Acorah Software Products - Accounts Production 14.5.601 false true 31 December 2022 1 January 2022 false 1 January 2023 31 December 2023 31 December 2023 03253820 Mr Richard Burdett Mr Richard Burdett iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 03253820 2022-12-31 03253820 2023-12-31 03253820 2023-01-01 2023-12-31 03253820 frs-core:CurrentFinancialInstruments 2023-12-31 03253820 frs-core:Non-currentFinancialInstruments 2023-12-31 03253820 frs-core:FurnitureFittings 2023-12-31 03253820 frs-core:FurnitureFittings 2023-01-01 2023-12-31 03253820 frs-core:FurnitureFittings 2022-12-31 03253820 frs-core:MotorVehicles 2023-12-31 03253820 frs-core:MotorVehicles 2023-01-01 2023-12-31 03253820 frs-core:MotorVehicles 2022-12-31 03253820 frs-core:ShareCapital 2023-12-31 03253820 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31 03253820 frs-bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 03253820 frs-bus:FilletedAccounts 2023-01-01 2023-12-31 03253820 frs-bus:SmallEntities 2023-01-01 2023-12-31 03253820 frs-bus:AuditExemptWithAccountantsReport 2023-01-01 2023-12-31 03253820 frs-bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 03253820 frs-bus:Director1 2023-01-01 2023-12-31 03253820 frs-bus:Director1 2022-12-31 03253820 frs-bus:Director1 2023-12-31 03253820 frs-bus:CompanySecretary1 2023-01-01 2023-12-31 03253820 frs-core:CurrentFinancialInstruments 1 2023-12-31 03253820 frs-countries:EnglandWales 2023-01-01 2023-12-31 03253820 2021-12-31 03253820 2022-12-31 03253820 2022-01-01 2022-12-31 03253820 frs-core:CurrentFinancialInstruments 2022-12-31 03253820 frs-core:Non-currentFinancialInstruments 2022-12-31 03253820 frs-core:ShareCapital 2022-12-31 03253820 frs-core:RetainedEarningsAccumulatedLosses 2022-12-31 03253820 frs-core:CurrentFinancialInstruments 1 2022-12-31
Registered number: 03253820
Intsys UK Limited
Unaudited Financial Statements
For The Year Ended 31 December 2023
Astar Business Advisors Limited
ACCA
The Grange
1 Central Road
Morden
SM4 5PQ
Contents
Page
Accountants' Report 1
Balance Sheet 2—3
Notes to the Financial Statements 4—6
Page 1
Accountants' Report
In accordance with the engagement letter dated , and in order to assist you to fulfil your duties under the Companies Act 2006, we have compiled the financial statements of the company from the accounting records and information and explanations you have given to us.
This report is made to the director in accordance with the terms of our engagement. Our work has been undertaken to prepare for approval by the director the financial statements that we have been engaged to compile, to report to the director that we have done so, and to state those matters that we have agreed to state to them in this report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the Company and the Company's director for our work or for this report.
You have acknowledged on the balance sheet as at year ended 31 December 2023 your duty to ensure that the company has kept proper accounting records and to prepare financial statements that give a true and fair view under the Companies Act 2006. You consider that the company is exempt from the statutory requirement for an audit for the year.
We have not been instructed to carry out an audit of the financial statements. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the financial statements.
Signed
Astar Business Advisors Ltd
09/09/2024
Astar Business Advisors Limited
ACCA
The Grange
1 Central Road
Morden
SM4 5PQ
Page 1
Page 2
Balance Sheet
Registered number: 03253820
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 59,831 79,665
59,831 79,665
CURRENT ASSETS
Debtors 5 43,925 36,359
Cash at bank and in hand 208,823 219,124
252,748 255,483
Creditors: Amounts Falling Due Within One Year 6 (193,484 ) (213,857 )
NET CURRENT ASSETS (LIABILITIES) 59,264 41,626
TOTAL ASSETS LESS CURRENT LIABILITIES 119,095 121,291
Creditors: Amounts Falling Due After More Than One Year 7 (24,170 ) (33,175 )
NET ASSETS 94,925 88,116
CAPITAL AND RESERVES
Called up share capital 8 1,960 1,960
Profit and Loss Account 92,965 86,156
SHAREHOLDERS' FUNDS 94,925 88,116
Page 2
Page 3
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 member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his 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 Richard Burdett
Director
09/09/2024
The notes on pages 4 to 6 form part of these financial statements.
Page 3
Page 4
Notes to the Financial Statements
1. General Information
Intsys UK Limited is a private company, limited by shares, incorporated in England & Wales, registered number 03253820 . The registered office is 70 Home Park Road, Wimbledon, London, SW19 7HN.
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.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
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:
Motor Vehicles 25@ RBM
Fixtures & Fittings 25@ RBM
2.4. 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: 5 (2022: 5)
5 5
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4. Tangible Assets
Motor Vehicles Fixtures & Fittings Total
£ £ £
Cost
As at 1 January 2023 104,318 35,182 139,500
Additions - 109 109
As at 31 December 2023 104,318 35,291 139,609
Depreciation
As at 1 January 2023 26,080 33,755 59,835
Provided during the period 19,559 384 19,943
As at 31 December 2023 45,639 34,139 79,778
Net Book Value
As at 31 December 2023 58,679 1,152 59,831
As at 1 January 2023 78,238 1,427 79,665
5. Debtors
2023 2022
£ £
Due within one year
Trade debtors 30,472 23,859
Other debtors 8,500 12,500
Director's loan account 4,953 -
43,925 36,359
6. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Trade creditors 16,077 7,788
Intercompany loan 178 178
Corporation tax 19,882 1,087
VAT 8,716 26,845
Other creditors - 40,000
Deferred support income 105,748 95,204
Accruals and deferred income 2,500 2,500
Director's loan account 40,000 40,087
Pension 383 168
193,484 213,857
7. Creditors: Amounts Falling Due After More Than One Year
2023 2022
£ £
BBL bank loan 24,170 33,175
Page 5
Page 6
8. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 1,960 1,960
9. 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 Richard Burdett 40,087 45,040 - - 4,953
The above loan is unsecured, interest free and repayable on demand.
10. Dividends
2023 2022
£ £
On equity shares:
Final dividend paid 40,000 78,000
Page 6