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Registration number: 10863500

Integrate Group Ltd

Unaudited Filleted Financial Statements

for the Period from 1 February 2023 to 31 March 2024

 

Integrate Group Ltd

Contents

Company Information

1

Accountants' Report

2

Statement of Financial Position

3

Notes to the Unaudited Financial Statements

4 to 8

 

Integrate Group Ltd

Company Information

Directors

Miss S Williams

J M Anderson

Registered office

Unit 26 Twyford Business Centre
London Road
Bishop's Stortford
CM23 3YT

Accountants

DSK Partners LLP
Chartered Accountants
D S House
306 High Street
Croydon
Surrey
CR0 1NG

 

Chartered Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
Integrate Group Ltd
for the Period Ended 31 March 2024

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Integrate Group Ltd for the period ended 31 March 2024 as set out on pages 3 to 8 from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at
http://www.icaew.com/regulation.

This report is made solely to the Board of Directors of Integrate Group Ltd, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of Integrate Group Ltd and state those matters that we have agreed to state to the Board of Directors of Integrate Group Ltd, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Integrate Group Ltd and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Integrate Group Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Integrate Group Ltd. You consider that Integrate Group Ltd is exempt from the statutory audit requirement for the period.

We have not been instructed to carry out an audit or a review of the accounts of Integrate Group Ltd. 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 statutory accounts.

......................................

DSK Partners LLP
Chartered Accountants
D S House
306 High Street
Croydon
Surrey
CR0 1NG

18 October 2024

 

Integrate Group Ltd

(Registration number: 10863500)
Statement of Financial Position as at 31 March 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

271,879

304,222

Current assets

 

Debtors

5

875,691

533,900

Cash at bank and in hand

 

304,756

839,047

 

1,180,447

1,372,947

Creditors: Amounts falling due within one year

6

(71,035)

(363,648)

Net current assets

 

1,109,412

1,009,299

Total assets less current liabilities

 

1,381,291

1,313,521

Creditors: Amounts falling due after more than one year

6

(52,899)

(65,697)

Net assets

 

1,328,392

1,247,824

Capital and reserves

 

Called up share capital

1

1

Retained earnings

1,328,391

1,247,823

Shareholders' funds

 

1,328,392

1,247,824

For the financial period ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Income Statement.

Approved and authorised by the Board on 18 October 2024 and signed on its behalf by:
 

Miss S Williams
Director

   
     
 

Integrate Group Ltd

Notes to the Unaudited Financial Statements for the Period from 1 February 2023 to 31 March 2024

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Unit 26 Twyford Business Centre
London Road
Bishop's Stortford
CM23 3YT
England

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The presentation currency of the financial statements is Pound Sterling (£) rounded to the nearest Pound.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

 

Integrate Group Ltd

Notes to the Unaudited Financial Statements for the Period from 1 February 2023 to 31 March 2024 (continued)

2

Accounting policies (continued)

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Plant & Machinery

25% reducing balance method

Motor Vehicles

25% reducing balance method

Computer Equipment

25% reducing balance method

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

 

Integrate Group Ltd

Notes to the Unaudited Financial Statements for the Period from 1 February 2023 to 31 March 2024 (continued)

2

Accounting policies (continued)

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the income statement over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

Financial instruments

Classification
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities, or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.
 

 

Integrate Group Ltd

Notes to the Unaudited Financial Statements for the Period from 1 February 2023 to 31 March 2024 (continued)

3

Staff numbers

The average number of persons employed by the company (including directors) during the period, was 12 (2023 - 11).

4

Tangible assets

Plant and machinery
£

Office equipment
£

Motor vehicles
 £

Total
£

Cost or valuation

At 1 February 2023

11,375

4,843

397,082

413,300

Additions

2,312

1,114

122,384

125,810

Disposals

-

-

(87,503)

(87,503)

At 31 March 2024

13,687

5,957

431,963

451,607

Depreciation

At 1 February 2023

3,371

1,224

104,483

109,078

Charge for the period

2,881

1,236

90,419

94,536

Eliminated on disposal

-

-

(23,886)

(23,886)

At 31 March 2024

6,252

2,460

171,016

179,728

Carrying amount

At 31 March 2024

7,435

3,497

260,947

271,879

At 31 January 2023

8,004

3,619

292,599

304,222

 

Integrate Group Ltd

Notes to the Unaudited Financial Statements for the Period from 1 February 2023 to 31 March 2024 (continued)

5

Debtors

Current

Note

2024
£

2023
£

Trade debtors

 

209,883

357,191

Amounts owed by related parties

640,181

-

Prepayments

 

6,424

-

Other debtors

 

19,203

176,709

   

875,691

533,900

6

Creditors

Creditors: amounts falling due within one year

Note

2024
£

2023
£

Due within one year

 

Loans and borrowings

7

39,892

31,834

Trade creditors

 

21,120

46,006

Taxation and social security

 

5,372

281,940

Accruals and deferred income

 

1,500

1,500

Other creditors

 

3,151

2,368

 

71,035

363,648

Creditors: amounts falling due after more than one year

Note

2024
£

2023
£

Due after one year

 

Loans and borrowings

7

52,899

65,697

7

Loans and borrowings

Non-current loans and borrowings

2024
£

2023
£

Other borrowings

52,899

65,697

Current loans and borrowings

2024
£

2023
£

Other borrowings

39,892

31,834