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REGISTERED NUMBER: 04743050 (England and Wales)







Unaudited Financial Statements

for the Year Ended 30 April 2024

for

Integrated Business Telecommunications
Limited

Integrated Business Telecommunications
Limited (Registered number: 04743050)






Contents of the Financial Statements
for the Year Ended 30 April 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Integrated Business Telecommunications
Limited

Company Information
for the Year Ended 30 April 2024







DIRECTORS: Mr R Handley
Mrs A Handley





SECRETARY: Mrs A Handley





REGISTERED OFFICE: 2 Viewpoint Office Village
Babbage Road
Stevenage
Hertfordshire
SG1 2EQ





REGISTERED NUMBER: 04743050 (England and Wales)





ACCOUNTANTS: DSCO
The Tower
The Maltings
Hoe Lane
Ware
Hertfordshire
SG12 9LR

Integrated Business Telecommunications
Limited (Registered number: 04743050)

Balance Sheet
30 April 2024

30.4.24 30.4.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 50,000 94,667
Tangible assets 5 121,849 87,029
171,849 181,696

CURRENT ASSETS
Stocks 27,559 89,097
Debtors 6 650,659 170,891
Cash at bank 47,611 308,345
725,829 568,333
CREDITORS
Amounts falling due within one year 7 442,923 345,295
NET CURRENT ASSETS 282,906 223,038
TOTAL ASSETS LESS CURRENT
LIABILITIES

454,755

404,734

CREDITORS
Amounts falling due after more than one
year

8

83,832

95,731
NET ASSETS 370,923 309,003

CAPITAL AND RESERVES
Called up share capital 9 10 10
Retained earnings 370,913 308,993
SHAREHOLDERS' FUNDS 370,923 309,003

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2024 in accordance with Section 476 of the Companies Act 2006.

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.

Integrated Business Telecommunications
Limited (Registered number: 04743050)

Balance Sheet - continued
30 April 2024


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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 17 October 2024 and were signed on its behalf by:





Mr T E Handley - Director


Integrated Business Telecommunications
Limited (Registered number: 04743050)

Notes to the Financial Statements
for the Year Ended 30 April 2024

1. STATUTORY INFORMATION

Integrated Business Telecommunications 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.

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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2004, is being amortised evenly over its estimated useful life of ten years.

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.

Patents and licences are being amortised evenly over their estimated useful life of six years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 33% on cost
Fixtures and fittings - 25% on cost
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred 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 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.


Integrated Business Telecommunications
Limited (Registered number: 04743050)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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 (2023 - 10 ) .

4. INTANGIBLE FIXED ASSETS
Patents
and
Goodwill licences Totals
£    £    £   
COST
At 1 May 2023
and 30 April 2024 39,650 460,200 499,850
AMORTISATION
At 1 May 2023 39,650 365,533 405,183
Amortisation for year - 44,667 44,667
At 30 April 2024 39,650 410,200 449,850
NET BOOK VALUE
At 30 April 2024 - 50,000 50,000
At 30 April 2023 - 94,667 94,667

Integrated Business Telecommunications
Limited (Registered number: 04743050)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 May 2023 41,086 24,784 73,425 72,897 212,192
Additions 33,025 801 64,372 4,139 102,337
At 30 April 2024 74,111 25,585 137,797 77,036 314,529
DEPRECIATION
At 1 May 2023 19,363 17,959 30,005 57,836 125,163
Charge for year 21,760 2,475 34,449 8,833 67,517
At 30 April 2024 41,123 20,434 64,454 66,669 192,680
NET BOOK VALUE
At 30 April 2024 32,988 5,151 73,343 10,367 121,849
At 30 April 2023 21,723 6,825 43,420 15,061 87,029

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 May 2023 73,425
Additions 52,330
At 30 April 2024 125,755
DEPRECIATION
At 1 May 2023 30,005
Charge for year 31,439
At 30 April 2024 61,444
NET BOOK VALUE
At 30 April 2024 64,311
At 30 April 2023 43,420

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Trade debtors 413,253 158,481
Other debtors 237,406 12,410
650,659 170,891

Integrated Business Telecommunications
Limited (Registered number: 04743050)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Bank loans and overdrafts 35,499 34,465
Hire purchase contracts 21,599 16,361
Trade creditors 245,234 153,808
Taxation and social security 125,166 92,721
Other creditors 15,425 47,940
442,923 345,295

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.4.24 30.4.23
£    £   
Bank loans 40,044 70,055
Hire purchase contracts 43,788 25,676
83,832 95,731

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.4.24 30.4.23
value: £    £   
8 Ordinary A Shares £1 8 8
2 Ordinary B Shares £1 2 2
10 10

10. RELATED PARTY DISCLOSURES

During the year, the company paid rent to Mr R Handley and Mrs A Handley totalling £25,823 (2023: £25,000) for use of the office premises.