Inter-Tech QED Limited - Accounts to registrar (filleted) - small 23.2.5

REGISTERED NUMBER: 07393890 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2023

FOR

INTER-TECH QED LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

R Halle

Mrs J Halle

REGISTERED OFFICE:

Foxleaze

Wellow

BATH

Somerset

BA2 8PU

REGISTERED NUMBER:

07393890 (England and Wales)

ACCOUNTANTS:

Ekins & Co (Swindon)

Accountants and Tax Advisors

1 Cricklade Court

Cricklade Street

Old Town

SWINDON

Wiltshire

SN1 3EY

FIXED ASSETS

Tangible assets

4

39,152

51,437

Investments

5

147,416

98,211

186,568

149,648

CURRENT ASSETS

Debtors

6

94,819

7,332

Cash at bank

90,395

94,854

185,214

102,186

CREDITORS

Amounts falling due within one year

7

145,022

29,997

NET CURRENT ASSETS

40,192

72,189

TOTAL ASSETS LESS CURRENT LIABILITIES

226,760

221,837

CREDITORS

Amounts falling due after more than one year

8

40,153

48,516

NET ASSETS

186,607

173,321

CAPITAL AND RESERVES

Called up share capital

50

50

Retained earnings

186,557

173,271

SHAREHOLDERS' FUNDS

186,607

173,321

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 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 15 December 2023 and were signed on its behalf by:

R Halle - Director

1.	STATUTORY INFORMATION

Inter-Tech QED 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 as modified by the revaluation of certain assets.

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 - 25% reducing balance

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.

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 4 (2022 - 4 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 April 2022

67,919

Additions

449

At 31 March 2023

68,368

DEPRECIATION

At 1 April 2022

16,482

Charge for year

12,734

At 31 March 2023

29,216

NET BOOK VALUE

At 31 March 2023

39,152

At 31 March 2022

51,437

5.	FIXED ASSET INVESTMENTS

Investments (neither listed nor unlisted) were as follows:

31.3.23

31.3.22

£

£

Gold

147,416

98,211

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.23

31.3.22

£

£

Trade debtors

94,819

7,332

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.23

31.3.22

£

£

Trade creditors

(100

)

-

Taxation and social security

30,409

21,600

Other creditors

114,713

8,397

145,022

29,997

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.23

31.3.22

£

£

Hire purchase contracts

40,153

48,516