2024-01-012024-12-312024-12-31false08303918INTELLICOM LIMITED2025-05-14falseiso4217:GBPxbrli:pure083039182024-01-01083039182024-12-31083039182024-01-012024-12-31083039182023-01-01083039182023-12-31083039182023-01-012023-12-3108303918bus:SmallEntities2024-01-012024-12-3108303918bus:AuditExempt-NoAccountantsReport2024-01-012024-12-3108303918bus:AbridgedAccounts2024-01-012024-12-3108303918bus:PrivateLimitedCompanyLtd2024-01-012024-12-3108303918core:WithinOneYear2024-12-3108303918core:AfterOneYear2024-12-3108303918core:WithinOneYear2023-12-3108303918core:AfterOneYear2023-12-3108303918core:ShareCapital2024-12-3108303918core:SharePremium2024-12-3108303918core:RevaluationReserve2024-12-3108303918core:OtherReservesSubtotal2024-12-3108303918core:RetainedEarningsAccumulatedLosses2024-12-3108303918core:ShareCapital2023-12-3108303918core:SharePremium2023-12-3108303918core:RevaluationReserve2023-12-3108303918core:OtherReservesSubtotal2023-12-3108303918core:RetainedEarningsAccumulatedLosses2023-12-3108303918core:LandBuildings2024-12-3108303918core:PlantMachinery2024-12-3108303918core:Vehicles2024-12-3108303918core:FurnitureFittings2024-12-3108303918core:OfficeEquipment2024-12-3108303918core:NetGoodwill2024-12-3108303918core:IntangibleAssetsOtherThanGoodwill2024-12-3108303918core:ListedExchangeTraded2024-12-3108303918core:UnlistedNon-exchangeTraded2024-12-3108303918core:LandBuildings2023-12-3108303918core:PlantMachinery2023-12-3108303918core:Vehicles2023-12-3108303918core:FurnitureFittings2023-12-3108303918core:OfficeEquipment2023-12-3108303918core:NetGoodwill2023-12-3108303918core:IntangibleAssetsOtherThanGoodwill2023-12-3108303918core:ListedExchangeTraded2023-12-3108303918core:UnlistedNon-exchangeTraded2023-12-3108303918core:LandBuildings2024-01-012024-12-3108303918core:PlantMachinery2024-01-012024-12-3108303918core:Vehicles2024-01-012024-12-3108303918core:FurnitureFittings2024-01-012024-12-3108303918core:OfficeEquipment2024-01-012024-12-3108303918core:NetGoodwill2024-01-012024-12-3108303918core:IntangibleAssetsOtherThanGoodwill2024-01-012024-12-3108303918core:ListedExchangeTraded2024-01-012024-12-3108303918core:UnlistedNon-exchangeTraded2024-01-012024-12-3108303918core:MoreThanFiveYears2024-01-012024-12-3108303918core:Non-currentFinancialInstruments2024-12-3108303918core:Non-currentFinancialInstruments2023-12-3108303918dpl:CostSales2024-01-012024-12-3108303918dpl:DistributionCosts2024-01-012024-12-3108303918core:LandBuildings2024-01-012024-12-3108303918core:PlantMachinery2024-01-012024-12-3108303918core:Vehicles2024-01-012024-12-3108303918core:FurnitureFittings2024-01-012024-12-3108303918core:OfficeEquipment2024-01-012024-12-3108303918dpl:AdministrativeExpenses2024-01-012024-12-3108303918core:NetGoodwill2024-01-012024-12-3108303918core:IntangibleAssetsOtherThanGoodwill2024-01-012024-12-3108303918dpl:GroupUndertakings2024-01-012024-12-3108303918dpl:ParticipatingInterests2024-01-012024-12-3108303918dpl:GroupUndertakingscore:ListedExchangeTraded2024-01-012024-12-3108303918core:ListedExchangeTraded2024-01-012024-12-3108303918dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2024-01-012024-12-3108303918core:UnlistedNon-exchangeTraded2024-01-012024-12-3108303918dpl:CostSales2023-01-012023-12-3108303918dpl:DistributionCosts2023-01-012023-12-3108303918core:LandBuildings2023-01-012023-12-3108303918core:PlantMachinery2023-01-012023-12-3108303918core:Vehicles2023-01-012023-12-3108303918core:FurnitureFittings2023-01-012023-12-3108303918core:OfficeEquipment2023-01-012023-12-3108303918dpl:AdministrativeExpenses2023-01-012023-12-3108303918core:NetGoodwill2023-01-012023-12-3108303918core:IntangibleAssetsOtherThanGoodwill2023-01-012023-12-3108303918dpl:GroupUndertakings2023-01-012023-12-3108303918dpl:ParticipatingInterests2023-01-012023-12-3108303918dpl:GroupUndertakingscore:ListedExchangeTraded2023-01-012023-12-3108303918core:ListedExchangeTraded2023-01-012023-12-3108303918dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2023-01-012023-12-3108303918core:UnlistedNon-exchangeTraded2023-01-012023-12-3108303918core:NetGoodwill2024-12-3108303918core:IntangibleAssetsOtherThanGoodwill2024-12-3108303918core:LandBuildings2024-12-3108303918core:PlantMachinery2024-12-3108303918core:Vehicles2024-12-3108303918core:FurnitureFittings2024-12-3108303918core:OfficeEquipment2024-12-3108303918core:AfterOneYear2024-12-3108303918core:WithinOneYear2024-12-3108303918core:ListedExchangeTraded2024-12-3108303918core:UnlistedNon-exchangeTraded2