REGISTERED NUMBER: 12339800 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 December 2024

for

Intaso Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

R O Surry

J A Weekes

REGISTERED OFFICE:

The Officers' Mess

Coldstream Road

Caterham

CR3 5QX

REGISTERED NUMBER:

12339800 (England and Wales)

FIXED ASSETS

Tangible assets

5

7,212

8,758

Investments

6

4,581

22,127

11,793

30,885

CURRENT ASSETS

Debtors

7

209,116

105,845

Cash at bank

92,289

99,800

301,405

205,645

CREDITORS

Amounts falling due within one year

8

234,669

194,539

NET CURRENT ASSETS

66,736

11,106

TOTAL ASSETS LESS CURRENT LIABILITIES

78,529

41,991

CREDITORS

Amounts falling due after more than one year

9

(5,233

)

(15,620

)

PROVISIONS FOR LIABILITIES

(770

)

(1,156

)

NET ASSETS

72,526

25,215

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

72,426

25,115

72,526

25,215

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.

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 17 September 2025 and were signed on its behalf by:

R O Surry - Director

1.	STATUTORY INFORMATION

Intaso Ltd 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 presentation currency of the financial statements is the Pound Sterling (£).

2.	STATEMENT OF COMPLIANCE

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

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements are prepared on a going concern basis, under the historical cost convention.

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated. The Company has adopted Section 1A of FRS 102 in these financial statements.

Related party exemption

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Turnover

Revenue is measured at the fair value of the consideration received or receivable and represents the amount receivable for services rendered, net of value added taxes and discounts and rebates allowed by the Company.

Revenue is recognised on acceptance of a candidate or on the performance of services calculated on a percentage degree of completion basis.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery

-

25% on straight line basis

Fixtures and fittings

-

20% on straight line basis

Computer equipment

-

33% on straight line basis

The assets' residual values and useful lives are reviewed, and adjusted, if appropriate, at the end of each reporting period. The effect of any changes is accounted for prospectively.

Financial instruments

Financial assets

Basic financial assets, including trade and other receivables, cash and bank balances, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Such assets are subsequently carried at amortised cost using the effective interest method.

At the end of each reporting period financial assets measured at amortised cost are assessed for objective evidence of impairment. If an asset is impaired the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the assets original effective interest rate. The impairment loss is recognised in profit or loss.

If there is a decrease in the impairment loss arising from an event occurring after the impairment was recognised the impairment is reversed. The reversal is such that the current carrying amount does not exceed what the carrying amount would have been had the impairment not previously been recognised. The impairment reversal is recognised in profit or loss.

Financial assets are derecognised when (a) the contractual rights to the cash flows from the asset expire or are settled, or (b) substantially all the risks and rewards of the ownership of the asset are transferred to another party or (c) control the asset has been transferred to another party who has the practical ability to unilaterally sell the asset to an unrelated third party without imposing additional restrictions.

Financial liabilities

Basic financial liabilities, including trade and other payables, bank loans and overdrafts and loans from fellow group companies, 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 receipts discounted at a market rate of interest.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade payables are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade payables are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Financial liabilities are derecognised when the liability is extinguished, that is when the contractual obligation is discharged, cancelled or expires.

Taxation

Taxation for the year comprises current and deferred tax recognised in the reporting period. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case tax is also recognised in other comprehensive income or directly in equity respectively.

Current and deferred taxation assets and liabilities are not discounted.

Current tax

Current tax is the amount of income tax payable in respect of the taxable profit for the year or prior years. Tax is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax arises from timing differences that are differences between taxable profit and total comprehensive income as stated in the financial statements. These timing differences arise from the inclusion of income and expenses in tax assessment in periods different from those in which they are recognised in financial statements.

