Registered number
10898232
Ingenutix Ltd
Unaudited Filleted Accounts
31 August 2023
Ingenutix Ltd
Registered number: 10898232
Balance Sheet
as at 31 August 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 14,023 13,866
Current assets
Debtors 4 16,286 6,050
Cash at bank and in hand 73,994 59,748
90,280 65,798
Creditors: amounts falling due within one year 5 (40,195) (21,665)
Net current assets 50,085 44,133
Total assets less current liabilities 64,108 57,999
Provisions for liabilities (727) (372)
Net assets 63,381 57,627
Capital and reserves
Called up share capital 100 100
Profit and loss account 63,281 57,527
Shareholders' funds 63,381 57,627
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
C. Byrne
Director
Approved by the board on 11 April 2024
Ingenutix Ltd
Notes to the Accounts
for the year ended 31 August 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Freehold buildings over 20 years
Fixtures, fittings, tools and equipment over 3-5 years
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price).
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference. Current and deferred tax liabilities are not discounted.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 1 1
3 Tangible fixed assets
Land and buildings Plant and machinery etc Total
£ £ £
Cost
At 1 September 2022 16,107 13,561 29,668
Additions - 2,847 2,847
Disposals - (2,342) (2,342)
At 31 August 2023 16,107 14,066 30,173
Depreciation
At 1 September 2022 4,200 11,602 15,802
Charge for the year 793 1,898 2,691
On disposals - (2,343) (2,343)
At 31 August 2023 4,993 11,157 16,150
Net book value
At 31 August 2023 11,114 2,909 14,023
At 31 August 2022 11,907 1,959 13,866
4 Debtors 2023 2022
£ £
Other debtors 16,286 6,050
5 Creditors: amounts falling due within one year 2023 2022
£ £
Taxation and social security costs 34,733 19,165
Other creditors 5,462 2,500
40,195 21,665
6 Controlling party
The company is controlled by the director.
7 Other information
Ingenutix Ltd is a private company limited by shares and incorporated in England. Its registered office is:
Clearways Accountants
Clearways
Colley Way
Reigate
RH2 9JH
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