Company Registration No. 09707104 (England and Wales)
Ingenio Construction Ltd
Unaudited accounts
for the year ended 26 December 2022
Ingenio Construction Ltd
Unaudited accounts
Contents
Ingenio Construction Ltd
Company Information
for the year ended 26 December 2022
Company Number
09707104 (England and Wales)
Registered Office
Suite 69 Churchill House
29 Mill Hill Road
Pontefract
West Yorkshire
WF8 4HY
ENGLAND
Ingenio Construction Ltd
Statement of financial position
as at 26 December 2022
Cash at bank and in hand
796
6,173
Creditors: amounts falling due within one year
(212,449)
(124,255)
Net current assets
27,110
35,311
Total assets less current liabilities
27,110
36,761
Creditors: amounts falling due after more than one year
(25,983)
(35,931)
Provisions for liabilities
Called up share capital
1
1
Profit and loss account
1,126
553
Shareholders' funds
1,127
554
For the year ending 26 December 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 director acknowledges his 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 and authorised for issue on 19 September 2023 and were signed on its behalf by
R J Oldham
Director
Company Registration No. 09707104
Ingenio Construction Ltd
Notes to the Accounts
for the year ended 26 December 2022
Ingenio Construction Ltd is a private company, limited by shares, registered in England and Wales, registration number 09707104. The registered office is Suite 69 Churchill House, 29 Mill Hill Road, Pontefract, West Yorkshire, WF8 4HY, 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.
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 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 sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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:
Plant & machinery
25% straight line
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
Ingenio Construction Ltd
Notes to the Accounts
for the year ended 26 December 2022
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term.
Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
4
Tangible fixed assets
Plant & machinery
At 27 December 2021
19,880
At 26 December 2022
18,385
At 27 December 2021
18,430
At 26 December 2022
18,385
Amounts falling due within one year
Trade debtors
10,647
2,262
Other debtors
211,792
131,304
6
Creditors: amounts falling due within one year
2022
2021
Bank loans and overdrafts
10,000
10,000
Taxes and social security
65,843
39,705
7
Creditors: amounts falling due after more than one year
2022
2021
Ingenio Construction Ltd
Notes to the Accounts
for the year ended 26 December 2022
Allotted, called up and fully paid:
1 Ordinary shares of £1 each
1
1
Brought
Forward
Advance/
credit
Repaid
Carried
Forward
Directors Loan Account
131,304
80,488
-
211,792
The above loans are included in Other Debtors and repayable on demand.
10
Average number of employees
During the year the average number of employees was 3 (2021: 2).
