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REGISTERED NUMBER: 11112935 (England and Wales)















Financial Statements for the Year Ended 31 March 2024

for

Integrec Limited

Integrec Limited (Registered number: 11112935)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


Integrec Limited

Company Information
for the Year Ended 31 March 2024







DIRECTOR: P Knightley





REGISTERED OFFICE: 17 Skylark Way
Witney
Oxfordshire
OX28 6NR





REGISTERED NUMBER: 11112935 (England and Wales)





ACCOUNTANTS: Millward, May & Co
The Overhangs
55a Peach Street
Wokingham
Berkshire
RG40 1XP

Integrec Limited (Registered number: 11112935)

Statement of Financial Position
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 3,560 1,213
Investments 5 12,198 12,126
15,758 13,339

CURRENT ASSETS
Debtors 6 6,093 54,396
Cash at bank 35,771 82,535
41,864 136,931
CREDITORS
Amounts falling due within one year 7 4,098 23,025
NET CURRENT ASSETS 37,766 113,906
TOTAL ASSETS LESS CURRENT LIABILITIES 53,524 127,245

PROVISIONS FOR LIABILITIES 677 231
NET ASSETS 52,847 127,014

CAPITAL AND RESERVES
Called up share capital 8 100 100
Other reserves (3,719 ) (3,855 )
Retained earnings 56,466 130,769
SHAREHOLDERS' FUNDS 52,847 127,014

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

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

The director acknowledges his 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.

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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 18 July 2024 and were signed by:





P Knightley - Director


Integrec Limited (Registered number: 11112935)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

Integrec Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

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 as modified by the revaluation of certain assets.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Computer equipment - 3 year straight line
Fixtures & fittings - 20% 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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Fixed asset investments
Investments in listed company shares, which have been classified as fixed asset investments, are remeasured to market value at each balance sheet date. Gains and losses on remeasurements are recognised in profit or loss for the period.

3. EMPLOYEES AND DIRECTORS

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

Integrec Limited (Registered number: 11112935)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 April 2023 835 6,263 7,098
Additions - 4,397 4,397
Disposals - (1,399 ) (1,399 )
At 31 March 2024 835 9,261 10,096
DEPRECIATION
At 1 April 2023 471 5,414 5,885
Charge for year 73 1,977 2,050
Eliminated on disposal - (1,399 ) (1,399 )
At 31 March 2024 544 5,992 6,536
NET BOOK VALUE
At 31 March 2024 291 3,269 3,560
At 31 March 2023 364 849 1,213

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST OR VALUATION
At 1 April 2023 12,126
Additions 23
Disposals (87 )
Revaluations 136
At 31 March 2024 12,198
NET BOOK VALUE
At 31 March 2024 12,198
At 31 March 2023 12,126

Cost or valuation at 31 March 2024 is represented by:

Other
investments
£   
Valuation in 2022 (4,639 )
Valuation in 2023 784
Valuation in 2024 135
Cost 15,918
12,198

If fixed asset investments had not been revalued they would have been included at the following historical cost:

31.3.24 31.3.23
£    £   
Cost 15,918 15,981

Fixed asset investments were valued on an open market basis on 31 March 2024 by online share markets .

Integrec Limited (Registered number: 11112935)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Other debtors 6,093 54,396

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Taxation and social security 3,083 22,000
Other creditors 1,015 1,025
4,098 23,025

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.24 31.3.23
value: £    £   
100 Ordinary £1 100 100

9. RELATED PARTY DISCLOSURES

During the period the director maintained a loan account with the company. At the period end the director owed the company £4,686 (2023 - £7,128). This loan is interest free, repayable on demand and shown within other debtors.

During the period, the company also maintained a loan account with a close family member of the director, at the period end £1,000 (2023 - £1,000) was owed to the company.