Integrum Power Engineering Limited Filleted accounts for Companies House (small and micro)

INTEGRUM POWER ENGINEERING LTD - Company Information

13 false false false false false false false false false true false false false false false false No description of principal activity 2020-10-01 Sage Accounts Production Advanced 2020 - FRS102_2019 216 216 216 xbrli:pure xbrli:shares iso4217:GBP 10956687 2020-10-01 2021-09-30 10956687 2021-09-30 10956687 2020-09-30 10956687 2019-10-01 2020-09-30 10956687 2020-09-30 10956687 core:PlantMachinery 2020-10-01 2021-09-30 10956687 core:FurnitureFittings 2020-10-01 2021-09-30 10956687 core:MotorVehicles 2020-10-01 2021-09-30 10956687 bus:Director3 2020-10-01 2021-09-30 10956687 core:PlantMachinery 2020-09-30 10956687 core:FurnitureFittings 2020-09-30 10956687 core:MotorVehicles 2020-09-30 10956687 core:PlantMachinery 2021-09-30 10956687 core:FurnitureFittings 2021-09-30 10956687 core:MotorVehicles 2021-09-30 10956687 core:WithinOneYear 2021-09-30 10956687 core:WithinOneYear 2020-09-30 10956687 core:ShareCapital 2021-09-30 10956687 core:ShareCapital 2020-09-30 10956687 core:RetainedEarningsAccumulatedLosses 2021-09-30 10956687 core:RetainedEarningsAccumulatedLosses 2020-09-30 10956687 core:AdditionsToInvestments core:Non-currentFinancialInstruments 2021-09-30 10956687 core:CostValuation core:Non-currentFinancialInstruments 2021-09-30 10956687 core:Non-currentFinancialInstruments 2021-09-30 10956687 core:PlantMachinery 2020-09-30 10956687 core:FurnitureFittings 2020-09-30 10956687 core:MotorVehicles 2020-09-30 10956687 bus:SmallEntities 2020-10-01 2021-09-30 10956687 bus:AuditExemptWithAccountantsReport 2020-10-01 2021-09-30 10956687 bus:FullAccounts 2020-10-01 2021-09-30 10956687 bus:SmallCompaniesRegimeForAccounts 2020-10-01 2021-09-30 10956687 bus:PrivateLimitedCompanyLtd 2020-10-01 2021-09-30 10956687 core:ComputerEquipment 2020-10-01 2021-09-30 10956687 core:ComputerEquipment 2020-09-30 10956687 core:ComputerEquipment 2021-09-30 10956687 1 2020-10-01 2021-09-30

COMPANY REGISTRATION NUMBER: 10956687

INTEGRUM POWER ENGINEERING LIMITED

FILLETED UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED

30 September 2021

INTEGRUM POWER ENGINEERING LIMITED

STATEMENT OF FINANCIAL POSITION

30 September 2021

	2021	2020
Note	£	£

Fixed assets

Tangible assets	5	82,054	64,969
Investments	6	216	–
		---------	---------
		82,270	64,969

Current assets

Debtors	7	1,247,760	257,292
Cash at bank and in hand		238,609	493,927
		-------------	----------
		1,486,369	751,219

Creditors: amounts falling due within one year	8	( 701,727)	( 464,911)
		-------------	----------
Net current assets		784,642	286,308
		----------	----------
Total assets less current liabilities		866,912	351,277

Provisions	( 15,269)	–
	----------	----------
Net assets	851,643	351,277
	----------	----------

INTEGRUM POWER ENGINEERING LIMITED

STATEMENT OF FINANCIAL POSITION (continued)

30 September 2021

	2021	2020
Note	£	£

Capital and reserves

Called up share capital	8	8
Profit and loss account	851,635	351,269
	----------	----------
Shareholders funds	851,643	351,277
	----------	----------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.

