Intalek Compliance Services Ltd Filleted accounts for Companies House (small and micro)
Intalek Compliance Services Ltd Filleted accounts for Companies House (small and micro)
COMPANY REGISTRATION NUMBER:
12143137
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Statement of Financial Position |
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30 Apr 20 |
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Note |
£ |
Fixed assets
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Tangible assets |
5 |
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Current assets
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Debtors |
6 |
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Cash at bank and in hand |
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--------- |
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Creditors: amounts falling due within one year |
7 |
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Net current assets |
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-------- |
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Total assets less current liabilities |
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-------- |
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Net assets |
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-------- |
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Capital and reserves
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Called up share capital |
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Profit and loss account |
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-------- |
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Shareholders funds |
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In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
Director's responsibilities:
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The members have not required the company to obtain an audit of its financial statements for the period in question in accordance with section 476
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The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements
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Statement of Financial Position (continued) |
These financial statements were approved by the
board of directors
and authorised for issue on
2 June 2020
, and are signed on behalf of the board by:
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Director |
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Company registration number:
12143137
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Notes to the Financial Statements |
Period from 7 August 2019 to 30 April 2020
1.
General information
The company is a private company limited by shares, registered in England and Wales.
The address of the registered office is Unit
Soveereign Park, Cleveland Way,
Hemel Hempstead Industrial Estate, Herts, HP2 7DA.
2.
Statement of compliance
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 measured at fair value through profit or loss.
Factoring
The company has entered into a factoring agreement, wherby it receives a proportion of its sales invoices as an advance. The relevant sales invoices are included in trade debtors, but are assigned to the factors. Advances are disclosed in the balance sheet as current liabilities.
Revenue recognition
Income tax
The taxation expense represents the aggregate amount of current tax recognised in the reporting period. Tax is recognised in profit or loss.
Tangible assets
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.
Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument.
4.
Employee numbers
The average number of persons employed by the company during the period amounted to
1
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5.
Tangible assets
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Plant and machinery |
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£ |
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Cost |
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At 7 August 2019 |
– |
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Additions |
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At 30 April 2020 |
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Depreciation |
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At 7 August 2019 and 30 April 2020 |
– |
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---- |
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Carrying amount |
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At 30 April 2020 |
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---- |
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6.
Debtors
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30 Apr 20 |
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£ |
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Trade debtors |
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Other debtors |
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7.
Creditors:
amounts falling due within one year
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30 Apr 20 |
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£ |
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Trade creditors |
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Corporation tax |
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Social security and other taxes |
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Factoring advances |
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Other creditors |
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Amounts due to factoring lenders are secured against the debtors they are advanced against.
8.
Related party transactions
There are no related party transactions to disclose.
9.
Controlling party
The company is under the control of
Mr M Lennon
, who is director and majority shareholder.