REGISTERED NUMBER: |
UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 29 FEBRUARY 2024 |
FOR |
INTELLIDEX HOLDINGS LIMITED |
REGISTERED NUMBER: |
UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 29 FEBRUARY 2024 |
FOR |
INTELLIDEX HOLDINGS LIMITED |
INTELLIDEX HOLDINGS LIMITED (REGISTERED NUMBER: 13211967) |
CONTENTS OF THE FINANCIAL STATEMENTS |
For The Year Ended 29 February 2024 |
Page |
Company Information | 1 |
Abridged Balance Sheet | 2 |
Notes to the Financial Statements | 3 |
INTELLIDEX HOLDINGS LIMITED |
COMPANY INFORMATION |
For The Year Ended 29 February 2024 |
DIRECTORS: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
INTELLIDEX HOLDINGS LIMITED (REGISTERED NUMBER: 13211967) |
ABRIDGED BALANCE SHEET |
29 February 2024 |
2024 | 2023 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Intangible assets | 4 |
Tangible assets | 5 |
Investments | 6 |
CURRENT ASSETS |
Debtors |
Cash at bank |
CREDITORS |
Amounts falling due within one year |
NET CURRENT (LIABILITIES)/ASSETS | ( |
) |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CAPITAL AND RESERVES |
Called up share capital |
Share premium |
Retained earnings |
The directors acknowledge their 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 were approved by the Board of Directors and authorised for issue on |
INTELLIDEX HOLDINGS LIMITED (REGISTERED NUMBER: 13211967) |
NOTES TO THE FINANCIAL STATEMENTS |
For The Year Ended 29 February 2024 |
1. | STATUTORY INFORMATION |
Intellidex Holdings Limited is a |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
Turnover |
Turnover represents sales of management services performed during the year. |
Turnover is recognised as the right to consideration arises and adjustments are made for accrued and deferred income. |
Intangible assets |
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses. |
Tangible fixed assets |
Computer equipment | - |
Financial instruments |
The company enters into basic financial instruments, which result in the recognition of financial assets and liabilities. Financial instruments are recognised at amortised cost. At the end of each reporting period financial instruments are assessed for evidence of impairment, and changes are recognised in profit or loss. |
Taxation |
Taxation for the year comprises current 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 tax represents the amount of tax payable or receivable in respect of the taxable profit (or loss) for the current or past reporting periods. |
Consideration is given to whether deferred tax should be provided in respect of material timing differences which have not reversed at the balance sheet date. Deferred tax assets are only recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or future taxable profits. |
Current tax assets and liabilities are not discounted and are 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. |
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 |
INTELLIDEX HOLDINGS LIMITED (REGISTERED NUMBER: 13211967) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
For The Year Ended 29 February 2024 |
4. | INTANGIBLE FIXED ASSETS |
Totals |
£ |
COST |
Additions |
At 29 February 2024 |
AMORTISATION |
Amortisation for year |
At 29 February 2024 |
NET BOOK VALUE |
At 29 February 2024 |
5. | TANGIBLE FIXED ASSETS |
Totals |
£ |
COST |
At 1 March 2023 |
and 29 February 2024 |
DEPRECIATION |
At 1 March 2023 |
Charge for year |
At 29 February 2024 |
NET BOOK VALUE |
At 29 February 2024 |
At 28 February 2023 |
6. | FIXED ASSET INVESTMENTS |
Information on investments other than loans is as follows: |
Totals |
£ |
COST |
At 1 March 2023 |
and 29 February 2024 | 7,752 |
NET BOOK VALUE |
At 29 February 2024 | 7,752 |
At 28 February 2023 | 7,752 |
7. | DIRECTORS' ADVANCES, CREDITS AND GUARANTEES |
As at 29 February 2024 the company had loaned a director £17,871 (2023 - £Nil). This was the maximum amount owed during the year and is repayable on demand. Interest of 2.25% was charged on the balance for the year. |
As at 29 February 2024 the company had loaned a director £6,227 (2023 - £Nil). This was the maximum amount owed during the year and is repayable on demand. Interest of 2.25% was charged on the balance for the year. |
INTELLIDEX HOLDINGS LIMITED (REGISTERED NUMBER: 13211967) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
For The Year Ended 29 February 2024 |
8. | RELATED PARTY DISCLOSURES |
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. |
During the year, the company entered into transactions with its related parties, which are members of the same group. |
Amounts owed by related parties at the end of the year: |
Krutham UK Limited £298,138 (2023 - £300,722) |
Amounts owed to related parties at the end of the year: |
Krutham Inc. £102,935 (2023 - £93,590) |
Krutham SA (Pty) Ltd £188,389 (2023 - £16,128) |
These amounts are unsecured, interest-free and repayable on demand. |
No guarantees have been given or received. No expenses have been recognised during the current or previous financial year for bad or doubtful debts in respect of the amounts owed by or to related parties. |