INTUITION DISCOVERY AND DEVELOPMENT LTD

INTUITION DISCOVERY AND DEVELOPMENT LTD

INTUITION DISCOVERY AND DEVELOPMENT LTD - Company Information

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Company Registration No. 4767110 (England and Wales)
INTUITION DISCOVERY AND DEVELOPMENT LTD Unaudited accounts for the year ended 31 August 2022
INTUITION DISCOVERY AND DEVELOPMENT LTD Unaudited accounts Contents
Page
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INTUITION DISCOVERY AND DEVELOPMENT LTD Company Information for the year ended 31 August 2022
Directors
Michelle Crossland Michelle Kelly
Company Number
4767110 (England and Wales)
Registered Office
WESTCOTT 68 TIBBERTON NEWPORT SHROPSHIRE TF10 8NX ENGLAND
Accountants
JB Accounting & Payroll Limited Office 9 The Civic Centre Martins Way Stourport-on-Severn Worcestershire DY13 8UJ
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INTUITION DISCOVERY AND DEVELOPMENT LTD Accountants' report
Accountants' report to the board of directors of INTUITION DISCOVERY AND DEVELOPMENT LTD on the preparation of the unaudited statutory accounts for the year ended 31 August 2022
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of INTUITION DISCOVERY AND DEVELOPMENT LTD for the year ended 31 August 2022 as set out on pages 5 - 7 from the company's accounting records and from information and explanations you have given us.
This report is made solely to the Board of Directors of INTUITION DISCOVERY AND DEVELOPMENT LTD, as a body, in accordance with the terms of our engagement. Our work has been undertaken solely to prepare for your approval the accounts of INTUITION DISCOVERY AND DEVELOPMENT LTD and state those matters that we have agreed to state to them, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than INTUITION DISCOVERY AND DEVELOPMENT LTD and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that INTUITION DISCOVERY AND DEVELOPMENT LTD has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of INTUITION DISCOVERY AND DEVELOPMENT LTD. You consider that INTUITION DISCOVERY AND DEVELOPMENT LTD 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 accounts of INTUITION DISCOVERY AND DEVELOPMENT LTD. 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 accounts.
JB Accounting & Payroll Limited Office 9 The Civic Centre Martins Way Stourport-on-Severn Worcestershire DY13 8UJ 15 May 2023
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INTUITION DISCOVERY AND DEVELOPMENT LTD Statement of financial position as at 31 August 2022
2022 
2021 
Notes
£ 
£ 
Current assets
Debtors
5
31,359 
37,033 
Cash at bank and in hand
165,755 
147,462 
197,114 
184,495 
Creditors: amounts falling due within one year
6
(147,221)
(138,784)
Net current assets
49,893 
45,711 
Net assets
49,893 
45,711 
Capital and reserves
Called up share capital
40 
40 
Share premium
39,990 
39,990 
Profit and loss account
9,863 
5,681 
Shareholders' funds
49,893 
45,711 
For the year ending 31 August 2022 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 15 May 2023 and were signed on its behalf by
Michelle Crossland Director Company Registration No. 4767110
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INTUITION DISCOVERY AND DEVELOPMENT LTD Notes to the Accounts for the year ended 31 August 2022
1
Statutory information
INTUITION DISCOVERY AND DEVELOPMENT LTD is a private company, limited by shares, registered in England and Wales, registration number 4767110. The registered office is WESTCOTT 68, TIBBERTON, NEWPORT, SHROPSHIRE, TF10 8NX, 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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
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:
Plant & machinery
reducing balance over 7 years
4
Tangible fixed assets
Plant & machinery 
£ 
Cost or valuation
At cost 
At 1 September 2021
971 
At 31 August 2022
971 
Depreciation
At 1 September 2021
971 
At 31 August 2022
971 
Net book value
At 31 August 2022
- 
5
Debtors
2022 
2021 
£ 
£ 
Amounts falling due within one year
Trade debtors
31,359 
37,033 
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INTUITION DISCOVERY AND DEVELOPMENT LTD Notes to the Accounts for the year ended 31 August 2022
6
Creditors: amounts falling due within one year
2022 
2021 
£ 
£ 
VAT
8,500 
- 
Trade creditors
600 
600 
Taxes and social security
31,901 
34,984 
Deferred income
106,220 
103,200 
147,221 
138,784 
7
Average number of employees
During the year the average number of employees was 0 (2021: 0).
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