IRIS Accounts Production v25.1.0.734 07754385 director 1.9.23 31.8.24 31.8.24 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh077543852023-08-31077543852024-08-31077543852023-09-012024-08-31077543852022-08-31077543852022-09-012023-08-31077543852023-08-3107754385ns15:EnglandWales2023-09-012024-08-3107754385ns14:PoundSterling2023-09-012024-08-3107754385ns10:Director12023-09-012024-08-3107754385ns10:PrivateLimitedCompanyLtd2023-09-012024-08-3107754385ns10:SmallEntities2023-09-012024-08-3107754385ns10:AuditExempt-NoAccountantsReport2023-09-012024-08-3107754385ns10:SmallCompaniesRegimeForDirectorsReport2023-09-012024-08-3107754385ns10:SmallCompaniesRegimeForAccounts2023-09-012024-08-3107754385ns10:FullAccounts2023-09-012024-08-3107754385ns10:RegisteredOffice2023-09-012024-08-3107754385ns5:CurrentFinancialInstruments2024-08-3107754385ns5:CurrentFinancialInstruments2023-08-3107754385ns5:ShareCapital2024-08-3107754385ns5:ShareCapital2023-08-3107754385ns5:RetainedEarningsAccumulatedLosses2024-08-3107754385ns5:RetainedEarningsAccumulatedLosses2023-08-3107754385ns5:FurnitureFittings2023-09-012024-08-3107754385ns5:ComputerEquipment2023-09-012024-08-3107754385ns5:FurnitureFittings2023-08-3107754385ns5:ComputerEquipment2023-08-3107754385ns5:FurnitureFittings2024-08-3107754385ns5:ComputerEquipment2024-08-3107754385ns5:FurnitureFittings2023-08-3107754385ns5:ComputerEquipment2023-08-3107754385ns5:WithinOneYearns5:CurrentFinancialInstruments2024-08-3107754385ns5:WithinOneYearns5:CurrentFinancialInstruments2023-08-31077543851ns10:Director12023-08-31077543851ns10:Director12022-08-31077543851ns10:Director12023-09-012024-08-31077543851ns10:Director12022-09-012023-08-31077543851ns10:Director12024-08-31077543851ns10:Director12023-08-31
REGISTERED NUMBER: 07754385 (England and Wales)











Unaudited Financial Statements

for the Year Ended 31 August 2024

for

Intrinsic Network Solutions Limited

Intrinsic Network Solutions Limited (Registered number: 07754385)






Contents of the Financial Statements
for the Year Ended 31 August 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Intrinsic Network Solutions Limited

Company Information
for the Year Ended 31 August 2024







DIRECTOR: B Hesk BSc (HONS)





REGISTERED OFFICE: Leofric House
Binley Road
Coventry
CV3 1JN





REGISTERED NUMBER: 07754385 (England and Wales)





ACCOUNTANTS: Leigh Christou Ltd
Chartered Certified Accountants
Leofric House
Binley Road
Coventry
CV3 1JN

Intrinsic Network Solutions Limited (Registered number: 07754385)

Balance Sheet
31 August 2024

31.8.24 31.8.23
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 2,119 2,883

CURRENT ASSETS
Debtors 5 13,343 44,748
Cash at bank 940,632 680,837
953,975 725,585
CREDITORS
Amounts falling due within one year 6 128,424 102,550
NET CURRENT ASSETS 825,551 623,035
TOTAL ASSETS LESS CURRENT
LIABILITIES

827,670

625,918

PROVISIONS FOR LIABILITIES 530 721
NET ASSETS 827,140 625,197

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 827,040 625,097
827,140 625,197

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

Intrinsic Network Solutions Limited (Registered number: 07754385)

Balance Sheet - continued
31 August 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 25 February 2025 and were signed by:





B Hesk BSc (HONS) - Director


Intrinsic Network Solutions Limited (Registered number: 07754385)

Notes to the Financial Statements
for the Year Ended 31 August 2024

1. STATUTORY INFORMATION

Intrinsic Network Solutions Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover represents net invoiced software license fee income, support and maintenance, services income and income from the sale of hardware.

Software license fee income and Support and maintenance income is recognised over the period of the license. Services income is recognised in the month the services are performed. Income from the sale of hardware is recognised when the goods are delivered to the customer,

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 15% on reducing balance
Computer equipment - Straight line over 3 years

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

Intrinsic Network Solutions Limited (Registered number: 07754385)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2024

4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 September 2023 2,196 12,776 14,972
Additions - 741 741
At 31 August 2024 2,196 13,517 15,713
DEPRECIATION
At 1 September 2023 1,686 10,403 12,089
Charge for year 77 1,428 1,505
At 31 August 2024 1,763 11,831 13,594
NET BOOK VALUE
At 31 August 2024 433 1,686 2,119
At 31 August 2023 510 2,373 2,883

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£    £   
Trade debtors 9,316 41,415
Other debtors 4,027 3,333
13,343 44,748

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£    £   
Trade creditors 491 1,291
Taxation and social security 91,073 20,310
Other creditors 36,860 80,949
128,424 102,550

7. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 August 2024 and 31 August 2023:

31.8.24 31.8.23
£    £   
B Hesk BSc (HONS)
Balance outstanding at start of year (128 ) (996 )
Amounts advanced 4,587 4,681
Amounts repaid (4,489 ) (3,813 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (30 ) (128 )

Intrinsic Network Solutions Limited (Registered number: 07754385)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2024

7. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES - continued

Included within other creditors is the above amount owed to the director by the company. This is interest free and has no set terms of repayment.

8. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is B Hesk BSc (HONS).