For the year ending 30 September 2021 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

These financial statements were approved by the board of directors and authorised for issue on 19 May 2022 , and are signed on behalf of the board by:

Mr P Price

Director

Company registration number: 10956687

INTEGRUM POWER ENGINEERING LIMITED

NOTES TO THE FINANCIAL STATEMENTS

YEAR ENDED 30 SEPTEMBER 2021

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Streets LLP, Windsor House, A1 Business Park at, Long Bennington, Notts, NG23 5JR.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis , and in sterling , which is the functional currency of the entity.

Consolidation

The company has taken advantage of the option not to prepare consolidated financial statements contained in Section 398 of the Companies Act 2006 on the basis that the company and its subsidiary undertakings comprise a small group.

Judgements and key sources of estimation uncertainty

In the application of the Company's accounting policies, which are described in note 3, management is required to make judgements, estimates and assumptions about the carrying values of assets and liabilities that are not readily apparent from other sources. The estimates and underlying assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates. The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised if the revision affects only that period, or in the period of the revision and future periods if the revision affects both current and future periods.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Income tax

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.

Foreign currencies

Foreign currency transactions are initially recorded in the functional currency, by applying the spot exchange rate as at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the exchange rate ruling at the reporting date, with any gains or losses being taken to the profit and loss account.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Plant and machinery	-	10% straight line
Fixtures and fittings	-	20% straight line
Motor vehicles	-	10% straight line
Equipment	-	33% straight line

Investments

Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.

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. Prior impairments are also reviewed for possible reversal at each reporting date.

Government grants

Government grants are recognised at the fair value of the asset received or receivable. Grants are not recognised until there is reasonable assurance that the company will comply with the conditions attaching to them and the grants will be received.

Provisions

Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense.

Financial instruments

The company only holds basic financial instruments as defined in FRS 102. The financial assets and financial liabilities of the company and their measurement basis are as follows: Financial assets - trade and other debtors are basic financial instruments and are debt instruments measured at amortised cost. Prepayments are not financial instruments. Cash at bank is classified as a basic financial instrument and is measured at amortised cost. Financial liabilities - trade creditors, accruals and other creditors are financial instruments, and are measured at amortised cost. Taxation and social security are not included in the financial instruments disclosure definition.

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 13 (2020: 11 ).

5. Tangible assets

	Plant and machinery	Fixtures and fittings	Motor vehicles	Equipment	Total
	£	£	£	£	£
Cost
At 1 October 2020	58,376	1,975	9,000	23,073	92,424
Additions	21,305	–	–	13,934	35,239
	---------	-------	-------	---------	----------
At 30 September 2021	79,681	1,975	9,000	37,007	127,663
	---------	-------	-------	---------	----------
Depreciation
At 1 October 2020	12,584	1,122	1,800	11,949	27,455
Charge for the year	7,292	395	900	9,567	18,154
	---------	-------	-------	---------	----------
At 30 September 2021	19,876	1,517	2,700	21,516	45,609
	---------	-------	-------	---------	----------
Carrying amount
At 30 September 2021	59,805	458	6,300	15,491	82,054
	---------	-------	-------	---------	----------
At 30 September 2020	45,792	853	7,200	11,124	64,969
	---------	-------	-------	---------	----------

6. Investments

	Shares in group undertakings
	£
Cost
At 1 October 2020	–
Additions	216
	----
At 30 September 2021	216
	----
Impairment
At 1 October 2020 and 30 September 2021	–
	----

Carrying amount
At 30 September 2021	216
	----
At 30 September 2020	–
	----

7. Debtors

	2021	2020
	£	£
Trade debtors	497,864	234,447
Amounts owed by group undertakings and undertakings in which the company has a participating interest	479,785	–
Other debtors	270,111	22,845
	-------------	----------
	1,247,760	257,292
	-------------	----------

8. Creditors: amounts falling due within one year

	2021	2020
	£	£
Trade creditors	222,957	64,353
Social security and other taxes	257,111	226,174
Other creditors	221,659	174,384
	----------	----------
	701,727	464,911
	----------	----------

9. Events after the end of the reporting period

On 14 March 2022 the company disposed of its shareholdings in Integrum Renewable Energy Ltd and Ortus Energy Ltd to the directors of this company. This was done at arms length.