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REGISTERED NUMBER: SC176655 (Scotland)















Unaudited Financial Statements for the Year Ended 31 December 2023

for

INTER-CO-NEXUS LTD.

INTER-CO-NEXUS LTD. (Registered number: SC176655)






Contents of the Financial Statements
for the Year Ended 31 December 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Report of the Accountants 6

INTER-CO-NEXUS LTD.

Company Information
for the Year Ended 31 December 2023







DIRECTOR: J N Kippen





REGISTERED OFFICE: 2nd Floor
22-24 Blythswood Square
Glasgow
G2 4BG





REGISTERED NUMBER: SC176655 (Scotland)





ACCOUNTANTS: Wallace White Accountants
2nd Floor
22-24 Blythswood Square
Glasgow
G2 4BG

INTER-CO-NEXUS LTD. (Registered number: SC176655)

Balance Sheet
31 December 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 677,159 687,780

CURRENT ASSETS
Stocks 35,150 32,848
Debtors 5 184,166 152,391
Cash at bank 236,817 221,536
456,133 406,775
CREDITORS
Amounts falling due within one year 6 167,231 217,858
NET CURRENT ASSETS 288,902 188,917
TOTAL ASSETS LESS CURRENT
LIABILITIES

966,061

876,697

CREDITORS
Amounts falling due after more than one year 7 36,537 42,751
NET ASSETS 929,524 833,946

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 929,522 833,944
SHAREHOLDERS' FUNDS 929,524 833,946

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 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.

INTER-CO-NEXUS LTD. (Registered number: SC176655)

Balance Sheet - continued
31 December 2023


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 19 February 2024 and were signed by:





J N Kippen - Director


INTER-CO-NEXUS LTD. (Registered number: SC176655)

Notes to the Financial Statements
for the Year Ended 31 December 2023

1. STATUTORY INFORMATION

INTER-CO-NEXUS LTD. is a private company, limited by shares , registered in Scotland. 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.

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.
Plant and machinery etc - 25% on reducing balance and 15% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 10 (2022 - 7 ) .

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 January 2023
and 31 December 2023 625,483 345,192 970,675
DEPRECIATION
At 1 January 2023 - 282,895 282,895
Charge for year - 10,621 10,621
At 31 December 2023 - 293,516 293,516
NET BOOK VALUE
At 31 December 2023 625,483 51,676 677,159
At 31 December 2022 625,483 62,297 687,780

INTER-CO-NEXUS LTD. (Registered number: SC176655)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade debtors 154,166 152,391
Other debtors 30,000 -
184,166 152,391

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade creditors 29,850 40,110
Taxation and social security 95,193 63,117
Other creditors 42,188 114,631
167,231 217,858

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.12.23 31.12.22
£    £   
Bank loans 36,537 42,751

INTER-CO-NEXUS LTD.

Report of the Accountants to the Director of
INTER-CO-NEXUS LTD.

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 31 December 2023 set out on page nil and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.






Wallace White Accountants
2nd Floor
22-24 Blythswood Square
Glasgow
G2 4BG


19 February 2024