Intex Projects Limited - Accounts to registrar (filleted) - small 18.2
Intex Projects Limited - Accounts to registrar (filleted) - small 18.2
| REGISTERED NUMBER: |
| UNAUDITED FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 30 NOVEMBER 2018 |
| FOR |
| INTEX PROJECTS LIMITED |
| INTEX PROJECTS LIMITED (REGISTERED NUMBER: 04564422) |
| CONTENTS OF THE FINANCIAL STATEMENTS |
| for the year ended 30 November 2018 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 4 |
| INTEX PROJECTS LIMITED |
| COMPANY INFORMATION |
| for the year ended 30 November 2018 |
| DIRECTORS: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Chartered Certified Accountants |
| and Registered Auditors |
| 3 & 4 Pegasus House |
| Pegasus Court |
| Olympus Avenue |
| Warwick |
| Warwickshire |
| CV34 6LW |
| INTEX PROJECTS LIMITED (REGISTERED NUMBER: 04564422) |
| BALANCE SHEET |
| 30 November 2018 |
| 2018 | 2017 |
| as restated |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Intangible assets | 4 |
| Tangible assets | 5 |
| CURRENT ASSETS |
| Debtors | 6 |
| Cash at bank and in hand |
| CREDITORS |
| Amounts falling due within one year | 7 |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CREDITORS |
| Amounts falling due after more than one year |
8 |
( |
) |
( |
) |
| PROVISIONS FOR LIABILITIES | ( |
) | ( |
) |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital |
| Share premium |
| Retained earnings | 114,004 | 252,192 |
| SHAREHOLDERS' FUNDS |
| INTEX PROJECTS LIMITED (REGISTERED NUMBER: 04564422) |
| BALANCE SHEET - continued |
| 30 November 2018 |
| 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. |
| 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 on behalf by: |
| INTEX PROJECTS LIMITED (REGISTERED NUMBER: 04564422) |
| NOTES TO THE FINANCIAL STATEMENTS |
| for the year ended 30 November 2018 |
| 1. | STATUTORY INFORMATION |
| Intex Projects Limited is a |
| company's registered number and registered office address can be found on the Company Information |
| page. |
| 2. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| Turnover |
| Turnover represents net invoiced sales of goods, excluding value added tax, except in |
| respect of service contracts where turnover is recognised when the company obtains the |
| right to consideration. |
| Intellectual property |
| The Intellectual Property of the Company was re-purchased in 2015. This has been written off over its |
| estimated economical useful life. |
| Computer software |
| The Company purchased computer software in 2016. This has been written off over its its economical |
| useful life of 2 years. |
| Tangible fixed assets |
| Improvements to property | - |
| Plant and machinery | - |
| Fixtures and fittings | - |
| Motor vehicles | - |
| Computer equipment | - |
| Taxation |
| Taxation for the year 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 year 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. |
| INTEX PROJECTS LIMITED (REGISTERED NUMBER: 04564422) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| for the year ended 30 November 2018 |
| 2. | ACCOUNTING POLICIES - continued |
| Hire purchase and leasing commitments |
| Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. |
| Those held under hire purchase contracts are depreciated over their estimated useful lives. Those |
| held under finance leases are depreciated over their estimated useful lives or the lease term, |
| whichever is the shorter. |
| The interest element of these obligations is charged to profit or loss over the relevant period. The |
| capital element of the future payments is treated as a liability. |
| 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 pension scheme. Contributions payable to the |
| company's pension scheme are charged to profit or loss in the period to which they relate. |
| Long term contracts and work in progress |
| Amounts recoverable on contracts are valued on a prudent basis at anticipated net sale value after |
| provision for contingencies and anticipated future losses, less amounts invoiced. Progress payments in |
| excess of the value of work done are included in current liabilities. |
