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REGISTERED NUMBER: 04251429 (England and Wales)







Unaudited Financial Statements for the Year Ended 31 July 2023

for

Intuitive Software Design Limited

Intuitive Software Design Limited (Registered number: 04251429)






Contents of the Financial Statements
for the Year Ended 31 July 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Intuitive Software Design Limited

Company Information
for the Year Ended 31 July 2023







DIRECTOR: R A Woollcott





SECRETARY: Mrs J E Cohen





REGISTERED OFFICE: Woodlands Grange
Woodlands Lane
Bradley Stoke
Bristol
BS32 4JY





REGISTERED NUMBER: 04251429 (England and Wales)





ACCOUNTANTS: Dunkley's
Woodlands Grange
Woodlands Lane
Bradley Stoke
Bristol
BS32 4JY

Intuitive Software Design Limited (Registered number: 04251429)

Balance Sheet
31 July 2023

31.7.23 31.7.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 11,233 5,709

CURRENT ASSETS
Debtors 5 30,109 27,555
Cash at bank 32,558 1,710
62,667 29,265
CREDITORS
Amounts falling due within one year 6 47,545 25,910
NET CURRENT ASSETS 15,122 3,355
TOTAL ASSETS LESS CURRENT LIABILITIES 26,355 9,064

PROVISIONS FOR LIABILITIES 2,134 1,062
NET ASSETS 24,221 8,002

CAPITAL AND RESERVES
Called up share capital 7 100 100
Retained earnings 24,121 7,902
SHAREHOLDERS' FUNDS 24,221 8,002

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 director acknowledges his 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 director and authorised for issue on 13 March 2024 and were signed by:





R A Woollcott - Director


Intuitive Software Design Limited (Registered number: 04251429)

Notes to the Financial Statements
for the Year Ended 31 July 2023

1. STATUTORY INFORMATION

Intuitive Software Design 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

Basis of preparing the financial statements
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.

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

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33.33% on cost

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.

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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

Intuitive Software Design Limited (Registered number: 04251429)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2023

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 August 2022 1,084 1,975 18,635 20,131 41,825
Additions - 349 - 9,814 10,163
Disposals - - - (8,917 ) (8,917 )
At 31 July 2023 1,084 2,324 18,635 21,028 43,071
DEPRECIATION
At 1 August 2022 1,023 1,458 17,996 15,639 36,116
Charge for year 15 144 159 4,321 4,639
Eliminated on disposal - - - (8,917 ) (8,917 )
At 31 July 2023 1,038 1,602 18,155 11,043 31,838
NET BOOK VALUE
At 31 July 2023 46 722 480 9,985 11,233
At 31 July 2022 61 517 639 4,492 5,709

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.23 31.7.22
£    £   
Trade debtors 20,100 -
Other debtors 1,000 -
Directors' current accounts - 13,042
Taxation repayable 8,753 8,753
Prepayments and accrued income 256 5,760
30,109 27,555

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.23 31.7.22
£    £   
Trade creditors - 70
Tax 36,309 17,143
Social security and other taxes (15 ) (82 )
VAT 9,572 7,183
Other creditors 36 36
Directors' current accounts 81 -
Accrued expenses 1,562 1,560
47,545 25,910

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.7.23 31.7.22
value: £    £   
75 'A' Ordinary £1 75 75
25 'B' Ordinary £1 25 25
100 100

Intuitive Software Design Limited (Registered number: 04251429)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2023

8. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 July 2023 and 31 July 2022:

31.7.23 31.7.22
£    £   
R A Woollcott
Balance outstanding at start of year 13,041 16,073
Amounts advanced 190 (3,838 )
Amounts repaid (13,312 ) 806
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (81 ) 13,041

9. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is R A Woollcott.