IRIS Accounts Production v24.2.0.383 06352389 director 1.7.23 30.6.24 30.6.24 false true false false true false Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh063523892023-06-30063523892024-06-30063523892023-07-012024-06-30063523892022-06-30063523892022-07-012023-06-30063523892023-06-3006352389ns15:EnglandWales2023-07-012024-06-3006352389ns14:PoundSterling2023-07-012024-06-3006352389ns10:Director12023-07-012024-06-3006352389ns10:PrivateLimitedCompanyLtd2023-07-012024-06-3006352389ns10:SmallEntities2023-07-012024-06-3006352389ns10:AuditExempt-NoAccountantsReport2023-07-012024-06-3006352389ns10:SmallCompaniesRegimeForDirectorsReport2023-07-012024-06-3006352389ns10:SmallCompaniesRegimeForAccounts2023-07-012024-06-3006352389ns10:FullAccounts2023-07-012024-06-3006352389ns10:OrdinaryShareClass12023-07-012024-06-3006352389ns10:RegisteredOffice2023-07-012024-06-3006352389ns5:CurrentFinancialInstruments2024-06-3006352389ns5:CurrentFinancialInstruments2023-06-3006352389ns5:ShareCapital2024-06-3006352389ns5:ShareCapital2023-06-3006352389ns5:RetainedEarningsAccumulatedLosses2024-06-3006352389ns5:RetainedEarningsAccumulatedLosses2023-06-3006352389ns5:WithinOneYearns5:CurrentFinancialInstruments2024-06-3006352389ns5:WithinOneYearns5:CurrentFinancialInstruments2023-06-3006352389ns5:WithinOneYear2024-06-3006352389ns5:WithinOneYear2023-06-3006352389ns10:OrdinaryShareClass12024-06-30
REGISTERED NUMBER: 06352389 (England and Wales)













UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2024

FOR

INTRACEUTICALS (UK) LIMITED

INTRACEUTICALS (UK) LIMITED (REGISTERED NUMBER: 06352389)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


INTRACEUTICALS (UK) LIMITED

COMPANY INFORMATION
for the Year Ended 30 June 2024







DIRECTOR: A McMahon





REGISTERED OFFICE: 10 John Street
London
WC1N 2EB





REGISTERED NUMBER: 06352389 (England and Wales)





ACCOUNTANTS: Oury Clark Chartered Accountants
Herschel House
58 Herschel Street
Slough
Berkshire
SL1 1PG

INTRACEUTICALS (UK) LIMITED (REGISTERED NUMBER: 06352389)

BALANCE SHEET
30 June 2024

30.6.24 30.6.23
Notes £    £   
CURRENT ASSETS
Stocks 65,646 86,157
Debtors 4 120,305 103,710
Cash at bank 17,170 26,357
203,121 216,224
CREDITORS
Amounts falling due within one year 5 21,719 27,781
NET CURRENT ASSETS 181,402 188,443
TOTAL ASSETS LESS CURRENT
LIABILITIES

181,402

188,443

CAPITAL AND RESERVES
Called up share capital 7 100 100
Retained earnings 181,302 188,343
SHAREHOLDERS' FUNDS 181,402 188,443

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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 15 October 2024 and were signed by:





A McMahon - Director


INTRACEUTICALS (UK) LIMITED (REGISTERED NUMBER: 06352389)

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

1. STATUTORY INFORMATION

Intraceuticals (UK) 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.

The financial statements have been prepared on a going concern basis as the director is confident that the company will continue to be solvent for a period of at least 12 months and one day from the date of this report.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

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.

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

Financial instruments
Basic financial instruments as covered by Section 11 of FRS 102 (Section 1A) are measured at amortised cost. The company does not have any Other Financial Instruments as covered by Section 12 of FRS 102 (Section 1A).

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 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.

INTRACEUTICALS (UK) LIMITED (REGISTERED NUMBER: 06352389)

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

2. ACCOUNTING POLICIES - continued

Research and development
Expenditure on research and development is written off in the year in which it is incurred.


Foreign currencies
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 of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 1 (2023 - 2 ) .

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Trade debtors 119,433 102,060
Other debtors 872 1,650
120,305 103,710

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Trade creditors - 211
Amounts owed to group undertakings 18,070 15,946
Taxation and social security 1,476 8,391
Other creditors & accruals 2,173 3,233
21,719 27,781

6. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
30.6.24 30.6.23
£    £   
Within one year 1,551 2,445

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.6.24 30.6.23
value: £    £   
100 Ordinary £1 100 100

INTRACEUTICALS (UK) LIMITED (REGISTERED NUMBER: 06352389)

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

8. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mr A McMahon.

9. ULTIMATE PARENT COMPANY

The ultimate parent company of Intraceuticals (UK) Limited is Mitchell Terrace Pty Ltd, a company incorporated in Australia. The parent company's registered address is 'North Building' Level 6, 333 Collins Street, Melbourne, Victoria 3000.