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REGISTERED NUMBER: 06747582 (England and Wales)









Unaudited Financial Statements

for the Year Ended 31 December 2024

for

INTEGRATED FINANCIAL SOLUTIONS LIMITED

INTEGRATED FINANCIAL SOLUTIONS LIMITED (REGISTERED NUMBER: 06747582)

Contents of the Financial Statements
FOR THE YEAR ENDED 31 DECEMBER 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


INTEGRATED FINANCIAL SOLUTIONS LIMITED

Company Information
FOR THE YEAR ENDED 31 DECEMBER 2024







DIRECTORS: M S Alderson
S D Miller
S A Chisholme





SECRETARY: V R Alderson





REGISTERED OFFICE: The Hayloft
1-2 Pickwick Park
Park Lane
Corsham
Wiltshire
SN13 0HN





REGISTERED NUMBER: 06747582 (England and Wales)





ACCOUNTANTS: Gravita
Chartered Accountants
6-8 Bath Street
Bristol
BS1 6HL

INTEGRATED FINANCIAL SOLUTIONS LIMITED (REGISTERED NUMBER: 06747582)

Balance Sheet
31 DECEMBER 2024

2024 2023
Notes £    £   
FIXED ASSETS
Intangible assets 4 74,049 84,360
Tangible assets 5 34,787 34,659
Investments 6 100 100
108,936 119,119

CURRENT ASSETS
Debtors 7 455,641 291,433
Cash at bank and in hand 682,409 473,592
1,138,050 765,025
CREDITORS
Amounts falling due within one year 8 (347,640 ) (283,130 )
NET CURRENT ASSETS 790,410 481,895
TOTAL ASSETS LESS CURRENT
LIABILITIES

899,346

601,014

CREDITORS
Amounts falling due after more than one
year

9

(4,167

)

(14,167

)

PROVISIONS FOR LIABILITIES (8,661 ) (8,665 )
NET ASSETS 886,518 578,182

CAPITAL AND RESERVES
Called up share capital 10 316 316
Share premium 133,092 133,092
Retained earnings 753,110 444,774
886,518 578,182

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

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

The directors acknowledge their 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.

INTEGRATED FINANCIAL SOLUTIONS LIMITED (REGISTERED NUMBER: 06747582)

Balance Sheet - continued
31 DECEMBER 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 Profit and loss account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 9 July 2025 and were signed on its behalf by:





M S Alderson - Director


INTEGRATED FINANCIAL SOLUTIONS LIMITED (REGISTERED NUMBER: 06747582)

Notes to the Financial Statements
FOR THE YEAR ENDED 31 DECEMBER 2024


1. COMPANY INFORMATION

Integrated Financial 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 company's principal activities and nature of its operations are that of independent financial advisors.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" ("FRS 102") and the requirements of the Companies Act 2006.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared on the historical cost convention. The principal accounting policies adopted are set out below.

Going concern
The financial statements have been prepared on a going concern basis. The directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future.

Preparation of consolidated financial statements
The financial statements contain information about Integrated Financial Solutions Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Turnover
Turnover represents the value of services provided under contracts to the extent that there is a right to consideration and is recorded at the value of the consideration due.

Where a contract has only been partially completed at the balance sheet date turnover represents the value of the service provided to date based on a proportion of the total expected consideration at completion. Where payments are recieved from customers in advance of services provided, the amounts are recorded as deferred income and included as part of creditors due within one year.

Goodwill
Goodwill represents the amount paid in connection with the acquisition of businesses in 2009 and 2014 and in the opinion of the directors relates entirely to the customer lists acquired upon each of the purchases, which are being amortised evenly over their estimated useful life of twenty years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures, fittings & equipment - 15% on reducing balance
IT and website - 33% on cost

INTEGRATED FINANCIAL SOLUTIONS LIMITED (REGISTERED NUMBER: 06747582)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 DECEMBER 2024


2. ACCOUNTING POLICIES - continued

Cash and cash equivalents
Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

Financial instruments
The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS 102 to all of its financial instruments. Financial instruments are recognised when the company becomes party to the contractual provisions of the instrument. Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets, which include trade and other debtors, amounts due from group undertakings and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost. Financial assets are derecognised only when the contractual rights to the cash flows from the asset expire or are settled, or when the company transfers the financial asset and substantially all the risks and rewards of ownership to another entity, or if some significant risks and rewards of ownership are retained but control of the asset has transferred to another party that is able to sell the asset in its entirety to an unrelated third party.

