Silverfin false false 31/12/2023 01/01/2023 31/12/2023 Mr J J Bardsley 06/09/2012 Mrs A C Davies 03/01/2023 Mr A R Green 23/04/2014 Mr A J Hughes 01/02/2024 Mr M I Newton 02/08/2021 Mr J Wren 02/01/2014 05 August 2024 The principal activity of the Company during the financial year was that of direct mail and e-commerce fulfilment. 08204926 2023-12-31 08204926 bus:Director1 2023-12-31 08204926 bus:Director2 2023-12-31 08204926 bus:Director3 2023-12-31 08204926 bus:Director4 2023-12-31 08204926 bus:Director5 2023-12-31 08204926 bus:Director6 2023-12-31 08204926 2022-12-31 08204926 core:CurrentFinancialInstruments 2023-12-31 08204926 core:CurrentFinancialInstruments 2022-12-31 08204926 core:Non-currentFinancialInstruments 2023-12-31 08204926 core:Non-currentFinancialInstruments 2022-12-31 08204926 core:ShareCapital 2023-12-31 08204926 core:ShareCapital 2022-12-31 08204926 core:RetainedEarningsAccumulatedLosses 2023-12-31 08204926 core:RetainedEarningsAccumulatedLosses 2022-12-31 08204926 core:OtherResidualIntangibleAssets 2022-12-31 08204926 core:OtherResidualIntangibleAssets 2023-12-31 08204926 core:Vehicles 2022-12-31 08204926 core:FurnitureFittings 2022-12-31 08204926 core:ComputerEquipment 2022-12-31 08204926 core:Vehicles 2023-12-31 08204926 core:FurnitureFittings 2023-12-31 08204926 core:ComputerEquipment 2023-12-31 08204926 bus:OrdinaryShareClass1 2023-12-31 08204926 2023-01-01 2023-12-31 08204926 bus:FilletedAccounts 2023-01-01 2023-12-31 08204926 bus:SmallEntities 2023-01-01 2023-12-31 08204926 bus:AuditExemptWithAccountantsReport 2023-01-01 2023-12-31 08204926 bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 08204926 bus:Director1 2023-01-01 2023-12-31 08204926 bus:Director2 2023-01-01 2023-12-31 08204926 bus:Director3 2023-01-01 2023-12-31 08204926 bus:Director4 2023-01-01 2023-12-31 08204926 bus:Director5 2023-01-01 2023-12-31 08204926 bus:Director6 2023-01-01 2023-12-31 08204926 core:OtherResidualIntangibleAssets core:TopRangeValue 2023-01-01 2023-12-31 08204926 core:Vehicles 2023-01-01 2023-12-31 08204926 core:FurnitureFittings 2023-01-01 2023-12-31 08204926 core:ComputerEquipment 2023-01-01 2023-12-31 08204926 2022-01-01 2022-12-31 08204926 core:OtherResidualIntangibleAssets 2023-01-01 2023-12-31 08204926 core:Non-currentFinancialInstruments 2023-01-01 2023-12-31 08204926 bus:OrdinaryShareClass1 2023-01-01 2023-12-31 08204926 bus:OrdinaryShareClass1 2022-01-01 2022-12-31 iso4217:GBP xbrli:pure xbrli:shares

Company No: 08204926 (England and Wales)

INTERSEND LIMITED

Unaudited Financial Statements
For the financial year ended 31 December 2023
Pages for filing with the registrar

INTERSEND LIMITED

Unaudited Financial Statements

For the financial year ended 31 December 2023

Contents

INTERSEND LIMITED

BALANCE SHEET

As at 31 December 2023
INTERSEND LIMITED

BALANCE SHEET (continued)

As at 31 December 2023
Note 2023 2022
£ £
Fixed assets
Intangible assets 3 3,648 7,364
Tangible assets 4 144,057 96,614
147,705 103,978
Current assets
Stocks 2,728 2,728
Debtors 5 214,392 127,298
Cash at bank and in hand 20,111 4,012
237,231 134,038
Creditors: amounts falling due within one year 6 ( 119,500) ( 133,269)
Net current assets 117,731 769
Total assets less current liabilities 265,436 104,747
Creditors: amounts falling due after more than one year 7 ( 79,357) ( 24,167)
Provision for liabilities ( 36,926) ( 25,995)
Net assets 149,153 54,585
Capital and reserves
Called-up share capital 8 100 100
Profit and loss account 149,053 54,485
Total shareholder's funds 149,153 54,585

For the financial 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.

