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REGISTERED NUMBER: 04335740 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023

FOR

INGENIA SOLUTIONS LIMITED

INGENIA SOLUTIONS LIMITED (REGISTERED NUMBER: 04335740)

CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 March 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Accountants' Report 9

INGENIA SOLUTIONS LIMITED

COMPANY INFORMATION
for the Year Ended 31 March 2023







DIRECTORS: S P Smith
K Smith





SECRETARY: K Smith





REGISTERED OFFICE: Linden House
Linden Close
Tunbridge Wells
Kent
TN4 8HH





REGISTERED NUMBER: 04335740 (England and Wales)





ACCOUNTANTS: BSR Bespoke Chartered Accountants
Linden House
Linden Close
Tunbridge Wells
Kent
TN4 8HH

INGENIA SOLUTIONS LIMITED (REGISTERED NUMBER: 04335740)

BALANCE SHEET
31 March 2023

31.3.23 31.3.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 127,449 107,051
Investments 5 100 100
127,549 107,151

CURRENT ASSETS
Stocks and Work in Progress 294,609 335,597
Debtors 6 482,084 631,445
Cash at bank and in hand 1,138,524 846,757
1,915,217 1,813,799
CREDITORS
Amounts falling due within one year 7 1,511,747 1,407,159
NET CURRENT ASSETS 403,470 406,640
TOTAL ASSETS LESS CURRENT
LIABILITIES

531,019

513,791

CREDITORS
Amounts falling due after more than one
year

8

(24,560

)

(224,966

)

PROVISIONS FOR LIABILITIES (28,675 ) (17,491 )
NET ASSETS 477,784 271,334

CAPITAL AND RESERVES
Called up share capital 15,800 15,800
Share premium 6,073 6,073
Retained earnings 455,911 249,461
SHAREHOLDERS' FUNDS 477,784 271,334

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 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.

INGENIA SOLUTIONS LIMITED (REGISTERED NUMBER: 04335740)

BALANCE SHEET - continued
31 March 2023


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 12 October 2023 and were signed on its behalf by:




S P Smith - Director



K Smith - Director


INGENIA SOLUTIONS LIMITED (REGISTERED NUMBER: 04335740)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 March 2023


1. STATUTORY INFORMATION

Ingenia Solutions Limited 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 Ingenia Solutions Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Turnover
Revenue is recognised when it is probable that future economic benefits will flow to the company from the provision of construction contracts and is measured as the fair value of consideration which the company expects to receive from those transactions. Revenue is recognised as control of the goods is passed over to the customer. Where the normal criteria for the recognition of revenue are not met or are varied, then revenue is recognised at the point when control has passed to the customer which could be when legal title has passed to the customer or when the business has a right to payment such as on completion of work or when cash payment has been made to the company. Revenue is recognised net of returns and of trade discounts and is shown exclusive of value added tax.

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.
Improvements to property - 15% on reducing balance
Plant and machinery - 15% on reducing balance
Fixtures and fittings - 25% on reducing balance
Computer equipment - 33% on cost

Stocks and work in progress
These are valued at the lower of cost and net realisable value.

Financial instruments
The company enters into basic financial instruments that give rise to financial assets and financial liabilities including trade and other debtors, trade and other creditors, bank and other borrowings and investments in non puttable equity instruments.

Debt instruments which are not payable or receivable within one year are initially accounted for at the transaction price and are subsequently accounted for at amortised cost using the effective interest method. Debt instruments payable and receivable within one year are measured at their undiscounted cash amounts. Where the debt instruments are treated as a financing transaction, then the financial asset or liability is measured at the present value of future cash flows based on a market rate of interest.

Equity instruments are accounted for at transaction price unless they can be accounted for at fair value based on a readily available transaction price. Alternatively, equity instruments are subsequently accounted for at cost less impairment where no fair value can be reasonably obtained.

INGENIA SOLUTIONS LIMITED (REGISTERED NUMBER: 04335740)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 March 2023


2. ACCOUNTING POLICIES - continued

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

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.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

Stocks
These are valued at the lower of cost and net realisable value.

