Silverfin false false 31/05/2024 01/06/2023 31/05/2024 Josephine Anita Cresswell 01/06/2021 Alexandra Louise Elborn 01/06/2023 01/06/2023 Michael Finn 01/06/2021 Duncan Charles Alexander Marsh 01/06/2021 Andrew James Roberts 01/06/2021 Paul Derrick Sullivan 01/06/2021 Paul Simon Tansey 10/05/2000 11 December 2024 The principal activity of the Company during the financial year was that of a marketing company. 03989761 2024-05-31 03989761 bus:Director1 2024-05-31 03989761 bus:Director2 2024-05-31 03989761 bus:Director3 2024-05-31 03989761 bus:Director4 2024-05-31 03989761 bus:Director5 2024-05-31 03989761 bus:Director6 2024-05-31 03989761 bus:Director7 2024-05-31 03989761 2023-05-31 03989761 core:CurrentFinancialInstruments 2024-05-31 03989761 core:CurrentFinancialInstruments 2023-05-31 03989761 core:Non-currentFinancialInstruments 2024-05-31 03989761 core:Non-currentFinancialInstruments 2023-05-31 03989761 core:ShareCapital 2024-05-31 03989761 core:ShareCapital 2023-05-31 03989761 core:CapitalRedemptionReserve 2024-05-31 03989761 core:CapitalRedemptionReserve 2023-05-31 03989761 core:RetainedEarningsAccumulatedLosses 2024-05-31 03989761 core:RetainedEarningsAccumulatedLosses 2023-05-31 03989761 core:Goodwill 2023-05-31 03989761 core:Goodwill 2024-05-31 03989761 core:InvestmentPropertyIncludedWithinPPE 2023-05-31 03989761 core:FurnitureFittings 2023-05-31 03989761 core:OfficeEquipment 2023-05-31 03989761 core:ComputerEquipment 2023-05-31 03989761 core:InvestmentPropertyIncludedWithinPPE 2024-05-31 03989761 core:FurnitureFittings 2024-05-31 03989761 core:OfficeEquipment 2024-05-31 03989761 core:ComputerEquipment 2024-05-31 03989761 core:CurrentFinancialInstruments core:Secured 2024-05-31 03989761 core:Non-currentFinancialInstruments core:Secured 2024-05-31 03989761 core:MoreThanFiveYears 2024-05-31 03989761 core:MoreThanFiveYears 2023-05-31 03989761 2023-06-01 2024-05-31 03989761 bus:FilletedAccounts 2023-06-01 2024-05-31 03989761 bus:SmallEntities 2023-06-01 2024-05-31 03989761 bus:AuditExemptWithAccountantsReport 2023-06-01 2024-05-31 03989761 bus:PrivateLimitedCompanyLtd 2023-06-01 2024-05-31 03989761 bus:Director1 2023-06-01 2024-05-31 03989761 bus:Director2 2023-06-01 2024-05-31 03989761 bus:Director3 2023-06-01 2024-05-31 03989761 bus:Director4 2023-06-01 2024-05-31 03989761 bus:Director5 2023-06-01 2024-05-31 03989761 bus:Director6 2023-06-01 2024-05-31 03989761 bus:Director7 2023-06-01 2024-05-31 03989761 core:Goodwill core:TopRangeValue 2023-06-01 2024-05-31 03989761 core:Goodwill 2023-06-01 2024-05-31 03989761 core:FurnitureFittings 2023-06-01 2024-05-31 03989761 core:OfficeEquipment 2023-06-01 2024-05-31 03989761 core:ComputerEquipment core:TopRangeValue 2023-06-01 2024-05-31 03989761 2022-06-01 2023-05-31 03989761 core:InvestmentPropertyIncludedWithinPPE 2023-06-01 2024-05-31 03989761 core:ComputerEquipment 2023-06-01 2024-05-31 03989761 core:Non-currentFinancialInstruments 2023-06-01 2024-05-31 iso4217:GBP xbrli:pure

Company No: 03989761 (England and Wales)

INTERGAGE GROUP LIMITED

Unaudited Financial Statements
For the financial year ended 31 May 2024
Pages for filing with the registrar

INTERGAGE GROUP LIMITED

Unaudited Financial Statements

For the financial year ended 31 May 2024

Contents

INTERGAGE GROUP LIMITED

BALANCE SHEET

As at 31 May 2024
INTERGAGE GROUP LIMITED

BALANCE SHEET (continued)

