Intelligence Software Ltd iXBRL

Company Registration Number: NI053852

Intelligence Software Ltd

Abridged Unaudited Financial Statements

for the financial year ended 28 February 2025

Intelligence Software Ltd

DIRECTORS AND OTHER INFORMATION


Directors	Mr. Shane McCusker
	Dr. Eileen McGloin


Company Secretary	Mr. Shane McCusker


Company Registration Number	NI053852


Registered Office and Business Address	81 Old Holywood Road
	Belfast
	Antrim
	BT4 2HL
	Northern Ireland


Accountants	Muldoon
	16 Mount Charles
	Belfast
	BT7 1NZ

Intelligence Software Ltd

Company Registration Number: NI053852

ABRIDGED BALANCE SHEET

as at 28 February 2025

		2025	2024
	Notes	£	£

Fixed Assets

Tangible assets

24,921

3,349

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Current Assets

Debtors

592,851

605,845

Cash and cash equivalents

225,358

195,543

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818,209

801,388

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Creditors: amounts falling due within one year

(194,437)

(245,888)

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Net Current Assets

623,772

555,500

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Total Assets less Current Liabilities

648,693

558,849

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Capital and Reserves

Called up share capital

Retained earnings

648,691

558,847

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Equity attributable to owners of the company

648,693

558,849

═════════

The financial statements have been prepared 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).

All of the members have consented to the preparation of abridged accounts in accordance with section 444(2A) of the Companies Act 2006.

The company has taken advantage of the exemption under section 444 not to file the Abridged Profit and Loss Account and Directors' Report.

For the financial year ended 28 February 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006.

The directors confirm that the members have not required the company to obtain an audit of its financial statements for the financial year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for ensuring that the company keeps accounting records which comply with section 386 and for preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of the financial year and of its profit and loss for the 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.

Approved by the Board and authorised for issue on 1 October 2025 and signed on its behalf by




________________________________
Mr. Shane McCusker
Director

Intelligence Software Ltd

NOTES TO THE ABRIDGED FINANCIAL STATEMENTS

for the financial year ended 28 February 2025

General Information

Intelligence Software Ltd is a company limited by shares incorporated in Northern Ireland. The registered office of the company is 81 Old Holywood Road, Belfast, BT4 2HL which is also the principal place of business of the company. The nature of the company's operations and its principal activities are set out in the Directors' Report. The financial statements have been presented in Pound (£) which is also the functional currency of the company.

Summary of Significant Accounting Policies

The following accounting policies have been applied consistently in dealing with items which are considered material in relation to the company's financial statements.

Statement of compliance

The financial statements of the company for the year ended 28 February 2025 have been prepared in accordance with the provisions of FRS 102 Section 1A (Small Entities) and the Companies Act 2006.

Basis of preparation

The financial statements have been prepared on the going concern basis and in accordance with the historical cost convention except for certain properties and financial instruments that are measured at revalued amounts or fair values, as explained in the accounting policies below. Historical cost is generally based on the fair value of the consideration given in exchange for assets.

Turnover

Turnover comprises the invoice value of goods supplied by the company, exclusive of trade discounts and value added tax.

Tangible assets and depreciation

Tangible assets are stated at cost or at valuation, less accumulated depreciation. The charge to depreciation is calculated to write off the original cost or valuation of tangible assets, less their estimated residual value, over their expected useful lives as follows:

Plant and machinery

15% Reducing Balance

Motor vehicles

25% Straight line

The carrying values of tangible fixed assets are reviewed annually for impairment in periods if events or changes in circumstances indicate the carrying value may not be recoverable.

Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.

Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.

Employee benefits

The company operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the company in an independently administered fund.

Taxation and deferred taxation

Current tax represents the amount expected to be paid or recovered in respect of taxable profits for the financial year and is calculated using the tax rates and laws that have been enacted or substantially enacted at the Balance Sheet date.

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date where transactions or events have occurred at that date that will result in an obligation to pay more tax in the future, or a right to pay less tax in the future. Timing differences are temporary differences between the company's taxable profits and its results as stated in the financial statements.

Deferred tax is measured on an undiscounted basis at the tax rates that are anticipated to apply in the periods in which the timing differences are expected to reverse, based on tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Foreign currencies

Monetary assets and liabilities denominated in foreign currencies are translated at the rates of exchange ruling at the Balance Sheet date. Non-monetary items that are measured in terms of historical cost in a foreign currency are translated at the rates of exchange ruling at the date of the transaction. Non-monetary items that are measured at fair value in a foreign currency are translated using the exchange rates at the date when the fair value was determined. The resulting exchange differences are dealt with in the Profit and Loss Account.

Ordinary share capital

The ordinary share capital of the company is presented as equity.


3.	Employees

		2025	2024
		Number	Number

	Directors	2	2
		═════════	═════════


4.	Tangible assets
		Plant and	Motor	Total
		machinery	vehicles

		£	£	£
	Cost
	At 1 March 2024	10,131	-	10,131
	Additions	868	26,800	27,668
		─────────	─────────	─────────
	At 28 February 2025	10,999	26,800	37,799
		─────────	─────────	─────────
	Depreciation
	At 1 March 2024	6,782	-	6,782
	Charge for the financial year	513	5,583	6,096
		─────────	─────────	─────────
	At 28 February 2025	7,295	5,583	12,878
		─────────	─────────	─────────
	Net book value
	At 28 February 2025	3,704	21,217	24,921
		═════════	═════════	═════════
	At 29 February 2024	3,349	-	3,349
		═════════	═════════	═════════

Controlling interest

The company was under the control of the directors in the current period. Both directors hold 50% of the share capital in the company.

Post-Balance Sheet Events

There have been no significant events affecting the company since the financial year-end.