REGISTERED NUMBER: 16751123 (England and Wales)

Unaudited Financial Statements

for the Period

29 September 2025 to 31 March 2026

for

Intelect Machine Services Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

F P Cormican

A G Shaw

REGISTERED OFFICE:

Stephenson House

Intelect Court

Riverside Park

Middlesbrough

TS2 1QT

REGISTERED NUMBER:

16751123 (England and Wales)

ACCOUNTANTS:

Anderson Barrowcliff Limited

Chartered Accountants

3 Kingfisher Court

Bowesfield Park

Stockton on Tees

TS18 3EX

FIXED ASSETS

Tangible assets

3

40,279

CURRENT ASSETS

Debtors

4

148,874

Cash at bank and in hand

3,628

152,502

CREDITORS

Amounts falling due within one year

5

169,547

NET CURRENT LIABILITIES

(17,045

)

TOTAL ASSETS LESS CURRENT LIABILITIES

23,234

PROVISIONS FOR LIABILITIES

6,000

NET ASSETS

17,234

CAPITAL AND RESERVES

Called up share capital

6

577

Retained earnings

16,657

SHAREHOLDERS' FUNDS

17,234

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 March 2026.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 March 2026 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 29 October 2026 and were signed on its behalf by:

A G Shaw - Director

1.	ACCOUNTING POLICIES

Basis of preparing the financial statements

Intelect Machine Services 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 current liabilities of £17,045, the company's directors are of the opinion that it is a going concern based on their knowledge of the industry 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 net of VAT and trade discounts. The policies adopted for the recognition of turnover are as follows:

Rendering of services

When the outcome of a transaction can be estimated reliably, turnover from services is recognised by reference to the stage of completion at the balance sheet date. Stage of completion is measured by reference to actual costs compared to expected total costs.

Where the outcome cannot be measured reliably, turnover is recognised only to the extent of the expenses recognised that are recoverable.

When it is probable that total contract costs will exceed total contract revenue, the expected loss is recognised as an expense immediately.

Tangible fixed assets

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

Plant and machinery

-

25% on cost

Motor vehicles

-

25% on cost

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

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.

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.

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.

Loans and borrowings

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.

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 period was 7 .

3.	TANGIBLE FIXED ASSETS

Plant and

Motor

machinery

vehicles

Totals

£

£

£

COST

Additions

37,200

7,000

44,200

At 31 March 2026

37,200

7,000

44,200

DEPRECIATION

Charge for period

3,775

146

3,921

At 31 March 2026

3,775

146

3,921

NET BOOK VALUE

At 31 March 2026

33,425

6,854

40,279

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

£

Trade debtors

125,815

Amounts recoverable on contract

15,169

Other debtors

577

Prepayments

7,313

148,874

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

£

Trade creditors

86,393

Social security and other taxes

5,309

VAT

20,920

Other creditors

41,082

Accruals and deferred income

15,843

169,547

6.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

value:

£

527

Ordinary

1

527

50

Ordinary B

1

50

577

The following shares were allotted and fully paid for cash at par during the period:

527 Ordinary shares of 1 each

50 Ordinary B shares of 1 each

7.	PENSION COMMITMENTS

The company operates a defined contribution scheme for the benefit of its employees. The assets of the scheme are held separately from those of the company. The contributions are charged to the profit and loss account as they accrue. The charge for the period ended 31 March 2026 was £2,624. Contributions outstanding at the period end amounted to £82.

8.	RELATED PARTY DISCLOSURES

A company under common control has the following related party transactions during the period ended 31 March 2026:

£

Trade debtors outstanding as at 31 March 2026

135

Trade creditors outstanding as at 31 March 2026

(69,587

)

Sales in the period to 31 March 2026

7,472

Purchases in the period to 31 March 2026

(75,955

)

During the period, the company obtained a loan from a related party of £70,000. At the period end, the amount due to the related party was £41,000.

The loan is interest free and repayable on demand.