Company registration number 10342665 (England and Wales)
Inteplex Limited
Unaudited financial statements
For the year ended 28 February 2023
Inteplex Limited
Contents
Page
Statement of financial position
1
Notes to the financial statements
2 - 3
Inteplex Limited
Statement of financial position
As at 28 February 2023
28 February 2023
- 1 -
2023
2022
Notes
£
£
£
£
Current assets
Debtors
2
114,996
110,034
Cash at bank and in hand
8,420
11,246
123,416
121,280
Creditors: amounts falling due within one year
3
(72,126)
(66,397)
Net current assets
51,290
54,883
Capital and reserves
Called up share capital
100
100
Profit and loss reserves
51,190
54,783
Total equity
51,290
54,883
The directors of the company have elected not to include a copy of the income statement within the financial statements.true
For the financial year ended 28 February 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
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.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The financial statements were approved by the board of directors and authorised for issue on 23 November 2023 and are signed on its behalf by:
Mrs A Dagnall
Director
Company Registration No. 10342665
Inteplex Limited
Notes to the financial statements
For the year ended 28 February 2023
- 2 -
1
Accounting policies
Company information
Inteplex Limited is a private company limited by shares incorporated in England and Wales. The registered office is Metal Works, Woodward Way, Atherton, Manchester, England, M46 9RU.
1.1
Accounting convention
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.
Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.
1.2
Turnover
Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.
1.3
Financial instruments
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
1.4
Taxation
The tax expense represents the sum of the tax currently payable.
Current tax
The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the income statement because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.
Inteplex Limited
Notes to the financial statements (continued)
For the year ended 28 February 2023
- 3 -
2
Debtors
2023
2022
Amounts falling due within one year:
£
£
Trade debtors
4,916
1,492
Amounts owed by group undertakings
110,080
108,542
114,996
110,034
3
Creditors: amounts falling due within one year
2023
2022
£
£
Trade creditors
252
Amounts owed to group undertakings
68,541
60,903
Corporation tax
24
Other taxation and social security
330
963
Other creditors
3,255
4,255
72,126
66,397