Caseware UK (AP4) 2024.0.164 2024.0.164 2024-10-312024-10-314The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.2023-11-01falseConstruction of domestic buildings4truetruefalse 09287993 2023-11-01 2024-10-31 09287993 2022-11-01 2023-10-31 09287993 2024-10-31 09287993 2023-10-31 09287993 c:Director1 2023-11-01 2024-10-31 09287993 d:MotorVehicles 2023-11-01 2024-10-31 09287993 d:MotorVehicles 2024-10-31 09287993 d:MotorVehicles 2023-10-31 09287993 d:MotorVehicles d:OwnedOrFreeholdAssets 2023-11-01 2024-10-31 09287993 d:ComputerEquipment 2023-11-01 2024-10-31 09287993 d:ComputerEquipment 2024-10-31 09287993 d:ComputerEquipment 2023-10-31 09287993 d:ComputerEquipment d:OwnedOrFreeholdAssets 2023-11-01 2024-10-31 09287993 d:OwnedOrFreeholdAssets 2023-11-01 2024-10-31 09287993 d:CurrentFinancialInstruments 2024-10-31 09287993 d:CurrentFinancialInstruments 2023-10-31 09287993 d:Non-currentFinancialInstruments 2024-10-31 09287993 d:Non-currentFinancialInstruments 2023-10-31 09287993 d:CurrentFinancialInstruments d:WithinOneYear 2024-10-31 09287993 d:CurrentFinancialInstruments d:WithinOneYear 2023-10-31 09287993 d:Non-currentFinancialInstruments d:AfterOneYear 2024-10-31 09287993 d:Non-currentFinancialInstruments d:AfterOneYear 2023-10-31 09287993 d:ShareCapital 2024-10-31 09287993 d:ShareCapital 2023-10-31 09287993 d:RetainedEarningsAccumulatedLosses 2024-10-31 09287993 d:RetainedEarningsAccumulatedLosses 2023-10-31 09287993 d:AcceleratedTaxDepreciationDeferredTax 2024-10-31 09287993 d:AcceleratedTaxDepreciationDeferredTax 2023-10-31 09287993 c:OrdinaryShareClass1 2023-11-01 2024-10-31 09287993 c:OrdinaryShareClass1 2024-10-31 09287993 c:OrdinaryShareClass1 2023-10-31 09287993 c:FRS102 2023-11-01 2024-10-31 09287993 c:AuditExempt-NoAccountantsReport 2023-11-01 2024-10-31 09287993 c:FullAccounts 2023-11-01 2024-10-31 09287993 c:PrivateLimitedCompanyLtd 2023-11-01 2024-10-31 09287993 2 2023-11-01 2024-10-31 09287993 e:PoundSterling 2023-11-01 2024-10-31 iso4217:GBP xbrli:shares xbrli:pure

Registered number: 09287993









INTI CONSTRUCTION LTD







UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2024

 
INTI CONSTRUCTION LTD
REGISTERED NUMBER: 09287993

BALANCE SHEET
AS AT 31 OCTOBER 2024

2024
2023
Note
£
£

FIXED ASSETS
  

Tangible assets
 4 
14,870
22,457

  
14,870
22,457

CURRENT ASSETS
  

Stocks
 5 
1,738,521
662,652

Debtors: amounts falling due within one year
 6 
20,143
59,953

Cash at bank and in hand
  
5,158
46,529

  
1,763,822
769,134

Creditors: amounts falling due within one year
 7 
(1,738,046)
(541,814)

NET CURRENT ASSETS
  
 
 
25,776
 
 
227,320

TOTAL ASSETS LESS CURRENT LIABILITIES
  
40,646
249,777

Creditors: amounts falling due after more than one year
 8 
(5,833)
(15,833)

PROVISIONS FOR LIABILITIES
  

Deferred tax
 9 
(3,718)
(5,614)

  
 
 
(3,718)
 
 
(5,614)

NET ASSETS
  
31,095
228,330


CAPITAL AND RESERVES
  

Called up share capital 
 10 
10
10

Profit and loss account
  
31,085
228,320

  
31,095
228,330


Page 1

 
INTI CONSTRUCTION LTD
REGISTERED NUMBER: 09287993
    
BALANCE SHEET (CONTINUED)
AS AT 31 OCTOBER 2024

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




Mr J Vargas
Director

Date: 26 June 2025

The notes on pages 3 to 8 form part of these financial statements.

Page 2

 
INTI CONSTRUCTION LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024

1.


