Registered number
08305880
Intelex Limited
Filleted Accounts
30 November 2024
Intelex Limited
Registered number: 08305880
Balance Sheet
as at 30 November 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 16,391 12,156
Current assets
Debtors 4 52,760 97,307
Cash at bank and in hand 177,800 24,734
230,560 122,041
Creditors: amounts falling due within one year 5 12,514 22,355
Net current assets 243,074 144,396
Total assets less current liabilities 259,465 156,552
Creditors: amounts falling due after more than one year 6 8,700 -
Net assets 268,165 156,552
Capital and reserves
Called up share capital 1 1
Profit and loss account 268,164 156,551
Shareholders' funds 268,165 156,552
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 20 May 2025
Intelex Limited
Notes to the Accounts
for the year ended 30 November 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.
Leased assets
A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership. All other leases are classified as operating leases. The rights of use and obligations under finance leases are initially recognised as assets and liabilities at amounts equal to the fair value of the leased assets or, if lower, the present value of the minimum lease payments. Minimum lease payments are apportioned between the finance charge and the reduction in the outstanding liability using the effective interest rate method. The finance charge is allocated to each period during the lease so as to produce a constant periodic rate of interest on the remaining balance of the liability. Leased assets are depreciated in accordance with the company's policy for tangible fixed assets. If there is no reasonable certainty that ownership will be obtained at the end of the lease term, the asset is depreciated over the lower of the lease term and its useful life. Operating lease payments are recognised as an expense on a straight line basis over the lease term.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 8 11
3 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 December 2023 8,771 79,827 88,598
Additions 583 14,073 14,656
At 30 November 2024 9,354 93,900 103,254
Depreciation
At 1 December 2023 7,843 68,599 76,442
Charge for the year 434 9,987 10,421
At 30 November 2024 8,277 78,586 86,863
Net book value
At 30 November 2024 1,077 15,314 16,391
At 30 November 2023 928 11,228 12,156
4 Debtors 2024 2023
£ £
Trade debtors 69,151 81,676
Other debtors (16,391) 15,631
52,760 97,307
5 Creditors: amounts falling due within one year 2024 2023
£ £
Obligations under finance lease and hire purchase contracts (2,001) 24,335
Trade creditors 18,790 39,478
Amounts owed to group undertakings and undertakings in which the company has a participating interest (311,808) (271,973)
Taxation and social security costs 195,063 88,268
Other creditors 87,442 97,537
(12,514) (22,355)
6 Creditors: amounts falling due after one year 2024 2023
£ £
Other creditors (8,700) -
7 Other information
Intelex 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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