Intreface Limited - Accounts to registrar (filleted) - small 18.2

Intreface Limited - Accounts to registrar (filleted) - small 18.2

INTREFACE LIMITED - Company Information

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REGISTERED NUMBER: 06876062 (England and Wales)















INTREFACE LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2020






INTREFACE LIMITED (REGISTERED NUMBER: 06876062)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2020










Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


INTREFACE LIMITED


COMPANY INFORMATION
FOR THE YEAR ENDED 31 OCTOBER 2020







DIRECTOR: D A Edwards





SECRETARY: D A Edwards





REGISTERED OFFICE: 23 Jetstream Drive
Fountain Court
Doncaster
South Yorkshire
DN9 3QS





REGISTERED NUMBER: 06876062 (England and Wales)





Page 1
INTREFACE LIMITED (REGISTERED NUMBER: 06876062)


ABRIDGED BALANCE SHEET
31 OCTOBER 2020

2020 2019
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 172,467 178,746

CURRENT ASSETS
Debtors 77,205 49,689
Cash at bank and in hand 11,392 8,678
88,597 58,367
CREDITORS
Amounts falling due within one year 134,983 107,459
NET CURRENT LIABILITIES (46,386 ) (49,092 )
TOTAL ASSETS LESS CURRENT
LIABILITIES
126,081
129,654

CREDITORS
Amounts falling due after more than one
year
5
(124,040
)
(108,642
)

PROVISIONS FOR LIABILITIES (496 ) (996 )
NET ASSETS 1,545 20,016

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings 545 19,016
SHAREHOLDERS' FUNDS 1,545 20,016

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

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

The director acknowledges his 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 notes form part of these financial statements

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INTREFACE LIMITED (REGISTERED NUMBER: 06876062)


ABRIDGED BALANCE SHEET - continued
31 OCTOBER 2020


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Profit and loss account and an abridged Balance Sheet for the year ended 31 October 2020 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Profit and loss account has not been delivered.

The financial statements were approved by the director and authorised for issue on 28 July 2021 and were signed by:





D A Edwards - Director


The notes form part of these financial statements

Page 3
INTREFACE LIMITED (REGISTERED NUMBER: 06876062)


NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2020


1. STATUTORY INFORMATION

Intreface 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.

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.
Land and buildings - 2% on cost
Plant and machinery etc - 25% on reducing balance, 2% on cost and Straight line over 3 years

Government grants
Grant income relating to revenue is recognised on an accruals basis. Income is recognised on a systematic basis over the periods in which the entity recognises the related costs for which the grant is intended to compensate. A grant that becomes receivable as compensation for expenses or losses already incurred or for the purpose of giving immediate financial support with no future related costs is recognised in income in the period in which it becomes receivable.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and loss account, 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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Page 4 continued...
INTREFACE LIMITED (REGISTERED NUMBER: 06876062)


NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2020


2. ACCOUNTING POLICIES - continued

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 5 (2019 - 4 ) .

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 November 2019 210,759
Additions 1,689
At 31 October 2020 212,448
DEPRECIATION
At 1 November 2019 32,013
Charge for year 7,968
At 31 October 2020 39,981
NET BOOK VALUE
At 31 October 2020 172,467
At 31 October 2019 178,746

5. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN FIVE
YEARS
2020 2019
£    £   
Repayable by instalments
Bank loans more 5 yr by instal 33,545 41,958

6. SECURED DEBTS

The following secured debts are included within creditors:

2020 2019
£    £   
Bank overdraft 485 -
Bank loans 140,411 101,434
140,896 101,434

The overdraft is secured by a fixed and floating charge over all the company's assets. The mortgage is secured by the leasehold property.

Page 5 continued...
INTREFACE LIMITED (REGISTERED NUMBER: 06876062)


NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2020


7. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 October 2020 and 31 October 2019:

2020 2019
£    £   
D A Edwards
Balance outstanding at start of year - -
Amounts advanced 26,285 -
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 26,285 -

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