11 false false false false false false false false false true false false false false false false No description of principal activity 2022-03-01 Sage Accounts Production Advanced 2021 - FRS102_2021 140,825 670 141,495 140,482 511 140,993 502 343 100,000 100,000 100,000 xbrli:pure xbrli:shares iso4217:GBP 5972231 2022-03-01 2023-02-28 5972231 2023-02-28 5972231 2022-02-28 5972231 2021-03-01 2022-02-28 5972231 2022-02-28 5972231 bus:OrdinaryShareClass1 2022-03-01 2023-02-28 5972231 bus:Director2 2022-03-01 2023-02-28 5972231 bus:Director3 2022-03-01 2023-02-28 5972231 core:WithinOneYear 2023-02-28 5972231 core:WithinOneYear 2022-02-28 5972231 core:AfterOneYear 2023-02-28 5972231 core:AfterOneYear 2022-02-28 5972231 bus:OrdinaryShareClass1 2021-03-01 2022-02-28 5972231 core:ShareCapital 2023-02-28 5972231 core:ShareCapital 2022-02-28 5972231 core:SharePremium 2023-02-28 5972231 core:SharePremium 2022-02-28 5972231 core:RetainedEarningsAccumulatedLosses 2023-02-28 5972231 core:RetainedEarningsAccumulatedLosses 2022-02-28 5972231 core:CostValuation core:Non-currentFinancialInstruments 2023-02-28 5972231 core:Non-currentFinancialInstruments 2023-02-28 5972231 core:Non-currentFinancialInstruments 2022-02-28 5972231 bus:SmallEntities 2022-03-01 2023-02-28 5972231 bus:AuditExemptWithAccountantsReport 2022-03-01 2023-02-28 5972231 bus:FullAccounts 2022-03-01 2023-02-28 5972231 bus:SmallCompaniesRegimeForAccounts 2022-03-01 2023-02-28 5972231 bus:PrivateLimitedCompanyLtd 2022-03-01 2023-02-28 5972231 bus:OrdinaryShareClass1 2023-02-28 5972231 bus:OrdinaryShareClass1 2022-02-28 5972231 core:OfficeEquipment 2022-02-28 5972231 core:OfficeEquipment 2022-03-01 2023-02-28 5972231 core:OfficeEquipment 2023-02-28
COMPANY REGISTRATION NUMBER: 5972231
INTEGRITY IT SOLUTIONS LIMITED
FILLETED UNAUDITED FINANCIAL STATEMENTS
28 February 2023
INTEGRITY IT SOLUTIONS LIMITED
FINANCIAL STATEMENTS
YEAR ENDED 28 FEBRUARY 2023
Contents
Pages
Balance sheet 1 to 2
Notes to the financial statements 3 to 6
INTEGRITY IT SOLUTIONS LIMITED
BALANCE SHEET
28 February 2023
2023
2022
Note
£
£
Fixed assets
Tangible assets
7
502
343
Investments
8
100,000
100,000
------------
------------
100,502
100,343
Current assets
Debtors
9
413,326
726,551
Cash at bank and in hand
277,672
51,340
------------
------------
690,998
777,891
Creditors: amounts falling due within one year
10
( 144,616)
( 163,642)
------------
------------
Net current assets
546,382
614,249
------------
------------
Total assets less current liabilities
646,884
714,592
Creditors: amounts falling due after more than one year
11
( 120,638)
( 179,607)
Provisions
( 100)
( 100)
------------
------------
Net assets
526,146
534,885
------------
------------
Capital and reserves
Called up share capital
14
2,000
2,000
Share premium account
48,000
48,000
Profit and loss account
476,146
484,885
------------
------------
Shareholders funds
526,146
534,885
------------
------------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the profit and loss account has not been delivered.