Basic Financial liabilities
Basic financial liabilities, including trade and other creditors and amounts due to group undertakings are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Debt instruments are subsequently carried at amortised cost, using the effective interest rate method. Financial liabilities are derecognised when, and only when, the company's contractual obligations are discharged, cancelled, or they expire.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and loss account, 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.

INTEGRATED FINANCIAL SOLUTIONS LIMITED (REGISTERED NUMBER: 06747582)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 DECEMBER 2024


2. ACCOUNTING POLICIES - continued

Pension costs and other post-retirement benefits
The company pays contributions to an employee's private personal pension plan. Contributions paid by the company to the pension scheme are charged to the profit and loss account in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 17 (2023 - 16 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 January 2024
and 31 December 2024 206,220
AMORTISATION
At 1 January 2024 121,860
Charge for year 10,311
At 31 December 2024 132,171
NET BOOK VALUE
At 31 December 2024 74,049
At 31 December 2023 84,360

5. TANGIBLE FIXED ASSETS
Fixtures,
fittings IT and
& equipment website Totals
£    £    £   
COST
At 1 January 2024 45,619 74,282 119,901
Additions 6,803 8,963 15,766
At 31 December 2024 52,422 83,245 135,667
DEPRECIATION
At 1 January 2024 22,983 62,259 85,242
Charge for year 4,416 11,222 15,638
At 31 December 2024 27,399 73,481 100,880
NET BOOK VALUE
At 31 December 2024 25,023 9,764 34,787
At 31 December 2023 22,636 12,023 34,659

INTEGRATED FINANCIAL SOLUTIONS LIMITED (REGISTERED NUMBER: 06747582)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 DECEMBER 2024


6. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 January 2024
and 31 December 2024 100
NET BOOK VALUE
At 31 December 2024 100
At 31 December 2023 100

The company's investments at the Balance Sheet date in the share capital of companies include the following:

IFS Investments Limited
Registered office: The Hayloft, 1-2 Pickwick Park, Park Lane, Corsham, SN13 0HN
Nature of business: Commercial property management
%
Class of shares: holding
Ordinary 100.00

The investment in IFS Investments Limited is measured at cost less impairment.

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 32,097 5,792
Amounts owed by group undertakings 259,900 259,900
Other debtors 65,952 9,950
Directors' current accounts 93,331 9,970
Prepayments 4,361 5,821
455,641 291,433

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 10,000 10,000
Corporation tax 315,495 249,673
Social security and other taxes 14,411 10,652
Other creditors 3,534 8,845
Accruals and deferred income 4,200 3,960
347,640 283,130

INTEGRATED FINANCIAL SOLUTIONS LIMITED (REGISTERED NUMBER: 06747582)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 DECEMBER 2024


9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans - 1-5 years 4,167 14,167

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £ £
316 A Ordinary 20p 63 63
105 B Ordinary 20p 21 21
60 C Ordinary 20p 12 12
19 D Ordinary 20p 4 4
375 E Ordinary 20p 75 75
125 F Ordinary 20p 25 25
375 G Ordinary 20p 75 75
125 H Ordinary 20p 25 25
59 I Ordinary 20p 12 12
20 J Ordinary 20p 4 4
316 316

11. FINANCIAL COMMITMENTS

Total financial commitments, guarantees and contingencies which are not included in the balance sheet amount to £235,377 (2023: £54,707).

12. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 December 2024 and 31 December 2023:

2024 2023
£    £   
S D Miller
Balance outstanding at start of year - 6,154
Amounts advanced 149,829 -
Amounts repaid (99,629 ) (6,154 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 50,200 -

INTEGRATED FINANCIAL SOLUTIONS LIMITED (REGISTERED NUMBER: 06747582)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 DECEMBER 2024


12. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES - continued

S A Chisholme
Balance outstanding at start of year - 6,149
Amounts advanced 125,458 -
Amounts repaid (82,328 ) (6,149 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 43,130 -

M S Alderson
Balance outstanding at start of year 9,970 6,159
Amounts advanced 91,035 3,811
Amounts repaid (101,005 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - 9,970

The outstanding loan is repayable on demand and interest is charged at HMRC's advisory rate.