56 38 Intellica Limited 08915789 false 2024-03-01 2025-02-28 2025-02-28 The principal activity of the company is data management and consultancy. Digita Accounts Production Advanced 6.30.9574.0 true true true 08915789 2024-03-01 2025-02-28 08915789 2025-02-28 08915789 bus:OrdinaryShareClass1 2025-02-28 08915789 core:RetainedEarningsAccumulatedLosses 2025-02-28 08915789 core:ShareCapital 2025-02-28 08915789 core:HirePurchaseContracts core:CurrentFinancialInstruments 2025-02-28 08915789 core:HirePurchaseContracts core:Non-currentFinancialInstruments 2025-02-28 08915789 core:CurrentFinancialInstruments 2025-02-28 08915789 core:CurrentFinancialInstruments core:WithinOneYear 2025-02-28 08915789 core:Non-currentFinancialInstruments 2025-02-28 08915789 core:Non-currentFinancialInstruments core:AfterOneYear 2025-02-28 08915789 core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2025-02-28 08915789 core:FurnitureFittingsToolsEquipment 2025-02-28 08915789 core:MotorVehicles 2025-02-28 08915789 bus:SmallEntities 2024-03-01 2025-02-28 08915789 bus:AuditExemptWithAccountantsReport 2024-03-01 2025-02-28 08915789 bus:FilletedAccounts 2024-03-01 2025-02-28 08915789 bus:SmallCompaniesRegimeForAccounts 2024-03-01 2025-02-28 08915789 bus:RegisteredOffice 2024-03-01 2025-02-28 08915789 bus:Director1 2024-03-01 2025-02-28 08915789 bus:Director3 2024-03-01 2025-02-28 08915789 bus:Director4 2024-03-01 2025-02-28 08915789 bus:OrdinaryShareClass1 2024-03-01 2025-02-28 08915789 bus:PrivateLimitedCompanyLtd 2024-03-01 2025-02-28 08915789 bus:Agent1 2024-03-01 2025-02-28 08915789 core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2024-03-01 2025-02-28 08915789 core:FurnitureFittingsToolsEquipment 2024-03-01 2025-02-28 08915789 core:MotorVehicles 2024-03-01 2025-02-28 08915789 1 2024-03-01 2025-02-28 08915789 countries:AllCountries 2024-03-01 2025-02-28 08915789 2024-02-29 08915789 core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2024-02-29 08915789 core:FurnitureFittingsToolsEquipment 2024-02-29 08915789 core:MotorVehicles 2024-02-29 08915789 2023-03-01 2024-02-29 08915789 2024-02-29 08915789 bus:OrdinaryShareClass1 2024-02-29 08915789 core:RetainedEarningsAccumulatedLosses 2024-02-29 08915789 core:ShareCapital 2024-02-29 08915789 core:HirePurchaseContracts core:CurrentFinancialInstruments 2024-02-29 08915789 core:HirePurchaseContracts core:Non-currentFinancialInstruments 2024-02-29 08915789 core:CurrentFinancialInstruments 2024-02-29 08915789 core:CurrentFinancialInstruments core:WithinOneYear 2024-02-29 08915789 core:Non-currentFinancialInstruments 2024-02-29 08915789 core:Non-currentFinancialInstruments core:AfterOneYear 2024-02-29 08915789 core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2024-02-29 08915789 core:FurnitureFittingsToolsEquipment 2024-02-29 08915789 core:MotorVehicles 2024-02-29 xbrli:pure iso4217:GBP xbrli:shares

Registration number: 08915789

Intellica Limited
Unaudited Filleted Financial Statements
for the Year Ended 28 February 2025

Intellica Limited

Contents

Company Information | 1
Balance Sheet | 2
Notes to the Unaudited Financial Statements | 3 to 8

Intellica Limited

Company Information

Directors | Mr Brendan Doherty Mr Paul Bingham Ms Jenelle De Peza

Registered office | The Royal Liver Building Suite 15-16 Mezzanine Floor Liverpool L3 1HU

Accountants | McKeague Morgan & Company 27 College Gardens Belfast BT9 6BS

Intellica Limited

(Registration number: 08915789)
Balance Sheet as at 28 February 2025

| Note | 2025 £ | 2024 £
Fixed assets |  |  |
Intangible assets | 4 | 533,365 | 200,000
Tangible assets | 5 | 73,160 | 84,104
|  | 606,525 | 284,104
Current assets |  |  |
Debtors | 6 | 2,306,317 | 1,674,560
Cash at bank and in hand |  | 641,512 | 739,927
|  | 2,947,829 | 2,414,487
Creditors: Amounts falling due within one year | 7 | (1,184,902) | (1,302,882)
Net current assets |  | 1,762,927 | 1,111,605
Total assets less current liabilities |  | 2,369,452 | 1,395,709
Creditors: Amounts falling due after more than one year | 7 | (84,054) | (136,159)
Net assets |  | 2,285,398 | 1,259,550
Capital and reserves |  |  |
Called up share capital |  | 2 | 2
Profit and loss account |  | 2,285,396 | 1,259,548
Total equity |  | 2,285,398 | 1,259,550

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

Directors' responsibilities:

• | The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
• | The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 23 October 2025 and signed on its behalf by:

.........................................

