IRIS Accounts Production v25.4.0.155 07490636 Board of Directors 1.4.24 31.3.25 31.3.25 false true false false true false Ordinary 1.00000 Ordinary 'B' 1.00000 iso4217:GBP iso4217:USD iso4217:EUR xbrli:shares xbrli:pure utr:tonnes utr:kWh 07490636 2024-03-31 07490636 2025-03-31 07490636 2024-04-01 2025-03-31 07490636 2023-03-31 07490636 2023-04-01 2024-03-31 07490636 2024-03-31 07490636 ns15:EnglandWales 2024-04-01 2025-03-31 07490636 ns14:PoundSterling 2024-04-01 2025-03-31 07490636 ns10:Director1 2024-04-01 2025-03-31 07490636 ns10:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 07490636 ns10:SmallEntities 2024-04-01 2025-03-31 07490636 ns10:AuditExempt-NoAccountantsReport 2024-04-01 2025-03-31 07490636 ns10:SmallCompaniesRegimeForDirectorsReport 2024-04-01 2025-03-31 07490636 ns10:SmallCompaniesRegimeForAccounts 2024-04-01 2025-03-31 07490636 ns10:FullAccounts 2024-04-01 2025-03-31 07490636 ns10:OrdinaryShareClass1 2024-04-01 2025-03-31 07490636 ns10:OrdinaryShareClass2 2024-04-01 2025-03-31 07490636 ns10:Director2 2024-04-01 2025-03-31 07490636 ns10:Director3 2024-04-01 2025-03-31 07490636 ns10:RegisteredOffice 2024-04-01 2025-03-31 07490636 ns5:CurrentFinancialInstruments 2025-03-31 07490636 ns5:CurrentFinancialInstruments 2024-03-31 07490636 ns5:ShareCapital 2025-03-31 07490636 ns5:ShareCapital 2024-03-31 07490636 ns5:CapitalRedemptionReserve 2025-03-31 07490636 ns5:CapitalRedemptionReserve 2024-03-31 07490636 ns5:RetainedEarningsAccumulatedLosses 2025-03-31 07490636 ns5:RetainedEarningsAccumulatedLosses 2024-03-31 07490636 ns5:LeaseholdImprovements 2024-04-01 2025-03-31 07490636 ns5:PlantMachinery 2024-04-01 2025-03-31 07490636 ns5:MotorVehicles 2024-04-01 2025-03-31 07490636 ns5:LeaseholdImprovements 2024-03-31 07490636 ns5:PlantMachinery 2024-03-31 07490636 ns5:MotorVehicles 2024-03-31 07490636 ns5:LeaseholdImprovements 2025-03-31 07490636 ns5:PlantMachinery 2025-03-31 07490636 ns5:MotorVehicles 2025-03-31 07490636 ns5:LeaseholdImprovements 2024-03-31 07490636 ns5:PlantMachinery 2024-03-31 07490636 ns5:MotorVehicles 2024-03-31 07490636 ns5:WithinOneYear ns5:CurrentFinancialInstruments 2025-03-31 07490636 ns5:WithinOneYear ns5:CurrentFinancialInstruments 2024-03-31 07490636 ns10:OrdinaryShareClass1 2025-03-31 07490636 ns10:OrdinaryShareClass2 2025-03-31

REGISTERED NUMBER: 07490636 (England and Wales)

| Unaudited Financial Statements |

| for the Year Ended 31 March 2025 |

| for |

| Intelect Engineering Limited |

| Intelect Engineering Limited (Registered number: 07490636) |

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 Engineering Limited |

Company Information

for the Year Ended 31 March 2025

| DIRECTORS: | F P Cormican

| A G Shaw

| R D S Mortimore

| REGISTERED OFFICE: | Unit 6 North Moss Lane Industrial Estate

| Beels Road

| Stallingborough

| North East Lincolnsh

| DN41 8DN

| REGISTERED NUMBER: | 07490636 (England and Wales)

| ACCOUNTANTS: | Anderson Barrowcliff Limited

| Chartered Accountants

| 3 Kingfisher Court

| Bowesfield Park

| Stockton on Tees

| TS18 3EX

| Intelect Engineering Limited (Registered number: 07490636) |

Balance Sheet

31 March 2025

| 2025 | 2024 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Tangible assets | 3 | 61,101 |  | 36,573 |  |

CURRENT ASSETS

Debtors | 4 | 1,720,636 |  | 2,527,453 |  |

Cash at bank and in hand | 80,346 |  | 917,212 |  |

1,800,982 |  | 3,444,665 |  |

CREDITORS

Amounts falling due within one year | 5 | 2,079,776 |  | 3,051,268 |  |

NET CURRENT (LIABILITIES)/ASSETS | (278,794 | ) | 393,397 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | (217,693 | ) | 429,970 |  |

PROVISIONS FOR LIABILITIES | - |  | 4,300 |  |

NET (LIABILITIES)/ASSETS | (217,693 | ) | 425,670 |  |

CAPITAL AND RESERVES

Called up share capital | 6 | 506 |  | 506 |  |

Capital redemption reserve | 494 |  | 494 |  |

Retained earnings | (218,693 | ) | 424,670 |  |

SHAREHOLDERS' FUNDS | (217,693 | ) | 425,670 |  |

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 10 March 2026 and were signed on its behalf by:

A G Shaw - Director

| Intelect Engineering Limited (Registered number: 07490636) |

Notes to the Financial Statements

for the Year Ended 31 March 2025

1. | ACCOUNTING POLICIES

| Basis of preparing the financial statements

| Intelect Engineering Limited is a private limited company limited by shares incorporated in England, United Kingdom. The address of the registered office is given in the company information on page 1 of these financial statements.

