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

REGISTERED NUMBER: 03016146 (England and Wales)

Unaudited Financial Statements for the Year Ended 30th June 2018

for

INTROGROUP Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Ms C D Andrews

SECRETARY:

Mrs P A Phillips

REGISTERED OFFICE:

1 Tolherst Court

Turkey Mill

Ashford Road

Maidstone

Kent

ME14 5SF

REGISTERED NUMBER:

03016146 (England and Wales)

ACCOUNTANTS:

Haines Watts Kent LLP

4 Kings Row

Armstrong Road

Maidstone

Kent

ME15 6AQ

FIXED ASSETS

Tangible assets

4

502,900

516,704

Investments

5

10,098

10,098

512,998

526,802

CURRENT ASSETS

Debtors

6

238,349

17,667

Cash at bank and in hand

412,612

11,303

650,961

28,970

CREDITORS

Amounts falling due within one year

7

774,116

290,182

NET CURRENT LIABILITIES

(123,155

)

(261,212

)

TOTAL ASSETS LESS CURRENT LIABILITIES

389,843

265,590

CREDITORS

Amounts falling due after more than one year

8

42,300

76,200

NET ASSETS

347,543

189,390

CAPITAL AND RESERVES

Called up share capital

10

7,646

7,646

Capital redemption reserve

2,352

2,352

Retained earnings

337,545

179,392

SHAREHOLDERS' FUNDS

347,543

189,390

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th June 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th June 2018 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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 director on 26th November 2018 and were signed by:

Ms C D Andrews - Director

1.	STATUTORY INFORMATION

INTROGROUP 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.

Significant judgements and estimates

No significant judgements have had to be made by management in preparing these financial

statements.

Turnover

Turnover represents management and consultancy income earned, net of value added tax.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Freehold property

-

2% on cost

Fixtures and fittings

-

15% on cost

Computer equipment

-

33% on cost

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost, less provision for any diminution in

value.

Financial instruments

Debtors, creditors and loans which are repayable within one year with no stated interest rate are

recorded at transaction price. Any losses arising from impairment are recognised in the Profit and

Loss Account under other administrative expenses.

Loans and borrowings which are payable in more than one year are initially recognised at the

transaction price including transaction costs. Subsequently they are measured at amortised cost

using the effective interest method, less impairment.

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.

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.

Going concern

The accounts have been prepared on the going concern basis. Creditors include amounts owed to the

subsidiary company, which has confirmed its continuing support. On this basis, no material

uncertainties that may cast significant doubt about the ability of the company to continue as a going

concern have been identified by the director.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2017 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1st July 2017

575,447

29,098

604,545

Disposals

-

(11,100

)

(11,100

)

At 30th June 2018

575,447

17,998

593,445

DEPRECIATION

At 1st July 2017

62,351

25,490

87,841

Charge for year

11,508

2,296

13,804

Eliminated on disposal

-

(11,100

)

(11,100

)

At 30th June 2018

73,859

16,686

90,545

NET BOOK VALUE

At 30th June 2018

501,588

1,312

502,900

At 30th June 2017

513,096

3,608

516,704

5.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

At 1st July 2017

and 30th June 2018

10,098

NET BOOK VALUE

At 30th June 2018

10,098

At 30th June 2017

10,098

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Trade debtors

174

-

Amounts owed by group undertakings

219,670

-

Other debtors

18,505

17,667

238,349

17,667

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Bank loans and overdrafts

33,600

33,300

Trade creditors

13,087

3,934

Amounts owed to group undertakings

487,819

201,523

Taxation and social security

24,760

7,157

Other creditors

214,850

44,268

774,116

290,182

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2018

2017

£

£

Bank loans

42,300

76,200

9.	SECURED DEBTS

The following secured debts are included within creditors:

2018

2017

£

£

Bank loans

75,900

109,500

The bank loan and overdraft are secured by a debenture over the company's assets and a first

charge over the company's property.

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2018

2017

value:

£

£

764,600

Ordinary

£0.01

7,646

7,646

11.	RELATED PARTY DISCLOSURES