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Company Registration No. 03474520 (England and Wales)
Intelligent Firmware Limited Unaudited accounts for the year ended 31 December 2024
Intelligent Firmware Limited Unaudited accounts Contents
Page
Company information
3
Accountants' report
4
Statement of financial position
5
Notes to the accounts
6
- 2 -
Intelligent Firmware Limited Company Information for the year ended 31 December 2024
Director
Michael Krech
Secretary
Bonnie Souter
Company Number
03474520 (England and Wales)
Registered Office
T03 THE ATKINS BUILDING LOWER BOND STREET HINCKLEY LEICESTERSHIRE LE10 1QU
Accountants
A R BUSINESS CONSULTANCY LTD 62 Polwell Lane Barton Seagrave Kettering Northamptonshire NN15 6UB
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Chartered Management Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of Intelligent Firmware Limited for the year ended 31 December 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Intelligent Firmware Limited for the year ended 31 December 2024 which comprise of the Profit and Loss Account, the Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.
As a CIMA Registered Member in Practice and Practising Certificate holder, I am subject to its ethical and other professional requirements which are detailed at https://www.cimaglobal.com/Members/Your-Membership-Information/Members-handbook/Licensing-and-monitoring/Members-in-practice/
Our work has been undertaken in accordance with the requirements of the Chartered Institute of Management Accountants as detailed at http://www.cimaglobal.com.
A R BUSINESS CONSULTANCY LTD Member in Practice 62 Polwell Lane Barton Seagrave Kettering Northamptonshire NN15 6UB 31 August 2025
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Intelligent Firmware Limited Statement of financial position as at 31 December 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
4
1,758 
2,315 
Current assets
Debtors
5
60,000 
86,943 
Cash at bank and in hand
897,280 
831,231 
957,280 
918,174 
Creditors: amounts falling due within one year
6
(224,198)
(195,293)
Net current assets
733,082 
722,881 
Net assets
734,840 
725,196 
Capital and reserves
Called up share capital
251 
251 
Profit and loss account
734,589 
724,945 
Shareholders' funds
734,840 
725,196 
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 31 August 2025 and were signed on its behalf by
Michael Krech Director Company Registration No. 03474520
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Intelligent Firmware Limited Notes to the Accounts for the year ended 31 December 2024
1
Statutory information
Intelligent Firmware Limited is a private company, limited by shares, registered in England and Wales, registration number 03474520. The registered office is T03 THE ATKINS BUILDING, LOWER BOND STREET, HINCKLEY, LEICESTERSHIRE, LE10 1QU.
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
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
Over 3 years
4
Tangible fixed assets
Plant & machinery 
Computer equipment 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 January 2024
2,071 
27,048 
29,119 
At 31 December 2024
2,071 
27,048 
29,119 
Depreciation
At 1 January 2024
1,206 
25,598 
26,804 
Charge for the year
380 
177 
557 
At 31 December 2024
1,586 
25,775 
27,361 
Net book value
At 31 December 2024
485 
1,273 
1,758 
At 31 December 2023
865 
1,450 
2,315 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Accrued income and prepayments
- 
334 
Other debtors
60,000 
86,609 
60,000 
86,943 
- 6 -
Intelligent Firmware Limited Notes to the Accounts for the year ended 31 December 2024
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
VAT
44,415 
40,404 
Taxes and social security
175,907 
151,432 
Loans from directors
3,067 
2,907 
Accruals
809 
550 
224,198 
195,293 
Bank loans relates to credit card balance.
7
Average number of employees
During the year the average number of employees was 0 (2023: 0).
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