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REGISTERED NUMBER: 04421235















INTEC OFFICE SYSTEMS LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED

31 JULY 2024






INTEC OFFICE SYSTEMS LIMITED (REGISTERED NUMBER: 04421235)

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










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


INTEC OFFICE SYSTEMS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JULY 2024







DIRECTORS: R S Thompson
L Stacey





SECRETARY: L Stacey





REGISTERED OFFICE: Unit 3 Yorkshire Way
West Moor Park
Armthorpe
Doncaster
South Yorkshire
DN3 3FD





REGISTERED NUMBER: 04421235






INTEC OFFICE SYSTEMS LIMITED (REGISTERED NUMBER: 04421235)

STATEMENT OF FINANCIAL POSITION
31 JULY 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 145,192 561,058

CURRENT ASSETS
Stocks 2,901 5,241
Debtors 5 197,979 158,161
Cash at bank and in hand 35,579 54
236,459 163,456
CREDITORS
Amounts falling due within one year 6 229,678 296,553
NET CURRENT ASSETS/(LIABILITIES) 6,781 (133,097 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

151,973

427,961

CREDITORS
Amounts falling due after more than one
year

7

(7,842

)

(177,388

)

PROVISIONS FOR LIABILITIES (15,660 ) (41,174 )
NET ASSETS 128,471 209,399

CAPITAL AND RESERVES
Called up share capital 100 100
Revaluation reserve 9 - 85,373
Retained earnings 128,371 123,926
SHAREHOLDERS' FUNDS 128,471 209,399

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

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

INTEC OFFICE SYSTEMS LIMITED (REGISTERED NUMBER: 04421235)

STATEMENT OF FINANCIAL POSITION - continued
31 JULY 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 5 March 2025 and were signed on its behalf by:





R S Thompson - Director


INTEC OFFICE SYSTEMS LIMITED (REGISTERED NUMBER: 04421235)

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


1. STATUTORY INFORMATION

Intec Office Systems Limited is a private company, limited by shares , registered in Not specified/Other. 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 as modified by the revaluation of certain assets.

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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Freehold property - not provided
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

INTEC OFFICE SYSTEMS LIMITED (REGISTERED NUMBER: 04421235)

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


2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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.

Land and buildings
No depreciation is provided on freehold land and buildings which is a departure from the requirements of the Companies Act 1985, which requires all properties to be depreciated. The directors consider depreciation not to be appropriate because it is only one of many factors reflected in the annual valuation and the amount of depreciation which might have been charged cannot be separately identified or quantified. The directors consider that this policy results in the accounts giving a true and fair view.

Depreciation
The showroom assets will be depreciated commencing from the 2025 year end accounts.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 11 (2023 - 11 ) .

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST OR VALUATION
At 1 August 2023 469,623 273,449 743,072
Additions - 21,495 21,495
Disposals (650,000 ) - (650,000 )
Revaluations 225,000 - 225,000
Reclassification/transfer (44,623 ) 44,623 -
At 31 July 2024 - 339,567 339,567
DEPRECIATION
At 1 August 2023 - 182,014 182,014
Charge for year - 12,361 12,361
At 31 July 2024 - 194,375 194,375
NET BOOK VALUE
At 31 July 2024 - 145,192 145,192
At 31 July 2023 469,623 91,435 561,058

INTEC OFFICE SYSTEMS LIMITED (REGISTERED NUMBER: 04421235)

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


4. TANGIBLE FIXED ASSETS - continued

On 04/03/2024, the company freehold property was revalued to £650,000. This property was then, subsequently, transferred to the group parent company, Intec Office Holdings Ltd. A dividend of £337,593 was declared by the subsequent company.

Cost or valuation at 31 July 2024 is represented by:

Plant and
machinery
etc
£   
Cost 339,567

If freehold land and buildings had not been revalued they would have been included at the following historical cost:

2024 2023
£    £   
Cost 311,169 311,169

Value of land in freehold land and buildings 311,169 311,169

Freehold land and buildings were valued on an open market basis on 31 July 2011 by the director .

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£   
COST
At 1 August 2023
and 31 July 2024 18,984
DEPRECIATION
At 1 August 2023 8,750
Charge for year 2,559
At 31 July 2024 11,309
NET BOOK VALUE
At 31 July 2024 7,675
At 31 July 2023 10,234

INTEC OFFICE SYSTEMS LIMITED (REGISTERED NUMBER: 04421235)

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


5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 116,618 135,703
Amounts owed by group undertakings 48,762 -
Other debtors 32,599 22,458
197,979 158,161

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts - 75,409
Hire purchase contracts - 4,475
Trade creditors 104,522 99,242
Taxation and social security 18,048 64,635
Other creditors 107,108 52,792
229,678 296,553

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans - 140,388
Other creditors 7,842 37,000
7,842 177,388

Amounts falling due in more than five years:

Repayable by instalments
Bank loans due after 5 years - 38,892

8. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans - 189,392
Hire purchase contracts - 4,475
- 193,867

INTEC OFFICE SYSTEMS LIMITED (REGISTERED NUMBER: 04421235)

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


9. RESERVES
Revaluation
reserve
£   
At 1 August 2023 85,373
Reserves transfer (85,373 )

At 31 July 2024 -

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

R S Thompson has provided a personal guarantee in respect of the company's bank loan.