Deferred tax is recognised on all timing differences at the reporting date except for certain exceptions. Unrelieved tax losses and other deferred tax assets are only recognised when 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 tax rates and laws that have been enacted or substantively enacted by the balance sheet date and that are expected to apply to the reversal of the timing difference.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Hire purchase and leasing commitments

Leases that do not transfer all the risks and rewards of ownership are classified as operating leases. Payments under operating leases are charged to the profit and loss account on a straight-line basis over the period of the lease.

Employee benefits

The company provides a range of benefits to employees, including paid holiday arrangements and defined contribution pension plans.

Short term benefits

Short term benefits, including holiday pay and other similar non-monetary benefits, are recognised as an expense in the period in which the service is received.

Defined contribution pension plans

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 obligations are recognised as an expense when they are due. Amounts not paid are shown in accruals in the balance sheet. The assets of the plan are held separately from the company in independently administered funds.

Share capital

Ordinary shares are classified as equity.

Impairment of assets

Assets not measured at fair value are reviewed for any indication that the asset may be impaired at each balance sheet date. If such indication exists, the recoverable amount of the asset, or the asset's cash generating unit, is estimated and compared to the carrying amount. Where the carrying amount exceeds its recoverable amount, an impairment loss is recognised in the profit and loss account.

Investments

Unlisted investments are held at cost less any impairments identified.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 10 (2023 - 12 ) .

5.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Computer

machinery

fittings

equipment

Totals

£

£

£

£

COST

At 1 January 2024

522

5,422

13,335

19,279

Additions

-

375

846

1,221

At 31 December 2024

522

5,797

14,181

20,500

DEPRECIATION

At 1 January 2024

402

463

9,656

10,521

Charge for year

120

290

2,357

2,767

At 31 December 2024

522

753

12,013

13,288

NET BOOK VALUE

At 31 December 2024

-

5,044

2,168

7,212

At 31 December 2023

120

4,959

3,679

8,758

6.	FIXED ASSET INVESTMENTS

Other

investments

£

COST

At 1 January 2024

22,127

Disposals

(17,500

)

Exchange differences

(46

)

At 31 December 2024

4,581

NET BOOK VALUE

At 31 December 2024

4,581

At 31 December 2023

22,127

7.

DEBTORS

2024

2023

£

£

Amounts falling due within one year:

Trade debtors

99,578

33,643

Amounts owed by group undertakings

-

3,884

Other debtors

15,620

10,112

Directors' current accounts

28,960

27,626

Prepayments and accrued income

55,634

30,580

199,792

105,845

Amounts falling due after more than one year:

Other debtors

9,324

-

Aggregate amounts

209,116

105,845

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Bank loans and overdrafts

12,155

10,131

Trade creditors

15,958

53,509

Amounts owed to group undertakings

53,040

-

Tax

21,466

53,654

Social security and other taxes

51,608

35,391

Directors' current accounts

945

990

Accrued expenses

79,497

40,864

234,669

194,539

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024

2023

£

£

Bank loans

5,233

15,620

10.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

2024

2023

£

£

Within one year

30,540

46,020

Between one and five years

48,825

23,010

79,365

69,030

11.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

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

2024

2023

£

£

R O Surry

Balance outstanding at start of year

27,626

48,269

Amounts advanced

1,334

27,626

Amounts repaid

-

(48,269

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

28,960

27,626

Interest is charged on overdrawn directors current accounts in excess of £10,000 at the HM Revenue & Customs' official beneficial loan interest rate. The charge to the profit and loss account in the year totalled £379 (2023 - £1,306).

12.	RELATED PARTY DISCLOSURES

During the year, the company undertook transactions with JSS Search Limited, an associated company. These consisted of sales totalling £88,310 (2023 - £nil) and purchases totalling £38,515 (2023 - £nil). In addition, amounts were included in the balance sheet at the year end consisted of debtors totalling £31,400 (2023 - £nil) and creditors totalling £5,380 (2023 - £nil).

13.	POST BALANCE SHEET EVENTS

Subsequent to the balance sheet date but prior to the preparation of these financial statements, the group became fully owned by JSS Search Limited.