Caseware UK (AP4) 2023.0.135 2023.0.135 2024-06-302024-06-30The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.2023-07-01falseproviding builder platform for construction industry11truetrue 08360753 2023-07-01 2024-06-30 08360753 2022-07-01 2023-06-30 08360753 2024-06-30 08360753 2023-06-30 08360753 c:Director1 2023-07-01 2024-06-30 08360753 d:OfficeEquipment 2023-07-01 2024-06-30 08360753 d:OfficeEquipment 2024-06-30 08360753 d:OfficeEquipment 2023-06-30 08360753 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-07-01 2024-06-30 08360753 d:OtherPropertyPlantEquipment 2023-07-01 2024-06-30 08360753 d:OtherPropertyPlantEquipment 2024-06-30 08360753 d:OtherPropertyPlantEquipment 2023-06-30 08360753 d:OtherPropertyPlantEquipment d:OwnedOrFreeholdAssets 2023-07-01 2024-06-30 08360753 d:OwnedOrFreeholdAssets 2023-07-01 2024-06-30 08360753 d:PatentsTrademarksLicencesConcessionsSimilar 2023-07-01 2024-06-30 08360753 d:CurrentFinancialInstruments 2024-06-30 08360753 d:CurrentFinancialInstruments 2023-06-30 08360753 d:Non-currentFinancialInstruments 2024-06-30 08360753 d:Non-currentFinancialInstruments 2023-06-30 08360753 d:CurrentFinancialInstruments d:WithinOneYear 2024-06-30 08360753 d:CurrentFinancialInstruments d:WithinOneYear 2023-06-30 08360753 d:Non-currentFinancialInstruments d:AfterOneYear 2024-06-30 08360753 d:Non-currentFinancialInstruments d:AfterOneYear 2023-06-30 08360753 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2024-06-30 08360753 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2023-06-30 08360753 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2024-06-30 08360753 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2023-06-30 08360753 d:Non-currentFinancialInstruments d:MoreThanFiveYears 2024-06-30 08360753 d:Non-currentFinancialInstruments d:MoreThanFiveYears 2023-06-30 08360753 d:ShareCapital 2024-06-30 08360753 d:ShareCapital 2023-06-30 08360753 d:RetainedEarningsAccumulatedLosses 2024-06-30 08360753 d:RetainedEarningsAccumulatedLosses 2023-06-30 08360753 c:FRS102 2023-07-01 2024-06-30 08360753 c:AuditExempt-NoAccountantsReport 2023-07-01 2024-06-30 08360753 c:FullAccounts 2023-07-01 2024-06-30 08360753 c:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 08360753 d:ComputerSoftware 2024-06-30 08360753 d:ComputerSoftware 2023-06-30 08360753 2 2023-07-01 2024-06-30 08360753 e:PoundSterling 2023-07-01 2024-06-30 iso4217:GBP xbrli:pure

Registered number: 08360753









INTRABUILD LTD








FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 30 JUNE 2024

 
INTRABUILD LTD
REGISTERED NUMBER: 08360753

BALANCE SHEET
AS AT 30 JUNE 2024

2024
2023
Note
£
£

Fixed assets
  

Intangible assets
 4 
57,795
57,795

Tangible assets
 5 
5,684
1,112

  
63,479
58,907

Current assets
  

Debtors: amounts falling due within one year
 6 
3,749
252

Cash at bank and in hand
 7 
26,817
39,860

Creditors: amounts falling due within one year
 8 
(170,538)
(181,257)

Net current liabilities
  
 
 
(139,972)
 
 
(141,145)

Total assets less current liabilities
  
(76,493)
(82,238)

Creditors: amounts falling due after more than one year
 9 
(23,607)
(27,983)

  

Net liabilities
  
(100,100)
(110,221)


Capital and reserves
  

Called up share capital 
  
1
1

Profit and loss account
  
(100,101)
(110,222)

  
(100,100)
(110,221)


Page 1

 
INTRABUILD LTD
REGISTERED NUMBER: 08360753
    
BALANCE SHEET (CONTINUED)
AS AT 30 JUNE 2024

The director considers 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 director acknowledges his 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 15 April 2025.




A Greenway
Director

The notes on pages 3 to 8 form part of these financial statements.

Page 2

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

1.


General information

Intrabuild Ltd is a private company limited by shares, incorporated in England and Wales, United Kingdom. The address of the registered office is Suite D, The Business Centre, Faringdon Avenue, Romford, Essex, RM3 8EN. The company's principal activity is the development and provision of an online live portfolio builder and engagement platform for the construction industry.

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 director continues to support the company while it is establishing itself in the online market. The director has given due consideration to whether the company has sufficient resources to continue in operational existence for a period of 12 months from the approval of the financial statements. The director has not identified a material uncertainty with regard to going concern and therefore continues to adopt the going concern basis of accounting in preparing the financial statements.

 
2.3

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.4

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.5

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

Page 3

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

2.Accounting policies (continued)

 
2.6

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

 
2.7

Pensions

Defined contribution pension plan

The company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance sheet. The assets of the plan are held separately from the company in independently administered funds.

 
2.8

Taxation

Tax is recognised in profit or loss 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 balance sheet date in the countries where the company operates and generates income.


 
2.9

Intangible assets

Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.

 The estimated useful lives range as follows:

Computer software
-
10
years

Page 4

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

2.Accounting policies (continued)

 
2.10

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Office equipment
-
25%
Other fixed assets
-
25%

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.11

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.12

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.13

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.14

Financial instruments

The company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's Balance sheet when the company becomes party to the contractual provisions of the instrument.


3.


Employees

The average monthly number of employees, including directors, during the year was 1 (2023 - 1).

Page 5

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

4.


Intangible assets




Computer software

£



Cost


At 1 July 2023
163,327



At 30 June 2024

163,327



Amortisation


At 1 July 2023
105,532



At 30 June 2024

105,532



Net book value



At 30 June 2024
57,795



At 30 June 2023
57,795

The estimated useful life of the computer software has been changed from 6  to 10 years. As such, no amortisation charge was considered to be necessary for the year (2023 - £32,372). 



Page 6

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

5.


Tangible fixed assets





Office equipment
Other fixed assets
Total

£
£
£



Cost or valuation


At 1 July 2023
2,633
-
2,633


Additions
-
5,172
5,172



At 30 June 2024

2,633
5,172
7,805



Depreciation


At 1 July 2023
1,521
-
1,521


Charge for the year on owned assets
277
323
600



At 30 June 2024

1,798
323
2,121



Net book value



At 30 June 2024
835
4,849
5,684



At 30 June 2023
1,112
-
1,112


6.


Debtors

2024
2023
£
£


Trade debtors
3,625
-

Other debtors
124
252

3,749
252



7.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
26,817
39,860


Page 7

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

8.


Creditors: Amounts falling due within one year

2024
2023
£
£

Bank loans
4,376
4,268

Trade creditors
1,728
1,944

Other creditors
162,923
165,374

Accruals and deferred income
1,511
9,671

170,538
181,257



9.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Bank loans
23,607
27,983



10.


Loans


Analysis of the maturity of loans is given below:


2024
2023
£
£

Amounts falling due within one year

Bank loans
4,376
4,268

Amounts falling due 1-2 years

Bank loans
4,487
4,376

Amounts falling due 2-5 years

Bank loans
14,153
13,804

Amounts falling due after more than 5 years

Bank loans
4,967
9,803

27,983
32,251


The bounce back loan is both interest and repayment free for the first twelve months. After such time the loan is repayable at an interest rate of 2.5%. 

 
Page 8