REGISTERED NUMBER: 02841387 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2025

for

Inter-Lec Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

R A Fall

A R Fall

S J Fall

REGISTERED OFFICE:

Holland Hill

Low Road

North Wheatley

Retford

Nottinghamshire

DN22 9DS

REGISTERED NUMBER:

02841387 (England and Wales)

BANKERS:

Lloyds Bank

106 High Street

Scunthorpe

North Lincolnshire

DN15 6HG

SOLICITORS:

Beetenson & Gibbon

25a Northgate

Louth

Lincolnshire

LN11 0LT

FIXED ASSETS

Tangible assets

4

95,256

69,619

CURRENT ASSETS

Stocks

11,635

23,980

Debtors

5

519,858

94,771

Cash at bank and in hand

670,460

370,395

1,201,953

489,146

CREDITORS

Amounts falling due within one year

6

647,849

79,897

NET CURRENT ASSETS

554,104

409,249

TOTAL ASSETS LESS CURRENT LIABILITIES

649,360

478,868

PROVISIONS FOR LIABILITIES

11,299

11,712

NET ASSETS

638,061

467,156

CAPITAL AND RESERVES

Called up share capital

5,000

5,000

Capital redemption reserve

5,000

5,000

Retained earnings

628,061

457,156

SHAREHOLDERS' FUNDS

638,061

467,156

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 13 November 2025 and were signed on its behalf by:

R A Fall - Director

1.	STATUTORY INFORMATION

Inter-Lec 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 (£).

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.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.

Plant and machinery etc

-

25% on cost, 15% on cost and 10% on cost

Stocks

Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

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

4.	TANGIBLE FIXED ASSETS

Improvements

Fixtures

to

and

Motor

property

fittings

vehicles

Totals

£

£

£

£

COST

At 1 April 2024

10,773

28,960

145,956

185,689

Additions

29,659

3,144

22,990

55,793

Disposals

-

(622

)

(18,405

)

(19,027

)

At 31 March 2025

40,432

31,482

150,541

222,455

DEPRECIATION

At 1 April 2024

10,773

21,164

84,133

116,070

Charge for year

989

4,672

24,495

30,156

Eliminated on disposal

-

(622

)

(18,405

)

(19,027

)

At 31 March 2025

11,762

25,214

90,223

127,199

NET BOOK VALUE

At 31 March 2025

28,670

6,268

60,318

95,256

At 31 March 2024

-

7,796

61,823

69,619

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade debtors

507,252

70,276

Other debtors

12,606

24,495

519,858

94,771

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade creditors

125,954

50,944

Taxation and social security

177,820

24,657

Other creditors

344,075

4,296

647,849

79,897

7.	RELATED PARTY DISCLOSURES

The business premises are owned by a SIPP of which Mr R Fall is the sole member. Rent payable to the SIPP in the year amounted to £17,430 (2024 - £17,500) and has been charged to the Income Statement.

8.	ULTIMATE CONTROLLING PARTY

The company is controlled by the director, Mr R A Fall, who owns 100% of the issued share capital.