Silverfin false false 30/04/2024 01/05/2023 30/04/2024 I O'Brien 04/04/2018 14 January 2025 The principal activity of the Company during the financial year was consultancy activities. 11289710 2024-04-30 11289710 bus:Director1 2024-04-30 11289710 2023-04-30 11289710 core:CurrentFinancialInstruments 2024-04-30 11289710 core:CurrentFinancialInstruments 2023-04-30 11289710 core:ShareCapital 2024-04-30 11289710 core:ShareCapital 2023-04-30 11289710 core:RetainedEarningsAccumulatedLosses 2024-04-30 11289710 core:RetainedEarningsAccumulatedLosses 2023-04-30 11289710 core:OtherPropertyPlantEquipment 2023-04-30 11289710 core:OtherPropertyPlantEquipment 2024-04-30 11289710 2023-05-01 2024-04-30 11289710 bus:FilletedAccounts 2023-05-01 2024-04-30 11289710 bus:SmallEntities 2023-05-01 2024-04-30 11289710 bus:AuditExemptWithAccountantsReport 2023-05-01 2024-04-30 11289710 bus:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30 11289710 bus:Director1 2023-05-01 2024-04-30 11289710 core:OtherPropertyPlantEquipment core:TopRangeValue 2023-05-01 2024-04-30 11289710 2022-05-01 2023-04-30 11289710 core:OtherPropertyPlantEquipment 2023-05-01 2024-04-30 iso4217:GBP xbrli:pure

Company No: 11289710 (England and Wales)

INTIMACY ON SET LTD

Unaudited Financial Statements
For the financial year ended 30 April 2024
Pages for filing with the registrar

INTIMACY ON SET LTD

Unaudited Financial Statements

For the financial year ended 30 April 2024

Contents

INTIMACY ON SET LTD

BALANCE SHEET

As at 30 April 2024
INTIMACY ON SET LTD

BALANCE SHEET (continued)

As at 30 April 2024
Note 2024 2023
£ £
Fixed assets
Tangible assets 3 22,852 32,366
22,852 32,366
Current assets
Debtors 4 450 23,920
Cash at bank and in hand 279,566 357,407
280,016 381,327
Creditors: amounts falling due within one year 5 ( 34,798) ( 80,965)
Net current assets 245,218 300,362
Total assets less current liabilities 268,070 332,728
Provision for liabilities ( 5,713) ( 8,092)
Net assets 262,357 324,636
Capital and reserves
Called-up share capital 100 100
Profit and loss account 262,257 324,536
Total shareholder's funds 262,357 324,636

For the financial year ending 30 April 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The financial statements of Intimacy On Set Ltd (registered number: 11289710) were approved and authorised for issue by the Director on 14 January 2025. They were signed on its behalf by:

I O'Brien
Director
INTIMACY ON SET LTD

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 April 2024
INTIMACY ON SET LTD

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 April 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

Intimacy On Set 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 The Oast House Wilsley Pound, Sissinghurst, Cranbrook, TN17 2HR, United Kingdom.

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 director has assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The director has 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.

Turnover

Turnover is stated net of VAT and trade discounts and is recognised when the significant risks and rewards are considered to have been transferred to the buyer. Turnover from the supply of services represents the value of services provided under contracts to the extent that there is a right to consideration and is recorded at the fair value of the consideration received or receivable. Where a contract has only been partially completed at the Balance Sheet date turnover represents the fair value of the service provided to date based on the stage of completion of the contract activity at the Balance Sheet date. Where payments are received from customers in advance of services provided, the amounts are recorded as deferred income and included as part of creditors due within one year.

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 Balance Sheet date.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Plant and machinery etc. 5 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Profit and Loss Account as described below.

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.

Provisions

Provisions are recognised when the Company has a present obligation (legal or constructive) as a result of a past event, it is probable that the Company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the Balance Sheet date, taking into account the risks and uncertainties surrounding the obligation. Where a provision is measured using the cash flows estimated to settle the present obligation, its carrying amount is the present value of those cash flows (when the effect of the time value of money is material).

When some or all of the economic benefits required to settle a provision are expected to be recovered from a third party, a receivable is recognised as an asset if it is virtually certain that reimbursement will be received and the amount of the receivable can be measured reliably.

2. Employees

2024 2023
Number Number
Monthly average number of persons employed by the Company during the year, including the director 3 2

3. Tangible assets

Plant and machinery etc. Total
£ £
Cost
At 01 May 2023 48,157 48,157
At 30 April 2024 48,157 48,157
Accumulated depreciation
At 01 May 2023 15,791 15,791
Charge for the financial year 9,514 9,514
At 30 April 2024 25,305 25,305
Net book value
At 30 April 2024 22,852 22,852
At 30 April 2023 32,366 32,366

4. Debtors

2024 2023
£ £
Trade debtors 350 20,610
Other debtors 100 3,310
450 23,920

5. Creditors: amounts falling due within one year

2024 2023
£ £
Trade creditors 0 8,580
Taxation and social security 9,629 50,729
Other creditors 25,169 21,656
34,798 80,965

6. Related party transactions

Transactions with the entity's director

2024 2023
£ £
Amounts owed to directors 22,324 18,852

The above is unsecured, interest free and repayable on demand.