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Company Registration No. 10790565 (England and Wales)
Intelex Vision Ltd Unaudited accounts for the year ended 31 December 2024
Intelex Vision Ltd Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
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Intelex Vision Ltd Company Information for the year ended 31 December 2024
Directors
Callum Wilson Michael Vorstman Nico Goulet Wright
Company Number
10790565 (England and Wales)
Registered Office
Admirals Offices Main Gate Road The Historic Dockyard Chatham Kent ME4 4TZ England
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Intelex Vision Ltd Statement of financial position as at 31 December 2024
2024
2023
Notes
£
£
Fixed assets
Intangible assets
4
1,409,352
1,385,555
Tangible assets
5
3,871
1,311
Investments
6
2,561
2,561
1,415,784
1,389,427
Current assets
Debtors
7
4,881,846
2,521,979
Cash at bank and in hand
2,598,227
506,098
7,480,073
3,028,077
Creditors: amounts falling due within one year
8
(3,960,740)
(3,901,577)
Net current assets/(liabilities)
3,519,333
(873,500)
Total assets less current liabilities
4,935,117
515,927
Creditors: amounts falling due after more than one year
9
(53,333)
(183,333)
Net assets
4,881,784
332,594
Capital and reserves
Called up share capital
10
11,415
6,610
Share premium
12,063,048
6,110,873
Profit and loss account
(7,192,679)
(5,784,889)
Shareholders' funds
4,881,784
332,594
For the year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 22 October 2025 and were signed on its behalf by
Michael Vorstman Director Company Registration No. 10790565
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Intelex Vision Ltd Notes to the Accounts for the year ended 31 December 2024
1
Statutory information
Intelex Vision Ltd is a private company, limited by shares, registered in England and Wales, registration number 10790565. The registered office is Admirals Offices, Main Gate Road, The Historic Dockyard, Chatham, Kent, ME4 4TZ, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Computer equipment
33% straight line
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation. These are amortised over 7 years on a straight line basis.
Foreign exchange
Monetary 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 rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
Investments
The company owns 100% of Intelex Vision Australia Pty Ltd and 100% of Intelex Vision Solutions SLP and these entities are not consolidated within the accounts.
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Intelex Vision Ltd Notes to the Accounts for the year ended 31 December 2024
4
Intangible fixed assets
Other
£
Cost
At 1 January 2024
3,209,216
Additions
516,010
At 31 December 2024
3,725,226
Amortisation
At 1 January 2024
1,823,661
Charge for the year
492,213
At 31 December 2024
2,315,874
Net book value
At 31 December 2024
1,409,352
At 31 December 2023
1,385,555
5
Tangible fixed assets
Computer equipment
£
Cost or valuation
At cost
At 1 January 2024
10,840
Additions
5,365
At 31 December 2024
16,205
Depreciation
At 1 January 2024
9,529
Charge for the year
2,805
At 31 December 2024
12,334
Net book value
At 31 December 2024
3,871
At 31 December 2023
1,311
6
Investments
Subsidiary undertakings
£
Valuation at 1 January 2024
2,561
Valuation at 31 December 2024
2,561
7
Debtors
2024
2023
£
£
Amounts falling due within one year
VAT
17,106
16,256
Trade debtors
4,717,301
2,129,692
Amounts due from group undertakings etc.
124,044
375,281
Other debtors
23,395
750
4,881,846
2,521,979
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Intelex Vision Ltd Notes to the Accounts for the year ended 31 December 2024
8
Creditors: amounts falling due within one year
2024
2023
£
£
Trade creditors
1,362,595
989,119
Taxes and social security
23,977
-
Other creditors
1,044,938
2,032,266
Loans from directors
-
15,000
Accruals
483,809
212,339
Deferred income
1,045,421
652,853
3,960,740
3,901,577
9
Creditors: amounts falling due after more than one year
2024
2023
£
£
Bank loans
53,333
183,333
10
Share capital
2024
2023
£
£
Allotted, called up and fully paid:
11,415 Ordinary shares of £1 each
11,415
6,610
Shares issued during the period:
4,805 Ordinary shares of £1 each
4,805
11
Average number of employees
During the year the average number of employees was 1 (2023: 1).
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