Intelligent Land Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 07359015 (England and Wales)

INTELLIGENT LAND LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2017

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr M Hewett

Mrs M Hewett

SECRETARY:

REGISTERED OFFICE:

Hillview Business Centre

2 Leybourne Avenue

Bournemouth

Dorset

BH10 6HF

REGISTERED NUMBER:

07359015 (England and Wales)

ACCOUNTANTS:

Alan W. Simons & Co.

Chartered Accountants

Hillview Business Centre

2 Leybourne Avenue

Bournemouth

Dorset

BH10 6HF

FIXED ASSETS

Tangible assets

4

23,808

33,717

CURRENT ASSETS

Debtors

5

197,323

62,736

Cash at bank and in hand

45,263

152,480

242,586

215,216

CREDITORS

Amounts falling due within one year

6

225,994

218,086

NET CURRENT ASSETS/(LIABILITIES)

16,592

(2,870

)

TOTAL ASSETS LESS CURRENT LIABILITIES

40,400

30,847

CREDITORS

Amounts falling due after more than one year

7

6,074

7,293

NET ASSETS

34,326

23,554

CAPITAL AND RESERVES

Called up share capital

100

2

Retained earnings

34,226

23,552

SHAREHOLDERS' FUNDS

34,326

23,554

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors on 27 September 2018 and were signed on its behalf by:

Mr M Hewett - Director

1.	STATUTORY INFORMATION

Intelligent Land 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 each asset over its estimated useful life.

Plant and machinery etc

-

25% on cost

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.

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 9 (2016 - 9 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 January 2017

89,051

Additions

2,679

At 31 December 2017

91,730

DEPRECIATION

At 1 January 2017

55,334

Charge for year

12,588

At 31 December 2017

67,922

NET BOOK VALUE

At 31 December 2017

23,808

At 31 December 2016

33,717

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Trade debtors

194,623

61,292

Other debtors

2,700

1,444

197,323

62,736

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Hire purchase contracts

1,219

1,219

Trade creditors

51,102

56,562

Taxation and social security

78,401

53,567

Other creditors

95,272

106,738

225,994

218,086

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2017

2016

£

£

Hire purchase contracts

6,074

7,293