Intorqa Group Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 11365902

Intorqa Group Limited

Filleted Unaudited Financial Statements

31 May 2026

Intorqa Group Limited

Financial Statements

Year ended 31 May 2026

Contents	Page

Statement of financial position	1

Notes to the financial statements	3

Intorqa Group Limited

Statement of Financial Position

31 May 2026

	2026	2025
		(restated)
Note	£	£

Fixed assets

Intangible assets	5	677,916	515,636
Tangible assets	6	8,860	5,005
		---------	---------
		686,776	520,641

Current assets

Debtors	7	373,237	118,561
Cash at bank and in hand		103,547	93,274
		---------	---------
		476,784	211,835

Creditors: amounts falling due within one year	8	806,063	462,314
		---------	---------
Net current liabilities		329,279	250,479
		---------	---------
Total assets less current liabilities		357,497	270,162

Creditors: amounts falling due after more than one year	9	373,318	383,318
		---------	---------
Net liabilities		( 15,821)	( 113,156)
		---------	---------

Capital and reserves

Called up share capital	148	148
Share premium account	315,152	315,152
Profit and loss account	( 331,121)	( 428,456)
	---------	---------
Shareholders deficit	( 15,821)	( 113,156)
	---------	---------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

For the year ending 31 May 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

Intorqa Group Limited

Statement of Financial Position (continued)

31 May 2026

These financial statements were approved by the board of directors and authorised for issue on 30 September 2026 , and are signed on behalf of the board by:

M Holroyd

Director

Company registration number: 11365902

Intorqa Group Limited

Notes to the Financial Statements

Year ended 31 May 2026

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 124 City Road, London, EC1V 2NX, United Kingdom.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Going concern

The directors will continue to support the company and believe that the company will generate a profit in future periods therefore the accounts have been prepared on a going concern basis.

Judgements and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax.

Income tax

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively.

Foreign currencies

Foreign currency transactions are initially recorded in the functional currency, by applying the spot exchange rate as at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the exchange rate ruling at the reporting date, with any gains or losses being taken to the profit and loss account.

Intangible assets

Intangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated amortisation and impairment losses. Any intangible assets carried at revalued amounts, are recorded at the fair value at the date of revaluation, as determined by reference to an active market, less any subsequent accumulated amortisation and subsequent accumulated impairment losses.

Amortisation

Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:

	Development costs	-	33% straight line

If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.

Research and development

Research expenditure is written off in the period in which it is incurred. Development expenditure incurred is capitalised as an intangible asset only when all of the following criteria are met: - It is technically feasible to complete the intangible asset so that it will be available for use or sale; - There is the intention to complete the intangible asset and use or sell it; - There is the ability to use or sell the intangible asset; - The use or sale of the intangible asset will generate probable future economic benefits; - There are adequate technical, financial and other resources available to complete the development and to use or sell the intangible asset; and - The expenditure attributable to the intangible asset during its development can be measured reliably. Expenditure that does not meet the above criteria is expensed as incurred.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

	Equipment	-	25% straight line

Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

Financial instruments

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. 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. 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.

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 12 (2025: 9 ).

5. Intangible assets

	Development costs
	£
Cost
At 1 June 2025 (as restated)	1,161,058
Additions	507,548
	------------
At 31 May 2026	1,668,606
	------------
Amortisation
At 1 June 2025	645,422
Charge for the year	345,268
	------------
At 31 May 2026	990,690
	------------
Carrying amount
At 31 May 2026	677,916
	------------
At 31 May 2025	515,636
	------------

6. Tangible assets

	Equipment
	£
Cost
At 1 June 2025 (as restated)	6,218
Additions	6,331
	--------
At 31 May 2026	12,549
	--------
Depreciation
At 1 June 2025	1,213
Charge for the year	2,476
	--------
At 31 May 2026	3,689
	--------
Carrying amount
At 31 May 2026	8,860
	--------
At 31 May 2025	5,005
	--------

7. Debtors

	2026	2025
		(restated)
	£	£
Trade debtors	358,364	105,185
Other debtors	14,873	13,376
	---------	---------
	373,237	118,561
	---------	---------

8. Creditors: amounts falling due within one year

	2026	2025
		(restated)
	£	£
Trade creditors	8,750	( 2,521)
Social security and other taxes	27,658	4,077
Other creditors	769,655	460,758
	---------	---------
	806,063	462,314
	---------	---------

9. Creditors: amounts falling due after more than one year

	2026	2025
		(restated)
	£	£
Other creditors	373,318	383,318
	---------	---------

10. Prior period adjustment

A prior period error was identified in relation to the development costs. In the prior year, capitalised development costs were understated by £77,000, with a corresponding overstatement of wages and contractor costs of £77,000. In addition, amortisation relating to these development costs was understated by £25,666. The cumulative effect of correcting the error is a reduction in retained earnings of £51,334 at the beginning of the current period.

11. Related party transactions

At the year end the company owed £233,318 (2025: £243,318) to the directors.