ACCOUNTS - Final Accounts

INTERNATION LIMITED - Company Information

Caseware UK (AP4) 2022.0.179 2022.0.179 2023-05-312023-05-312022-06-01falseNo description of principal activity11falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 03059665 2022-06-01 2023-05-31 03059665 2021-06-01 2022-05-31 03059665 2023-05-31 03059665 2022-05-31 03059665 c:CompanySecretary1 2022-06-01 2023-05-31 03059665 c:Director1 2022-06-01 2023-05-31 03059665 c:RegisteredOffice 2022-06-01 2023-05-31 03059665 d:OfficeEquipment 2022-06-01 2023-05-31 03059665 d:OfficeEquipment 2023-05-31 03059665 d:OfficeEquipment 2022-05-31 03059665 d:OfficeEquipment d:OwnedOrFreeholdAssets 2022-06-01 2023-05-31 03059665 d:CurrentFinancialInstruments 2023-05-31 03059665 d:CurrentFinancialInstruments 2022-05-31 03059665 d:CurrentFinancialInstruments d:WithinOneYear 2023-05-31 03059665 d:CurrentFinancialInstruments d:WithinOneYear 2022-05-31 03059665 d:ShareCapital 2023-05-31 03059665 d:ShareCapital 2022-05-31 03059665 d:RetainedEarningsAccumulatedLosses 2023-05-31 03059665 d:RetainedEarningsAccumulatedLosses 2022-05-31 03059665 c:FRS102 2022-06-01 2023-05-31 03059665 c:AuditExempt-NoAccountantsReport 2022-06-01 2023-05-31 03059665 c:FullAccounts 2022-06-01 2023-05-31 03059665 c:PrivateLimitedCompanyLtd 2022-06-01 2023-05-31 03059665 2 2022-06-01 2023-05-31 03059665 6 2022-06-01 2023-05-31 03059665 e:PoundSterling 2022-06-01 2023-05-31 iso4217:GBP xbrli:pure

Registered number: 03059665

INTERNATION LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2023

INTERNATION LIMITED

COMPANY INFORMATION

DIRECTOR	L. G. Caldwell


COMPANY SECRETARY	MCS Formations Limited


REGISTERED NUMBER	03059665


REGISTERED OFFICE	1st Floor Sackville House
	143-149 Fenchurch Street
	London
	EC3M 6BL

INTERNATION LIMITED

CONTENTS

	Page
Balance Sheet	1 - 2
Notes to the Financial Statements	3 - 6

INTERNATION LIMITED

REGISTERED NUMBER: 03059665

BALANCE SHEET

AS AT 31 MAY 2023

		2023		2022
Note		£		£

Fixed assets
Tangible assets	5		3,897		3,490
Investments	6		225		225
			4,122		3,715
Current assets
Debtors	7	41,800		215,120
Bank and cash balances		3,306		28,789
		45,106		243,909
Creditors: amounts falling due within one year	8	(14,109)		(79,590)
Net current assets			30,997		164,319
Net assets			35,119		168,034

Capital and reserves
Allotted, called up and fully paid share capital	990	990
Profit and loss account	34,129	167,044
Equity shareholder's funds	35,119	168,034

Page 1

INTERNATION LIMITED

REGISTERED NUMBER: 03059665

BALANCE SHEET (CONTINUED)

AS AT 31 MAY 2023

The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

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

The Company has opted not to file the Director's Report and Statement of Income and Retained Earnings in accordance with provisions applicable to companies subject to the small companies regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 28 February 2024.

L. G. Caldwell

Director

The notes on pages 3 to 6 form part of these financial statements.

Page 2

INTERNATION LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2023

1.	General information

Internation Limited (company number: 03059665), having its registered office at 1st Floor, Sackville House, 143-149 Fenchurch Street, London, EC3M 6BL, is a private limited company incorporated in England and Wales.
The principal place of business of the Company is Apartment 902 Lessing Building, Heritage Lane, London, NW6 2BF.

2.Accounting policies

2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

2.2

Statement of Cash Flows

The Company has taken advantage of the exemption from Financial Reporting Standard 102 Section 1A.7 from the requirement to produce a Statement of Cash Flows on the grounds that it is a small company.

2.3

Turnover

Turnover is recognised to the extent that it is probable that the economic benefits will flow to the Company and the turnover can be reliably measured. Turnover is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before turnover is recognised:

Rendering of services

Turnover from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:

∙the amount of turnover can be measured reliably;

∙it is probable that the Company will receive the consideration due under the contract;

∙the stage of completion of the contract at the end of the reporting period can be measured reliably; and

∙the costs incurred and the costs to complete the contract can be measured reliably.

2.4

Tangible fixed assets and depreciation

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Page 3

INTERNATION LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2023

2.Accounting policies (continued)

2.4

Tangible fixed assets and depreciation (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Office equipment

25%

reducing balance

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in the Statement of Income and Retained Earnings.

2.5

Valuation of investments

Investments in unlisted company shares are stated at historic cost less impairment.

2.6

Debtors

Short-term debtors are measured at transaction price, less any impairment.

2.7

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.
Debt instruments that are payable or receivable within one year, typically trade debtors and creditors, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid or received.

2.8

Creditors

Short-term creditors are measured at the transaction price.

2.9

Dividends

Equity dividends are recognised when they become legally payable.

2.10

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance Sheet. The assets of the plan are held separately from the Company in independently administered funds.

Page 4

INTERNATION LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2023

2.Accounting policies (continued)

2.11

Interest income

Interest income is recognised in the Statement of Income and Retained Earnings using the effective interest method.

Employees

The average monthly number of employees, including directors, during the year was 1 (2022 - 1).

4.	Dividends
		2023	2022
		£	£

Dividends paid on equity capital

56,000

80,000

5.	Tangible fixed assets

		Office equipment
		£
	Cost
	At 1 June 2022	12,944
	Additions	1,624
	At 31 May 2023	14,568
	Depreciation
	At 1 June 2022	9,454
	Charge for the year on owned assets	1,217
	At 31 May 2023	10,671
	Net book value
	At 31 May 2023	3,897
	At 31 May 2022	3,490

Page 5

INTERNATION LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2023

6.	Fixed asset investments

		Other fixed asset investments
		£
	Cost
	At June 2022 and 31 May 2023	225

Debtors

					2023	2022
					£	£

Due within one year
Trade debtors	11,520	87,120
Other debtors	280	60,000
Prepayments and accrued income	30,000	68,000
	41,800	215,120

8.	Creditors: Amounts falling due within one year
		2023	2022
		£	£

Trade creditors	-	48,000
Other taxation and social security	190	19,171
Other creditors	10,259	10,259
Accruals and deferred income	3,660	2,160
	14,109	79,590

9.	Pension commitments

In the current year, the Company made contributions to a personal pension scheme of the Director. The assets of the scheme are held separately from those of the Company in an independently administered fund. The pension cost charge represents the contributions made by the Company of £3,000 (2022: £5,000). There were no amounts payable to the fund at the Balance Sheet date.

Page 6