Intelligencr Limited
Unaudited Financial Statements
For the year ended 31 May 2024
Pages for Filing with Registrar
Company Registration No. 09053060 (England and Wales)
Intelligencr Limited
Contents
Page
Balance sheet
1
Notes to the financial statements
2 - 5
Intelligencr Limited
Balance Sheet
As at 31 May 2024
Page 1
2024
2023
Notes
£
£
£
£
Fixed assets
Tangible assets
3
28,542
19,998
Current assets
Debtors
4
1,508
7,553
Cash at bank and in hand
3,185
11,613
4,693
19,166
Creditors: amounts falling due within one year
5
(7,994)
(9,120)
Net current (liabilities)/assets
(3,301)
10,046
Net assets
25,241
30,044
Capital and reserves
Called up share capital
6
100
100
Profit and loss reserves
25,141
29,944
Total equity
25,241
30,044
The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true
For the financial year ended 31 May 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
The member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The financial statements were approved and signed by the director and authorised for issue on 26 February 2025
P Papadimitriou
Director
Company Registration No. 09053060
Intelligencr Limited
Notes to the Financial Statements
For the year ended 31 May 2024
Page 2
1
Accounting policies
Company information
Intelligencr Limited is a private company limited by shares incorporated in England and Wales. The registered office is 6th Floor, 9 Appold Street, London, EC2A 2AP.
1.1
Accounting convention
These financial statements have been prepared in accordance with Section 1A of FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.
The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.
1.2
Going concern
Atruet the time of approving the financial statements, the director has a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the director continues to adopt the going concern basis of accounting in preparing the financial statements.
1.3
Turnover
Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes.
1.4
Tangible fixed assets
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.
Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:
Plant and machinery
3 years straight line
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.
1.5
Cash at bank and in hand
Cash at bank and in hand are basic financial assets and include cash in hand, deposits held at call with banks and other short-term liquid investments with original maturities of three months or less.
1.6
Financial instruments
The company only has basic financial instruments measured at amortised cost, with no financial instruments classified as other or basic instruments at fair value.
Intelligencr Limited
Notes to the Financial Statements (Continued)
For the year ended 31 May 2024
1
Accounting policies
(Continued)
Page 3
1.7
Equity instruments
Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.
Changes in the fair value of derivatives that are designated and qualify as fair value hedges are recognised in profit or loss immediately, together with any changes in the fair value of the hedged asset or liability that are attributable to the hedged risk.
1.8
Leases
Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the leases asset are consumed.
1.9
Foreign exchange
Transactions in currencies other than pounds sterling are recorded at the rates of exchange prevailing at the dates of the transactions. At each reporting end date, monetary assets and liabilities that are denominated in foreign currencies are retranslated at the rates prevailing on the reporting end date. Gains and losses arising on translation in the period are included in profit or loss.
2
Employees
The average monthly number of persons (including directors) employed by the company during the year was:
2024
2023
Number
Number
Total
1
Intelligencr Limited
Notes to the Financial Statements (Continued)
For the year ended 31 May 2024
Page 4
3
Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 June 2023
121,749
Additions
23,426
Disposals
(52,964)
At 31 May 2024
92,211
Depreciation and impairment
At 1 June 2023
101,751
Depreciation charged in the year
9,031
Eliminated in respect of disposals
(47,113)
At 31 May 2024
63,669
Carrying amount
At 31 May 2024
28,542
At 31 May 2023
19,998
4
Debtors
2024
2023
Amounts falling due within one year:
£
£
Trade debtors
64
563
Corporation tax recoverable
1,624
Other debtors
1,444
5,366
1,508
7,553
5
Creditors: amounts falling due within one year
2024
2023
£
£
Taxation and social security
220
Other creditors
5,164
3,484
Accruals and deferred income
2,830
5,416
7,994
9,120
Intelligencr Limited
Notes to the Financial Statements (Continued)
For the year ended 31 May 2024
Page 5
6
Called up share capital
2024
2023
2024
2023
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary shares of £1 each
100
100
100
100
7
Controlling party
The ultimate controlling party is P Papadimitriou, Director, by virtue of his shareholding.