Company Registration No. 6783723 (England and Wales)
Intevi Limited
Unaudited accounts
for the year ended 31 December 2019
Intevi Limited
Unaudited accounts
Contents
Intevi Limited
Company Information
for the year ended 31 December 2019
Directors
Tom Scott
Adam Wilson
Company Number
6783723 (England and Wales)
Registered Office
Unit 5
Meridian Office Park
Hook
Hampshire
RG27 9HY
Accountants
Tailored Accountancy Ltd
5 Tanners Yard
London Road
Bagshot
Surrey
GU19 5HD
Chartered Management Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of
Intevi Limited
for the year ended 31 December 2019
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Intevi Limited for the year ended 31 December 2019 which comprise of the Profit and Loss Account, the 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 Chartered Institute of Management Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.cimaglobal.com.
Our work has been undertaken in accordance with the requirements of the Chartered Institute of Management Accountants as detailed at http://www.cimaglobal.com.
Tailored Accountancy Ltd
Chartered Management Accountants
5 Tanners Yard
London Road
Bagshot
Surrey
GU19 5HD
1 April 2020
Intevi Limited
Statement of financial position
as at
31 December 2019
Intangible assets
90,000
-
Tangible assets
51,129
38,012
Investments
13,912
13,912
Inventories
122,084
100,000
Debtors
2,200,010
1,284,134
Cash at bank and in hand
1,438,956
441,857
Creditors: amounts falling due within one year
(1,589,744)
(844,809)
Net current assets
2,171,306
981,182
Total assets less current liabilities
2,326,347
1,033,106
Provisions for liabilities
Deferred tax
(9,636)
(7,525)
Net assets
2,316,711
1,025,581
Called up share capital
200
200
Profit and loss account
2,316,511
1,025,381
Shareholders' funds
2,316,711
1,025,581
For the year ending 31 December 2019 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 24 September 2020 and were signed on its behalf by
Tom Scott
Director
Company Registration No. 6783723
Intevi Limited
Notes to the Accounts
for the year ended 31 December 2019
Intevi Limited is a private company, limited by shares, registered in England and Wales, registration number 6783723. The registered office is Unit 5 , Meridian Office Park, Hook, Hampshire, RG27 9HY.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard. The accounts
have been delivered in accordance with the small companies regime.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Tangible fixed assets policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% straight line
Motor vehicles
25% straight line
Fixtures & fittings
20% straight line
Expenditure on research and development is written off in the year in which it is incurred.
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
Intevi Limited
Notes to the Accounts
for the year ended 31 December 2019
4
Intangible fixed assets
Other
At 31 December 2019
100,000
Charge for the year
10,000
At 31 December 2019
10,000
At 31 December 2019
90,000
5
Tangible fixed assets
Plant & machinery
Motor vehicles
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At cost
At 1 January 2019
51,270
600
24,099
75,969
Additions
29,914
627
4,180
34,721
Disposals
-
(600)
-
(600)
At 31 December 2019
81,184
627
28,279
110,090
At 1 January 2019
26,904
208
10,845
37,957
Charge for the year
16,248
92
4,872
21,212
On disposals
-
(208)
-
(208)
At 31 December 2019
43,152
92
15,717
58,961
At 31 December 2019
38,032
535
12,562
51,129
At 31 December 2018
24,366
392
13,254
38,012
6
Investments
Subsidiary undertakings
Valuation at 1 January 2019
13,912
Valuation at 31 December 2019
13,912
100 Shares of Intevi Incorp US bought for 20,000 USD
Finished goods
122,084
100,000
Intevi Limited
Notes to the Accounts
for the year ended 31 December 2019
Trade debtors
1,711,553
989,339
Amounts due from group undertakings etc.
403,107
257,454
Accrued income and prepayments
76,525
34,445
Other debtors
8,825
2,896
9
Creditors: amounts falling due within one year
2019
2018
Trade creditors
251,533
282,610
Taxes and social security
505,898
198,517
Other creditors
36,019
1,848
Loans from directors
-
(100)
Deferred income
536,306
358,570
10
Share capital
2019
2018
Allotted, called up and fully paid:
200 Ordinary shares of £1 each
200
200
11
Operating lease commitments
2019
2018
At 31 December 2019 the company has total minimum future payment commitments under non-cancellable operating leases as follows:
Operating leases expiring:
Within two to five years
69,360
104,040
Brought
Forward
Advance/
credit
Repaid
Carried
Forward
13
Average number of employees
During the year the average number of employees was 31 (2018: 23).