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REGISTERED NUMBER: 09165348 (England and Wales)















Financial Statements for the Year Ended 31 December 2023

for

Intellum UK Limited

Intellum UK Limited (Registered number: 09165348)

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










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Intellum UK Limited

Company Information
for the Year Ended 31 December 2023







DIRECTOR: W Simpson



REGISTERED OFFICE: 303 Goring Road
Worthing
West Sussex
BN12 4NX



REGISTERED NUMBER: 09165348 (England and Wales)



SENIOR STATUTORY AUDITOR: Michelle Westbury FCCA



AUDITORS: WEST & BERRY LIMITED
Mocatta House
Trafalgar Place
Brighton
East Sussex
BN1 4DU

Intellum UK Limited (Registered number: 09165348)

Balance Sheet
31 December 2023

2023 2022
Notes £    £   
CURRENT ASSETS
Debtors 4 772,152 166,974
Cash at bank 3,731 458,643
775,883 625,617
CREDITORS
Amounts falling due within one year 5 252,660 242,786
NET CURRENT ASSETS 523,223 382,831
TOTAL ASSETS LESS CURRENT
LIABILITIES

523,223

382,831

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 523,123 382,731
SHAREHOLDERS' FUNDS 523,223 382,831

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 5 April 2024 and were signed by:





W Simpson - Director


Intellum UK Limited (Registered number: 09165348)

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


1. STATUTORY INFORMATION

Intellum UK 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.

The financial statements are prepared in sterling, which is the functional currency of the limited company. Monetary amounts in these financial statements are rounded to the nearest £.

Going concern
At the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements. There are no material uncertainties that may cast significant doubt about the entity's ability to continue as a going concern.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Revenue from annual software contract sales is recognised when the services are rendered, using a percentage of completion method based on the actual contract provided as a proportion of the total contract remaining.

Taxation
Taxation for the year comprises current 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 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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result. Gains and losses arising on translation in the period are included in profit or loss.

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.

Intellum UK Limited (Registered number: 09165348)

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


3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 14 (2022 - 15 ) .

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 46,558 29,105
Amounts owed by group undertakings 715,930 132,238
Other debtors 9,664 5,631
772,152 166,974

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Taxation and social security 50,652 31,635
Other creditors 202,008 211,151
252,660 242,786

6. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Michelle Westbury FCCA (Senior Statutory Auditor)
for and on behalf of WEST & BERRY LIMITED

7. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Intellum Inc., a US based company. On the 31st August 2019, Intellum Inc. purchased 100% of the shares in Intellum UK Limited, making it the ultimate controlling party by virtue of its holding.