024-12-3108303918core:ShareCapital2024-12-3108303918core:SharePremium2024-12-3108303918core:RevaluationReserve2024-12-3108303918core:OtherReservesSubtotal2024-12-3108303918core:RetainedEarningsAccumulatedLosses2024-12-3108303918core:NetGoodwill2023-12-3108303918core:IntangibleAssetsOtherThanGoodwill2023-12-3108303918core:LandBuildings2023-12-3108303918core:PlantMachinery2023-12-3108303918core:Vehicles2023-12-3108303918core:FurnitureFittings2023-12-3108303918core:OfficeEquipment2023-12-3108303918core:AfterOneYear2023-12-3108303918core:WithinOneYear2023-12-3108303918core:ListedExchangeTraded2023-12-3108303918core:UnlistedNon-exchangeTraded2023-12-3108303918core:ShareCapital2023-12-3108303918core:SharePremium2023-12-3108303918core:RevaluationReserve2023-12-3108303918core:OtherReservesSubtotal2023-12-3108303918core:RetainedEarningsAccumulatedLosses2023-12-3108303918core:NetGoodwill2023-01-0108303918core:IntangibleAssetsOtherThanGoodwill2023-01-0108303918core:LandBuildings2023-01-0108303918core:PlantMachinery2023-01-0108303918core:Vehicles2023-01-0108303918core:FurnitureFittings2023-01-0108303918core:OfficeEquipment2023-01-0108303918core:AfterOneYear2023-01-0108303918core:WithinOneYear2023-01-0108303918core:ListedExchangeTraded2023-01-0108303918core:UnlistedNon-exchangeTraded2023-01-0108303918core:ShareCapital2023-01-0108303918core:SharePremium2023-01-0108303918core:RevaluationReserve2023-01-0108303918core:OtherReservesSubtotal2023-01-0108303918core:RetainedEarningsAccumulatedLosses2023-01-0108303918core:AfterOneYear2024-01-012024-12-3108303918core:WithinOneYear2024-01-012024-12-3108303918core:Non-currentFinancialInstrumentscore:CostValuation2024-01-012024-12-3108303918core:Non-currentFinancialInstrumentscore:AdditionsToInvestments2024-01-012024-12-3108303918core:Non-currentFinancialInstrumentscore:RevaluationsIncreaseDecreaseInInvestments2024-01-012024-12-3108303918core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInInvestments2024-01-012024-12-3108303918core:Non-currentFinancialInstrumentscore:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments2024-01-012024-12-3108303918core:Non-currentFinancialInstrumentscore:ImpairmentLossReversalProvisionsForImpairmentInvestments2024-01-012024-12-3108303918core:Non-currentFinancialInstrumentscore:AcquisitionsIncreaseInProvisionsForImpairmentInvestments2024-01-012024-12-3108303918core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInProvisionsForImpairmentInvestments2024-01-012024-12-3108303918core:Non-currentFinancialInstrumentscore:OtherIncreaseDecreaseInProvisionsForImpairmentInvestments2024-01-012024-12-3108303918core:Non-currentFinancialInstrumentscore:CostValuation2024-12-3108303918core:Non-currentFinancialInstrumentscore:AdditionsToInvestments2024-12-3108303918core:Non-currentFinancialInstrumentscore:RevaluationsIncreaseDecreaseInInvestments2024-12-3108303918core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInInvestments2024-12-3108303918core:Non-currentFinancialInstrumentscore:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments2024-12-3108303918core:Non-currentFinancialInstrumentscore:ImpairmentLossReversalProvisionsForImpairmentInvestments2024-12-3108303918core:Non-currentFinancialInstrumentscore:AcquisitionsIncreaseInProvisionsForImpairmentInvestments2024-12-3108303918core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInProvisionsForImpairmentInvestments2024-12-3108303918core:Non-currentFinancialInstrumentscore:OtherIncreaseDecreaseInProvisionsForImpairmentInvestments2024-12-3108303918core:Non-currentFinancialInstrumentscore:CostValuation2023-12-3108303918core:Non-currentFinancialInstrumentscore:AdditionsToInvestments2023-12-3108303918core:Non-currentFinancialInstrumentscore:RevaluationsIncreaseDecreaseInInvestments2023-12-3108303918core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInInvestments2023-12-3108303918core:Non-currentFinancialInstrumentscore:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments2023-12-3108303918core:Non-currentFinancialInstrumentscore:ImpairmentLossReversalProvisionsForImpairmentInvestments2023-12-3108303918core:Non-currentFinancialInstrumentscore:AcquisitionsIncreaseInProvisionsForImpairmentInvestments2023-12-3108303918core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInProvisionsForImpairmentInvestments2023-12-3108303918core:Non-currentFinancialInstrumentscore:OtherIncreaseDecreaseInProvisionsForImpairmentInvestments2023-12-3108303918bus:Director12024-01-012024-12-31

