Intego Corporate Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 08181693 (England and Wales)

Unaudited Financial Statements for the Year Ended 31st December 2020

for

Intego Corporate Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

Report of the Accountants

7

DIRECTORS:

P Tydeman

K C Tydeman

REGISTERED OFFICE:

69 Old Broad Street

London

EC2M 1QS

REGISTERED NUMBER:

08181693 (England and Wales)

ACCOUNTANTS:

Integrity Tax

May Cottage

Ashfield Road

Norton

Bury St Edmunds

Suffolk

IP31 3NF

FIXED ASSETS

Tangible assets

4

17,224

14,687

CURRENT ASSETS

Stocks

241,523

176,337

Debtors

5

223,608

248,163

Cash at bank

87,640

44,516

552,771

469,016

CREDITORS

Amounts falling due within one year

6

482,618

439,423

NET CURRENT ASSETS

70,153

29,593

TOTAL ASSETS LESS CURRENT LIABILITIES

87,377

44,280

CREDITORS

Amounts falling due after more than one year

7

50,000

-

NET ASSETS

37,377

44,280

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

37,277

44,180

37,377

44,280

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st December 2020.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st December 2020 in accordance with Section 476 of the Companies Act 2006.

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.

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 28th September 2021 and were signed on its behalf by:

P Tydeman - Director

1.	STATUTORY INFORMATION

Intego Corporate Ltd 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.

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.

Turnover

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

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

-

20% on reducing balance

Computer equipment

-

33% on reducing balance

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 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.

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.

Going concern

The accounts have been prepared on a going concern basis. The directors consider this appropriate based on profit and cashflow forecasts prepared to December 2021. Like most businesses trade has been affected by the coronavirus pandemic and the directors have taken out a Bounce Back Loan from the bank to ease their working capital requirements. However, they are confident that these measures are sufficient for them to continue to trade as normal for at least the next 12 months.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2019 - 4 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Computer

machinery

equipment

Totals

£

£

£

COST

At 1st January 2020

20,665

3,891

24,556

Additions

4,536

3,065

7,601

At 31st December 2020

25,201

6,956

32,157

DEPRECIATION

At 1st January 2020

7,576

2,293

9,869

Charge for year

3,525

1,539

5,064

At 31st December 2020

11,101

3,832

14,933

NET BOOK VALUE

At 31st December 2020

14,100

3,124

17,224

At 31st December 2019

13,089

1,598

14,687

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.20

31.12.19

£

£

Trade debtors

119,927

164,419

Other debtors

103,681

83,744

223,608

248,163

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.20

31.12.19

£

£

Hire purchase contracts (see note 8)

-

4,635

Trade creditors

266,215

175,038

Taxation and social security

3,736

3,132

Other creditors

212,667

256,618

482,618

439,423

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.12.20

31.12.19

£

£

Other creditors

50,000

-

8.	LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts

31.12.20

31.12.19

£

£

Net obligations repayable:

Within one year

-

4,635

Non-cancellable operating

leases

31.12.20

31.12.19

£

£

Within one year

18,090

64,593

Between one and five years

48,965

54,900

67,055

119,493

9.	OTHER FINANCIAL COMMITMENTS

As at the 31st December 2020 the company had financial commitments of foreign exchange contracts £625,054, 2019: £379,643.

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 31st December 2020 set out on pages two to three and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.

Integrity Tax

May Cottage

Ashfield Road

Norton

Bury St Edmunds

Suffolk

IP31 3NF

28th September 2021