Company Registration No. 08893113 (England and Wales)
INTELLIGIANTS LTD.
Unaudited accounts
for the year ended 31 March 2020
INTELLIGIANTS LTD.
Unaudited accounts
Contents
INTELLIGIANTS LTD.
Company Information
for the year ended 31 March 2020
Directors
D. J. Laming
A. M. R. Stubbs
L. M. Stubbs
Company Number
08893113 (England and Wales)
Registered Office
RECTORY FARM NEW ROAD
WESTON TURVILLE
AYLESBURY
BUCKINGHAMSHIRE
HP22 5QY
ENGLAND
INTELLIGIANTS LTD.
Statement of financial position
as at
31 March 2020
Tangible assets
776,222
673,052
Cash at bank and in hand
5,118
260
Creditors: amounts falling due within one year
(58,854)
(65,879)
Net current assets
139,439
103,699
Total assets less current liabilities
915,661
776,751
Creditors: amounts falling due after more than one year
(81,956)
(723)
Net assets
833,705
776,028
Called up share capital
100
100
Profit and loss account
833,605
775,928
Shareholders' funds
833,705
776,028
For the year ending 31 March 2020 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 26 May 2021 and were signed on its behalf by
A. M. R. Stubbs
Director
Company Registration No. 08893113
INTELLIGIANTS LTD.
Notes to the Accounts
for the year ended 31 March 2020
INTELLIGIANTS LTD. is a private company, limited by shares, registered in England and Wales, registration number 08893113. The registered office is RECTORY FARM NEW ROAD, WESTON TURVILLE, AYLESBURY, BUCKINGHAMSHIRE, HP22 5QY, ENGLAND.
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 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.
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.
After due consideration, the directors do not expect that COVID-19 will impact the company's operations to the extent that it would cast doubt on the ability of the company to continue as a going concern.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Computer equipment
10% and 20% reducing balance
Other tangible fixed assets
20% reducing balance
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.
Short term debtors are measured at the transaction price, less any impairment.
Short term creditors are measured at the transaction price.
Research and Development Tax Credits
Research and development tax credits are recognised when there is reasonable assurance they will be received.
INTELLIGIANTS LTD.
Notes to the Accounts
for the year ended 31 March 2020
4
Tangible fixed assets
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 April 2019
-
859,768
859,768
Additions
987
179,012
179,999
At 31 March 2020
987
1,038,780
1,039,767
At 1 April 2019
-
186,716
186,716
Charge for the year
99
76,730
76,829
At 31 March 2020
99
263,446
263,545
At 31 March 2020
888
775,334
776,222
At 31 March 2019
-
673,052
673,052
5
Debtors: amounts falling due within one year
2020
2019
Trade debtors
89,074
80,233
Other debtors
104,101
89,085
6
Creditors: amounts falling due within one year
2020
2019
Trade creditors
37,000
22,000
Taxes and social security
-
8,128
7
Creditors: amounts falling due after more than one year
2020
2019
Other creditors
81,956
723
8
Average number of employees
During the year the average number of employees was 2 (2019: 2).