Caseware UK (AP4) 2022.0.179 2022.0.179 2023-10-312023-10-31Construction of domestic buildings2022-11-01false44truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 09287993 2022-11-01 2023-10-31 09287993 2021-11-01 2022-10-31 09287993 2023-10-31 09287993 2022-10-31 09287993 c:Director1 2022-11-01 2023-10-31 09287993 d:MotorVehicles 2022-11-01 2023-10-31 09287993 d:MotorVehicles 2023-10-31 09287993 d:MotorVehicles 2022-10-31 09287993 d:MotorVehicles d:OwnedOrFreeholdAssets 2022-11-01 2023-10-31 09287993 d:ComputerEquipment 2022-11-01 2023-10-31 09287993 d:ComputerEquipment 2023-10-31 09287993 d:ComputerEquipment 2022-10-31 09287993 d:ComputerEquipment d:OwnedOrFreeholdAssets 2022-11-01 2023-10-31 09287993 d:OwnedOrFreeholdAssets 2022-11-01 2023-10-31 09287993 d:CurrentFinancialInstruments 2023-10-31 09287993 d:CurrentFinancialInstruments 2022-10-31 09287993 d:Non-currentFinancialInstruments 2023-10-31 09287993 d:Non-currentFinancialInstruments 2022-10-31 09287993 d:CurrentFinancialInstruments d:WithinOneYear 2023-10-31 09287993 d:CurrentFinancialInstruments d:WithinOneYear 2022-10-31 09287993 d:Non-currentFinancialInstruments d:AfterOneYear 2023-10-31 09287993 d:Non-currentFinancialInstruments d:AfterOneYear 2022-10-31 09287993 d:ShareCapital 2023-10-31 09287993 d:ShareCapital 2022-10-31 09287993 d:RetainedEarningsAccumulatedLosses 2023-10-31 09287993 d:RetainedEarningsAccumulatedLosses 2022-10-31 09287993 d:AcceleratedTaxDepreciationDeferredTax 2023-10-31 09287993 d:AcceleratedTaxDepreciationDeferredTax 2022-10-31 09287993 c:OrdinaryShareClass1 2022-11-01 2023-10-31 09287993 c:OrdinaryShareClass1 2023-10-31 09287993 c:OrdinaryShareClass1 2022-10-31 09287993 c:FRS102 2022-11-01 2023-10-31 09287993 c:AuditExempt-NoAccountantsReport 2022-11-01 2023-10-31 09287993 c:FullAccounts 2022-11-01 2023-10-31 09287993 c:PrivateLimitedCompanyLtd 2022-11-01 2023-10-31 09287993 2 2022-11-01 2023-10-31 iso4217:GBP xbrli:shares xbrli:pure

Registered number: 09287993









INTI CONSTRUCTION LTD







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 OCTOBER 2023

 
INTI CONSTRUCTION LTD
REGISTERED NUMBER: 09287993

BALANCE SHEET
AS AT 31 OCTOBER 2023

2023
2022
Note
£
£

FIXED ASSETS
  

Tangible assets
 4 
22,457
28,986

  
22,457
28,986

CURRENT ASSETS
  

Stocks
 5 
662,652
42,273

Debtors: amounts falling due within one year
 6 
59,953
44,524

Cash at bank and in hand
  
46,529
443,846

  
769,134
530,643

Creditors: amounts falling due within one year
 7 
(541,814)
(120,576)

NET CURRENT ASSETS
  
 
 
227,320
 
 
410,067

TOTAL ASSETS LESS CURRENT LIABILITIES
  
249,777
439,053

Creditors: amounts falling due after more than one year
 8 
(15,833)
(25,833)

PROVISIONS FOR LIABILITIES
  

Deferred tax
 9 
(5,614)
(7,247)

  
 
 
(5,614)
 
 
(7,247)

NET ASSETS
  
228,330
405,973


CAPITAL AND RESERVES
  

Called up share capital 
 10 
10
10

Profit and loss account
  
228,320
405,963

  
228,330
405,973


Page 1

 
INTI CONSTRUCTION LTD
REGISTERED NUMBER: 09287993
    
BALANCE SHEET (CONTINUED)
AS AT 31 OCTOBER 2023

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

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 financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




Mr J Vargas
Director

Date: 9 February 2024

The notes on pages 3 to 8 form part of these financial statements.

Page 2

 
INTI CONSTRUCTION LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023

1.


GENERAL INFORMATION

IInti Construction Limited is a private company, limited by shares and registered in England and Wales and its registered address is Salisbury House, Station Road, Cambridge CB1 2LA. 
The Company's principal trading address is 41 Highworth Avenue, Cambridge CB4 2BQ.
The Company's functional currency is GBP.

