Company Registration No. 04867428 (England and Wales)
Intrinsic Values Limited
Unaudited accounts
for the year ended 31 December 2023
Intrinsic Values Limited
Unaudited accounts
Contents
Intrinsic Values Limited
Company Information
for the year ended 31 December 2023
Company Number
04867428 (England and Wales)
Registered Office
23 Falconers Field
Harpenden
Hertfordshire
AL5 3EU
United Kingdom
Accountants
RPJ Accountancy Limited
Rivers Lodge
West Common
Harpenden
Hertfordshire
AL5 2JD
Intrinsic Values Limited
Statement of financial position
as at 31 December 2023
Cash at bank and in hand
41,223
58,488
Creditors: amounts falling due within one year
(28,551)
(42,964)
Net current assets
18,104
34,040
Called up share capital
100
100
Profit and loss account
18,004
35,116
Shareholders' funds
18,104
35,216
For the year ending 31 December 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 25 April 2024 and were signed on its behalf by
M Jones
Director
Company Registration No. 04867428
Intrinsic Values Limited
Notes to the Accounts
for the year ended 31 December 2023
Intrinsic Values Limited is a private company, limited by shares, registered in England and Wales, registration number 04867428. The registered office is 23 Falconers Field, Harpenden, Hertfordshire, AL5 3EU, United Kingdom.
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.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
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:
Fixtures & fittings
25% on cost
Computer equipment
33% on cost
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
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.
Intrinsic Values Limited
Notes to the Accounts
for the year ended 31 December 2023
4
Intangible fixed assets
Other
At 31 December 2023
14,000
At 31 December 2023
14,000
5
Tangible fixed assets
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 January 2023
500
7,505
8,005
At 31 December 2023
500
7,505
8,005
At 1 January 2023
500
6,329
6,829
Charge for the year
-
1,176
1,176
At 31 December 2023
500
7,505
8,005
At 31 December 2022
-
1,176
1,176
Amounts falling due within one year
Accrued income and prepayments
5,228
6,090
7
Creditors: amounts falling due within one year
2023
2022
Trade creditors
733
11,844
Taxes and social security
22,095
27,257
Intrinsic Values Limited
Notes to the Accounts
for the year ended 31 December 2023
8
Average number of employees
During the year the average number of employees was 2 (2022: 2).