Company Registration No. 7517141 (England and Wales)
INTELITRADE DEVELOPMENTS LTD
Unaudited accounts
for the year ended 31 December 2024
INTELITRADE DEVELOPMENTS LTD
Unaudited accounts
Contents
INTELITRADE DEVELOPMENTS LTD
Company Information
for the year ended 31 December 2024
Director
Ali Hussein SHOUR
Company Number
7517141 (England and Wales)
Registered Office
Suite 15, 2 Station Court
Townmead Road
London
SW6 2PY
Accountants
VSCT Tax Consultancy Ltd
Chartered Certified Accountants and
Tax Advisers
406 Brighton Road
South Croydon
CR2 6AN
INTELITRADE DEVELOPMENTS LTD
Statement of financial position
as at 31 December 2024
Intangible assets
30,000
35,000
Tangible assets
18,477
25,849
Cash at bank and in hand
828,938
57,560
Creditors: amounts falling due within one year
(1,511,599)
(1,464,825)
Net current assets
251,975
361,323
Total assets less current liabilities
300,452
422,172
Creditors: amounts falling due after more than one year
(36,556)
(123,537)
Net assets
263,896
298,635
Called up share capital
1,000
1,000
Profit and loss account
262,896
297,635
Shareholders' funds
263,896
298,635
For the year ending 31 December 2024 the company was entitled to exemption from audit 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 director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 9 June 2025 and were signed on its behalf by
Ali Hussein SHOUR
Director
Company Registration No. 7517141
INTELITRADE DEVELOPMENTS LTD
Notes to the Accounts
for the year ended 31 December 2024
INTELITRADE DEVELOPMENTS LTD is a private company, limited by shares, registered in England and Wales, registration number 7517141. The registered office is Suite 15, 2 Station Court, Townmead Road, London, SW6 2PY.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% on cost
Motor vehicles
25% on cost
Fixtures & fittings
25% on cost
Computer equipment
25% on cost
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
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Intangible fixed assets
Goodwill
At 31 December 2024
100,000
At 31 December 2024
70,000
At 31 December 2024
30,000
At 31 December 2023
35,000
INTELITRADE DEVELOPMENTS LTD
Notes to the Accounts
for the year ended 31 December 2024
5
Tangible fixed assets
Plant & machinery
Motor vehicles
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At cost
At 1 January 2024
3,189
92,800
50,969
22,364
169,322
Additions
-
-
-
4,723
4,723
At 31 December 2024
3,189
92,800
50,969
27,087
174,045
At 1 January 2024
3,189
77,802
42,007
20,475
143,473
Charge for the year
-
8,902
2,138
1,055
12,095
At 31 December 2024
3,189
86,704
44,145
21,530
155,568
At 31 December 2024
-
6,096
6,824
5,557
18,477
At 31 December 2023
-
14,998
8,962
1,889
25,849
Amounts falling due within one year
Trade debtors
85,626
89,321
Other debtors
849,010
879,080
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Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
86,981
86,981
Trade creditors
273,263
202,730
Taxes and social security
359,017
370,367
Other creditors
7,592
21,931
Loans from directors
72,947
241,698
8
Creditors: amounts falling due after more than one year
2024
2023
9
Average number of employees
During the year the average number of employees was 3 (2023: 3).