1 July 2023 false No description of principal activity Taxfiler 2024.6 09621667business:PrivateLimitedCompanyLtd2023-07-012024-06-30 096216672023-06-30 096216672023-07-012024-06-30 09621667business:AuditExempt-NoAccountantsReport2023-07-012024-06-30 09621667business:FilletedAccounts2023-07-012024-06-30 096216672024-06-30 09621667business:Director12023-07-012024-06-30 09621667business:Director22023-07-012024-06-30 09621667business:RegisteredOffice2023-07-012024-06-30 096216672023-06-30 09621667core:WithinOneYear2024-06-30 09621667core:WithinOneYear2023-06-30 09621667core:AfterOneYear2024-06-30 09621667core:AfterOneYear2023-06-30 09621667core:ShareCapitalcore:PreviouslyStatedAmount2024-06-30 09621667core:ShareCapitalcore:PreviouslyStatedAmount2023-06-30 09621667core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2024-06-30 09621667core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-06-30 09621667core:PreviouslyStatedAmount2024-06-30 09621667core:PreviouslyStatedAmount2023-06-30 09621667business:SmallEntities2023-07-012024-06-30 09621667countries:EnglandWales2023-07-012024-06-30 09621667core:PlantMachinery2023-07-012024-06-30 09621667core:MotorVehicles2023-07-012024-06-30 09621667core:FurnitureFittings2023-07-012024-06-30 09621667core:Goodwill2023-06-30 09621667core:Goodwill2024-06-30 09621667core:Goodwill2023-07-012024-06-30 09621667core:PlantMachinery2023-06-30 09621667core:MotorVehicles2023-06-30 09621667core:FurnitureFittings2023-06-30 09621667core:PlantMachinery2024-06-30 09621667core:MotorVehicles2024-06-30 09621667core:FurnitureFittings2024-06-30 096216672022-07-012023-06-30 iso4217:GBP xbrli:pure
Company Registration No. 09621667 (England and Wales)
INTENSITY RETAIL LTD Unaudited accounts for the year ended 30 June 2024
INTENSITY RETAIL LTD Unaudited accounts Contents
Page
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INTENSITY RETAIL LTD Company Information for the year ended 30 June 2024
Directors
Praful Nanji Amipara Harsh Praful Amipara
Company Number
09621667 (England and Wales)
Registered Office
387-389 HIGH STREET NORTH LONDON E12 6PG ENGLAND
Accountants
Equifin Accountancy Ltd 87 Kingshill drive Harrow Middlesex HA3 8QQ
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INTENSITY RETAIL LTD Statement of financial position as at 30 June 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Intangible assets
107,959 
125,953 
Tangible assets
59,510 
46,354 
167,469 
172,307 
Current assets
Inventories
151,630 
155,560 
Debtors
275,652 
229,258 
Cash at bank and in hand
61,714 
63,719 
488,996 
448,537 
Creditors: amounts falling due within one year
(229,383)
(126,850)
Net current assets
259,613 
321,687 
Total assets less current liabilities
427,082 
493,994 
Creditors: amounts falling due after more than one year
(318,825)
(406,394)
Net assets
108,257 
87,600 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
108,157 
87,500 
Shareholders' funds
108,257 
87,600 
For the year ending 30 June 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 18 November 2024 and were signed on its behalf by
Praful Nanji Amipara Director Company Registration No. 09621667
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INTENSITY RETAIL LTD Notes to the Accounts for the year ended 30 June 2024
1
Statutory information
INTENSITY RETAIL LTD is a private company, limited by shares, registered in England and Wales, registration number 09621667. The registered office is 387-389 HIGH STREET NORTH, LONDON, E12 6PG, 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.
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.
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
20% on reducing balance
Motor vehicles
20% on reducing balance
Fixtures & fittings
20% on reducing balance
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Financial instruments
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation. Amortised over its estimated useful life of 15 years.
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INTENSITY RETAIL LTD Notes to the Accounts for the year ended 30 June 2024
4
Intangible fixed assets
Goodwill 
£ 
Cost
At 1 July 2023
269,904 
At 30 June 2024
269,904 
Amortisation
At 1 July 2023
143,951 
Charge for the year
17,994 
At 30 June 2024
161,945 
Net book value
At 30 June 2024
107,959 
At 30 June 2023
125,953 
5
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Fixtures & fittings 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 July 2023
16,920 
84,879 
23,832 
125,631 
Additions
26,941 
- 
- 
26,941 
At 30 June 2024
43,861 
84,879 
23,832 
152,572 
Depreciation
At 1 July 2023
4,615 
55,670 
18,992 
79,277 
Charge for the year
6,975 
5,842 
968 
13,785 
At 30 June 2024
11,590 
61,512 
19,960 
93,062 
Net book value
At 30 June 2024
32,271 
23,367 
3,872 
59,510 
At 30 June 2023
12,305 
29,209 
4,840 
46,354 
6
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
- 
2,806 
Amounts falling due after more than one year
Amounts due from group undertakings etc.
209,052 
159,852 
Other debtors
66,600 
66,600 
275,652 
226,452 
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INTENSITY RETAIL LTD Notes to the Accounts for the year ended 30 June 2024
7
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
76,368 
76,368 
VAT
1,478 
2,437 
Trade creditors
100,564 
23,812 
Taxes and social security
10,975 
13,329 
Other creditors
36,498 
6,492 
Accruals
3,500 
4,412 
229,383 
126,850 
8
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
42,466 
101,992 
Amounts owed to group undertakings and other participating interests
50,000 
50,000 
Other creditors
- 
10,000 
Loans from directors
226,359 
244,402 
318,825 
406,394 
9
Average number of employees
During the year the average number of employees was 6 (2023: 6).
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