| Amounts included in work in progress represent direct costs incurred, net of amounts transferred to the |
| profit and loss account in respect of work carried out to date, less foreseeable losses and applicable |
| payments on account. |
| This approach enables profit on contracting activities to be recognised as work progresses. |
| 3. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the year was |
| 4. | INTANGIBLE FIXED ASSETS |
| Other |
| intangible |
| assets |
| £ |
| COST |
| At 1 December 2017 |
| and 30 November 2018 |
| AMORTISATION |
| At 1 December 2017 |
| Charge for year |
| At 30 November 2018 |
| NET BOOK VALUE |
| At 30 November 2018 |
| At 30 November 2017 |
| INTEX PROJECTS LIMITED (REGISTERED NUMBER: 04564422) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| for the year ended 30 November 2018 |
| 5. | TANGIBLE FIXED ASSETS |
| Improvements | Fixtures |
| to | Plant and | and |
| property | machinery | fittings |
| £ | £ | £ |
| COST |
| At 1 December 2017 |
| At 30 November 2018 |
| DEPRECIATION |
| At 1 December 2017 |
| Charge for year |
| Eliminated on disposal |
| At 30 November 2018 |
| NET BOOK VALUE |
| At 30 November 2018 |
| At 30 November 2017 |
| Motor | Computer |
| vehicles | equipment | Totals |
| £ | £ | £ |
| COST |
| At 1 December 2017 |
| Additions |
| Disposals | ( |
) | ( |
) |
| At 30 November 2018 |
| DEPRECIATION |
| At 1 December 2017 |
| Charge for year |
| Eliminated on disposal | ( |
) | ( |
) |
| At 30 November 2018 |
| NET BOOK VALUE |
| At 30 November 2018 |
| At 30 November 2017 |
| INTEX PROJECTS LIMITED (REGISTERED NUMBER: 04564422) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| for the year ended 30 November 2018 |
| 5. | TANGIBLE FIXED ASSETS - continued |
| Fixed assets, included in the above, which are held under hire purchase contracts are as follows: |
| Motor |
| vehicles |
| £ |
| COST |
| At 1 December 2017 |
| Additions |
| Disposals | ( |
) |
| At 30 November 2018 |
| DEPRECIATION |
| At 1 December 2017 |
| Charge for year |
| Eliminated on disposal | ( |
) |
| At 30 November 2018 |
| NET BOOK VALUE |
| At 30 November 2018 |
| At 30 November 2017 |
| 6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2018 | 2017 |
| as |
| restated |
| £ | £ |
| Trade debtors |
| Amounts recoverable on contract |
| Other debtors |
| 7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2018 | 2017 |
| as |
| restated |
| £ | £ |
| Bank loans and overdrafts |
| Hire purchase contracts (see note 9) |
| Trade creditors |
| Taxation and social security |
| Other creditors |
| INTEX PROJECTS LIMITED (REGISTERED NUMBER: 04564422) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| for the year ended 30 November 2018 |
| 8. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
| 2018 | 2017 |
| as |
| restated |
| £ | £ |
| Bank loans |
| Hire purchase contracts (see note 9) |
| Other creditors |
| 9. | LEASING AGREEMENTS |
| Minimum lease payments fall due as follows: |
| Hire purchase contracts |
| 2018 | 2017 |
| as |
| restated |
| £ | £ |
| Net obligations repayable: |
| Within one year |
| Between one and five years |
| Non-cancellable |
| operating leases |
| 2018 | 2017 |
| as |
| restated |
| £ | £ |
| Within one year |
| Between one and five years |
| INTEX PROJECTS LIMITED (REGISTERED NUMBER: 04564422) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| for the year ended 30 November 2018 |
| 10. | DIRECTORS' ADVANCES, CREDITS AND GUARANTEES |
| The following advances and credits to directors subsisted during the years ended 30 November 2018 |
| and 30 November 2017: |
| 2018 | 2017 |
| as |
| restated |
| £ | £ |
| Balance outstanding at start of year |
| Amounts advanced |
| Amounts repaid | ( |
) | ( |
) |
| Amounts written off | - | - |
| Amounts waived | - | - |
| Balance outstanding at end of year |
| Balance outstanding at start of year |
| Amounts advanced |
| Amounts repaid | ( |
) | ( |
) |
| Amounts written off | - | - |
| Amounts waived | - | - |
| Balance outstanding at end of year |
| 11. | ULTIMATE CONTROLLING PARTY |
| The company is under the control of its directors, by virtue of their majority interest in the issued share |
| capital of the company. |