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Registered number: 12708564
Intelroll Global Ltd
Unaudited Financial Statements
For The Year Ended 30 June 2024
JSA Partners London Limited
9a Wick Road Business Park
Wick Road
Burnham On Crouch
CM0 8LT
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 12708564
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 17,587 16,087
Investments 5 28,500 1,000
46,087 17,087
CURRENT ASSETS
Stocks 6 130,444 115,036
Debtors 7 14,060 -
Cash at bank and in hand 74,756 84,756
219,260 199,792
Creditors: Amounts Falling Due Within One Year 8 (72,123 ) (67,536 )
NET CURRENT ASSETS (LIABILITIES) 147,137 132,256
TOTAL ASSETS LESS CURRENT LIABILITIES 193,224 149,343
Creditors: Amounts Falling Due After More Than One Year 9 (16,811 ) (39,722 )
NET ASSETS 176,413 109,621
CAPITAL AND RESERVES
Called up share capital 10 100 100
Profit and Loss Account 176,313 109,521
SHAREHOLDERS' FUNDS 176,413 109,621
Page 1
Page 2
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.
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
Mr Bela Kovacs
Director
19 March 2025
The notes on pages 3 to 5 form part of these financial statements.
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Page 3
Notes to the Financial Statements
1. General Information
Intelroll Global Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 12708564 . The registered office is 126 Humber Close, Steensbridge, Leominster, HR6 0LT.
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.
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.
Rendering of services
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
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:
Plant & Machinery Straight Line
Motor Vehicles Reducing Balance
Fixtures & Fittings Reducing Balance
Computer Equipment Straight Line
2.4. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
2.5. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
2.6. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
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3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2023: 3)
2 3
4. Tangible Assets
Plant & Machinery Motor Vehicles Fixtures & Fittings Computer Equipment Total
£ £ £ £ £
Cost
As at 1 July 2023 1,832 11,435 4,185 3,883 21,335
Additions - - - 5,973 5,973
As at 30 June 2024 1,832 11,435 4,185 9,856 27,308
Depreciation
As at 1 July 2023 705 2,058 1,371 1,114 5,248
Provided during the period 705 1,688 507 1,573 4,473
As at 30 June 2024 1,410 3,746 1,878 2,687 9,721
Net Book Value
As at 30 June 2024 422 7,689 2,307 7,169 17,587
As at 1 July 2023 1,127 9,377 2,814 2,769 16,087
5. Investments
Unlisted Other Total
£ £ £
Cost
As at 1 July 2023 - 1,000 1,000
Additions 27,500 - 27,500
As at 30 June 2024 27,500 1,000 28,500
Provision
As at 1 July 2023 - - -
As at 30 June 2024 - - -
Net Book Value
As at 30 June 2024 27,500 1,000 28,500
As at 1 July 2023 - 1,000 1,000
6. Stocks
2024 2023
£ £
Stock 130,444 115,036
7. Debtors
2024 2023
£ £
Due within one year
Other debtors 14,060 -
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Page 5
8. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 11,122 -
Bank loans and overdrafts 32,555 40,174
Corporation tax 17,550 16,839
VAT 10,896 10,523
72,123 67,536
9. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Other creditors 16,811 39,722
10. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
Page 5