REGISTERED NUMBER: 05224250 (England and Wales)

Financial Statements for the Period 1 October 2024 to 31 May 2025

for

INTELLIGENT PERFORMANCE LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

C N Barnett

J Routledge

REGISTERED OFFICE:

Global House

60b Queen Street

Horsham

West Sussex

RH13 5AD

REGISTERED NUMBER:

05224250 (England and Wales)

AUDITORS:

Feist Hedgethorne Limited

Statutory Auditors

Chartered Accountants

Preston Park House

South Road

Brighton

East Sussex

BN1 6SB

FIXED ASSETS

Tangible assets

4

21,114

23,076

CURRENT ASSETS

Stocks

13,127

13,127

Debtors

5

353,165

301,711

Cash at bank

83,424

73,644

449,716

388,482

CREDITORS

Amounts falling due within one year

6

(374,182

)

(281,101

)

NET CURRENT ASSETS

75,534

107,381

TOTAL ASSETS LESS CURRENT LIABILITIES

96,648

130,457

CREDITORS

Amounts falling due after more than one year

7

-

(18,220

)

PROVISIONS FOR LIABILITIES

9

(5,279

)

-

NET ASSETS

91,369

112,237

CAPITAL AND RESERVES

Called up share capital

10

100

100

Share premium

19,980

19,980

Retained earnings

71,289

92,157

SHAREHOLDERS' FUNDS

91,369

112,237

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 27 March 2026 and were signed on its behalf by:

C N Barnett - Director

1.	STATUTORY INFORMATION

Intelligent Performance 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 (£).

Monetary amounts in these financial statements are rounded to the nearest pound.

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

Preparation of the financial statements requires management to make significant judgements and estimates and these estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised if the revision affects only that period, or in the period of the revision and future periods if the revision affects both current and future periods.

The items in the financial statements where these judgements and estimates have been made include the useful economic life of tangible fixed assets, the depreciation and amortisation of these assets, provisions, and the recoverability of debtors.

Key sources of estimation uncertainty:

The annual depreciation charge for tangible assets is sensitive to changes in the estimated useful economic lives and residual values of the assets. The useful economic lives and residual values are depreciated over the approved depreciation rates. The carrying amount of tangible fixed assets is £21,114 (2024: £23,076) as noted in note 7.

The current year tax provision of £10,316 (2024: £29,014) relates to management's assessment of the amount of tax payable on the profit for the year where the liabilities remain to be agreed with HMRC. Due to the uncertainty with such taxation items, there is a possibility that the final outcome may differ on conclusion of open tax matters at a future date.

No significant judgements have been made by management in preparing these financial statements.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

Tangible fixed assets

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

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

Plant and machinery

-

20% on cost

Fixtures and fittings

-

20% on cost

Computer equipment

-

20% on cost

Stocks

Stock is valued at the lower of cost and estimated selling price less costs, after making due allowance for obsolete and slow moving items.

Stocks consist of telecommunication equipment and accessories.

Financial instruments

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.

Taxation

Taxation for the period 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 period 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.

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

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 plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has not further payment obligations.

The contributions are recognised as an expense in the Income Statement when they fall due. Amounts not paid are shown in accruals as a liability on the Balance Sheet. The assets of the plan are held separately from the Company in independently administered funds.

Impairment policy

At each balance sheet date, the company reviews the carrying amount of its assets to determine whether there is any indication that any items have suffered an impairment loss. If any such indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss, if any. Where it is not possible to estimate the recoverable amount of an asset, the Company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the period was 18 (2024 - 20 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Computer

machinery

fittings

equipment

Totals

£

£

£

£

COST

At 1 October 2024

and 31 May 2025

25,941

7,525

5,550

39,016

DEPRECIATION

At 1 October 2024

10,376

4,866

698

15,940

Charge for period

1,081

590

291

1,962

At 31 May 2025

11,457

5,456

989

17,902

NET BOOK VALUE

At 31 May 2025

14,484

2,069

4,561

21,114

At 30 September 2024

15,565

2,659

4,852

23,076

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

(Unaudited)

£

£

Trade debtors

324,622

293,010

Other debtors

28,543

8,701

353,165

301,711

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

(Unaudited)

£

£

Trade creditors

287,606

130,386

Amounts owed to group undertakings

8,139

-

Taxation and social security

46,893

69,831

Other creditors

31,544

80,884

374,182

281,101

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

(Unaudited)

£

£

Bank loans

-

18,220

8.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

2025

2024

(Unaudited)

£

£

Within one year

11,013

18,880

Between one and five years

1,498

10,461

12,511

29,341

The total fixed lease payments recognised as an expense is £19,161 (2024: £18,133).

9.	PROVISIONS FOR LIABILITIES

2025

2024

(Unaudited)

£

£

Deferred tax

5,279

-

Deferred tax

£

Accelerated capital allowances

5,279

Balance at 31 May 2025

5,279

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

70

Ordinary A

£1

70

70

10

Ordinary B

£1

10

10

20

Ordinary C

£1

20

20

100

100

11.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Chris Morey (Senior Statutory Auditor)

for and on behalf of Feist Hedgethorne Limited

12.	RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

13.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is C N Barnett.

The company is a subsidiary undertaking of Global 4 Communications Limited, a company incorporated in England and Wales.

The smallest group into which the company is consolidated is that headed by Global 4 Communications Limited. Consolidated financial statements for this group are prepared by Global 4 Communications Limited and may be obtained from its registered office at Global House, 60b Queen Street, Horsham, England, RH13 5AD.

The ultimate parent undertaking is HML Ventures Limited, a company incorporated in England and Wales. This is the largest group into which the company is consolidated. Consolidated financial statements for the largest group are prepared by HML Ventures Limited and may be obtained from its registered office at Global House, 60b Queen Street, Horsham, England, RH13 5AD.

14.

CHARGES

Tc Loans Limited has a fixed and floating charge which covers all the property or undertakings of the company.