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REGISTERED NUMBER: 03435112 (England and Wales)















InTandem Systems Limited

Financial Statements for the Year Ended 30th September 2024






InTandem Systems Limited (Registered number: 03435112)

Contents of the Financial Statements
for the Year Ended 30th September 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


InTandem Systems Limited

Company Information
for the Year Ended 30th September 2024







DIRECTORS: J H Belfield
Mrs W J Belfield
G W Belfield





SECRETARY: Mrs W J Belfield





REGISTERED OFFICE: Unit D
Watton Lane
Droxford
Hampshire
SO32 3HA





REGISTERED NUMBER: 03435112 (England and Wales)





ACCOUNTANTS: Sheen Stickland
Chartered Accountants
2 Oriel Court
Omega Park
Alton
Hampshire
GU34 2YT

InTandem Systems Limited (Registered number: 03435112)

Balance Sheet
30th September 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 49,591 27,884

CURRENT ASSETS
Stocks 5 81,215 56,949
Debtors 6 516,857 312,209
Cash at bank and in hand 916,656 649,535
1,514,728 1,018,693
CREDITORS
Amounts falling due within one year 7 607,192 339,875
NET CURRENT ASSETS 907,536 678,818
TOTAL ASSETS LESS CURRENT
LIABILITIES

957,127

706,702

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 957,027 706,602
SHAREHOLDERS' FUNDS 957,127 706,702

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th September 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th September 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.

InTandem Systems Limited (Registered number: 03435112)

Balance Sheet - continued
30th September 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 19th March 2025 and were signed on its behalf by:





J H Belfield - Director


InTandem Systems Limited (Registered number: 03435112)

Notes to the Financial Statements
for the Year Ended 30th September 2024


1. STATUTORY INFORMATION

InTandem 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 represents net invoiced sales of goods and services excluding value added tax.

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 - 20% on cost
Motor vehicles - 33% on cost

Stocks
Stocks and work in progress 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 balance sheet date.


InTandem Systems Limited (Registered number: 03435112)

Notes to the Financial Statements - continued
for the Year Ended 30th September 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 25 (2023 - 24 ) .

InTandem Systems Limited (Registered number: 03435112)

Notes to the Financial Statements - continued
for the Year Ended 30th September 2024


4. TANGIBLE FIXED ASSETS
Short Plant and Motor
leasehold machinery vehicles Totals
£    £    £    £   
COST
At 1st October 2023 3,444 27,650 201,416 232,510
Additions - - 63,627 63,627
Disposals - - (35,132 ) (35,132 )
At 30th September 2024 3,444 27,650 229,911 261,005
DEPRECIATION
At 1st October 2023 3,444 27,650 173,532 204,626
Charge for year - - 41,916 41,916
Eliminated on disposal - - (35,128 ) (35,128 )
At 30th September 2024 3,444 27,650 180,320 211,414
NET BOOK VALUE
At 30th September 2024 - - 49,591 49,591
At 30th September 2023 - - 27,884 27,884

5. STOCKS
2024 2023
£    £   
Stocks 49,462 37,925
Work-in-progress 31,753 19,024
81,215 56,949

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 485,998 291,525
Other debtors 30,859 20,684
516,857 312,209

InTandem Systems Limited (Registered number: 03435112)

Notes to the Financial Statements - continued
for the Year Ended 30th September 2024


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 194,156 123,893
Taxation and social security 159,452 83,229
Other creditors 253,584 132,753
607,192 339,875