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

REGISTERED NUMBER: 07784209 (England and Wales)

INTELLIWORX LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2018

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

G S Bassi

SECRETARY:

Mrs R K Bassi

REGISTERED OFFICE:

2 Haytor Rise

Coventry

CV2 3LE

REGISTERED NUMBER:

07784209 (England and Wales)

ACCOUNTANTS:

Shah & Co (Accountants) Ltd

Chartered Certified Accountants

Cash's Business Centre

1st Floor

228 Widdrington Road

Coventry

West Midlands

CV1 4PB

FIXED ASSETS

Tangible assets

4

1,094

886

CURRENT ASSETS

Debtors

5

10,944

6,307

Cash at bank

80,486

57,054

91,430

63,361

CREDITORS

Amounts falling due within one year

6

13,648

10,570

NET CURRENT ASSETS

77,782

52,791

TOTAL ASSETS LESS CURRENT LIABILITIES

78,876

53,677

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

78,776

53,577

SHAREHOLDERS' FUNDS

78,876

53,677

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

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

The director acknowledges his 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 Income Statement has not been delivered.

The financial statements were approved by the director on 5 November 2018 and were signed by:

G S Bassi - Director

1.	STATUTORY INFORMATION

Intelliworx 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,

value added tax and other sales taxes.

Tangible fixed assets

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

Plant and machinery

-

25% on cost

Office furniture

-

25% on cost

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

3.	EMPLOYEES AND DIRECTORS

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

4.	TANGIBLE FIXED ASSETS

Plant and

Office

machinery

furniture

Totals

£

£

£

COST

At 1 October 2017

2,038

209

2,247

Additions

752

-

752

At 30 September 2018

2,790

209

2,999

DEPRECIATION

At 1 October 2017

1,205

156

1,361

Charge for year

492

52

544

At 30 September 2018

1,697

208

1,905

NET BOOK VALUE

At 30 September 2018

1,093

1

1,094

At 30 September 2017

833

53

886

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.9.18

30.9.17

£

£

Trade debtors

10,944

6,307

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.9.18

30.9.17

£

£

Trade creditors

18

37

Taxation and social security

13,630

10,533

13,648

10,570

7.	RELATED PARTY DISCLOSURES

During the year dividends paid to Mr G S Bassi, the director, and his spouse, in their capacity as the shareholders

of the company amounted to £16,500 (2017: £21,667).

8.	ULTIMATE CONTROLLING PARTY

The controlling party is G S Bassi.