REGISTERED NUMBER: 03617063 (England and Wales)

INTERTECHNIC U.K. LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTORS:

Mr P R Nunn

Mr S R Mennell

Mrs H Nunn

SECRETARY:

Mrs H Nunn

REGISTERED OFFICE:

Road Beta

Off Brooks Lane

Middlewich

Cheshire

CW10 0QF

REGISTERED NUMBER:

03617063 (England and Wales)

ACCOUNTANTS:

Duncan and Toplis Limited

Pinnacle House

1 Pinnacle Way,

Derby

Derbyshire

DE24 8ZS

FIXED ASSETS

Intangible assets

4

700,000

800,000

Property, plant and equipment

5

33,939

43,851

733,939

843,851

CURRENT ASSETS

Inventories

102,834

144,679

Debtors

6

1,725,231

1,860,044

Cash at bank

17,346

123,692

1,845,411

2,128,415

CREDITORS

Amounts falling due within one year

7

2,104,922

2,573,657

NET CURRENT LIABILITIES

(259,511

)

(445,242

)

TOTAL ASSETS LESS CURRENT LIABILITIES

474,428

398,609

CREDITORS

Amounts falling due after more than one year

8

-

29,661

NET ASSETS

474,428

368,948

CAPITAL AND RESERVES

Called up share capital

9

215

215

Retained earnings

474,213

368,733

SHAREHOLDERS' FUNDS

474,428

368,948

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 29 September 2025 and were signed on its behalf by:

Mr P R Nunn - Director

1.	STATUTORY INFORMATION

Intertechnic U.K. 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.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

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. The financial statements have been prepared under the historical cost convention.

Turnover

Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill

Goodwill was transferred from Intertechnic Associates LLP on 31 December 2019. Goodwill is being amortised over its estimated useful working life of twelve years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Improvements to property

-

15% on reducing balance

Plant and machinery

-

20% on reducing balance

Fixtures and fittings

-

15% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

33% on reducing balance

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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

Pension costs and other post-retirement benefits

Pension contributions are made to directors' and employees' personal pension plans. Contributions payable for the year are charged to the profit and loss account.

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

1,200,000

AMORTISATION

At 1 January 2024

400,000

Charge for year

100,000

At 31 December 2024

500,000

NET BOOK VALUE

At 31 December 2024

700,000

At 31 December 2023

800,000

5.	PROPERTY, PLANT AND EQUIPMENT

Improvements

Fixtures

to

Plant and

and

property

machinery

fittings

£

£

£

COST

At 1 January 2024

and 31 December 2024

5,215

32,244

2,810

DEPRECIATION

At 1 January 2024

2,492

18,514

1,342

Charge for year

408

2,746

220

At 31 December 2024

2,900

21,260

1,562

NET BOOK VALUE

At 31 December 2024

2,315

10,984

1,248

At 31 December 2023

2,723

13,730

1,468

Motor

Computer

vehicles

equipment

Totals

£

£

£

COST

At 1 January 2024

and 31 December 2024

61,788

3,449

105,506

DEPRECIATION

At 1 January 2024

36,553

2,754

61,655

Charge for year

6,309

229

9,912

At 31 December 2024

42,862

2,983

71,567

NET BOOK VALUE

At 31 December 2024

18,926

466

33,939

At 31 December 2023

25,235

695

43,851

The net book value of property, plant and equipment includes £ 18,926 (2023 - £ 25,235 ) in respect of assets held under hire purchase contracts.

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

700,970

608,668

Other debtors

116,438

(1,671

)

Factor account

-

293,622

Directors' current accounts

883,999

945,625

Prepayments and accrued income

23,824

13,800

1,725,231

1,860,044

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Bank loans and overdrafts

43,779

-

Hire purchase contracts

26,784

4,486

Trade creditors

757,264

934,105

Tax

195,589

265,205

Social security and other taxes

25,522

17,140

VAT

215,556

210,484

Other creditors

301,501

375,041

Factor account

256,613

-

Amounts due to connected companies

85,615

108,321

Directors' current accounts

-

82,955

Accruals and deferred income

196,699

575,920

2,104,922

2,573,657

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024

2023

£

£

Hire purchase contracts

-

29,661

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2024

2023

value:

£

£

200

Ordinary

£1

200

200

15

Ordinary B

£1

15

15

215

215

10.	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

£

£

Mr P R Nunn

Balance outstanding at start of year

945,625

598,569

Amounts advanced

307,529

708,956

Amounts repaid

(403,423

)

(361,900

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

849,731

945,625

Mr S R Mennell

Balance outstanding at start of year

-

-

Amounts advanced

55,950

-

Amounts repaid

(22,412

)

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

33,538

-

Interest was charged on the overdrawn balance at H M Revenue & Customs official rate of interest of 2.00% per annum to 5 April 2023 and at 2.25% thereafter. The overdrawn balance was cleared within nine months of the year end.

11.	RELATED PARTY DISCLOSURES

Intertechnic U.K. Limited is a corporate partner of an LLP, a partnership in which the directors are members. At the end of the year, the company owed a balance of £nil (2023: £1,671 owed to the company).