IRIS Accounts Production v25.4.0.155 08623113 Board of Directors 1.4.24 31.3.25 31.3.25 false true false false true false Ordinary 1.00000 B Shares 1.00000 iso4217:GBP iso4217:USD iso4217:EUR xbrli:shares xbrli:pure utr:tonnes utr:kWh 08623113 2024-03-31 08623113 2025-03-31 08623113 2024-04-01 2025-03-31 08623113 2023-03-31 08623113 2023-04-01 2024-03-31 08623113 2024-03-31 08623113 ns15:EnglandWales 2024-04-01 2025-03-31 08623113 ns14:PoundSterling 2024-04-01 2025-03-31 08623113 ns10:Director1 2024-04-01 2025-03-31 08623113 ns10:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 08623113 ns10:SmallEntities 2024-04-01 2025-03-31 08623113 ns10:AuditExempt-NoAccountantsReport 2024-04-01 2025-03-31 08623113 ns10:SmallCompaniesRegimeForDirectorsReport 2024-04-01 2025-03-31 08623113 ns10:SmallCompaniesRegimeForAccounts 2024-04-01 2025-03-31 08623113 ns10:FullAccounts 2024-04-01 2025-03-31 08623113 ns10:OrdinaryShareClass1 2024-04-01 2025-03-31 08623113 ns10:OrdinaryShareClass2 2024-04-01 2025-03-31 08623113 ns10:Director2 2024-04-01 2025-03-31 08623113 ns10:Director3 2024-04-01 2025-03-31 08623113 ns10:RegisteredOffice 2024-04-01 2025-03-31 08623113 ns5:CurrentFinancialInstruments 2025-03-31 08623113 ns5:CurrentFinancialInstruments 2024-03-31 08623113 ns5:Non-currentFinancialInstruments 2025-03-31 08623113 ns5:Non-currentFinancialInstruments 2024-03-31 08623113 ns5:ShareCapital 2025-03-31 08623113 ns5:ShareCapital 2024-03-31 08623113 ns5:CapitalRedemptionReserve 2025-03-31 08623113 ns5:CapitalRedemptionReserve 2024-03-31 08623113 ns5:RetainedEarningsAccumulatedLosses 2025-03-31 08623113 ns5:RetainedEarningsAccumulatedLosses 2024-03-31 08623113 ns5:PlantMachinery 2024-03-31 08623113 ns5:FurnitureFittings 2024-03-31 08623113 ns5:MotorVehicles 2024-03-31 08623113 ns5:PlantMachinery 2024-04-01 2025-03-31 08623113 ns5:FurnitureFittings 2024-04-01 2025-03-31 08623113 ns5:MotorVehicles 2024-04-01 2025-03-31 08623113 ns5:PlantMachinery 2025-03-31 08623113 ns5:FurnitureFittings 2025-03-31 08623113 ns5:MotorVehicles 2025-03-31 08623113 ns5:PlantMachinery 2024-03-31 08623113 ns5:FurnitureFittings 2024-03-31 08623113 ns5:MotorVehicles 2024-03-31 08623113 ns5:MotorVehicles ns5:LeasedAssetsHeldAsLessee 2024-03-31 08623113 ns5:MotorVehicles ns5:LeasedAssetsHeldAsLessee 2024-04-01 2025-03-31 08623113 ns5:MotorVehicles ns5:LeasedAssetsHeldAsLessee 2025-03-31 08623113 ns5:MotorVehicles ns5:LeasedAssetsHeldAsLessee 2024-03-31 08623113 ns5:WithinOneYear ns5:CurrentFinancialInstruments 2025-03-31 08623113 ns5:WithinOneYear ns5:CurrentFinancialInstruments 2024-03-31 08623113 ns10:OrdinaryShareClass1 2025-03-31 08623113 ns10:OrdinaryShareClass2 2025-03-31 08623113 ns5:RetainedEarningsAccumulatedLosses 2024-03-31 08623113 ns5:CapitalRedemptionReserve 2024-03-31 08623113 ns5:RetainedEarningsAccumulatedLosses 2024-04-01 2025-03-31

REGISTERED NUMBER: 08623113 (England and Wales)

| Unaudited Financial Statements |

| for the Year Ended 31 March 2025 |

| for |

| Intelect Midlands Limited |

| Intelect Midlands Limited (Registered number: 08623113) |

Contents of the Financial Statements

for the Year Ended 31 March 2025

Page |

| Company Information | 1 |

| Balance Sheet | 2 |

| Notes to the Financial Statements | 3 |

| Intelect Midlands Limited |

Company Information

for the Year Ended 31 March 2025

| DIRECTORS: | F P Cormican

| A G Shaw

| C D Smith

| REGISTERED OFFICE: | Stephenson House

| Intelect Court

| Riverside Park

| Middlesbrough

| TS2 1QT

| REGISTERED NUMBER: | 08623113 (England and Wales)

| ACCOUNTANTS: | Anderson Barrowcliff Limited

| Chartered Accountants

| 3 Kingfisher Court

| Bowesfield Park

| Stockton on Tees

| TS18 3EX

| Intelect Midlands Limited (Registered number: 08623113) |

Balance Sheet

31 March 2025

| 2025 | 2024 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Tangible assets | 4 | 69,148 |  | 87,369 |  |