For the year ending 28 February 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
INTEGRITY IT SOLUTIONS LIMITED
BALANCE SHEET (continued)
28 February 2023
These financial statements were approved by the board of directors and authorised for issue on 14 August 2023 , and are signed on behalf of the board by:
R E Turner
L M Meadows
Director
Director
Company registration number: 5972231
INTEGRITY IT SOLUTIONS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 28 FEBRUARY 2023
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Wellington Mills, Plover Road, Lindley, Huddersfield, HD3 3HR.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Operating leases
Rentals payable under operating leases are charged to the profit and loss account when incurred.
Turnover
Turnover represents the value of goods sold and services provided net of value added tax.
Deferred taxation
Deferred taxation is provided on the liability method at anticipated future rates of taxation on differences arising from the inclusion of income and expenditure in periods different for accounts and taxation purposes.
Depreciation
The depreciation of tangible fixed assets is based on cost and is applied using the following rates:
Office Equpment
-
3 years straight line
Investments
Investments are recored at cost and are subject to an annual impairment review.
Grants
Revenue grants are recognised in the period to which they relate.
Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.
Pension costs
Contributions to defined contribution pension schemes are charged to the profit and loss account when paid.
4. Turnover
The company’s turnover is derived entirely within the United Kingdom.
5. Employee numbers
The average number of persons employed by the company during the year amounted to 11 (2022: 9 ).
6. Dividends
Dividends paid during the year (excluding those for which a liability existed at the end of the prior year):
2023
2022
£
£
Ordinary - interim paid
8,000
68,000
------------
------------
7. Tangible assets
Office equipment
£
Cost
At 1 March 2022
140,825
Additions
670
------------
At 28 February 2023
141,495
------------
Depreciation
At 1 March 2022
140,482
Charge for the year
511
------------
At 28 February 2023
140,993
------------
Carrying amount
At 28 February 2023
502
------------
At 28 February 2022
343
------------
8. Investments
Shares in group undertakings
£
Cost
At 1 March 2022 and 28 February 2023
100,000
------------
Impairment
At 1 March 2022 and 28 February 2023
------------
Carrying amount
At 28 February 2023
100,000
------------
At 28 February 2022
100,000
------------
The investment comprises of a 30.5% shareholding in Treefrog Software Limited at cost.
This company is registered in England and is involved in software development.
The directors consider that the realisable value of this investment is not less than the carrying value such that no impairment provision has been made
9. Debtors
2023
2022
£
£
Trade debtors
237,822
188,783
Amounts used to group undertakings
6,771
Amounts used to related undertakings
127,099
Prepayments and accrued income
24,934
26,031
Other debtors
16,700
511,737
------------
------------
413,326
726,551
------------
------------
10. Creditors: amounts falling due within one year
2023
2022
£
£
Bank loan
57,958
53,000
Trade creditors
26,518
11,422
Accruals and deferred income
31,685
3,250
Corporation tax
2,420
53,121
Social security and other taxes
26,035
42,849
------------
------------
144,616
163,642
------------
------------
11. Creditors: amounts falling due after more than one year
2023
2022
£
£
Bank loan
120,638
179,607
------------
------------
12. Deferred tax
The deferred tax included in the balance sheet is as follows:
2023
2022
£
£
Included in provisions
100
100
------------
------------
13. Share premium account
2023
2022
£
£
At 28 February 2023
48,000
48,000
14. Called up share capital
Issued, called up and fully paid
2023
2022
No.
£
No.
£
Ordinary shares of £ 1 each
2,000
2,000
2,000
2,000
------------
------------
------------
------------
15. Related party disclosure
The company is wholly-owned subsidiary of Atlantis Integrity Topco Limited. There is no one controlling party of this company. The directors have provided personal guarantees in support of the company’s finance facilities.
16. Operating lease commitments
The company occupies its premises under an operating lease with an annual rent of £20,000. There are also various vehicle and other leases with an annual cost of £14,500.
17. Pension commitments
The pension cost for the year in relation to independently administered defined contribution pension schemes was £8,203 (2022: £6,736).