Company Registration No. 08227235 (England and Wales)
Intelesant Limited
Unaudited accounts
for the year ended 30 June 2023
Intelesant Limited
Unaudited accounts
Contents
Intelesant Limited
Company Information
for the year ended 30 June 2023
Directors
Louise Rogerson
Stuart Adam Marks
Simon Peter Devonshire
Mark Steven Davies
Jonathan Charles Burr
Company Number
08227235 (England and Wales)
Registered Office
UNIT 45 GREENHEYS BUSINESS CENTRE
PENCROFT WAY
MANCHESTER
M15 6JJ
ENGLAND
Accountants
Abacus Jack Ltd
New Century House
Crowther Road
Washington
Tyne and Wear
NE38 0QA
Intelesant Limited
Statement of financial position
as at 30 June 2023
Inventories
11,153
131,356
Cash at bank and in hand
24,165
355,439
Creditors: amounts falling due within one year
(750,207)
(1,066,914)
Net current liabilities
(697,807)
(562,623)
Total assets less current liabilities
(697,331)
(554,393)
Creditors: amounts falling due after more than one year
(1,494,113)
(1,333,531)
Net liabilities
(2,191,444)
(1,887,924)
Called up share capital
517
517
Share premium
2,920,113
2,750,113
Profit and loss account
(5,112,074)
(4,638,554)
Shareholders' funds
(2,191,444)
(1,887,924)
For the year ending 30 June 2023 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 and delivered 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. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 28 March 2024 and were signed on its behalf by
Jonathan Charles Burr
Director
Company Registration No. 08227235
Intelesant Limited
Notes to the Accounts
for the year ended 30 June 2023
Intelesant Limited is a private company, limited by shares, registered in England and Wales, registration number 08227235. The registered office is UNIT 45 GREENHEYS BUSINESS CENTRE, PENCROFT WAY, MANCHESTER, M15 6JJ, ENGLAND.
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.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
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.
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:
Fixtures & fittings
3 years straight line
Computer equipment
3 years straight line
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
Amortisation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:
Business IP 10 years straight line
Research expenditure is recognised against profits in the year in which it is incurred. Identifiable development expenditure is capitalised to the extent that the technical, commercial and financial feasibility can be demonstrated.
Government grants are recognised at the fair value of the asset received or receivable when there is reasonable assurance that the grant conditions will be met and the grants will be received.
A grant that specifies performance conditions is recognised in income when the performance conditions are met. Where a grant does not specify performance conditions it is recognised in income when the proceeds are received or receivable. A grant received before the recognition criteria are satisfied is recognised as a liability.
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Intelesant Limited
Notes to the Accounts
for the year ended 30 June 2023
4
Intangible fixed assets
Goodwill
5
Tangible fixed assets
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 July 2022
11,798
4,813
16,611
At 30 June 2023
11,798
6,838
18,636
At 1 July 2022
11,798
4,083
15,881
Charge for the year
-
2,279
2,279
At 30 June 2023
11,798
6,362
18,160
Amounts falling due within one year
Trade debtors
5,905
17,313
Intelesant Limited
Notes to the Accounts
for the year ended 30 June 2023
7
Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
9,993
9,738
Trade creditors
121,049
301,690
Taxes and social security
28,294
17,284
Other creditors
171,774
169,256
Loans from directors
-
4,101
Trade creditors include amounts owed to directors in the sum of £18,246.26
8
Creditors: amounts falling due after more than one year
2023
2022
Other creditors
800,408
670,500
Loans from directors
672,926
632,259
Brought
Forward
Advance/
credit
Repaid
Carried
Forward
10
Average number of employees
During the year the average number of employees was 11 (2022: 9).