CURRENT ASSETS

Stocks | 82,262 |  | 82,262 |  |

Debtors | 5 | 1,136,075 |  | 950,968 |  |

Cash at bank and in hand | 12,015 |  | 13,455 |  |

1,230,352 |  | 1,046,685 |  |

CREDITORS

Amounts falling due within one year | 6 | 798,347 |  | 792,275 |  |

NET CURRENT ASSETS | 432,005 |  | 254,410 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 501,153 |  | 341,779 |  |

CREDITORS

Amounts falling due after more than one year | 7 | - |  | (895 | ) |

PROVISIONS FOR LIABILITIES | (15,000 | ) | (19,000 | ) |

NET ASSETS | 486,153 |  | 321,884 |  |

CAPITAL AND RESERVES

Called up share capital | 9 | 541 |  | 541 |  |

Capital redemption reserve | 10 | 459 |  | 459 |  |

Retained earnings | 10 | 485,153 |  | 320,884 |  |

SHAREHOLDERS' FUNDS | 486,153 |  | 321,884 |  |

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 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 17 November 2025 and were signed on its behalf by:

A G Shaw - Director

| Intelect Midlands Limited (Registered number: 08623113) |

Notes to the Financial Statements

for the Year Ended 31 March 2025

1. | STATUTORY INFORMATION

| Intelect Midlands 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.

| The presentation currency of the financial statements is the Pound Sterling (£).

| The place of business is Faraday House, 16 Stanier Road, Cottage Lane Industrial Estate, Broughton Astley, Leicestershire, LE9 6TW.

| The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated,

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.

| Significant judgements and estimates

| In the application of the Company's accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amounts of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

| The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period of the revision, if the revision affects only that period, or in the period of revision and future periods if the revision affects both current and future periods.

| Turnover

| Turnover is measured at the fair value of the consideration received or receivable net of VAT and trade discounts. The policies adopted for the recognition of turnover are as follows:

| Rendering of services

| When the outcome of a transaction can be estimated reliably, turnover from services is recognised by reference to the stage of completion at the balance sheet date. Stage of completion is measured by reference to actual costs compared to expected total costs.

| Where the outcome cannot be measured reliably, turnover is recognised only to the extent of the expenses recognised that are recoverable.

| When it is probable that total contract costs will exceed total contract revenue, the expected loss is recognised as an expense immediately.

| Tangible fixed assets

| Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

| Plant and machinery - 25% reducing balance

| Fixtures and fittings - 25% reducing balance

| Motor Vehicles - 25% reducing balance

| Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

| Impairment

| Assets not measured at fair value are reviewed for any indication that the asset may be impaired at each balance sheet date. If such indication exists, the recoverable amount of the asset, or the asset's cash generating unit, is estimated and compared to the carrying amount. Where the carrying amount exceeds its recoverable amount, an impairment loss is recognised in profit or loss unless the asset is carried at a revalued amount where the impairment loss is a revaluation decrease.

| Intelect Midlands Limited (Registered number: 08623113) |

Notes to the Financial Statements - continued

for the Year Ended 31 March 2025

2. | ACCOUNTING POLICIES - continued

| Stocks

| Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell.

| Taxation

| Current tax represents the amount of tax payable or receivable in respect of the taxable profit (or loss) for the current or past reporting periods. It is measured at the amount expected to be paid or recovered using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

| Deferred tax represents the future tax consequences of transactions and events recognised in the financial statements of current and previous periods. It is recognised in respect of all timing differences, with certain exceptions. Timing differences are differences between taxable profits and total comprehensive income as stated in the financial statements that arise from the inclusion of income and expense in tax assessments in periods different from those in which they are recognised in the financial statements. 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.

| Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date that are expected to apply to the reversal of timing differences.

| Foreign currencies

| Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

| Hire purchase and leasing commitments

| Assets acquired under finance leases are capitalised and depreciated over the shorter of the lease term and the expected useful life of the asset. Minimum lease payments are apportioned between the finance charge and the reduction of the outstanding lease liability using the effective interest method. The related obligations, net of future finance charges, are included in creditors.

| Rentals payable and receivable under operating leases are charged to the profit and loss account on a straight line basis over the period of the lease.

| Employee benefits

| When employees have rendered service to the company, short-term employee benefits to which the employees are entitled are recognised at the undiscounted amount expected to be paid in exchange for that service.

| The company operates a defined contribution plan for the benefit of its employees. Contributions are expensed as they become payable.

| Debtors and creditors receivable / payable within one year

| Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

| Amounts recoverable on contracts

| Amounts recoverable on contracts are stated at cost plus attributable profit to the extent that such profit is reasonably certain and after making provision for any foreseeable losses in completing the contracts, less payments on account received.

| Loans and borrowings

| Loans and borrowings are initially recognised at the transaction price including transaction costs. Subsequently, they are measured at amortised cost using the effective interest rate method, less impairment. If an arrangement constitutes a finance transaction it is measured at present value.

