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Company Registration No. 09621667 (England and Wales)
INTENSITY RETAIL LTD Unaudited accounts for the year ended 30 June 2023
INTENSITY RETAIL LTD Unaudited accounts Contents
Page
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INTENSITY RETAIL LTD Company Information for the year ended 30 June 2023
Directors
Praful Nanji Amipara Harsh Praful Amipara
Company Number
09621667 (England and Wales)
Registered Office
387-389 HIGH STREET NORTH LONDON E12 6PG ENGLAND
Accountants
Equifin Accountancy Ltd 87 Kingshill drive Harrow Middlesex HA3 8QQ
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INTENSITY RETAIL LTD Statement of financial position as at 30 June 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Intangible assets
125,953 
143,947 
Tangible assets
46,354 
46,090 
172,307 
190,037 
Current assets
Inventories
155,560 
221,500 
Debtors
229,258 
215,514 
Cash at bank and in hand
63,719 
73,014 
448,537 
510,028 
Creditors: amounts falling due within one year
(371,252)
(373,467)
Net current assets
77,285 
136,561 
Total assets less current liabilities
249,592 
326,598 
Creditors: amounts falling due after more than one year
(161,992)
(251,827)
Net assets
87,600 
74,771 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
87,500 
74,671 
Shareholders' funds
87,600 
74,771 
For the year ending 30 June 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 28 August 2023 and were signed on its behalf by
Praful Nanji Amipara Director Company Registration No. 09621667
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INTENSITY RETAIL LTD Notes to the Accounts for the year ended 30 June 2023
1
Statutory information
INTENSITY RETAIL LTD is a private company, limited by shares, registered in England and Wales, registration number 09621667. The registered office is 387-389 HIGH STREET NORTH, LONDON, E12 6PG, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
These financial statements for the year ended 30 June 2023 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 1 July 2021. The transition to FRS 102 Section 1A Small Entities has resulted in a small number of changes in accounting policies to those used previously. The nature of these changes and their impact on opening equity and profit for the comparative period are explained in the notes below.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
20% on reducing balance
Motor vehicles
20% on reducing balance
Fixtures & fittings
20% on reducing balance
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
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.
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INTENSITY RETAIL LTD Notes to the Accounts for the year ended 30 June 2023
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation. Amortised over its estimated useful life of 15 years.
4
Intangible fixed assets
Goodwill 
£ 
Cost
At 1 July 2022
269,904 
At 30 June 2023
269,904 
Amortisation
At 1 July 2022
125,957 
Charge for the year
17,994 
At 30 June 2023
143,951 
Net book value
At 30 June 2023
125,953 
At 30 June 2022
143,947 
5
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Fixtures & fittings 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 July 2022
5,310 
84,879 
23,832 
114,021 
Additions
11,610 
- 
- 
11,610 
At 30 June 2023
16,920 
84,879 
23,832 
125,631 
Depreciation
At 1 July 2022
1,781 
48,368 
17,782 
67,931 
Charge for the year
2,834 
7,302 
1,210 
11,346 
At 30 June 2023
4,615 
55,670 
18,992 
79,277 
Net book value
At 30 June 2023
12,305 
29,209 
4,840 
46,354 
At 30 June 2022
3,529 
36,511 
6,050 
46,090 
6
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
2,806 
20,962 
Amounts due from group undertakings etc.
159,852 
127,752 
Other debtors
66,600 
66,800 
229,258 
215,514 
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INTENSITY RETAIL LTD Notes to the Accounts for the year ended 30 June 2023
7
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
76,368 
- 
VAT
2,437 
1,264 
Trade creditors
23,812 
24,476 
Taxes and social security
13,329 
11,204 
Other creditors
6,492 
14,942 
Loans from directors
244,402 
320,081 
Accruals
4,412 
1,500 
371,252 
373,467 
8
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
101,992 
251,827 
Amounts owed to group undertakings and other participating interests
50,000 
- 
Other creditors
10,000 
- 
161,992 
251,827 
9
Average number of employees
During the year the average number of employees was 6 (2022: 6).
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