2.ACCOUNTING POLICIES

 
2.1

BASIS OF PREPARATION OF FINANCIAL STATEMENTS

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

  
2.2

TURNOVER

Turnover comprises revenue recognised by the Company in respect of construction projects undertaken during the year, exclusive of Value Added Tax

 
2.3

OPERATING LEASES: THE COMPANY AS LESSEE

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

 
2.4

INTEREST INCOME

Interest income is recognised in profit or loss using the effective interest method.

 
2.5

FINANCE COSTS

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.6

PENSIONS

DEFINED CONTRIBUTION PENSION PLAN

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance Sheet. The assets of the plan are held separately from the Company in independently administered funds.

Page 3

 
INTI CONSTRUCTION LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023

2.ACCOUNTING POLICIES (CONTINUED)

 
2.7

CURRENT AND DEFERRED TAXATION

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

 
2.8

TANGIBLE FIXED ASSETS

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives.

Depreciation is provided on the following basis:

Motor vehicles
-
20%
straight line basis
Computer equipment
-
25%
straight line basis

  
2.9

STOCKS

Stocks comprise work in progress capitalised and carried forward under ongoing construction projects.
At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

Page 4

 
INTI CONSTRUCTION LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023

2.ACCOUNTING POLICIES (CONTINUED)

 
2.10

DEBTORS

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.11

CASH AND CASH EQUIVALENTS

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.12

CREDITORS

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.13

PROVISIONS FOR LIABILITIES

Provisions are made where an event has taken place that gives the Company a legal or constructive obligation that probably requires settlement by a transfer of economic benefit, and a reliable estimate can be made of the amount of the obligation.
Provisions are charged as an expense to profit or loss in the year that the Company becomes aware of the obligation, and are measured at the best estimate at the balance sheet date of the expenditure required to settle the obligation, taking into account relevant risks and uncertainties.
When payments are eventually made, they are charged to the provision carried in the Balance Sheet.


3.


EMPLOYEES

The average monthly number of employees, including directors, during the year was 4 (2022 - 4).

Page 5

 
INTI CONSTRUCTION LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023

4.


TANGIBLE FIXED ASSETS





Motor vehicles
Computer equipment
Total

£
£
£



COST OR VALUATION


At 1 November 2022
30,879
7,795
38,674


Additions
-
1,960
1,960



At 31 October 2023

30,879
9,755
40,634



DEPRECIATION


At 1 November 2022
5,122
4,566
9,688


Charge for the year on owned assets
6,176
2,313
8,489



At 31 October 2023

11,298
6,879
18,177



NET BOOK VALUE



At 31 October 2023
19,581
2,876
22,457



At 31 October 2022
25,757
3,229
28,986


5.


STOCKS

2023
2022
£
£

Work in progress
662,652
42,273

662,652
42,273



6.


DEBTORS

2023
2022
£
£


Other debtors
59,461
44,073

Prepayments and accrued income
492
451

59,953
44,524


Page 6

 
INTI CONSTRUCTION LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023

7.


CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2023
2022
£
£

Bank loans
10,000
10,000

Trade creditors
57,963
19,631

Corporation tax
-
68,694

Other taxation and social security
-
5,868

Other creditors
471,021
13,553

Accruals and deferred income
2,830
2,830

541,814
120,576


Included in bank loans is a Government backed 'Bounce Back' loan of £10,000 (2022 - £10,000),  which
was drawn down in May 2020. This loan is 100% guaranteed by the Government and no interest or fees
were payable by the Company during the first 12 months. After the 12 month period, interest has been
charged at 2.5% per annum.
Other creditors include contributions of £433 (2022 - £NIL) payable to the Company's defined contribution
pension scheme at the balance sheet date.


8.


CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2023
2022
£
£

Bank loans
15,833
25,833

15,833
25,833


Included in bank loans is a Government backed 'Bounce Back' loan of £15,833 (2022 - £25,833), which was drawn down in May 2020. This loan is 100% guaranteed by the Government and no interest or fees were payable by the Company during the first 12 months. After the 12 month period, interest has been charged at 2.5% per annum.

Page 7

 
INTI CONSTRUCTION LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023

9.


DEFERRED TAXATION




2023


£






At beginning of year
(7,247)


Credited to profit or loss
1,633



AT END OF YEAR
(5,614)

The provision for deferred taxation is made up as follows:

2023
2022
£
£


Accelerated capital allowances
(5,614)
(7,247)

(5,614)
(7,247)


10.


SHARE CAPITAL

2023
2022
£
£
ALLOTTED, CALLED UP AND FULLY PAID



10 (2022 - 10) Ordinary shares of £1.00 each
10
10


 
Page 8