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

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 15 (2022 - 15 ) .

INGENIA SOLUTIONS LIMITED (REGISTERED NUMBER: 04335740)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 March 2023


4. TANGIBLE FIXED ASSETS
Improvem- Fixtures
ents to Plant and and Computer
property machinery fittings equipment Totals
£    £    £    £    £   
COST
At 1 April 2022 64,519 99,240 7,779 36,122 207,660
Additions - 43,603 - 431 44,034
Disposals - (6,038 ) - - (6,038 )
At 31 March 2023 64,519 136,805 7,779 36,553 245,656
DEPRECIATION
At 1 April 2022 35,675 23,590 7,239 34,105 100,609
Charge for year 4,326 17,798 135 780 23,039
Eliminated on disposal - (5,441 ) - - (5,441 )
At 31 March 2023 40,001 35,947 7,374 34,885 118,207
NET BOOK VALUE
At 31 March 2023 24,518 100,858 405 1,668 127,449
At 31 March 2022 28,844 75,650 540 2,017 107,051

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Plant and
machinery
£   
COST
At 1 April 2022 90,048
Additions 36,816
At 31 March 2023 126,864
DEPRECIATION
At 1 April 2022 17,654
Charge for year 16,382
At 31 March 2023 34,036
NET BOOK VALUE
At 31 March 2023 92,828
At 31 March 2022 72,394

INGENIA SOLUTIONS LIMITED (REGISTERED NUMBER: 04335740)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 March 2023


5. FIXED ASSET INVESTMENTS
Other
investme-
nts
£   
COST
At 1 April 2022
and 31 March 2023 100
NET BOOK VALUE
At 31 March 2023 100
At 31 March 2022 100

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Trade debtors 336,823 228,713
Amounts owed by group undertakings 915 49,206
Other debtors 144,346 353,526
482,084 631,445

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Bank loans and overdrafts - 50,000
Hire purchase contracts (see note 9) 36,479 28,031
Trade creditors 194,592 350,964
Amounts owed to group undertakings 22,877 48,708
Taxation and social security 145,031 48,907
Other creditors 1,112,768 880,549
1,511,747 1,407,159

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.23 31.3.22
£    £   
Bank loans - 200,000
Hire purchase contracts (see note 9) 24,560 24,966
24,560 224,966

INGENIA SOLUTIONS LIMITED (REGISTERED NUMBER: 04335740)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 March 2023


9. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
31.3.23 31.3.22
£    £   
Net obligations repayable:
Within one year 36,479 28,031
Between one and five years 24,560 24,966
61,039 52,997

Non-cancellable operating leases
31.3.23 31.3.22
£    £   
Within one year 56,975 56,975
Between one and five years 151,933 208,908
208,908 265,883

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 March 2023 and 31 March 2022:

31.3.23 31.3.22
£    £   
S P Smith
Balance outstanding at start of year 183,644 -
Amounts advanced 59,946 183,644
Amounts repaid (183,644 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 59,946 183,644

K Smith
Balance outstanding at start of year - 211
Amounts repaid - (211 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - -

The loans are repayable within 9 months of the balance sheet date. The company charges interest at the statutory rate on all loans in excess of £10,000.

11. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is S P Smith.

CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS
ON THE UNAUDITED FINANCIAL STATEMENTS OF
INGENIA SOLUTIONS LIMITED


The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Ingenia Solutions Limited for the year ended 31 March 2023 which comprise the Income Statement, Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Ingenia Solutions Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Ingenia Solutions Limited and state those matters that we have agreed to state to the Board of Directors of Ingenia Solutions Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Ingenia Solutions Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Ingenia Solutions Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Ingenia Solutions Limited. You consider that Ingenia Solutions Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Ingenia Solutions Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






BSR Bespoke Chartered Accountants
Linden House
Linden Close
Tunbridge Wells
Kent
TN4 8HH


17 October 2023