Mr Brendan Doherty
Director

Intellica Limited

Notes to the Unaudited Financial Statements for the Year Ended 28 February 2025

1 | General information

The company is a private company limited by share capital, incorporated in the United Kingdom.

The address of its registered office is:
The Royal Liver Building
Suite 15-16 Mezzanine Floor
Liverpool
L3 1HU

These financial statements were authorised for issue by the Board on 23 October 2025.

2 | Accounting policies

Summary of significant accounting policies and key accounting estimates

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.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.
The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Intellica Limited

Notes to the Unaudited Financial Statements for the Year Ended 28 February 2025

2 | Accounting policies (continued)

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class | Depreciation method and rate
Fixtures, fittings and equipment | 20% reducing balance

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class | Amortisation method and rate
Development costs | 33% straight line

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.
Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors 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 the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Intellica Limited

Notes to the Unaudited Financial Statements for the Year Ended 28 February 2025

2 | Accounting policies (continued)

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.
Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.
Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Provisions

Provisions are recognised when the company has an obligation at the reporting date as a result of a past event, it is probable that the company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

Leases

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessee.
Assets held under finance leases are recognised at the lower of their fair value at inception of the lease and the present value of the minimum lease payments. These assets are depreciated on a straight-line basis over the shorter of the useful life of the asset and the lease term. The corresponding liability to the lessor is included in the balance sheet as a finance lease obligation.
Lease payments are apportioned between finance costs in the profit and loss account and reduction of the lease obligation so as to achieve a constant periodic rate of interest on the remaining balance of the liability.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.
Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3 | Staff numbers

The average number of persons employed by the company (including directors) during the year, was 56 (2024 - 38).

Intellica Limited

Notes to the Unaudited Financial Statements for the Year Ended 28 February 2025

4 | Intangible assets

| Internally generated software development costs £ | Total £
Cost or valuation
At 1 March 2024 | 300,000 | 300,000
Additions acquired separately | 650,000 | 650,000
At 28 February 2025 | 950,000 | 950,000
Amortisation
At 1 March 2024 | 100,000 | 100,000
Amortisation charge | 316,635 | 316,635
At 28 February 2025 | 416,635 | 416,635
Carrying amount
At 28 February 2025 | 533,365 | 533,365
At 29 February 2024 | 200,000 | 200,000

5 | Tangible assets

| Furniture, fittings and equipment £ | Motor vehicles £ | Total £
Cost or valuation
At 1 March 2024 | 55,982 | 71,365 | 127,347
Additions | 10,691 | - | 10,691
At 28 February 2025 | 66,673 | 71,365 | 138,038
Depreciation
At 1 March 2024 | 25,402 | 17,841 | 43,243
Charge for the year | 8,254 | 13,381 | 21,635
At 28 February 2025 | 33,656 | 31,222 | 64,878
Carrying amount
At 28 February 2025 | 33,017 | 40,143 | 73,160
At 29 February 2024 | 30,580 | 53,524 | 84,104

Intellica Limited

Notes to the Unaudited Financial Statements for the Year Ended 28 February 2025

5 | Tangible assets (continued)

6 | Debtors

| 2025 £ | 2024 £
Trade debtors | 805,486 | 910,593
Prepayments | 116,392 | 18,763
Other debtors | 1,384,439 | 745,204
| 2,306,317 | 1,674,560

7 | Creditors

| Note | 2025 £ | 2024 £
Due within one year |  |  |
Bank loans and overdrafts | 9 | 41,666 | 41,666
HP and finance lease liabilities |  | 11,039 | 11,039
Trade creditors |  | 335,572 | 206,225
Corporation tax liability |  | - | 218,098
Taxation and social security |  | 259,207 | 245,190
Other creditors |  | 20,937 | 23,705
Loans from directors |  | 65,218 | 87,589
Accruals and deferred income |  | 451,263 | 469,370
|  | 1,184,902 | 1,302,882
Due after one year |  |  |
Loans and borrowings | 9 | 41,667 | 83,333
Obligations under finance leases |  | 42,387 | 52,826
|  | 84,054 | 136,159

8 | Share capital

Allotted, called up and fully paid shares

| 2025 | 2024
| No. | £ | No. | £
Ordinary of £1 each | 2 | 2 | 2 | 2

Intellica Limited

Notes to the Unaudited Financial Statements for the Year Ended 28 February 2025

9 | Loans and borrowings

Current loans and borrowings

| 2025 £ | 2024 £
Bank borrowings | 41,666 | 41,666
Hire purchase contracts | 11,039 | 11,039
| 52,705 | 52,705

Non-current loans and borrowings

| 2025 £ | 2024 £
Bank borrowings | 41,667 | 83,333
Hire purchase contracts | 42,387 | 52,826
| 84,054 | 136,159

10 | Parent and ultimate parent undertaking

The company's immediate parent is Intellica Group Limited, incorporated in England.