Caseware UK (AP4) 2024.0.164 2024.0.164 2024-06-302024-06-302023-07-01trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.falsethe sale of information technology equipment22truefalse 07657788 2023-07-01 2024-06-30 07657788 2022-07-01 2023-06-30 07657788 2024-06-30 07657788 2023-06-30 07657788 c:Director1 2023-07-01 2024-06-30 07657788 d:CurrentFinancialInstruments 2024-06-30 07657788 d:CurrentFinancialInstruments 2023-06-30 07657788 d:CurrentFinancialInstruments d:WithinOneYear 2024-06-30 07657788 d:CurrentFinancialInstruments d:WithinOneYear 2023-06-30 07657788 d:ShareCapital 2024-06-30 07657788 d:ShareCapital 2023-06-30 07657788 d:RetainedEarningsAccumulatedLosses 2024-06-30 07657788 d:RetainedEarningsAccumulatedLosses 2023-06-30 07657788 c:OrdinaryShareClass1 2023-07-01 2024-06-30 07657788 c:OrdinaryShareClass1 2024-06-30 07657788 c:OrdinaryShareClass1 2023-06-30 07657788 c:FRS102 2023-07-01 2024-06-30 07657788 c:AuditExempt-NoAccountantsReport 2023-07-01 2024-06-30 07657788 c:FullAccounts 2023-07-01 2024-06-30 07657788 c:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 07657788 e:PoundSterling 2023-07-01 2024-06-30 xbrli:shares iso4217:GBP xbrli:pure
Registered number: 07657788














INTERCEL (UK) LIMITED
UNAUDITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

 
INTERCEL (UK) LIMITED
 

CONTENTS



Page
Statement of financial position
 
1
Notes to the financial statements
 
2 - 4


 
INTERCEL (UK) LIMITED
REGISTERED NUMBER:07657788

STATEMENT OF FINANCIAL POSITION
AS AT 30 JUNE 2024

2024
2023
Note
£
£

  

Current assets
  

Debtors: amounts falling due within one year
 4 
100
3,556

Current liabilities
  

Creditors: amounts falling due within one year
 5 
(778,910)
(778,066)

Net current liabilities
  
 
 
(778,810)
 
 
(774,510)

  

Net liabilities
  
(778,810)
(774,510)


Capital and reserves
  

Called up share capital 
 6 
100
100

Profit and loss account
  
(778,910)
(774,610)

  
(778,810)
(774,510)


The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 10 February 2025.




A Cheung
Director

The notes on pages 2 to 4 form part of these financial statements.

Page 1

 
INTERCEL (UK) LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

1.


General information

Intercel (UK) Limited is a private limited liability company registered in England and Wales. Its registered
office address is at 5 Elstree Gate, Elstree Way, Borehamwood, Hertfordshire, WD6 1JD.
The principal activity of the company is the sale of information technology equipment. 
The company's functional and presentational currency is £ sterling.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Going concern

The company made a loss for the year and at the reporting date it has net current liabilities and net liabilities. The ultimate parent company has confirmed that it has the ability and is willing to support the company so that it will be able to meet its financial obligations as and when they fall due for at least twelve months from the date of approval of these accounts. On this basis the directors consider that preparing the accounts as a going concern is appropriate.

 
2.3

Taxation

Tax is recognised in the Statement of Comprehensive Income, except that a charge attributable to an
item of income and expense recognised as other comprehensive income or to an item recognised
directly in equity is also recognised in other comprehensive income or directly in equity respectively.
The current income tax charge is calculated on the basis of tax rates and laws that have been
enacted or substantively enacted by the reporting date.
Deferred tax balances are recognised in respect of all timing differences that have originated but not
reversed by the Statement of Financial Position date, except that:
a) The recognition of deferred tax assets is limited to the extent that it is probable that they will be
recovered against the reversal of deferred tax liabilities or other future taxable profits; and
b) Any deferred tax balances are reversed if and when all conditions for retaining associated tax
allowances have been met.
Deferred tax balances are not recognised in respect of permanent differences. Deferred tax is
determined using tax rates and laws that have been enacted or substantively enacted by the
Statement of Financial Position Date.

Page 2

 
INTERCEL (UK) LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

2.Accounting policies (continued)

 
2.4

Basic financial instruments

The company only enters into transactions that result in basic financial instruments such as other debtors, trade and other creditors, cash at bank and in hand and loans from related parties.
Trade and other debtors are recognised initially at the transaction price less attributable transaction costs. Trade and other creditors are recognised initially at transaction price plus attributable transaction costs. Subsequently they are measured at amortised cost using the effective interest method, less any impairment losses in the case of trade and other debtors.
 


3.


Employees



The average monthly number of employees, including directors, during the year was 2 (2023 - 2).


4.


Debtors

2024
2023
£
£


Other debtors
100
3,556



5.


Creditors: Amounts falling due within one year

2024
2023
£
£

Amounts owed to group undertakings
347,908
347,908

Other creditors
431,002
425,338

Accruals and deferred income
-
4,820

778,910
778,066



6.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



100 (2023 - 100) Ordinary shares of £1.00 each
100
100


Page 3

 
INTERCEL (UK) LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

7.


Controlling party

The company's immediate parent company is Intercel Holdings Limited, a company incorporated in the
Samoa Islands. The ultimate parent company is Octopus Limited, a company incorporated in the Samoa
Islands.

 
Page 4