INTELLICOM LIMITED

Registered Number
08303918
(England and Wales)

Unaudited Financial Statements for the Year ended
31 December 2024

INTELLICOM LIMITED
Company Information
for the year from 1 January 2024 to 31 December 2024

Director

KHOZOUIE ABYANEH, Babak

Registered Address

Grove House
2 Woodberry Grove
London
N12 0DR

Registered Number

08303918 (England and Wales)
INTELLICOM LIMITED
Balance Sheet as at
31 December 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Intangible assets37,7969,745
Tangible assets41,1101,481
8,90611,226
Current assets
Debtors549,24249,398
Cash at bank and on hand53,91932,638
103,16182,036
Creditors amounts falling due within one year6(103,153)(81,303)
Net current assets (liabilities)8733
Total assets less current liabilities8,91411,959
Creditors amounts falling due after one year(1,483)(4,980)
Provisions for liabilities(211)(281)
Net assets7,2206,698
Capital and reserves
Called up share capital100100
Profit and loss account7,1206,598
Shareholders' funds7,2206,698
The financial statements were approved and authorised for issue by the Director on 14 May 2025, and are signed on its behalf by:
KHOZOUIE ABYANEH, Babak
Director
Registered Company No. 08303918
INTELLICOM LIMITED
Notes to the Financial Statements
for the year ended 31 December 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the financial reporting standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Functional and presentation currency
The financial statements are presented in sterling and this is the functional currency of the company.
Going concern
At the balance sheet date, the company's liabilities exceeded its assets. The company has received assurance from the directors that they will continue to give financial support to the company for twelve months from the date of signing these financial statements. On this basis, the directors consider it appropriate to prepare the accounts on a going concern basis. However, should the financial support mentioned above not be forthcoming, the going concern basis used in preparing the company's accounts may be invalid and adjustments would have to be made to reduce the value of assets to the their realisable amount and to provide for any further liabilities which might arise. The accounts do not include any adjustment to the company's assets or liabilities that might be necessary should this basis not continue to be appropriate.
Turnover policy
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.
Revenue from sale of goods
Revenue from the sale of goods is recognised when the company has transferred to the buyer the significant risks and rewards of ownership of the goods, usually when goods are delivered and legal title has passed. Providing the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transition can be measured reliably.
Revenue from rendering of services
Revenue 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.
Employee benefits
Contributions to defined contribution plans are expensed in the period to which they relate.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Current taxation
Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax
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.
Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses. Development costs are being amortised evenly over their estimated useful life of ten years.
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:
2.Average number of employees

20242023
Average number of employees during the year03
3.Intangible assets

Total

£
Cost or valuation
At 01 January 2419,491
At 31 December 2419,491
Amortisation and impairment
At 01 January 249,745
Charge for year1,950
At 31 December 2411,695
Net book value
At 31 December 247,796
At 31 December 239,745
4.Tangible fixed assets

Total

£
Cost or valuation
At 01 January 2412,896
At 31 December 2412,896
Depreciation and impairment
At 01 January 2411,416
Charge for year370
At 31 December 2411,786
Net book value
At 31 December 241,110
At 31 December 231,481
5.Debtors: amounts due within one year

2024

2023

££
Trade debtors / trade receivables44,42132,807
Other debtors4,82116,591
Total49,24249,398
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.
6.Creditors: amounts due within one year

2024

2023

££
Trade creditors / trade payables939519
Bank borrowings and overdrafts3,4995,068
Amounts owed to related parties28,95341,788
Taxation and social security9,39011,715
Other creditors2572,024
Accrued liabilities and deferred income60,11520,189
Total103,15381,303
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.
7.Related party transactions
Included in other creditors is an amount of £28,953 (2023 : £41,788) owed to Fidus House Ltd. This company is related via common majority shareholder.