Intack Removals Limited Company accounts

COMPANY REGISTRATION NUMBER: 04980290

Intack Removals Limited

Unaudited Financial Statements

31 December 2024

Intack Removals Limited

Financial Statements

Year ended 31 December 2024

Contents	Page

Director's report	1

Accountants report to the director on the preparation of the unaudited statutory financial statements	2

Statement of income and retained earnings	3

Statement of financial position	4

Notes to the financial statements	5

Intack Removals Limited

Director's Report

Year ended 31 December 2024

The director presents his report and the unaudited financial statements of the company for the year ended 31 December 2024 .

Director

The director who served the company during the year was as follows:

Mr S J Crane

Small company provisions

This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption.

This report was approved by the board of directors on 30 September 2025 and signed on behalf of the board by:

Mr S J Crane
Director

Registered office:

20 King Street

Accrington

Lancashire

BB5 1PR

Intack Removals Limited

Accountants Report to the Director on the Preparation of the Unaudited Statutory Financial Statements of Intack Removals Limited

Year ended 31 December 2024

As described on the statement of financial position, the director of the company is responsible for the preparation of the financial statements for the year ended 31 December 2024, which comprise the statement of income and retained earnings, statement of financial position and the related notes. You consider that the company is exempt from an audit under the Companies Act 2006. In accordance with your instructions we have compiled these financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and from information and explanations supplied to us.

APPLEBYS ACCOUNTANTS Accountants

The Offices 161 Manchester Road Accrington BB5 2NY

30 September 2025

Intack Removals Limited

Statement of Income and Retained Earnings

Year ended 31 December 2024

	2024	2023
Note	£	£
Turnover	50,890	48,222

Cost of sales	4,125	4,850
	--------	--------
Gross profit	46,765	43,372

Administrative expenses	47,358	49,278
	--------	--------
Operating loss	( 593)	( 5,906)

Interest payable and similar expenses		375	375
		--------	--------
Loss before taxation	5	( 968)	( 6,281)

Tax on loss	–	–
	----	-------
Loss for the financial year and total comprehensive income	( 968)	( 6,281)
	----	-------

Retained losses at the start of the year	( 20,288)	( 14,007)
	--------	--------
Retained losses at the end of the year	( 21,256)	( 20,288)
	--------	--------

All the activities of the company are from continuing operations.

Intack Removals Limited

Statement of Financial Position

31 December 2024

	2024		2023
Note	£	£	£

Fixed assets

Tangible assets	6		14,151	18,624

Creditors: amounts falling due within one year	7	35,406		38,911
		--------		--------
Net current liabilities			35,406	38,911
			--------	--------
Total assets less current liabilities			( 21,255)	( 20,287)
			--------	--------
Net liabilities			( 21,255)	( 20,287)
			--------	--------

Capital and reserves

Called up share capital	1	1
Profit and loss account	( 21,256)	( 20,288)
	--------	--------
Shareholders deficit	( 21,255)	( 20,287)
	--------	--------

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

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.

Director's responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;

- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

These financial statements were approved by the board of directors and authorised for issue on 30 September 2025 , and are signed on behalf of the board by:

Mr S J Crane
Director

Company registration number: 04980290

Intack Removals Limited

Notes to the Financial Statements

Year ended 31 December 2024

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 20 King Street, Accrington, Lancashire, BB5 1PR.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Plant and machinery	-	15% reducing balance
Fixtures and fitting	-	15% reducing balance
Motor vehicles	-	25% reducing balance

Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.

Financial instruments

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities. Where the contractual obligations of financial instruments (including share capital) are equivalent to a similar debt instrument, those financial instruments are classed as financial liabilities. Financial liabilities are presented as such in the balance sheet. Finance costs and gains or losses relating to financial liabilities are included in the profit and loss account. Finance costs are calculated so as to produce a constant rate of return on the outstanding liability. Where the contractual terms of share capital do not have any terms meeting the definition of a financial liability then this is classed as an equity instrument. Dividends and distributions relating to equity instruments are debited direct to equity.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 2 (2023: 2 ).

5. Profit before taxation

Profit before taxation is stated after charging:

	2024	2023
	£	£
Depreciation of tangible assets	4,473	5,920
	-------	-------

6. Tangible assets

	Plant and machinery	Fixtures and fittings	Motor vehicles	Total
	£	£	£	£
Cost
At 1 January 2024 and 31 December 2024	3,500	230	64,500	68,230
	-------	----	--------	--------
Depreciation
At 1 January 2024	1,672	225	47,709	49,606
Charge for the year	274	1	4,198	4,473
	-------	----	--------	--------
At 31 December 2024	1,946	226	51,907	54,079
	-------	----	--------	--------
Carrying amount
At 31 December 2024	1,554	4	12,593	14,151
	-------	----	--------	--------
At 31 December 2023	1,828	5	16,791	18,624
	-------	----	--------	--------

7. Creditors: amounts falling due within one year

	2024	2023
	£	£
Bank loans and overdrafts	14,933	18,438
Social security and other taxes	157	157
Other creditors	20,316	20,316
	--------	--------
	35,406	38,911
	--------	--------

8. Related party transactions

The company was under the control of Mr Crane throughout the current and previous year. Mr Crane is the managing director and majority shareholder. No transactions with related parties were undertaken such as are required to be disclosed under FRSSE (2015).