GENERAL INFORMATION

IInti Construction Limited is a private company, limited by shares and registered in England and Wales and its registered address is Salisbury House, Station Road, Cambridge CB1 2LA. 
The Company's principal trading address is 41 Highworth Avenue, Cambridge CB4 2BQ.
The Company's functional currency is GBP.

2.ACCOUNTING POLICIES

 
2.1

BASIS OF PREPARATION OF FINANCIAL STATEMENTS

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

  
2.2

TURNOVER

Turnover comprises revenue recognised by the Company in respect of construction projects undertaken during the year, exclusive of Value Added Tax

 
2.3

OPERATING LEASES: THE COMPANY AS LESSEE

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

 
2.4

INTEREST INCOME

Interest income is recognised in profit or loss using the effective interest method.

 
2.5

FINANCE COSTS

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.6

PENSIONS

DEFINED CONTRIBUTION PENSION PLAN

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance Sheet. The assets of the plan are held separately from the Company in independently administered funds.

Page 3

 
INTI CONSTRUCTION LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024

2.ACCOUNTING POLICIES (CONTINUED)

 
2.7

CURRENT AND DEFERRED TAXATION

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


 
2.8

TANGIBLE FIXED ASSETS

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives.

Depreciation is provided on the following basis:

Motor vehicles
-
20%
straight line basis
Computer equipment
-
25%
straight line basis

  
2.9

STOCKS

Stocks comprise work in progress capitalised and carried forward under ongoing construction projects.
At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

Page 4

 
INTI CONSTRUCTION LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024

2.ACCOUNTING POLICIES (CONTINUED)

 
2.10

DEBTORS

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.11

CASH AND CASH EQUIVALENTS

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.12

CREDITORS

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.13

PROVISIONS FOR LIABILITIES

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.
 
Increases in provisions are generally charged as an expense to profit or loss.


3.


EMPLOYEES

The average monthly number of employees, including directors, during the year was 4 (2023 - 4).

Page 5

 
INTI CONSTRUCTION LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024

4.


TANGIBLE FIXED ASSETS





Motor vehicles
Computer equipment
Total

£
£
£



COST OR VALUATION


At 1 November 2023
30,879
9,755
40,634



At 31 October 2024

30,879
9,755
40,634



DEPRECIATION


At 1 November 2023
11,298
6,879
18,177


Charge for the year on owned assets
6,176
1,411
7,587



At 31 October 2024

17,474
8,290
25,764



NET BOOK VALUE



At 31 October 2024
13,405
1,465
14,870



At 31 October 2023
19,581
2,876
22,457


5.


STOCKS

2024
2023
£
£

Work in progress
1,738,521
662,652

1,738,521
662,652



6.


DEBTORS

2024
2023
£
£


Other debtors
19,810
59,461

Prepayments and accrued income
333
492

20,143
59,953


Page 6

 
INTI CONSTRUCTION LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024

7.


CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024
2023
£
£

Bank loans
10,000
10,000

Trade creditors
84,782
57,963

Other creditors
1,521,251
471,021

Accruals and deferred income
122,013
2,830

1,738,046
541,814


Included in bank loans is a Government backed 'Bounce Back' loan of £10,000 (2023 - £10,000),  which was drawn down in May 2020. This loan is 100% guaranteed by the Government and no interest or fee were payable by the Company during the first 12 months. After the 12 month period, interest has been charged at 2.5% per annum.
Other creditors include contributions of £73 (2023 - £433) payable to the Company's defined contribution
pension scheme at the balance sheet date.
Other creditors includes unsecured long term loans of £1,454,000, which bear interest of between 2% and 13%.


8.


CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024
2023
£
£

Bank loans
5,833
15,833

5,833
15,833


Included in bank loans is a Government backed 'Bounce Back' loan of £5,833 (2023 - £15,833), which was drawn down in May 2020. This loan is 100% guaranteed by the Government and no interest or fees were payable by the Company during the first 12 months. After the 12 month period, interest has been charged at 2.5% per annum.

Page 7

 
INTI CONSTRUCTION LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024

9.


DEFERRED TAXATION




2024


£






At beginning of year
(5,614)


Credited to profit or loss
1,896



AT END OF YEAR
(3,718)

The provision for deferred taxation is made up as follows:

2024
2023
£
£


Accelerated capital allowances
(3,718)
(5,614)

(3,718)
(5,614)


10.


SHARE CAPITAL

2024
2023
£
£
ALLOTTED, CALLED UP AND FULLY PAID



10 (2023 - 10) Ordinary shares of £1.00 each
10
10


 
Page 8