Registered number
08305880
Intelex Limited
Filleted Accounts
30 November 2023
Intelex Limited
Registered number: 08305880
Balance Sheet
as at 30 November 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 12,156 23,330
Current assets
Debtors 4 97,307 111,293
Cash at bank and in hand 24,734 9,464
122,041 120,757
Creditors: amounts falling due within one year 5 22,355 4,408
Net current assets 144,396 125,165
Net assets 156,552 148,495
Capital and reserves
Called up share capital 1 1
Profit and loss account 156,551 148,494
Shareholders' funds 156,552 148,495
The directors are 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 directors acknowledge their 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.
David Roberts
Director
Approved by the board on 16 August 2024
Intelex Limited
Notes to the Accounts
for the year ended 30 November 2023
1 Accounting policies
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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
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 50 years
Leasehold land and buildings over the lease term
Plant and machinery over 5 years
Fixtures, fittings, tools and equipment over 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. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. 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. 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. 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, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and 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 11 11
3 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 December 2022 8,688 79,827 88,515
Additions 83 - 83
At 30 November 2023 8,771 79,827 88,598
Depreciation
At 1 December 2022 7,392 57,793 65,185
Charge for the year 451 10,806 11,257
At 30 November 2023 7,843 68,599 76,442
Net book value
At 30 November 2023 928 11,228 12,156
At 30 November 2022 1,296 22,034 23,330
4 Debtors 2023 2022
£ £
Trade debtors 81,676 89,082
Other debtors 15,631 22,211
97,307 111,293
5 Creditors: amounts falling due within one year 2023 2022
£ £
Bank loans and overdrafts - 51,566
Obligations under finance lease and hire purchase contracts 24,335 -
Trade creditors 39,478 39,478
Amounts owed to group undertakings and undertakings in which the company has a participating interest (271,973) (251,870)
Taxation and social security costs 88,268 85,267
Other creditors 97,537 71,151
(22,355) (4,408)
6 Other information
Intelex Limited is a private company limited by shares and incorporated in England. Its registered office is:
5b Roker Terrace
Sunderland
SR6 9NB
Intelex Limited 08305880 false 2022-12-01 2023-11-30 2023-11-30 VT Final Accounts October 2023 release 2 David Roberts No description of principal activity 08305880 2021-12-01 2022-11-30 08305880 core:WithinOneYear 2022-11-30 08305880 core:ShareCapital 2022-11-30 08305880 core:RetainedEarningsAccumulatedLosses 2022-11-30 08305880 2022-12-01 2023-11-30 08305880 bus:PrivateLimitedCompanyLtd 2022-12-01 2023-11-30 08305880 bus:AuditExempt-NoAccountantsReport 2022-12-01 2023-11-30 08305880 bus:Director40 2022-12-01 2023-11-30 08305880 1 2022-12-01 2023-11-30 08305880 2 2022-12-01 2023-11-30 08305880 core:PlantMachinery 2022-12-01 2023-11-30 08305880 core:Vehicles 2022-12-01 2023-11-30 08305880 countries:England 2022-12-01 2023-11-30 08305880 bus:FRS102 2022-12-01 2023-11-30 08305880 bus:FullAccounts 2022-12-01 2023-11-30 08305880 2023-11-30 08305880 core:WithinOneYear 2023-11-30 08305880 core:ShareCapital 2023-11-30 08305880 core:RetainedEarningsAccumulatedLosses 2023-11-30 08305880 core:PlantMachinery 2023-11-30 08305880 core:Vehicles 2023-11-30 08305880 2022-11-30 08305880 core:PlantMachinery 2022-11-30 08305880 core:Vehicles 2022-11-30 iso4217:GBP xbrli:pure