Registered number
08012690
INTELLIDB LTD
Filleted Accounts
30 April 2024
INTELLIDB LTD
Registered number: 08012690
Balance Sheet
as at 30 April 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 4 3,337 4,451
Current assets
Debtors 5 - 660
Cash at bank and in hand 216,449 303,988
216,449 304,648
Creditors: amounts falling due within one year 6 6,699 (18,414)
Net current assets 223,148 286,234
Total assets less current liabilities 226,485 290,685
Creditors: amounts falling due after more than one year 7 3,020 (44,973)
Net assets 229,505 245,712
Capital and reserves
Called up share capital 10 10
Profit and loss account 229,495 245,702
Shareholders' funds 229,505 245,712
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
M S Enayathulla
Director
Approved by the board on 4 November 2024
INTELLIDB LTD
Notes to the Accounts
for the year ended 30 April 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
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 from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery 25% Reducing balance
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 2 3
3 Intangible fixed assets £
Goodwill:
Cost
At 1 May 2023 8,019
Disposals (8,019)
At 30 April 2024 -
Amortisation
At 1 May 2023 8,019
On disposals (8,019)
At 30 April 2024 -
Net book value
At 30 April 2024 -
Goodwill is being written off in equal annual instalments over its estimated economic life of 5 years.
4 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 May 2023 9,433
At 30 April 2024 9,433
Depreciation
At 1 May 2023 4,982
Charge for the year 1,114
At 30 April 2024 6,096
Net book value
At 30 April 2024 3,337
At 30 April 2023 4,451
5 Debtors 2024 2023
£ £
Trade debtors - 660
6 Creditors: amounts falling due within one year 2024 2023
£ £
Taxation and social security costs (7,939) 17,174
Accruals 1,240 1,240
(6,699) 18,414
7 Creditors: amounts falling due after one year 2024 2023
£ £
Directors loan a/c (3,020) 44,973
8 Other information
INTELLIDB LTD is a private company limited by shares and incorporated in England. Its registered office is:
143 Victoria Road
Barking
IG11 8PZ
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