Acorah Software Products - Accounts Production 15.0.600 false true 31 December 2022 1 January 2022 false 1 January 2023 31 December 2023 31 December 2023 08181693 Mr Kieran Tydeman Mr Patrick Tydeman Mrs Elaine Tydeman iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 08181693 2022-12-31 08181693 2023-12-31 08181693 2023-01-01 2023-12-31 08181693 frs-core:CurrentFinancialInstruments 2023-12-31 08181693 frs-core:Non-currentFinancialInstruments 2023-12-31 08181693 frs-core:BetweenOneFiveYears 2023-12-31 08181693 frs-core:ComputerEquipment 2023-12-31 08181693 frs-core:ComputerEquipment 2023-01-01 2023-12-31 08181693 frs-core:ComputerEquipment 2022-12-31 08181693 frs-core:MotorVehicles 2023-12-31 08181693 frs-core:MotorVehicles 2023-01-01 2023-12-31 08181693 frs-core:MotorVehicles 2022-12-31 08181693 frs-core:PlantMachinery 2023-12-31 08181693 frs-core:PlantMachinery 2023-01-01 2023-12-31 08181693 frs-core:PlantMachinery 2022-12-31 08181693 frs-core:WithinOneYear 2023-12-31 08181693 frs-core:ShareCapital 2023-12-31 08181693 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31 08181693 frs-bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 08181693 frs-bus:FilletedAccounts 2023-01-01 2023-12-31 08181693 frs-bus:SmallEntities 2023-01-01 2023-12-31 08181693 frs-bus:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 08181693 frs-bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 08181693 frs-bus:OrdinaryShareClass1 2023-01-01 2023-12-31 08181693 frs-bus:OrdinaryShareClass1 2023-12-31 08181693 frs-bus:PreferenceShareClass2 2023-01-01 2023-12-31 08181693 frs-bus:PreferenceShareClass2 2023-12-31 08181693 frs-bus:Director1 2023-01-01 2023-12-31 08181693 frs-bus:Director1 2022-12-31 08181693 frs-bus:Director1 2023-12-31 08181693 frs-bus:Director2 2023-01-01 2023-12-31 08181693 frs-bus:Director3 2023-01-01 2023-12-31 08181693 frs-countries:EnglandWales 2023-01-01 2023-12-31 08181693 2021-12-31 08181693 2022-12-31 08181693 2022-01-01 2022-12-31 08181693 frs-core:CurrentFinancialInstruments 2022-12-31 08181693 frs-core:Non-currentFinancialInstruments 2022-12-31 08181693 frs-core:BetweenOneFiveYears 2022-12-31 08181693 frs-core:WithinOneYear 2022-12-31 08181693 frs-core:ShareCapital 2022-12-31 08181693 frs-core:RetainedEarningsAccumulatedLosses 2022-12-31 08181693 frs-bus:OrdinaryShareClass1 2022-01-01 2022-12-31 08181693 frs-bus:PreferenceShareClass2 2022-01-01 2022-12-31
Registered number: 08181693
Intego Corporate Ltd
Unaudited Financial Statements
For The Year Ended 31 December 2023
Integrity Tax & Accountancy Solutions Limited
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 08181693
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 39,147 12,416
39,147 12,416
CURRENT ASSETS
Stocks 5 207,582 268,822
Debtors 6 433,417 370,751
Cash at bank and in hand 48,298 60,005
689,297 699,578
Creditors: Amounts Falling Due Within One Year 7 (678,409 ) (734,138 )
NET CURRENT ASSETS (LIABILITIES) 10,888 (34,560 )
TOTAL ASSETS LESS CURRENT LIABILITIES 50,035 (22,144 )
Creditors: Amounts Falling Due After More Than One Year 8 (35,864 ) (24,277 )
NET ASSETS/(LIABILITIES) 14,171 (46,421 )
CAPITAL AND RESERVES
Called up share capital 10 35,100 100
Profit and Loss Account (20,929 ) (46,521 )
SHAREHOLDERS' FUNDS 14,171 (46,421)
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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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Patrick Tydeman
Director
10/09/2024
The notes on pages 3 to 6 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Intego Corporate Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 08181693 . The registered office is 26-27 Riduna Park Station Road, Melton, Woodbridge, IP12 1QT.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. 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 is reduced for estimated customer returns, rebates and other similar allowances.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 20% on reducing balance and varying rates on cost
Motor Vehicles 3 years on cost
Computer Equipment 33% on reducing balance and varying rates on cost
2.4. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account as incurred.
2.5. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
2.6. Financial Instruments
The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.
Financial instruments are recognised in the Company's statement of financial position when the company becomes party to the contractual provisions of the instrument.
Financial assets and liabilities are offset and the net amounts presented in the financial statements where there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.
Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.
Impairment of financial assets
Financial assets, other than those held at fair value through profit and loss, are assessed for indicators of impairment at each reporting end date. Financial assets are impaired where there is objective evidence that, as a result of one or more events that occurred after the initial recognition of the financial asset, the estimated future cash flows have been affected.If an asset is impaired, the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset’s original effective interest rate. The impairment loss is recognised in profit or loss. If there is a decrease in the impairment loss arising from an event occurring after the impairment was recognised, the impairment is reversed. The reversal is such that the current carrying amount does not exceed what the carrying amount would have been, had the impairment not previously been recognised. The impairment reversal is recognised in profit or loss.
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2.7. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
2.8. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 8 (2022: 8)
8 8
4. Tangible Assets
Plant & Machinery Motor Vehicles Computer Equipment Total
£ £ £ £
Cost
As at 1 January 2023 18,663 - 8,163 26,826
Additions 1,751 30,990 242 32,983
As at 31 December 2023 20,414 30,990 8,405 59,809
Depreciation
As at 1 January 2023 8,103 - 6,307 14,410
Provided during the period 3,273 1,913 1,066 6,252
As at 31 December 2023 11,376 1,913 7,373 20,662
Net Book Value
As at 31 December 2023 9,038 29,077 1,032 39,147
As at 1 January 2023 10,560 - 1,856 12,416
5. Stocks
2023 2022
£ £
Stock 207,582 268,822
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6. Debtors
2023 2022
£ £
Due within one year
Trade debtors 243,134 184,837
Other debtors 190,283 185,914
433,417 370,751
7. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Net obligations under finance lease and hire purchase contracts 6,198 -
Trade creditors 564,642 609,619
Bank loans and overdrafts 9,996 9,890
Other creditors 64,901 105,334
Taxation and social security 32,672 9,295
678,409 734,138
8. Creditors: Amounts Falling Due After More Than One Year
2023 2022
£ £
Net obligations under finance lease and hire purchase contracts 21,693 -
Bank loans 14,171 24,277
35,864 24,277
9. Obligations Under Finance Leases and Hire Purchase
2023 2022
£ £
The future minimum finance lease payments are as follows:
Not later than one year 6,198 -
Later than one year and not later than five years 21,693 -
27,891 -
27,891 -
10. Share Capital
2023 2022
Allotted, called up and fully paid £ £
100 Ordinary Shares of £ 1.00 each 100 100
Preference Shares
2023 2022
Allotted, called up and fully paid £ £
35,000 Preference A shares of £ 1.00 each 35,000 -
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Shares issued during the period: £
35,000 Preference A shares of £ 1.00 each 35,000
11. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 January 2023 Amounts advanced Amounts repaid Amounts written off As at 31 December 2023
£ £ £ £ £
Mr Patrick Tydeman (3,111 ) 69,813 66,702 - -
The above loan is unsecured, interest free and repayable on demand.
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