Directors' responsibilities:

The financial statements of InterSend Limited (registered number: 08204926) were approved and authorised for issue by the Board of Directors on 05 August 2024. They were signed on its behalf by:

Mr J J Bardsley
Director
INTERSEND LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 December 2023
INTERSEND LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 December 2023
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

InterSend Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is C/O Francis Clark Llp, Melville Building East, Royal William Yard, Plymouth, Devon, PL1 3GW, United Kingdom. The principal place of business is Unit 1, Newhouse Farm, Antlands Ln, Copthorne, Horley, RH6 9TF.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Turnover

Turnover is stated net of VAT and trade discounts and is recognised when the significant risks and rewards are considered to have been transferred to the buyer.

Turnover from the sale of goods is recognised when the goods are physically delivered to the customer.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on tax rates and laws substantively enacted at the balance sheet date. Deferred tax assets and liabilities are not discounted.

Intangible assets

Intangible assets are stated at cost or valuation, net of amortisation and any provision for impairment. Amortisation is provided on all intangible assets at rates to write off the cost or valuation of each asset over its expected useful life as follows:

Other intangible assets 4 years straight line
Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a reducing balance basis over its expected useful life, as follows:

Vehicles 25 % reducing balance
Fixtures and fittings 20 % reducing balance
Computer equipment 20 % reducing balance

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Statement of Income and Retained Earnings as described below.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to the net realisable value. Cost is calculated using the FIFO (first-in, first-out) method. Provision is made for obsolete, slow-moving or defective items where appropriate.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets receivable within one year, such as trade debtors and bank balances, are measured at transaction price less any impairment.

Basic financial assets receivable within more than one year are measured at amortised cost less any impairment.

Financial assets are derecognised when and only when the contractual rights to the cash flows from the financial asset expire or are settled, or the Company transfers to another party substantially all of the risks and rewards of ownership of the financial asset, or the Company, despite having retained some, but not all, significant risks and rewards of ownership, has transferred control of the asset to another party.

Basic financial liabilities
Basic financial liabilities that have no stated interest rate and are payable within one year, such as trade creditors, are measured at transaction price.

Other basic financial liabilities are measured at amortised cost.

Financial liabilities are derecognised when the company’s contractual obligations expire or are discharged or cancelled.

Provisions

Provisions are recognised when the Company has a present obligation (legal or constructive) as a result of a past event, it is probable that the Company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the Balance Sheet date, taking into account the risks and uncertainties surrounding the obligation. Where a provision is measured using the cash flows estimated to settle the present obligation, its carrying amount is the present value of those cash flows (when the effect of the time value of money is material).

When some or all of the economic benefits required to settle a provision are expected to be recovered from a third party, a receivable is recognised as an asset if it is virtually certain that reimbursement will be received and the amount of the receivable can be measured reliably.

2. Employees

2023 2022
Number Number
Monthly average number of persons employed by the Company during the year, including directors 4 4

3. Intangible assets

Other intangible assets Total
£ £
Cost
At 01 January 2023 14,935 14,935
At 31 December 2023 14,935 14,935
Accumulated amortisation
At 01 January 2023 7,571 7,571
Charge for the financial year 3,716 3,716
At 31 December 2023 11,287 11,287
Net book value
At 31 December 2023 3,648 3,648
At 31 December 2022 7,364 7,364

4. Tangible assets

Vehicles Fixtures and fittings Computer equipment Total
£ £ £ £
Cost
At 01 January 2023 0 107,012 10,667 117,679
Additions 46,284 25,758 1,954 73,996
At 31 December 2023 46,284 132,770 12,621 191,675
Accumulated depreciation
At 01 January 2023 0 17,641 3,424 21,065
Charge for the financial year 3,275 21,784 1,494 26,553
At 31 December 2023 3,275 39,425 4,918 47,618
Net book value
At 31 December 2023 43,009 93,345 7,703 144,057
At 31 December 2022 0 89,371 7,243 96,614

5. Debtors

2023 2022
£ £
Trade debtors 195,450 113,636
Other debtors 18,942 13,662
214,392 127,298

6. Creditors: amounts falling due within one year

2023 2022
£ £
Bank loans 10,000 10,000
Trade creditors 67,224 90,315
Amounts owed to Group undertakings 0 23,211
Taxation and social security 35,876 7,925
Obligations under finance leases and hire purchase contracts 3,216 0
Other creditors 3,184 1,818
119,500 133,269

7. Creditors: amounts falling due after more than one year

2023 2022
£ £
Bank loans 14,166 24,167
Amounts owed to Group undertakings 29,048 0
Obligations under finance leases and hire purchase contracts 36,143 0
79,357 24,167

There are no amounts included above in respect of which any security has been given by the small entity.

8. Called-up share capital

2023 2022
£ £
Allotted, called-up and fully-paid
100 Ordinary shares of £ 1.00 each 100 100

9. Ultimate controlling party

Parent Company:

InterGo Holdings Limited
C/O Francis Clark Llp, Melville Building East, Royal William Yard, Plymouth, Devon, United Kingdom, PL1 3GW