1 August 2023 false No description of principal activity Taxfiler 2024.6 05194253business:PrivateLimitedCompanyLtd2023-08-012024-07-31 051942532023-07-31 051942532023-08-012024-07-31 05194253business:AuditExemptWithAccountantsReport2023-08-012024-07-31 05194253business:FilletedAccounts2023-08-012024-07-31 051942532024-07-31 051942532023-07-31 05194253core:WithinOneYear2024-07-31 05194253core:WithinOneYear2023-07-31 05194253core:ShareCapitalcore:PreviouslyStatedAmount2024-07-31 05194253core:ShareCapitalcore:PreviouslyStatedAmount2023-07-31 05194253core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2024-07-31 05194253core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-07-31 05194253core:PreviouslyStatedAmount2024-07-31 05194253core:PreviouslyStatedAmount2023-07-31 05194253business:SmallEntities2023-08-012024-07-31 05194253business:Director12023-08-012024-07-31 05194253countries:EnglandWales2023-08-012024-07-31 05194253business:RegisteredOffice2023-08-012024-07-31 05194253core:PlantMachinery2023-08-012024-07-31 05194253core:FurnitureFittings2023-08-012024-07-31 05194253core:PlantMachinery2023-07-31 05194253core:MotorVehicles2023-07-31 05194253core:PlantMachinery2024-07-31 05194253core:MotorVehicles2024-07-31 05194253core:MotorVehicles2023-08-012024-07-31 05194253business:Director112023-08-012024-07-31 05194253business:Director112023-07-31 05194253business:Director112024-07-31 05194253business:Director22023-08-012024-07-31 05194253business:Director222023-08-012024-07-31 05194253business:Director222023-07-31 05194253business:Director222024-07-31 051942532022-08-012023-07-31 iso4217:GBP xbrli:pure
Company Registration No. 05194253 (England and Wales)
Intertech Software Limited Unaudited Financial Statements for the year ended 31 July 2024
Intertech Software Limited Statement of financial position as at 31 July 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
2,604 
3,905 
Current assets
Debtors
7,381 
294 
Cash at bank and in hand
18,005 
5,023 
25,386 
5,317 
Creditors: amounts falling due within one year
(6,358)
(1,101)
Net current assets
19,028 
4,216 
Net assets
21,632 
8,121 
Capital and reserves
Called up share capital
15 
15 
Profit and loss account
21,617 
8,106 
Shareholders' funds
21,632 
8,121 
For the year ending 31 July 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 21 January 2025 and were signed on its behalf by
Judith Basto Director Company Registration No. 05194253
- 2 -
Intertech Software Limited Notes to the Accounts for the year ended 31 July 2024
1
Statutory information
Intertech Software Limited is a private company, limited by shares, registered in England and Wales, registration number 05194253. The registered office is 70 Blackborough Road, Reigate, Surrey, RH2 7DF, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
33% reducing balance
Fixtures & fittings
33% reducing balance
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
- 3 -
Intertech Software Limited Notes to the Accounts for the year ended 31 July 2024
Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax. The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period. Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities. Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
Foreign exchange
Monetary 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 rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
4
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 August 2023
733 
11,717 
12,450 
At 31 July 2024
733 
11,717 
12,450 
Depreciation
At 1 August 2023
- 
8,545 
8,545 
Charge for the year
244 
1,057 
1,301 
At 31 July 2024
244 
9,602 
9,846 
Net book value
At 31 July 2024
489 
2,115 
2,604 
At 31 July 2023
733 
3,172 
3,905 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
5 
- 
Other debtors
7,376 
294 
7,381 
294 
- 4 -
Intertech Software Limited Notes to the Accounts for the year ended 31 July 2024
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
VAT
368 
334 
Taxes and social security
5,990 
- 
Loans from directors
- 
624 
Accruals
- 
143 
6,358 
1,101 
7
Loans to directors
Brought Forward 
Advance/ credit 
Repaid 
Carried Forward 
£ 
£ 
£ 
£ 
Judith Basto
Non-interest bearing, unsecured and repayable on demand
- 
1,200 
- 
1,200 
Nicholas Basto
Non-interest bearing, unsecured and repayable on demand
- 
3,200 
- 
3,200 
- 
4,400 
- 
4,400 
The company also advanced £3,600 to Rob Basto, Company Secretary, during the year.
8
Average number of employees
During the year the average number of employees was 2 (2023: 2).
- 5 -