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REGISTERED NUMBER: 09972818 (England and Wales)











UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2024

FOR

INTELLIGENT MTG LTD

INTELLIGENT MTG LTD (REGISTERED NUMBER: 09972818)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024










Page

Balance sheet 1

Notes to the financial statements 3


INTELLIGENT MTG LTD (REGISTERED NUMBER: 09972818)

BALANCE SHEET
31 JANUARY 2024

2024 2023
Notes £    £    £    £   
Fixed assets
Tangible assets 4 83,522 74,051

Current assets
Debtors 5 11,401 19,483
Cash at bank 1,825 59,341
13,226 78,824
Creditors
Amounts falling due within one year 6 64,196 87,795
Net current liabilities (50,970 ) (8,971 )
Total assets less current liabilities 32,552 65,080

Creditors
Amounts falling due after more than one year 7 (8,817 ) (15,431 )

Provisions for liabilities 8 (2,666 ) (1,959 )
Net assets 21,069 47,690

Capital and reserves
Called up share capital 9 2 2
Retained earnings 21,067 47,688
Shareholders' funds 21,069 47,690

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

INTELLIGENT MTG LTD (REGISTERED NUMBER: 09972818)

BALANCE SHEET - continued
31 JANUARY 2024


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 Statement of comprehensive income has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 28 August 2024 and were signed on its behalf by:




Mr P Charlwood - Director



Mrs K Charlwood - Director


INTELLIGENT MTG LTD (REGISTERED NUMBER: 09972818)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024


1. Statutory information

Intelligent Mtg Ltd is a private company, limited by shares, registered in England and Wales. The company's registered number is 09972818. The registered office is 7 & 8 Church Street, Wimborne, BH21 1JH and business address is 27 Onslow Gardens, Wimborne, Dorset, BH21 2QG.

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.

Turnover
Turnover represents income from independent financial advising.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Short leasehold - Over the term of the lease
Fixtures and fittings - 25% on reducing balance
Computer equipment - 25% on reducing balance

Taxation
Taxation for the year comprises current and deferred 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 or deferred 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.

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

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.

Financial instruments
Basic financial instruments are initially recognised at transaction price and accounted for according to the substance of the contractual arrangement, as either financial assets, liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company, after deducting all liabilities.

At each balance sheet date, financial instruments are measured at amortised cost using the effective interest method. Any losses arising from impairment are recognised in the profit and loss account in the period to which they relate.

3. Employees and directors

The average number of employees during the year was 2 (2023 - 2 ) .

INTELLIGENT MTG LTD (REGISTERED NUMBER: 09972818)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2024


4. Tangible fixed assets
Fixtures
Short and Computer
leasehold fittings equipment Totals
£    £    £    £   
Cost
At 1 February 2023 74,930 19,557 3,722 98,209
Additions 10,000 7,771 624 18,395
At 31 January 2024 84,930 27,328 4,346 116,604
Depreciation
At 1 February 2023 11,190 11,037 1,931 24,158
Charge for year 4,247 4,073 604 8,924
At 31 January 2024 15,437 15,110 2,535 33,082
Net book value
At 31 January 2024 69,493 12,218 1,811 83,522
At 31 January 2023 63,740 8,520 1,791 74,051

5. Debtors: amounts falling due within one year
2024 2023
£    £   
Directors' current accounts 11,401 19,483

6. Creditors: amounts falling due within one year
2024 2023
£    £   
Bank loans and overdrafts 6,613 6,613
Tax 17,265 23,519
Other creditors 38,338 55,647
Accruals and deferred income 1,980 2,016
64,196 87,795

7. Creditors: amounts falling due after more than one year
2024 2023
£    £   
Bank loans - 1-2 years 6,613 6,613
Bank loans - 2-5 years 2,204 8,818
8,817 15,431

8. Provisions for liabilities
2024 2023
£    £   
Deferred tax 2,666 1,959

INTELLIGENT MTG LTD (REGISTERED NUMBER: 09972818)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2024


8. Provisions for liabilities - continued

Deferred
tax
£   
Balance at 1 February 2023 1,959
Charge to Income statement during year 707
Balance at 31 January 2024 2,666

9. Called up share capital

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
1 Ordinary A £1 1 1
1 Ordinary B £1 1 1
2 2

10. Directors' advances, credits and guarantees

The following advances and credits to directors subsisted during the years ended 31 January 2024 and 31 January 2023:

2024 2023
£    £   
Mr P Charlwood and Mrs K Charlwood
Balance outstanding at start of year 19,483 -
Amounts advanced 109,622 125,873
Amounts repaid (117,704 ) (106,390 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 11,401 19,483

At the end of the year the directors owed the Company amounts totalling £11,401. This was repaid within 9 months of the year end.

11. Ultimate controlling party

The company is controlled by the directors, Mr and Mrs Charlwood, who between them own 100% of the share capital in issue.