| The financial statements have been prepared in accordance with applicable accounting standards including Financial Reporting Standard 102 Section 1A "The Financial Reporting Standard applicable in the UK and the Republic of Ireland" (FRS102 Section 1A) and the Companies Act 2006. The financial statements have been prepared on a going concern basis under the historical cost convention. The financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest pound.

| 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.

| Going Concern

| Notwithstanding the company's net liabilities of £217,693 the company's directors are of the opinion that it is a going concern based on their knowledge of the industry, changes to the business strategy for the future and an underlying assumption of the continued support by related party financing. The directors have received written confirmation of such support and on that basis, believe it appropriate for the accounts to be prepared on a going concern basis.

| 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, 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 each asset over its estimated useful life.

| Leasehold property improvements | - | 20% on cost

| Plant and machinery | - | 25% on cost

| Motor vehicles | - | 25% on cost

| 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. Deferred tax on revalued non-depreciable tangible fixed assets and investment properties is measured using the rates and allowances that apply to the sale of the asset.

| 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.

| Intelect Engineering Limited (Registered number: 07490636) |

Notes to the Financial Statements - continued

for the Year Ended 31 March 2025

1. | ACCOUNTING POLICIES - continued

| 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.

| Grants

| Capital based grants are included in the balance sheet as a deferred credit and released to the profit and loss in equal instalments over the estimated useful lives of the related assets. Amounts not yet released to the profit and loss are included in the balance sheet as deferred income. Revenue based grants are credited to the profit and loss when receivable.

| 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.

| 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.

2. | EMPLOYEES AND DIRECTORS

| The average number of employees during the year was 48 (2024 - 42 ) .

3. | TANGIBLE FIXED ASSETS

| Leasehold |

| property |  | Plant and |  | Motor |

| improvements |  | machinery |  | vehicles |  | Totals

£ | £ | £ | £ |

| COST

| At 1 April 2024 | 212,928 |  | 197,106 |  | 136,290 |  | 546,324 |  |

| Additions | - |  | 24,071 |  | 27,335 |  | 51,406 |  |

| Disposals | - |  | - |  | (17,250 | ) | (17,250 | ) |

| At 31 March 2025 | 212,928 |  | 221,177 |  | 146,375 |  | 580,480 |  |

| DEPRECIATION

| At 1 April 2024 | 212,928 |  | 183,942 |  | 112,881 |  | 509,751 |  |

| Charge for year | - |  | 13,136 |  | 13,742 |  | 26,878 |  |

| Eliminated on disposal | - |  | - |  | (17,250 | ) | (17,250 | ) |

| At 31 March 2025 | 212,928 |  | 197,078 |  | 109,373 |  | 519,379 |  |

| NET BOOK VALUE

| At 31 March 2025 | - |  | 24,099 |  | 37,002 |  | 61,101 |  |

| At 31 March 2024 | - |  | 13,164 |  | 23,409 |  | 36,573 |  |

| Intelect Engineering Limited (Registered number: 07490636) |

Notes to the Financial Statements - continued

for the Year Ended 31 March 2025

4. | DEBTORS

2025 | 2024 |

£ | £ |

| Amounts falling due within one year:

| Trade debtors | 1,084,118 |  | 1,688,261 |  |

| Amounts recoverable on contracts | 586,816 |  | 792,772 |  |

| Other debtors | 800 |  | - |  |

| Directors' current accounts | 12,000 |  | 12,375 |  |

| Taxation | 9,197 |  | - |  |

| S455 tax recoverable | 270 |  | 255 |  |

| Prepayments | - |  | 1,079 |  |

1,693,201 |  | 2,494,742 |  |

| Amounts falling due after more than one year:

| Directors' loan accounts | 27,435 |  | 32,711 |  |

| Aggregate amounts | 1,720,636 |  | 2,527,453 |  |

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

2025 | 2024 |

£ | £ |

| Trade creditors | 649,875 |  | 384,231 |  |

| Taxation | - |  | 8,873 |  |

| Social security and other taxes | 110,903 |  | 204,615 |  |

| Other creditors | 600,000 |  | 461 |  |

| Directors' current accounts | - |  | 1,472 |  |

| Accruals and deferred income | 718,998 |  | 2,451,616 |  |

2,079,776 |  | 3,051,268 |  |

6. | CALLED UP SHARE CAPITAL

| Allotted, issued and fully paid:

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

| value: | £ | £ |

| 440 | Ordinary | £1 | 440 |  | 440 |  |

| 66 | Ordinary 'B' | £1 | 66 |  | 66 |  |

506 |  | 506 |  |

7. | OTHER FINANCIAL COMMITMENTS

| Total financial commitments which are not included in the balance sheet amount to £81,866 (2024 - £156,059) relating to amounts payable under operating leases.

| Intelect Engineering Limited (Registered number: 07490636) |

Notes to the Financial Statements - continued

for the Year Ended 31 March 2025

8. | DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

| The movements in the loans to directors during the year are shown below:

|  | At 1 April 2024 |  | Amount advanced |  | Amount repaid |  | At 31March 2025 |  | Maximum outstanding

|  | £ |  | £ |  | £ |  | £ |  | £

| Director 1 |  | 45,086 |  | 6,349 |  | 12,000 |  | 39,435 |  | 51,435 |

| Total |  | 45,086 |  | 6,349 |  | 12,000 |  | 39,435 |  | 51,435 |

| The above loans were unsecured, interest free and repayable on demand.

| 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 |  | 285,092 |  |

| Trade creditors outstanding as at 31 March 2025 |  | (102,165 | ) |

| Sales in the year to 31 March 2025 |  | 1,971,602 |  |

| Purchases in the year to 31 March 2025 |  | (650,931 | ) |