Registration number: 08915789

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.