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Registered number: 06442114
Intelligent Partnership Limited
Unaudited Financial Statements
For The Year Ended 30 June 2024
Annette Ferguson Scotland Ltd
Contents
Page
Company Information 1
Balance Sheet 2—3
Notes to the Financial Statements 4—5
Page 1
Company Information
Director Guy Tolhurst
Company Number 06442114
Registered Office 25 The Island
Thames Ditton
Surrey
England
KT7 0SH
Accountants Annette Ferguson Scotland Ltd
ICAS
28 Kittlegairy Crescent
Peebles
EH45 9NJ
Page 1
Page 2
Balance Sheet
Registered number: 06442114
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 1,125 1,080
1,125 1,080
CURRENT ASSETS
Debtors 5 (25,399 ) 85,055
Cash at bank and in hand 1,932 19,084
(23,467 ) 104,139
Creditors: Amounts Falling Due Within One Year 6 (525,242 ) (581,460 )
NET CURRENT ASSETS (LIABILITIES) (548,709 ) (477,321 )
TOTAL ASSETS LESS CURRENT LIABILITIES (547,584 ) (476,241 )
Creditors: Amounts Falling Due After More Than One Year 7 (12,527 ) (22,515 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (214 ) (175 )
NET LIABILITIES (560,325 ) (498,931 )
CAPITAL AND RESERVES
Called up share capital 8 100 100
Profit and Loss Account (560,425 ) (499,031 )
SHAREHOLDERS' FUNDS (560,325) (498,931)
Page 2
Page 3
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 member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Guy Tolhurst
Director
24/01/2025
The notes on pages 4 to 5 form part of these financial statements.
Page 3
Page 4
Notes to the Financial Statements
1. General Information
Intelligent Partnership Limited is a private company, limited by shares, incorporated in England & Wales, registered number 06442114 . The registered office is 25 The Island, Thames Ditton, Surrey, England, KT7 0SH.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
Presentation Currency
The accounts are presented in £ sterling.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Fixtures & Fittings 25% RB
Computer Equipment 25% RB
3. Average Number of Employees
Average number of employees, including directors, during the year was: 6 (2023: 6)
6 6
4. Tangible Assets
Fixtures & Fittings Computer Equipment Total
£ £ £
Cost
As at 1 July 2023 21,890 31,370 53,260
Additions - 650 650
As at 30 June 2024 21,890 32,020 53,910
Depreciation
As at 1 July 2023 21,890 30,290 52,180
Provided during the period - 605 605
As at 30 June 2024 21,890 30,895 52,785
Net Book Value
As at 30 June 2024 - 1,125 1,125
As at 1 July 2023 - 1,080 1,080
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Page 5
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 65,617 45,990
Other debtors 3,169 3,169
Director's loan account 8,594 48,562
Amounts owed by group undertakings (102,779 ) (12,666 )
(25,399 ) 85,055
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 375,242 387,296
Bank loans and overdrafts 10,000 10,000
Corporation tax 594 594
Other taxes and social security 21,808 88,786
VAT 87,731 93,582
Net wages 22,367 1,202
Amounts owed to group undertakings 7,500 -
525,242 581,460
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 12,527 22,515
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
Page 5