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REGISTERED NUMBER: 03975170 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2024

for

Intamac Systems Limited

Intamac Systems Limited (Registered number: 03975170)






Contents of the Financial Statements
for the Year Ended 31 December 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Intamac Systems Limited

Company Information
for the Year Ended 31 December 2024







DIRECTORS: W J Flind
G G Littlewood





REGISTERED OFFICE: Hillcrest
22 Church Street
Blakesley
Towcester
NN12 8RA





REGISTERED NUMBER: 03975170 (England and Wales)





ACCOUNTANTS: BFN Accounts & Tax Limited
Hillcrest
22 Church Street
Blakesley
Towcester
Northamptonshire
NN12 8RA

Intamac Systems Limited (Registered number: 03975170)

Balance Sheet
31 December 2024

31.12.24 31.12.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,391 780

CURRENT ASSETS
Stocks - 24,867
Debtors 5 115,939 114,700
Cash at bank 16,202 34,304
132,141 173,871
CREDITORS
Amounts falling due within one year 6 1,099,723 1,107,545
NET CURRENT LIABILITIES (967,582 ) (933,674 )
TOTAL ASSETS LESS CURRENT LIABILITIES (966,191 ) (932,894 )

CREDITORS
Amounts falling due after more than one year 7 24,600 24,600
NET LIABILITIES (990,791 ) (957,494 )

CAPITAL AND RESERVES
Called up share capital 3,171,414 3,171,414
Share premium 9,766,371 9,766,371
Capital redemption reserve 748,770 748,770
Retained earnings (14,677,346 ) (14,644,049 )
(990,791 ) (957,494 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 16 January 2025 and were signed on its behalf by:





G G Littlewood - Director


Intamac Systems Limited (Registered number: 03975170)

Notes to the Financial Statements
for the Year Ended 31 December 2024

1. STATUTORY INFORMATION

Intamac Systems 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.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
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.

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.

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.

Going concern
The directors have considered budgets and forecasts as well as confirmation from loan note holders that they do not currently intend to seek any repayments of the loan notes together with the premium and are satisfied on this basis that preparing the financial statements on the going concern basis is appropriate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2023 - 6 ) .

Intamac Systems Limited (Registered number: 03975170)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024

4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 January 2024 1,437 13,789 15,226
Additions - 2,216 2,216
At 31 December 2024 1,437 16,005 17,442
DEPRECIATION
At 1 January 2024 930 13,516 14,446
Charge for year 315 1,290 1,605
At 31 December 2024 1,245 14,806 16,051
NET BOOK VALUE
At 31 December 2024 192 1,199 1,391
At 31 December 2023 507 273 780

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Trade debtors 79,468 73,266
Tax 32,553 36,200
VAT 1,079 1,530
Prepayments 2,839 3,704
115,939 114,700

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Bank loans and overdrafts 10,000 10,000
Other loans 1,066,428 1,073,378
Trade creditors 13,237 13,755
Social security and other taxes 6,219 6,672
Credit card 1,400 1,130
Pension fund 1,892 1,892
Accruals and deferred income 547 718
1,099,723 1,107,545

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.12.24 31.12.23
£    £   
Bank loans - 1-2 years 10,000 10,000
Bank loans - 2-5 years 14,600 14,600
24,600 24,600

Intamac Systems Limited (Registered number: 03975170)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024

8. PENSION COMMITMENTS

The Company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the Company in an independently administered fund. Contributions totalling £1,892 (2023 - £1,892) were payable to the fund at the balance sheet date and are included in creditors

9. RELATED PARTY DISCLOSURES

During the year, the Company was invoiced £12,000 (2023 - £12,000) by the directors

10. SHARE OPTIONS


Number of shares
2023

Options Lapsed

Options cancelled
Number of shares
2024

Exercise price
Grant Date
November 2014 118,665 118,665 - - £0.01
August 2015 12,500 - - 12,500 £0.01
Total 131,165 118,665 - 12,500