INTELLIGENT ASSET SOLUTIONS LIMITED

Company Registration Number:
06909166 (England and Wales)

Unaudited abridged accounts for the year ended 31 July 2024

Period of accounts

Start date: 01 August 2023

End date: 31 July 2024

INTELLIGENT ASSET SOLUTIONS LIMITED

Contents of the Financial Statements

for the Period Ended 31 July 2024

Balance sheet
Notes

INTELLIGENT ASSET SOLUTIONS LIMITED

Balance sheet

As at 31 July 2024


Notes

2024

2023


£

£
Fixed assets
Intangible assets: 3 11,000 0
Tangible assets: 4 10,138 4,374
Investments: 5 57,288 57,288
Total fixed assets: 78,426 61,662
Current assets
Stocks: 349,151 346,829
Debtors:   86,710 73,531
Cash at bank and in hand: 529,692 535,791
Total current assets: 965,553 956,151
Creditors: amounts falling due within one year:   (155,299) (169,948)
Net current assets (liabilities): 810,254 786,203
Total assets less current liabilities: 888,680 847,865
Total net assets (liabilities): 888,680 847,865
Capital and reserves
Called up share capital: 2 2
Profit and loss account: 888,678 847,863
Shareholders funds: 888,680 847,865

The notes form part of these financial statements

INTELLIGENT ASSET SOLUTIONS LIMITED

Balance sheet statements

For the year ending 31 July 2024 the company was entitled to exemption 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.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 29 April 2025
and signed on behalf of the board by:

Name: Gerard Gornall
Status: Director

The notes form part of these financial statements

INTELLIGENT ASSET SOLUTIONS LIMITED

Notes to the Financial Statements

for the Period Ended 31 July 2024

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Turnover policy

Turnover - comprises revenue in respect of goods and services supplied during the year, excluding VAT and trade discounts. 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 when the goods are dispatched to the customer.

Tangible fixed assets and depreciation policy

Depreciation - is calculated on a straight-line basis, to allocate the cost less estimated residual value of tangible fixed assets, other than freehold land which is not depreciated, over their expected useful lives at the following rates: - Computer equipment is depreciated at an annual rate of 25.00{} percent - Freehold buildings are depreciated at an annual rate of 0.00 percent - Equipment and tools are depreciated at an annual rate of 25.00 percent - Motor vehicles are depreciated at an annual rate of 25.00 percent - Fixtures and fittings are depreciated at an annual rate of 25.00 percent

INTELLIGENT ASSET SOLUTIONS LIMITED

Notes to the Financial Statements

for the Period Ended 31 July 2024

2. Employees

2024 2023
Average number of employees during the period 7 6

INTELLIGENT ASSET SOLUTIONS LIMITED

Notes to the Financial Statements

for the Period Ended 31 July 2024

3. Intangible Assets

Total
Cost £
At 01 August 2023 0
Additions 11,000
At 31 July 2024 11,000
Net book value
At 31 July 2024 11,000
At 31 July 2023 0

INTELLIGENT ASSET SOLUTIONS LIMITED

Notes to the Financial Statements

for the Period Ended 31 July 2024

4. Tangible Assets

Total
Cost £
At 01 August 2023 8,281
Additions 10,347
At 31 July 2024 18,628
Depreciation
At 01 August 2023 3,907
Charge for year 4,583
At 31 July 2024 8,490
Net book value
At 31 July 2024 10,138
At 31 July 2023 4,374

INTELLIGENT ASSET SOLUTIONS LIMITED

Notes to the Financial Statements

for the Period Ended 31 July 2024

5. Fixed investments

Investments are included in the balance sheet at cost less any provision for impairment. The Company assess investments for impairment whenever events or changes in circumstances indicate that the carrying value of an investment may not be recoverable. If such an indication of impairment exists, the Company makes an estimate of the recoverable amount of the investment. If the recoverable amount is less than the value of the investment, the investment is written down to the recoverable amount. An impairment loss is recognised immediately in the profit and loss account. If the impairment is not considered to be a permanent diminution in value it may reverse in a future period to the extent that it is no longer considered necessary.