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REGISTERED NUMBER: 05144701 (England and Wales)















INTEX FACADES LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2023






INTEX FACADES LIMITED (REGISTERED NUMBER: 05144701)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


INTEX FACADES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JULY 2023







DIRECTORS: J Mills
S Mills
A Wheatley





REGISTERED OFFICE: Bleak Hill Sidings
Off Sheepbridge Lane
Mansfield
Nottinghamshire
NG18 5EP





REGISTERED NUMBER: 05144701 (England and Wales)

INTEX FACADES LIMITED (REGISTERED NUMBER: 05144701)

BALANCE SHEET
31 JULY 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 1 1
Tangible assets 5 266,523 135,538
266,524 135,539

CURRENT ASSETS
Stocks 3,560 -
Debtors 6 1,587,697 799,943
Cash at bank and in hand 158,918 699,963
1,750,175 1,499,906
CREDITORS: AMOUNTS FALLING DUE
WITHIN ONE YEAR

7

1,036,765

890,603
NET CURRENT ASSETS 713,410 609,303
TOTAL ASSETS LESS CURRENT
LIABILITIES

979,934

744,842

CREDITORS: AMOUNTS FALLING DUE
AFTER MORE THAN ONE YEAR

8

(44,470

)

(28,529

)

PROVISIONS FOR LIABILITIES (43,392 ) (24,918 )
NET ASSETS 892,072 691,395

INTEX FACADES LIMITED (REGISTERED NUMBER: 05144701)

BALANCE SHEET - continued
31 JULY 2023

2023 2022
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 11 14 14
Capital redemption reserve 4 4
Retained earnings 892,054 691,377
SHAREHOLDERS' FUNDS 892,072 691,395

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

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

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 16 November 2023 and were signed on its behalf by:





J Mills - Director


INTEX FACADES LIMITED (REGISTERED NUMBER: 05144701)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023


1. STATUTORY INFORMATION

Intex Facades 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

Compliance with accounting standards
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.

The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).

Turnover
Turnover represents net invoiced sales of goods and services, net of value added tax and trade discounts.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Improvements to property - 20% on cost
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance

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.


INTEX FACADES LIMITED (REGISTERED NUMBER: 05144701)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2023


2. ACCOUNTING POLICIES - continued
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.

Debtors and creditors
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

Employee benefits
When employees have rendered service to the company, short-term employee benefits to which employees are entitled are recognised at the undiscounted amount expected to be paid in exchange for that service.

Turnover and profits
Turnover represents amounts receivable for goods and services net of VAT and trade discounts.

Profit is recognised on long-term contracts, if the final outcome can be assessed with reasonable certainty, by including in the profit and loss account turnover and related costs as contract activity progresses. Turnover is calculated as that proportion of total contract value which costs to date bear to total expected costs for that contract.

Long term contracts
Amounts recoverable on long term contracts, which are included in debtors, are stated at the net sales value of the work done after provision for contingencies and anticipated future losses on contracts, less amounts received as progress payments on account. Excess progress payments are included in creditors as payments on account.

Goodwill
Acquired goodwill is written off in equal instalments over its estimated useful economic life.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 13 (2022 - 10 ) .

INTEX FACADES LIMITED (REGISTERED NUMBER: 05144701)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2023


4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 August 2022
and 31 July 2023 5,000
AMORTISATION
At 1 August 2022
and 31 July 2023 4,999
NET BOOK VALUE
At 31 July 2023 1
At 31 July 2022 1

5. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Plant and and Motor
property machinery fittings vehicles Totals
£    £    £    £    £   
COST
At 1 August 2022 28,045 102,774 92,463 73,555 296,837
Additions - 109,137 3,184 107,071 219,392
At 31 July 2023 28,045 211,911 95,647 180,626 516,229
DEPRECIATION
At 1 August 2022 11,787 66,402 49,586 33,524 161,299
Charge for year 5,609 36,367 6,907 39,524 88,407
At 31 July 2023 17,396 102,769 56,493 73,048 249,706
NET BOOK VALUE
At 31 July 2023 10,649 109,142 39,154 107,578 266,523
At 31 July 2022 16,258 36,372 42,877 40,031 135,538

The net book value of motor vehicles includes £93,300 (2022: £32,996) in respect of assets held under finance leases or hire purchase contracts. The depreciation charge in respect of such assets amounted to £34,767 (2022: £10,999) for the year.

INTEX FACADES LIMITED (REGISTERED NUMBER: 05144701)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2023


6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 1,456,196 717,775
Amounts recoverable on contract 33,657 15,758
Other debtors 97,844 66,410
1,587,697 799,943

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Hire purchase contracts (see note 9) 23,306 10,699
Trade creditors 636,577 459,900
Taxation and social security 162,164 166,075
Other creditors 214,718 253,929
1,036,765 890,603

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Hire purchase contracts (see note 9) 44,470 28,529

9. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
2023 2022
£    £   
Net obligations repayable:
Within one year 23,306 10,699
Between one and five years 44,470 28,529
67,776 39,228

INTEX FACADES LIMITED (REGISTERED NUMBER: 05144701)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2023


9. LEASING AGREEMENTS - continued

Non-cancellable operating leases
2023 2022
£    £   
Within one year 15,670 38,034
Between one and five years 1,265 19,166
16,935 57,200

10. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Other loans - 44,191

The loan is secured against personal guarantees given by the directors.

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
6 Ordinary A £1 6 6
4 Ordinary C £1 4 4
4 Ordinary D £1 4 4
14 14

12. CONTROL

The controlling party is EPOSAL Holdings Ltd.

The ultimate controlling party is J Mills.