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REGISTERED NUMBER: 06878599 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2024

FOR

INTUITIVE COMPUTER MANAGEMENT LTD

INTUITIVE COMPUTER MANAGEMENT LTD (REGISTERED NUMBER: 06878599)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 30 April 2024




Page

Company information 1

Balance sheet 2

Notes to the financial statements 4


INTUITIVE COMPUTER MANAGEMENT LTD

COMPANY INFORMATION
for the Year Ended 30 April 2024







DIRECTORS: P Gwinnell
M V Lee





REGISTERED OFFICE: Unit H2 Cradley Enterprise Centre
Maypole Fields, Cradley
Halesowen
West Midlands
B63 2QB





REGISTERED NUMBER: 06878599 (England and Wales)





ACCOUNTANTS: C J Petty Limited
Chartered Accountants
Chestnut House
High Offley Road
Woodseaves
Stafford
Staffordshire
ST20 0LG

INTUITIVE COMPUTER MANAGEMENT LTD (REGISTERED NUMBER: 06878599)

BALANCE SHEET
30 April 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 21,679 28,894

CURRENT ASSETS
Stocks - 1,122
Debtors 5 86,887 117,022
Cash at bank 175,760 207,420
262,647 325,564
CREDITORS
Amounts falling due within one year 6 129,630 126,601
NET CURRENT ASSETS 133,017 198,963
TOTAL ASSETS LESS CURRENT
LIABILITIES

154,696

227,857

CREDITORS
Amounts falling due after more than one
year

7

(10,833

)

(20,833

)

PROVISIONS FOR LIABILITIES (2,526 ) -
NET ASSETS 141,337 207,024

CAPITAL AND RESERVES
Called up share capital 100 -
Retained earnings 141,237 207,024
141,337 207,024

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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.

INTUITIVE COMPUTER MANAGEMENT LTD (REGISTERED NUMBER: 06878599)

BALANCE SHEET - continued
30 April 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 Profit & loss account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 26 July 2024 and were signed on its behalf by:





P Gwinnell - Director


INTUITIVE COMPUTER MANAGEMENT LTD (REGISTERED NUMBER: 06878599)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 30 April 2024

1. STATUTORY INFORMATION

Intuitive Computer Management Ltd 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.

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.
Land & property - 10% on cost
Fixtures and equipment - 25% 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.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit & Loss Account, 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
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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 9 (2023 - 8 ) .

INTUITIVE COMPUTER MANAGEMENT LTD (REGISTERED NUMBER: 06878599)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 April 2024

4. TANGIBLE FIXED ASSETS
Fixtures
Land & and
property equipment Totals
£    £    £   
COST
At 1 May 2023 13,973 31,402 45,375
Additions - 1,680 1,680
At 30 April 2024 13,973 33,082 47,055
DEPRECIATION
At 1 May 2023 2,794 13,687 16,481
Charge for year 2,795 6,100 8,895
At 30 April 2024 5,589 19,787 25,376
NET BOOK VALUE
At 30 April 2024 8,384 13,295 21,679
At 30 April 2023 11,179 17,715 28,894

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 72,379 117,022
Other debtors 14,508 -
86,887 117,022

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 10,000 10,000
Trade creditors 20,289 77,487
Taxation and social security 90,874 39,114
Other creditors 8,467 -
129,630 126,601

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 10,833 20,833