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REGISTERED NUMBER: 06667262 (England and Wales)















INFLECTO SYSTEMS LTD

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2024






INFLECTO SYSTEMS LTD (REGISTERED NUMBER: 06667262)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


INFLECTO SYSTEMS LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 AUGUST 2024







DIRECTORS: A M Jermy
R M Mason





SECRETARY: A M Jermy





REGISTERED OFFICE: Unit 34
53 Mowbray Street
Sheffield
South Yorkshire
S3 8EN





REGISTERED NUMBER: 06667262 (England and Wales)





ACCOUNTANTS: Duncan Chartered Accountants
5 Cherrytree
Union Road
Sheffield
South Yorkshire
S11 9EF

INFLECTO SYSTEMS LTD (REGISTERED NUMBER: 06667262)

BALANCE SHEET
31 AUGUST 2024

31.8.24 31.8.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 4,481 4,465

CURRENT ASSETS
Stocks 1,214 4,620
Debtors 5 35,549 175,370
Cash at bank 63,499 18,544
100,262 198,534
CREDITORS
Amounts falling due within one year 6 159,401 297,211
NET CURRENT LIABILITIES (59,139 ) (98,677 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(54,658

)

(94,212

)

CREDITORS
Amounts falling due after more than one
year

7

(25,903

)

(30,534

)

PROVISIONS FOR LIABILITIES (1,120 ) (1,116 )
NET LIABILITIES (81,681 ) (125,862 )

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (81,781 ) (125,962 )
SHAREHOLDERS' FUNDS (81,681 ) (125,862 )

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 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.

INFLECTO SYSTEMS LTD (REGISTERED NUMBER: 06667262)

BALANCE SHEET - continued
31 AUGUST 2024


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 18 February 2025 and were signed on its behalf by:




A M Jermy - Director



R M Mason - Director


INFLECTO SYSTEMS LTD (REGISTERED NUMBER: 06667262)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024


1. STATUTORY INFORMATION

Inflecto Systems Ltd 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.
Fixtures and fittings - 33% on reducing balance
Computer equipment - 33% on reducing balance

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.


INFLECTO SYSTEMS LTD (REGISTERED NUMBER: 06667262)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2024


2. ACCOUNTING POLICIES - continued
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 3 (2023 - 3 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 September 2023 12,953 43,425 56,378
Additions 897 1,369 2,266
Disposals (578 ) (180 ) (758 )
At 31 August 2024 13,272 44,614 57,886
DEPRECIATION
At 1 September 2023 11,734 40,179 51,913
Charge for year 703 1,537 2,240
Eliminated on disposal (571 ) (177 ) (748 )
At 31 August 2024 11,866 41,539 53,405
NET BOOK VALUE
At 31 August 2024 1,406 3,075 4,481
At 31 August 2023 1,219 3,246 4,465

INFLECTO SYSTEMS LTD (REGISTERED NUMBER: 06667262)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2024


5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£    £   
Trade debtors 19,806 153,993
Other debtors 15,743 21,377
35,549 175,370

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£    £   
Bank loans and overdrafts 5 16
Other loans 4,636 4,523
Trade creditors 4,340 2,305
Social security and other taxes 5,404 5,543
VAT 10,287 28,807
Other creditors 275 582
Directors' current accounts 23,981 33,051
Accruals and deferred income 107,212 218,999
Accrued expenses 3,261 3,385
159,401 297,211

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.8.24 31.8.23
£    £   
Other loans - 2-5 years 19,755 19,267
Other loans more 5yrs instal 6,148 11,267
25,903 30,534

Amounts falling due in more than five years:

Repayable by instalments
Other loans more 5yrs instal 6,148 11,267