 1,047
Charge for year 2,012
At 31 December 2022 3,059
NET BOOK VALUE
At 31 December 2022 4,032
At 31 December 2021 1,149

5. FIXED ASSET INVESTMENTS
Shares in
group
undertaking
£   
COST
At 1 January 2022
and 31 December 2022 1,215,455
NET BOOK VALUE
At 31 December 2022 1,215,455
At 31 December 2021 1,215,455

The company's investments at the Balance Sheet date in the share capital of companies include the following:

Linnk Group Technology Consulting Trading and Contracting W.L.L
Registered office: Palm Tower B, Al Dafna West Bay, Building 19, Zone 60, Street 820, PO Box 31954
Nature of business: information technology consultancy
%
Class of shares: holding
Ordinary shares 97.00

By virtue of the shareholders agreement between Linnk Group Limited and Linnk Group Technology Consulting Trading and Contracting W.L.L, Linnk Group Limited has 100% rights to capital, dividend and voting matters in Linnk Group Technology Consulting Trading and Contracting W.L.L

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Amounts owed by participating interests - 239,472
Other debtors 5,500 -
VAT 316 2,159
Prepayments 333 -
6,149 241,631

INTECO CONSULT LTD (REGISTERED NUMBER: 12136998)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2022


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Bank loans and overdrafts 5,882 8,851
Trade creditors 763 229
Amounts owed to participating interests 77,483 287,582
Social security and other taxes - 122
Other creditors 7,348 11,702
Net Wages 1,731 3,169
Directors' current accounts 3,346 28,097
96,553 339,752

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2022 2021
£    £   
Bank loans - 1-2 years 5,882 9,075
Bank loans - 2-5 years 32,843 32,074
38,725 41,149