3. | EMPLOYEES AND DIRECTORS

| The average number of employees during the year was 11 (2024 - 12 ) .

| Intelect Midlands Limited (Registered number: 08623113) |

Notes to the Financial Statements - continued

for the Year Ended 31 March 2025

4. | TANGIBLE FIXED ASSETS

| Fixtures |

| Plant and |  | and |  | Motor |

| machinery |  | fittings |  | vehicles |  | Totals

£ | £ | £ | £ |

| COST

| At 1 April 2024 | 44,242 |  | 31,539 |  | 257,352 |  | 333,133 |  |

| Additions | - |  | - |  | 18,974 |  | 18,974 |  |

| At 31 March 2025 | 44,242 |  | 31,539 |  | 276,326 |  | 352,107 |  |

| DEPRECIATION

| At 1 April 2024 | 27,746 |  | 24,302 |  | 193,716 |  | 245,764 |  |

| Charge for year | 4,678 |  | 1,811 |  | 30,706 |  | 37,195 |  |

| At 31 March 2025 | 32,424 |  | 26,113 |  | 224,422 |  | 282,959 |  |

| NET BOOK VALUE

| At 31 March 2025 | 11,818 |  | 5,426 |  | 51,904 |  | 69,148 |  |

| At 31 March 2024 | 16,496 |  | 7,237 |  | 63,636 |  | 87,369 |  |

| Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

| Motor

| vehicles

£ |

| COST

| At 1 April 2024

| and 31 March 2025 | 101,750 |  |

| DEPRECIATION

| At 1 April 2024 | 52,996 |  |

| Charge for year | 25,438 |  |

| At 31 March 2025 | 78,434 |  |

| NET BOOK VALUE

| At 31 March 2025 | 23,316 |  |

| At 31 March 2024 | 48,754 |  |

5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

2025 | 2024 |

£ | £ |

| Trade debtors | 590,807 |  | 628,119 |  |

| Amounts recoverable on contract | 544,611 |  | 307,427 |  |

| Other debtors | - |  | 2,997 |  |

| s455 tax recoverable | 657 |  | 657 |  |

| VAT | - |  | 11,768 |  |

1,136,075 |  | 950,968 |  |

| Intelect Midlands Limited (Registered number: 08623113) |

Notes to the Financial Statements - continued

for the Year Ended 31 March 2025

6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

2025 | 2024 |

£ | £ |

| Other loans | 225,000 |  | 350,000 |  |

| Hire purchase contracts | 895 |  | 13,333 |  |

| Trade creditors | 219,486 |  | 185,606 |  |

| Taxation | 70,000 |  | 29,793 |  |

| Social security and other taxes | 36,727 |  | 32,376 |  |

| VAT | 1,972 |  | - |  |

| Other creditors | 800 |  | - |  |

| Directors' loan accounts | 6,600 |  | 6,324 |  |

| Accruals and deferred income | 236,867 |  | 174,843 |  |

798,347 |  | 792,275 |  |

7. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |

2025 | 2024 |

£ | £ |

| Hire purchase contracts | - |  | 895 |  |

8. | SECURED DEBTS

| The following secured debts are included within creditors:

2025 | 2024 |

£ | £ |

| Hire purchase contracts | 895 |  | 14,228 |  |

| Hire purchase liabilities are secured on the assets to which they relate.

9. | CALLED UP SHARE CAPITAL

| Allotted, issued and fully paid:

| Number: | Class: | Nominal | 2025 | 2024 |

| value: | £ | £ |

| 491 | Ordinary | £1 | 491 |  | 491 |  |

| 50 | B Shares | £1 | 50 |  | 50 |  |

541 |  | 541 |  |

10. | RESERVES

| Capital |

| Retained |  | redemption |

| earnings |  | reserve |  | Totals

£ | £ | £ |

| At 1 April 2024 | 320,884 |  | 459 |  | 321,343 |  |

| Profit for the year | 184,269 |  | 184,269 |  |

| Dividends | (20,000 | ) | (20,000 | ) |

| At 31 March 2025 | 485,153 |  | 459 |  | 485,612 |  |

| Retained earnings

| Retained earnings represents cumulative profits and losses net of dividends and other adjustments.

| Capital redemption reserve

| A statutory, non distributable reserve into which amounts are transferred following redemption on purchase of a company's own shares out of distributable profits.

| Intelect Midlands Limited (Registered number: 08623113) |

Notes to the Financial Statements - continued

for the Year Ended 31 March 2025

11. | OTHER FINANCIAL COMMITMENTS

| Total financial commitments which are not included in the balance sheet amount to £45,000 (2024 - £75,000) relating to amounts payable under operating leases.

12. | RELATED PARTY DISCLOSURE

| A company under common control has the following related party transactions during the year ended 31 March 2025:

| £ |  |

| Trade debtors outstanding as at 31 March 2025 |  | 312,609 |  |

| Trade creditors outstanding as at 31 March 2025 |  | (100,040 | ) |

| Sales in the year to 31 March 2025 |  | 1,241,197 |  |

| Purchases in the year to 31 March 2025 |  | (215,531 | ) |