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REGISTERED NUMBER: 10922003 (England and Wales)













UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2023

FOR

INTERTECH CONTRACTS UK LIMITED

INTERTECH CONTRACTS UK LIMITED (REGISTERED NUMBER: 10922003)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


INTERTECH CONTRACTS UK LIMITED

COMPANY INFORMATION
for the Year Ended 31 August 2023







DIRECTORS: T J Pallant
N D Stabler





SECRETARY:





REGISTERED OFFICE: Contracts House
Dalton Street
Hull
HU8 8BB





REGISTERED NUMBER: 10922003 (England and Wales)





ACCOUNTANTS: The Accountancy & Administration Bureau
31 Thornfields
Thorngumbald
East Riding

INTERTECH CONTRACTS UK LIMITED (REGISTERED NUMBER: 10922003)

BALANCE SHEET
31 August 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 141,506 143,627

CURRENT ASSETS
Debtors 5 761,311 484,110
Cash at bank and in hand 957,473 499,621
1,718,784 983,731
CREDITORS
Amounts falling due within one year 6 507,692 290,730
NET CURRENT ASSETS 1,211,092 693,001
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,352,598

836,628

CREDITORS
Amounts falling due after more than one
year

7

(57,329

)

(57,938

)

PROVISIONS FOR LIABILITIES (35,219 ) (27,142 )
NET ASSETS 1,260,050 751,548

CAPITAL AND RESERVES
Called up share capital 123 100
Retained earnings 1,259,927 751,448
SHAREHOLDERS' FUNDS 1,260,050 751,548

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

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

INTERTECH CONTRACTS UK LIMITED (REGISTERED NUMBER: 10922003)

BALANCE SHEET - continued
31 August 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 19 October 2023 and were signed on its behalf by:





T J Pallant - Director


INTERTECH CONTRACTS UK LIMITED (REGISTERED NUMBER: 10922003)

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

1. STATUTORY INFORMATION

Intertech Contracts UK 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.

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.

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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery etc - 25% on cost and 20% on 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.

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.

INTERTECH CONTRACTS UK LIMITED (REGISTERED NUMBER: 10922003)

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

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 12 (2022 - 12 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 September 2022 228,764
Additions 48,458
At 31 August 2023 277,222
DEPRECIATION
At 1 September 2022 85,137
Charge for year 50,579
At 31 August 2023 135,716
NET BOOK VALUE
At 31 August 2023 141,506
At 31 August 2022 143,627

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£   
COST
At 1 September 2022 97,968
Additions 39,978
At 31 August 2023 137,946
DEPRECIATION
At 1 September 2022 17,663
Charge for year 36,835
At 31 August 2023 54,498
NET BOOK VALUE
At 31 August 2023 83,448
At 31 August 2022 80,305

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 637,437 465,940
Other debtors 123,874 18,170
761,311 484,110

INTERTECH CONTRACTS UK LIMITED (REGISTERED NUMBER: 10922003)

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

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Hire purchase contracts 36,478 20,414
Trade creditors 103,896 44,514
Taxation and social security 214,738 139,026
Other creditors 152,580 86,776
507,692 290,730

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Hire purchase contracts 57,329 57,938

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

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

2023 2022
£    £   
T J Pallant
Balance outstanding at start of year 11,428 -
Amounts advanced 6,039 11,428
Amounts repaid (11,428 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 6,039 11,428

N D Stabler
Balance outstanding at start of year 4,730 -
Amounts advanced 73,721 4,730
Amounts repaid (4,730 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 73,721 4,730