Intrico Products Limited - Accounts to registrar (filleted) - small 18.1

REGISTERED NUMBER: 04974689 (England and Wales)

Intrico Products Limited

Unaudited Financial Statements for the Year Ended 31 December 2017

Page

Company Information

1

Chartered Accountants' Report

2

Balance Sheet

3

Notes to the Financial Statements

4

Directors:

Mr C Whitewood

Mrs C J Whitewood

Secretary:

Mr C Whitewood

Registered office:

Unit 1, Harrison's Farm Estate

Inglewhite Road

Goosnargh

Preston

Lancashire

PR3 2ED

Registered number:

04974689 (England and Wales)

Accountants:

RfM Fylde Limited

Summerdale

Head Dyke Lane

Pilling

Preston

Lancashire

PR3 6SJ

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.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the

financial statements of Intrico Products Limited for the year ended 31 December 2017 which comprise the Profit and

Loss Account, Balance Sheet, and the related notes from the company's accounting records and from information and

explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Intrico Products Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Intrico Products Limited and state those matters that we have agreed to state to the Board of Directors of Intrico Products Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Intrico Products Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Intrico Products Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Intrico Products Limited. You consider that Intrico Products Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Intrico Products Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

RfM Fylde Limited

Summerdale

Head Dyke Lane

Pilling

Preston

Lancashire

PR3 6SJ

19 April 2018

Fixed assets

Tangible assets

4

26,163

29,541

Current assets

Stocks

113,227

124,828

Debtors

5

67,835

48,345

Cash at bank

112,836

172,755

293,898

345,928

Creditors

Amounts falling due within one year

6

60,653

112,220

Net current assets

233,245

233,708

Total assets less current liabilities

259,408

263,249

Provisions for liabilities

7

4,076

4,731

Net assets

255,332

258,518

Capital and reserves

Called up share capital

8

100

100

Retained earnings

255,232

258,418

Shareholders' funds

255,332

258,518

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2017 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 of Part 15 of the Companies Act 2006 relating to small companies.

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 Board of Directors on 19 April 2018 and were signed on its behalf by:

Mr C Whitewood - Director

1.	Statutory information

Intrico Products 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 the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" 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 the cost less estimated residual value of each asset over its estimated useful life.

Plant and machinery

-

15% on reducing balance

Fixtures and fittings

-

15% 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 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.

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 3 (2016 - 3 ) .

4.	Tangible fixed assets

Fixtures

Short

Plant and

and

leasehold

machinery

fittings

Totals

£

£

£

£

Cost

At 1 January 2017

11,764

8,645

45,347

65,756

Additions

-

-

1,584

1,584

At 31 December 2017

11,764

8,645

46,931

67,340

Depreciation

At 1 January 2017

5,882

5,812

24,521

36,215

Charge for year

1,176

425

3,361

4,962

At 31 December 2017

7,058

6,237

27,882

41,177

Net book value

At 31 December 2017

4,706

2,408

19,049

26,163

At 31 December 2016

5,882

2,833

20,826

29,541

5.

Debtors: amounts falling due within one year

2017

2016

£

£

Trade debtors

66,335

39,535

Other debtors

1,500

8,810

67,835

48,345

6.

Creditors: amounts falling due within one year

2017

2016

£

£

Trade creditors

(360

)

64,968

Taxation and social security

25,389

18,790

Other creditors

35,624

28,462

60,653

112,220

7.	Provisions for liabilities

2017

2016

£

£

Deferred tax

Accelerated capital allowances

4,076

4,731

Deferred

tax

£

Balance at 1 January 2017

4,731

Credit to Income Statement during year

(655

)

Balance at 31 December 2017

4,076

8.	Called up share capital

Allotted, issued and fully paid:

Number:

Class:

Nominal

2017

2016

value:

£

£

100

Ordinary

£1

100

100