Company Registration No. 6613925 (England and Wales)
Intelligent Business Transfer Ltd
Annual report and unaudited accounts
for the year ended 31 January 2017
Intelligent Business Transfer Ltd
Annual report and unaudited accounts
Contents
Intelligent Business Transfer Ltd
Company Information
for the year ended 31 January 2017
Directors
Mr S Mallon
Mr M E Bennison
Company Number
6613925 (England and Wales)
Registered Office
51 St Pauls Street
Leeds
LS1 2TE
Accountants
Simpson Accounting Services
2 Ledston Luck Cottages
Leeds
West Yorkshire
LS25 7BX
Intelligent Business Transfer Ltd
Accountants' report
Accountants' report to the board of directors of Intelligent Business Transfer Ltd on the preparation of the unaudited statutory accounts for the year ended 31 January 2017
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of
Intelligent Business Transfer Ltd for the year ended
31 January 2017 as set out on pages
5 -
8 from the company's accounting records and from information and explanations you have given us.
This report is made solely to the Board of Directors of Intelligent Business Transfer Ltd, as a body, in accordance with the terms of our engagement. Our work has been undertaken solely to prepare for your approval the accounts of Intelligent Business Transfer Ltd and state those matters that we have agreed to state to them, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Intelligent Business Transfer Ltd and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that Intelligent Business Transfer Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Intelligent Business Transfer Ltd. You consider that Intelligent Business Transfer Ltd is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of Intelligent Business Transfer Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
Simpson Accounting Services
2 Ledston Luck Cottages
Leeds
West Yorkshire
LS25 7BX
25 February 2017
Intelligent Business Transfer Ltd
Statement of financial position
as at
31 January 2017
Intangible assets
2,500
2,500
Tangible assets
29,509
17,960
Cash at bank and in hand
155,962
10,991
Creditors: amounts falling due within one year
(347,528)
(249,026)
Net current assets
370,898
60,941
Total assets less current liabilities
402,907
81,401
Creditors: amounts falling due after more than one year
(487,203)
(91,980)
Net liabilities
(84,296)
(10,579)
Called up share capital
1,000
1,000
Profit and loss account
(85,296)
(11,579)
Shareholders' funds
(84,296)
(10,579)
For the year ending 31 January 2017 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 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.
Approved by the Board on 25 February 2017.
Mr M E Bennison
Director
Company Registration No. 6613925
Intelligent Business Transfer Ltd
Statement of Changes in Equity
as at
31 January 2017
Share
capital
Profit
& loss
account
Total
At 1 February 2015
1,000
(83,738)
(82,738)
Profit for the year
72,159
72,159
At 31 January 2016
1,000
(11,579)
(10,579)
At 1 February 2016
1,000
(11,579)
(10,579)
Loss for the year
(73,717)
(73,717)
At 31 January 2017
1,000
(85,296)
(84,296)
Intelligent Business Transfer Ltd
Notes to the Accounts
for the year ended 31 January 2017
Intelligent Business Transfer Ltd is a private company, limited by shares, registered in England and Wales, registration number 6613925. The registered office and principal place of business is 51 St Pauls Street, Leeds, LS1 2TE.
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.
These financial statements for the year ended 31 January 2017 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 1 February 2016.
The transition to FRS 102 Section 1A Small Entities has resulted in a small number of changes in accounting policies to those used previously.
The nature of these changes and their impact on opening equity and profit for the comparative period are explained in the notes below.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
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:
4
Intangible fixed assets
Other
Intelligent Business Transfer Ltd
Notes to the Accounts
for the year ended 31 January 2017
5
Tangible fixed assets
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 February 2016
17,240
9,422
26,662
Additions
5,996
9,640
15,636
At 31 January 2017
23,236
19,062
42,298
At 1 February 2016
6,945
1,757
8,702
Charge for the year
1,679
2,408
4,087
At 31 January 2017
8,624
4,165
12,789
At 31 January 2017
14,612
14,897
29,509
At 31 January 2016
10,295
7,665
17,960
Trade debtors
194,444
163,237
Amounts due from group undertakings etc.
339,390
107,908
Accrued income and prepayments
11,896
-
Other debtors
16,734
27,831
7
Creditors: amounts falling due within one year
2017
2016
Trade creditors
80,389
56,815
Corporation tax
(14,769)
(3,260)
Other taxes and social security costs
165,216
123,720
Other creditors
89,944
69,956
8
Creditors: amounts falling due after more than one year
2017
2016
Amounts owed to group undertakings and other participating interests
487,203
91,980
9
Average number of employees
During the year the average number of employees was 41 (2016: 54).