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Company No: 06008886 (England and Wales)

INTEGRATOR HOUSING SOLUTIONS LTD

Unaudited Financial Statements
For the financial year ended 31 March 2024
Pages for filing with the registrar

INTEGRATOR HOUSING SOLUTIONS LTD

Unaudited Financial Statements

For the financial year ended 31 March 2024

Contents

INTEGRATOR HOUSING SOLUTIONS LTD

STATEMENT OF FINANCIAL POSITION

As at 31 March 2024
INTEGRATOR HOUSING SOLUTIONS LTD

STATEMENT OF FINANCIAL POSITION (continued)

As at 31 March 2024
Note 2024 2023
£ £
Fixed assets
Intangible assets 3 458,433 454,941
Tangible assets 4 4,405 1,350
462,838 456,291
Current assets
Debtors 5 17,332 15,704
Cash at bank and in hand 21,204 21,095
38,536 36,799
Creditors: amounts falling due within one year 6 ( 253,533) ( 248,697)
Net current liabilities (214,997) (211,898)
Total assets less current liabilities 247,841 244,393
Creditors: amounts falling due after more than one year 7 ( 42,749) ( 45,319)
Provision for liabilities ( 81,458) ( 88,152)
Net assets 123,634 110,922
Capital and reserves
Called-up share capital 8 180 180
Capital redemption reserve 20 20
Profit and loss account 123,434 110,722
Total shareholder's funds 123,634 110,922

For the financial year 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 financial statements of Integrator Housing Solutions Ltd (registered number: 06008886) were approved and authorised for issue by the Board of Directors on 19 November 2024. They were signed on its behalf by:

H Harrison
Director
INTEGRATOR HOUSING SOLUTIONS LTD

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 March 2024
INTEGRATOR HOUSING SOLUTIONS LTD

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 March 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Integrator Housing Solutions Ltd (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is C/O Bishop Fleming Llp, 10 North Place, Cheltenham, GL50 4DW, United Kingdom. The principal place of business is 23 Tavinor Drive, Pewsham, Chippenham, SN15 3FT.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

The directors have assessed the Statement of Financial Position and likely future cash flows at the date of approving these financial statements. The directors have a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Foreign currency

Transactions in foreign currencies are recorded at the rate of exchange at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies at the Statement of Financial Position date are reported at the rates of exchange prevailing at that date.

Exchange differences are recognised in the Statement of Income and Retained Earnings in the period in which they arise except for exchange differences arising on gains or losses on non-monetary items which are recognised in the Statement of Comprehensive Income.

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.

Interest income

Interest income is recognised when it is probable that the economic benefits will flow to the Company and the amount of revenue can be measured reliably. Interest income is accrued on a time basis, by reference to the principal outstanding at the effective interest rate applicable, which is the rate that exactly discounts estimated future cash receipts through the expected life of the financial asset to that asset's net carrying amount on initial recognition.

Employee benefits

Short term benefits
The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

Termination benefits are recognised as an expense when the Company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

Defined contribution schemes
The Company operates a defined contribution scheme. The amount charged to the Statement of Income and Retained Earnings in respect of pension costs and other post-retirement benefits is the contributions payable in the financial year. Differences between contributions payable in the financial year and contributions actually paid are included as either accruals or prepayments in the Statement of Financial Position.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Statement of Financial Position date.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

Intangible assets

Intangible assets are stated at cost or valuation, net of amortisation and any provision for impairment. Amortisation is provided on all intangible assets at rates to write off the cost or valuation of each asset over its expected useful life as follows:

Computer software 5 years straight line
Research and development

Research expenditure is written off as incurred. Development expenditure is also written off, except where the directors are satisfied as to the technical, commercial and financial viability of individual projects. In such cases, the identifiable expenditure is capitalised as an intangible asset and amortised over the period during which the Company is expected to benefit. This period is between three and five years. Provision is made for any impairment.

Tangible fixed assets

Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended. Depreciation is provided on all tangible fixed assets, other than investment properties and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line basis over its expected useful life, as follows:

Computer equipment 4 years straight line
Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts, except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in creditors: amounts falling due within one year.

Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Ordinary share capital

The ordinary share capital of the Company is presented as equity.

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

2. Employees

2024 2023
Number Number
Monthly average number of persons employed by the Company during the year, including directors 7 8

3. Intangible assets

Computer software Total
£ £
Cost
At 01 April 2023 830,921 830,921
Additions 142,200 142,200
At 31 March 2024 973,121 973,121
Accumulated amortisation
At 01 April 2023 375,980 375,980
Charge for the financial year 138,708 138,708
At 31 March 2024 514,688 514,688
Net book value
At 31 March 2024 458,433 458,433
At 31 March 2023 454,941 454,941

4. Tangible assets

Computer equipment Total
£ £
Cost
At 01 April 2023 50,339 50,339
Additions 5,147 5,147
Disposals ( 29,105) ( 29,105)
At 31 March 2024 26,381 26,381
Accumulated depreciation
At 01 April 2023 48,989 48,989
Charge for the financial year 2,092 2,092
Disposals ( 29,105) ( 29,105)
At 31 March 2024 21,976 21,976
Net book value
At 31 March 2024 4,405 4,405
At 31 March 2023 1,350 1,350

5. Debtors

2024 2023
£ £
Trade debtors 15,297 5,674
Prepayments 2,035 1,042
Corporation tax 0 8,988
17,332 15,704

6. Creditors: amounts falling due within one year

2024 2023
£ £
Bank loans 7,895 5,324
Trade creditors 7,341 5,045
Amounts owed to Group undertakings 3,549 22,878
Amounts owed to directors 7,000 624
Accruals and deferred income 216,163 197,277
Other taxation and social security 10,208 17,323
Other creditors 1,377 226
253,533 248,697

There are no amounts included above in respect of which any security has been given by the small entity.

Amounts owed to Group undertakings are repayable on demand and do not bear interest.

7. Creditors: amounts falling due after more than one year

2024 2023
£ £
Other loans 42,749 45,319

There are no amounts included above in respect of which any security has been given by the small entity.

Amounts repayable after more than 5 years are included in creditors falling due over one year:

2024 2023
£ £
Other loans (repayable by instalments) 11,171 2,725

8. Called-up share capital

2024 2023
£ £
Allotted, called-up and fully-paid
180 Ordinary shares of £ 1.00 each 180 180

9. Related party transactions

Other related party transactions

At the balance sheet date, £7,000 was owed to the company directors (2023: £624). This amount is repayable on demand and interest has not been charged.