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REGISTERED NUMBER: 00968810 (England and Wales)



















INTEGREX LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2024






INTEGREX LIMITED (REGISTERED NUMBER: 00968810)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3 to 8


INTEGREX LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 JUNE 2024







DIRECTORS: Mr R T Portus
Mr J R Portus



SECRETARY: Mr J R Portus



REGISTERED OFFICE: Portwood Industrial Estate
Church Gresley
SWADLINCOTE
Derbyshire
DE11 9PT



REGISTERED NUMBER: 00968810 (England and Wales)



ACCOUNTANTS: Johnson Tidsall Limited
Chartered Accountants
81 Burton Road
Derby
Derbyshire
DE1 1TJ



BANKERS: HSBC
18 High Street
Burton-On-Trent
DE14 1HU

INTEGREX LIMITED (REGISTERED NUMBER: 00968810)

BALANCE SHEET
30 JUNE 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 144,762 146,623
Investments 6 87,500 87,500
232,262 234,123

CURRENT ASSETS
Stocks 689,618 626,229
Debtors 7 1,016,953 1,025,528
Cash at bank and in hand 2,633,467 2,270,712
4,340,038 3,922,469
CREDITORS
Amounts falling due within one year 8 1,170,347 1,012,619
NET CURRENT ASSETS 3,169,691 2,909,850
TOTAL ASSETS LESS CURRENT
LIABILITIES

3,401,953

3,143,973

CAPITAL AND RESERVES
Called up share capital 9 100,000 100,000
Share premium 7,475 7,475
Retained earnings 3,294,478 3,036,498
SHAREHOLDERS' FUNDS 3,401,953 3,143,973

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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

In accordance with Section 444 of the Companies Act 2006, the Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 19 March 2025 and were signed on its behalf by:




Mr J R Portus - Director


INTEGREX LIMITED (REGISTERED NUMBER: 00968810)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024


1. STATUTORY INFORMATION

Integrex Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Financial reporting standard 102 - reduced disclosure exemptions
The company has taken advantage of the following disclosure exemption in preparing these financial statements, as permitted by FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland".

- the requirements of Section 7 Statement of Cash Flows

Consolidated accounts
The company has taken advantage of the exemption under section 400 of the Companies Act 2006 not to prepare consolidated accounts. The financial statements present information about the company as an individual entity only.

Significant judgements and estimates
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised if revision only affects that period, or in the period of the revision and future periods if the revision affects both current and future periods.

The following judgements and estimates have been made in the process of applying the company's accounting policies that have had the most significant effect on amounts recognised in the financial statements:

Depreciation - the useful life of fixed assets can vary significantly. Estimates are based on historic experience and current expectations of useful life.

Carrying value of stock - when calculating the stock provision, management considers the nature and condition of stock, together with the age of stock, and sales activity.

Warranty provision - is made in respect of the future costs of parts in respect of goods supplied under a customer contract. An amount per unit sold is calculated based on the directors estimate of relevant future costs.

INTEGREX LIMITED (REGISTERED NUMBER: 00968810)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024


2. ACCOUNTING POLICIES - continued

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.

Sale of goods

Turnover from the sale of goods is recognised when significant risks and rewards of ownership of the goods have transferred to the buyer, the amount of turnover can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transaction can be measured reliably. This is usually on the dispatch of goods.

Service visits and equipment installations

Revenue from contracts for the provision of services and equipment installations is recognised by reference to the stage of completion when the stage of completion, costs incurred and costs to complete can be estimated reliably. Where the outcome cannot be estimated reliably, revenue is recognised only to the extent of the expenses recognised that are recoverable.

Sales of software/hardware

Revenue from the design and installation of software and hardware is recognised by reference to the stage of completion when the stage of completion, costs incurred and costs to complete can be estimated reliably. Where the outcome cannot be estimated reliably, revenue is recognised only to the extent of the expenses recognised that are recoverable.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Patents have been amortised over their estimated life.

Amortisation
Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:

Patent - over 17 years straight line

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - Straight line over 20 years
Plant and machinery - Straight line over 5 years
Fixtures and fittings - Straight line over 5 years
Motor vehicles - Straight line over 4 years
Computer equipment - Straight line over 3 years

Tangible fixed assets are stated at cost or deemed cost less accumulated depreciation. Cost includes costs directly attributable to making the asset capable of operating as intended.

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost less any provision for impairment.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.


INTEGREX LIMITED (REGISTERED NUMBER: 00968810)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024


2. ACCOUNTING POLICIES - continued
Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Research and development
Expenditure on research and development is written off in the year in which it is incurred.


Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Investments
Investments in subsidiary undertakings are valued at cost less provision for impairment.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 21 (2023 - 22 ) .

INTEGREX LIMITED (REGISTERED NUMBER: 00968810)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024


4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 July 2023
and 30 June 2024 1,969
AMORTISATION
At 1 July 2023
and 30 June 2024 1,969
NET BOOK VALUE
At 30 June 2024 -
At 30 June 2023 -

5. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Plant and and
property machinery fittings
£    £    £   
COST
At 1 July 2023 194,400 14,056 163,186
Additions - - 2,627
Disposals - - -
At 30 June 2024 194,400 14,056 165,813
DEPRECIATION
At 1 July 2023 154,256 13,582 155,478
Charge for year 3,000 145 2,503
Eliminated on disposal - - -
At 30 June 2024 157,256 13,727 157,981
NET BOOK VALUE
At 30 June 2024 37,144 329 7,832
At 30 June 2023 40,144 474 7,708

INTEGREX LIMITED (REGISTERED NUMBER: 00968810)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024


5. TANGIBLE FIXED ASSETS - continued

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 July 2023 143,106 87,328 602,076
Additions 74,648 1,065 78,340
Disposals (59,195 ) - (59,195 )
At 30 June 2024 158,559 88,393 621,221
DEPRECIATION
At 1 July 2023 47,102 85,035 455,453
Charge for year 32,163 1,631 39,442
Eliminated on disposal (18,436 ) - (18,436 )
At 30 June 2024 60,829 86,666 476,459
NET BOOK VALUE
At 30 June 2024 97,730 1,727 144,762
At 30 June 2023 96,004 2,293 146,623

6. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 July 2023
and 30 June 2024 97,775
PROVISIONS
At 1 July 2023
and 30 June 2024 10,275
NET BOOK VALUE
At 30 June 2024 87,500
At 30 June 2023 87,500

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 645,125 640,408
Other debtors 7,739 9,739
VAT 18,873 37,744
Deferred tax asset 293,842 293,842
Prepayments and accrued income 51,374 43,795
1,016,953 1,025,528

INTEGREX LIMITED (REGISTERED NUMBER: 00968810)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024


8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 233,224 290,222
Amounts owed to group undertakings 87,500 87,500
Social security and other taxes 17,227 14,144
Other creditors 4,778 3,340
Directors' current accounts 65,858 65,858
Accruals and deferred income 761,760 551,555
1,170,347 1,012,619

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
200,000 Ordinary 50p 100,000 100,000

10. OTHER FINANCIAL COMMITMENTS

The company had financial commitments in respect of rent amounting to £137,000 as at 30 June 2024 (2023: £182,500).

11. RELATED PARTY DISCLOSURES

Amount owed to group undertakings as at 30 June 2024 was £87,500 (2023: £87,500).