As at 31 May 2024
Note 2024 2023
£ £
Fixed assets
Tangible assets 4 279,317 263,493
279,317 263,493
Current assets
Debtors 5 121,332 188,549
Cash at bank and in hand 24,945 3,750
146,277 192,299
Creditors: amounts falling due within one year 6 ( 77,880) ( 70,345)
Net current assets 68,397 121,954
Total assets less current liabilities 347,714 385,447
Creditors: amounts falling due after more than one year 7 ( 165,227) ( 188,653)
Provision for liabilities ( 1,024) ( 88)
Net assets 181,463 196,706
Capital and reserves
Called-up share capital 1,066 1,066
Capital redemption reserve 225 225
Profit and loss account 180,172 195,415
Total shareholder's funds 181,463 196,706

For the financial year ending 31 May 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The financial statements of Intergage Group Limited (registered number: 03989761) were approved and authorised for issue by the Board of Directors on 11 December 2024. They were signed on its behalf by:

Paul Simon Tansey
Director
INTERGAGE GROUP LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 May 2024
INTERGAGE GROUP LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 May 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

Intergage Group Limited (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 55 Cobham Road, Ferndown Industrial Estate, Wimborne, BH21 7RB, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and 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 £.

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.

Revenue from services is recognised as they are delivered.

Employee benefits

Defined contribution schemes
Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

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.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on tax rates and laws substantively enacted at the balance sheet date. Deferred tax assets and liabilities are not discounted.

Intangible assets

Intangible assets are stated at cost or valuation, net of amortisation and any provision for impairment. Amortisation is provided on all intangible assets at rates to write off the cost or valuation of each asset over its expected useful life as follows:

Goodwill 10 years straight line
Goodwill

Goodwill arises on business combination and represents any excess of consideration given over the fair value of the identifiable assets and liabilities acquired. Goodwill is initially recognised as an intangible asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is amortised on a straight line basis over its useful economic life, which is 10 years.

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 and reducing balance basis over its expected useful life, as follows:

Investment property not depreciated
Fixtures and fittings 25 % reducing balance
Office equipment 33 % reducing balance
Computer equipment 3 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.

Investment property

Investment property is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at each reporting date with changes in fair value recognised in profit or loss. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.

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.

Basic financial assets
Basic financial assets receivable within one year, such as trade debtors and bank balances, are measured at transaction price less any impairment.

Basic financial assets receivable within more than one year are measured at amortised cost less any impairment.

Financial assets are derecognised when and only when the contractual rights to the cash flows from the financial asset expire or are settled, or the Company transfers to another party substantially all of the risks and rewards of ownership of the financial asset, or the Company, despite having retained some, but not all, significant risks and rewards of ownership, has transferred control of the asset to another party.

Basic financial liabilities
Basic financial liabilities that have no stated interest rate and are payable within one year, such as trade creditors, are measured at transaction price.

Other basic financial liabilities are measured at amortised cost.

Financial liabilities are derecognised when the company’s contractual obligations expire or are discharged or cancelled.

2. Employees

2024 2023
Number Number
Monthly average number of persons employed by the Company during the year, including directors 28 27

3. Intangible assets

Goodwill Total
£ £
Cost
At 01 June 2023 230,000 230,000
At 31 May 2024 230,000 230,000
Accumulated amortisation
At 01 June 2023 230,000 230,000
At 31 May 2024 230,000 230,000
Net book value
At 31 May 2024 0 0
At 31 May 2023 0 0

4. Tangible assets

Investment property Fixtures and fittings Office equipment Computer equipment Total
£ £ £ £ £
Cost
At 01 June 2023 262,218 19,865 5,007 24,001 311,091
Additions 4,563 1,922 0 12,609 19,094
At 31 May 2024 266,781 21,787 5,007 36,610 330,185
Accumulated depreciation
At 01 June 2023 0 18,925 5,007 23,666 47,598
Charge for the financial year 0 509 0 2,761 3,270
At 31 May 2024 0 19,434 5,007 26,427 50,868
Net book value
At 31 May 2024 266,781 2,353 0 10,183 279,317
At 31 May 2023 262,218 940 0 335 263,493

5. Debtors

2024 2023
£ £
Trade debtors 15,611 33,959
Amounts owed by Group undertakings 102,658 149,034
Other debtors 3,063 5,556
121,332 188,549

6. Creditors: amounts falling due within one year

2024 2023
£ £
Bank loans (secured £ 6,434) 22,343 20,983
Trade creditors 2,300 2,152
Taxation and social security 35,332 27,076
Other creditors 17,905 20,134
77,880 70,345

7. Creditors: amounts falling due after more than one year

2024 2023
£ £
Bank loans (secured £ 143,596) 165,227 188,653

The bank loans are secured on freehold properties of the Company with a carrying value of £266,781 (2023: £262,218 ).

Amounts repayable after more than 5 years are included in creditors falling due over one year:

2024 2023
£ £
Bank loans (secured / repayable by instalments) 114,220 131,087

8. Ultimate controlling party

Parent Company:

Intergage (Holdings) Limited
55 Cobham Road, Ferndown Industrial Estate, Wimborne, England, BH21 7RB