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REGISTERED NUMBER: 06743217 (England and Wales)














Unaudited Financial Statements

for the Year Ended 30 November 2023

for

INTEXCO DESIGN LIMITED

INTEXCO DESIGN LIMITED (REGISTERED NUMBER: 06743217)

Contents of the Financial Statements
for the year ended 30 November 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


INTEXCO DESIGN LIMITED

Company Information
for the year ended 30 November 2023







Director: Mr S A Bolton





Registered office: New Derwent House
69-73 Theobald's Road
London
WC1X 8TA





Registered number: 06743217 (England and Wales)





Accountants: Cooper Parry Advisory Limited
New Derwent House
69-73 Theobalds Road
London
WC1X 8TA

INTEXCO DESIGN LIMITED (REGISTERED NUMBER: 06743217)

Balance Sheet
30 November 2023

2023 2022
Notes £    £    £    £   
Fixed assets
Tangible assets 4 253,848 246,529

Current assets
Debtors 5 203,399 384,608
Cash at bank 53,034 12,497
256,433 397,105
Creditors
Amounts falling due within one year 6 378,279 517,943
Net current liabilities (121,846 ) (120,838 )
Total assets less current liabilities 132,002 125,691

Creditors
Amounts falling due after more than one
year

7

(45,464

)

(38,717

)

Provisions for liabilities 8 (48,231 ) (46,100 )
Net assets 38,307 40,874

Capital and reserves
Called up share capital 9 1 1
Retained earnings 38,306 40,873
Shareholders' funds 38,307 40,874

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2023 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 25 November 2024 and were signed by:



Mr S A Bolton - Director


INTEXCO DESIGN LIMITED (REGISTERED NUMBER: 06743217)

Notes to the Financial Statements
for the year ended 30 November 2023


1. Statutory information

Intexco Design 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.

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


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.

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.
Plant and machinery - 15% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 15% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

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 10 (2022 - 9 ) .

INTEXCO DESIGN LIMITED (REGISTERED NUMBER: 06743217)

Notes to the Financial Statements - continued
for the year ended 30 November 2023


4. Tangible fixed assets
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
Cost
At 1 December 2022 71,144 34,600 124,231 135,285 365,260
Additions 21,321 8,694 23,000 9,244 62,259
At 30 November 2023 92,465 43,294 147,231 144,529 427,519
Depreciation
At 1 December 2022 29,572 7,919 61,011 20,229 118,731
Charge for year 9,434 5,306 21,555 18,645 54,940
At 30 November 2023 39,006 13,225 82,566 38,874 173,671
Net book value
At 30 November 2023 53,459 30,069 64,665 105,655 253,848
At 30 November 2022 41,572 26,681 63,220 115,056 246,529

5. Debtors: amounts falling due within one year
2023 2022
£    £   
Trade debtors 59,196 163,128
Other debtors 144,203 221,480
203,399 384,608

6. Creditors: amounts falling due within one year
2023 2022
£    £   
Bank loans and overdrafts 5,956 5,956
Hire purchase contracts 4,234 -
Trade creditors 228,876 352,968
Taxation and social security 97,445 53,974
Other creditors 41,768 105,045
378,279 517,943

7. Creditors: amounts falling due after more than one year
2023 2022
£    £   
Bank loans 32,761 38,717
Hire purchase contracts 12,703 -
45,464 38,717

8. Provisions for liabilities
2023 2022
£    £   
Deferred tax 48,231 46,100

INTEXCO DESIGN LIMITED (REGISTERED NUMBER: 06743217)

Notes to the Financial Statements - continued
for the year ended 30 November 2023


8. Provisions for liabilities - continued

Deferred
tax
£   
Balance at 1 December 2022 46,100
Charge to Statement of Income and Retained Earnings during year 2,131
Balance at 30 November 2023 48,231

9. Called up share capital

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
1 Ordinary £1 1 1

10. Director's advances, credits and guarantees

The following advances and credits to a director subsisted during the years ended 30 November 2023 and 30 November 2022:

2023 2022
£    £   
Mr S A Bolton
Balance outstanding at start of year - (6,480 )
Amounts advanced 557,460 6,480
Amounts repaid (557,460 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - -