Registered number
12718964
Intelex Developments Limited
Filleted Accounts
31 July 2024
Intelex Developments Limited
Registered number: 12718964
Balance Sheet
as at 31 July 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 550,417 561,642
Current assets
Stocks 206,786 -
Debtors 4 24,382 3,138
Cash at bank and in hand 9,572 6,934
240,740 10,072
Creditors: amounts falling due within one year 5 (302,502) (62,286)
Net current liabilities (61,762) (52,214)
Total assets less current liabilities 488,655 509,428
Creditors: amounts falling due after more than one year 6 (522,138) (541,546)
Net liabilities (33,483) (32,118)
Capital and reserves
Called up share capital 200 200
Profit and loss account (33,683) (32,318)
Shareholders' funds (33,483) (32,118)
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
David Roberts
Director
Approved by the board on 25 April 2025
Intelex Developments Limited
Notes to the Accounts
for the year ended 31 July 2024
1 Accounting policies
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Freehold buildings over 50 years
Leasehold land and buildings over the lease term
Plant and machinery over 5 years
Fixtures, fittings, tools and equipment over 5 years
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 0 0
3 Tangible fixed assets
Land and buildings Plant and machinery etc Total
£ £ £
Cost
At 1 August 2023 574,050 11,323 585,373
At 31 July 2024 574,050 11,323 585,373
Depreciation
At 1 August 2023 23,731 - 23,731
Charge for the year 11,225 - 11,225
At 31 July 2024 34,956 - 34,956
Net book value
At 31 July 2024 539,094 11,323 550,417
At 31 July 2023 550,319 11,323 561,642
4 Debtors 2024 2023
£ £
Trade debtors 16,882 3,138
Other debtors 7,500 -
24,382 3,138
5 Creditors: amounts falling due within one year 2024 2023
£ £
Amounts owed to group undertakings and undertakings in which the company has a participating interest 303,650 62,286
Taxation and social security costs (148) -
Other creditors (1,000) -
302,502 62,286
6 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 522,138 541,546
7 Other information
Intelex Developments Limited is a private company limited by shares and incorporated in England. Its registered office is:
5b Roker Terrace
Sunderland
SR6 9NB
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