Intralan Group Limited - Accounts to registrar (filleted) - small 18.2

Intralan Group Limited - Accounts to registrar (filleted) - small 18.2

INTRALAN GROUP LIMITED - Company Information

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REGISTERED NUMBER: 03748995 (England and Wales)















Financial Statements for the Year Ended 31 December 2019

for

Intralan Group Limited
Intralan Group Limited (Registered number: 03748995)






Contents of the Financial Statements
for the Year Ended 31 December 2019




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Intralan Group Limited

Company Information
for the Year Ended 31 December 2019







DIRECTORS: A Horn
C E Herwig





REGISTERED OFFICE: Unit 12, Epsom Business Park
Kiln Lane
Epsom
Surrey
KT17 1JF





REGISTERED NUMBER: 03748995 (England and Wales)





AUDITORS: Roffe Swayne
Statutory Auditors & Chartered Accountants
Ashcombe Court
Woolsack Way
Godalming
Surrey
GU7 1LQ
1
Intralan Group Limited (Registered number: 03748995)

Balance Sheet
31 December 2019

2019 2018
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 1 1
Tangible assets 5 122,478 135,244
Investments 6 92 92
122,571 135,337

CURRENT ASSETS
Stocks 136,943 193,499
Debtors 7 1,515,847 1,306,489
Cash at bank and in hand 167,454 299,521
1,820,244 1,799,509
CREDITORS
Amounts falling due within one year 8 331,343 465,105
NET CURRENT ASSETS 1,488,901 1,334,404
TOTAL ASSETS LESS CURRENT
LIABILITIES
1,611,472
1,469,741

PROVISIONS FOR LIABILITIES 15,803 16,735
NET ASSETS 1,595,669 1,453,006

CAPITAL AND RESERVES
Called up share capital 51,000 51,000
Retained earnings 1,544,669 1,402,006
SHAREHOLDERS' FUNDS 1,595,669 1,453,006

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 28 June 2020 and were signed on its behalf by:





A Horn - Director


The notes form part of these financial statements

2
Intralan Group Limited (Registered number: 03748995)

Notes to the Financial Statements
for the Year Ended 31 December 2019

1. STATUTORY INFORMATION

Intralan Group Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Going concern
As at 31 December 2019, a limited number of cases of an unknown virus had been reported to the World Health Organisation ("WHO"). Following the subsequent spread of the virus, on March 11, 2020 the WHO declared COVID-19 outbreak to be a pandemic. We have paid particular attention to the likely effects on the business of the current COVID-19 outbreak and the directors remain confident that sufficient funding is in place to enable the company to continue as a going concern for the foreseeable future.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2008 by a fellow subsidiary whose trade has now been incorporated into Intralan Group Limited. This was being amortised over 10 years in that company's accounts and continues at the same amount in this company (see note 5).

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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 etc - 33% on reducing balance, 25% on reducing balance and in accordance with the property

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.


3 continued...
Intralan Group Limited (Registered number: 03748995)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2019

2. ACCOUNTING POLICIES - continued
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.

Hire purchase and leasing commitments
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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 39 (2018 - 34 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 January 2019
and 31 December 2019 133,686
AMORTISATION
At 1 January 2019
and 31 December 2019 133,685
NET BOOK VALUE
At 31 December 2019 1
At 31 December 2018 1

The company acquired goodwill from its fellow subsidiary, Transglobal UK Limited, at net book value of £133,686.

4 continued...
Intralan Group Limited (Registered number: 03748995)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2019

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2019 732,299
Additions 34,811
At 31 December 2019 767,110
DEPRECIATION
At 1 January 2019 597,055
Charge for year 47,577
At 31 December 2019 644,632
NET BOOK VALUE
At 31 December 2019 122,478
At 31 December 2018 135,244

6. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 January 2019
and 31 December 2019 441,252
PROVISIONS
At 1 January 2019
and 31 December 2019 441,160
NET BOOK VALUE
At 31 December 2019 92
At 31 December 2018 92

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2019 2018
£    £   
Trade debtors 285,179 282,068
Amounts owed by group undertakings 1,053,407 984,272
Other debtors 177,261 40,149
1,515,847 1,306,489

5 continued...
Intralan Group Limited (Registered number: 03748995)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2019

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2019 2018
£    £   
Trade creditors 121,795 242,364
Taxation and social security 201,562 214,243
Other creditors 7,986 8,498
331,343 465,105

9. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Anthony Kelly BSc FCA (Senior Statutory Auditor)
for and on behalf of Roffe Swayne

10. OTHER FINANCIAL COMMITMENTS

The company had outstanding commitments in respect of operating leases at 31 December 2019 amounting to £160,333 (2018 - £192,000).

11. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 December 2019 and 31 December 2018:

2019 2018
£    £   
P Gandar
Balance outstanding at start of year - 109,596
Amounts repaid - (109,596 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - -

P F Mitchell
Balance outstanding at start of year - 109,957
Amounts repaid - (109,957 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - -

E C Keane
Balance outstanding at start of year - 77,043
Amounts repaid - (77,043 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - -

6 continued...
Intralan Group Limited (Registered number: 03748995)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2019

12. ULTIMATE HOLDING COMPANY

GMK Pepper Holdings Limited, a UK incorporated company number 08288081, is the company's parent company.

On 3 January 2018, the entire share capital of GMK Pepper Holdings Limited was acquired by Intralan Investments Limited, a UK company number 11122571.

UK Intralan Investments LLC, a company registered in the USA, owns 100% of Intralan Investments Limited and therefore UK Intralan Investments LLC, is the ultimate holding company of Intralan Group Limited

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