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REGISTERED NUMBER: 03407469 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED

30 SEPTEMBER 2024

FOR

INTERFUTURE SYSTEMS LIMITED

INTERFUTURE SYSTEMS LIMITED (REGISTERED NUMBER: 03407469)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024










Page

Balance Sheet 1

Notes to the Financial Statements 3


INTERFUTURE SYSTEMS LIMITED (REGISTERED NUMBER: 03407469)

BALANCE SHEET
30 SEPTEMBER 2024

2024 2023
as restated
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 363,504 406,330

CURRENT ASSETS
Stocks 2,000 2,000
Debtors 6 245,591 115,376
Cash at bank and in hand 636,458 766,651
884,049 884,027
CREDITORS
Amounts falling due within one year 7 364,960 409,802
NET CURRENT ASSETS 519,089 474,225
TOTAL ASSETS LESS CURRENT
LIABILITIES

882,593

880,555

PROVISIONS FOR LIABILITIES 9 83,305 87,938
NET ASSETS 799,288 792,617

CAPITAL AND RESERVES
Called up share capital 10 3,334 3,334
Capital redemption reserve 11 3,334 3,334
Retained earnings 11 792,620 785,949
SHAREHOLDERS' FUNDS 799,288 792,617

INTERFUTURE SYSTEMS LIMITED (REGISTERED NUMBER: 03407469)

BALANCE SHEET - continued
30 SEPTEMBER 2024


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

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

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 Profit and loss account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 24 March 2025 and were signed on its behalf by:





Mr D P Williams - Director


INTERFUTURE SYSTEMS LIMITED (REGISTERED NUMBER: 03407469)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024


1. STATUTORY INFORMATION

Interfuture Systems Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 03407469

Registered office: Interfuture Systems Limited
Kemps Farm Business Park
London Road
Balcombe
West Sussex
RH17 6JH

2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Short leasehold - straight line over 3 years
Plant and machinery - 15% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on reducing balance

All assets are initially recorded at cost.

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

INTERFUTURE SYSTEMS LIMITED (REGISTERED NUMBER: 03407469)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024


3. ACCOUNTING POLICIES - continued

Financial instruments
The Company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities, like trade and other accounts receivable and payable, loans from banks and other third parties and loans to / from related parties.

Debt instruments (other than those wholly repayable or receivable within one year), including loans and other accounts receivable and payable, are initially measured at the present value of the future cash flows and subsequently measured at amortised cost using the effective interest method. Debt instruments that are payable or receivable within one year, typically trade payables or receivables, are measured, initially and subsequently, at the undiscounted transaction price less any impairment.

If the arrangements of a short term instrument constitute a financing transaction, like the payment of a trade debt deferred beyond normal business terms or financed at a rate of interest that is not a market rate, the financial asset or liability is measured, initially, at the present value of the future cash flow discounted at a market rate of interest for a similar debt instrument and subsequently at amortised cost.

For financial assets measured at amortised cost, the impairment loss is measured as the difference between an asset's carrying amount and the present value of the estimated cash flows discounted at the asset's original effective rate.

For financial assets measured at cost less impairment, the impairment loss is measured as the difference between an asset's carrying amount and best estimate of the recoverable amount, which is an approximation of the amount that the Company would receive for the asset if it were to be sold at the reporting date.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.

Where the contractual obligations of financial instruments (including share capital) are equivalent to a similar debt instrument, those financial instruments are classed as financial liabilities. Financial liabilities are presented as such in the balance sheet and measured as detailed above.

Where the contractual terms of share capital do not have any terms meeting the definition of a financial liability then this is classed as an equity instrument. Dividends and distributions relating to equity instruments are debited direct to equity.

Finance costs are charged to the profit and loss over the term of the financial asset / liability using the effective interest method so that the amount charged is at a constant rate on the carrying amount.


INTERFUTURE SYSTEMS LIMITED (REGISTERED NUMBER: 03407469)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024


3. ACCOUNTING POLICIES - continued
Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and loss account, 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.

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.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 11 (2023 - 9 ) .

INTERFUTURE SYSTEMS LIMITED (REGISTERED NUMBER: 03407469)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024


5. TANGIBLE FIXED ASSETS
Fixtures
Short Plant and and
leasehold machinery fittings
£    £    £   
COST
At 1 October 2023 47,528 34,964 31,606
Additions 16,667 20,065 -
Disposals - - -
At 30 September 2024 64,195 55,029 31,606
DEPRECIATION
At 1 October 2023 20,393 17,331 11,133
Charge for year 19,619 5,654 3,071
Eliminated on disposal - - -
At 30 September 2024 40,012 22,985 14,204
NET BOOK VALUE
At 30 September 2024 24,183 32,044 17,402
At 30 September 2023 27,135 17,633 20,473

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 October 2023 486,602 397,041 997,741
Additions 55,535 48,461 140,728
Disposals (62,490 ) - (62,490 )
At 30 September 2024 479,647 445,502 1,075,979
DEPRECIATION
At 1 October 2023 247,361 295,193 591,411
Charge for year 66,372 37,577 132,293
Eliminated on disposal (11,229 ) - (11,229 )
At 30 September 2024 302,504 332,770 712,475
NET BOOK VALUE
At 30 September 2024 177,143 112,732 363,504
At 30 September 2023 239,241 101,848 406,330

INTERFUTURE SYSTEMS LIMITED (REGISTERED NUMBER: 03407469)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024


5. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts or finance leases are as follows:
Motor
vehicles
£   
COST
At 1 October 2023
and 30 September 2024 92,150
DEPRECIATION
At 1 October 2023 62,992
Charge for year 7,290
At 30 September 2024 70,282
NET BOOK VALUE
At 30 September 2024 21,868
At 30 September 2023 29,158

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
as restated
£    £   
Trade debtors 158,824 95,389
Amounts owed by group undertakings 64,020 -
Other debtors 8,786 12,436
Directors' current accounts 4,798 5,046
Prepayments and accrued income 9,163 2,505
245,591 115,376

INTERFUTURE SYSTEMS LIMITED (REGISTERED NUMBER: 03407469)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
as restated
£    £   
Trade creditors 102,198 72,128
Corporation tax 27,012 69,516
PAYE and social security 7,001 7,877
VAT 17,364 19,123
Other creditors 1,831 1,597
Directors' current accounts 972 1,932
Accruals and deferred income 208,582 237,629
364,960 409,802

8. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2024 2023
as restated
£    £   
Within one year 14,000 14,000
Between one and five years 26,833 40,833
40,833 54,833

9. PROVISIONS FOR LIABILITIES
2024 2023
as restated
£    £   
Deferred tax 83,305 87,938

Deferred
tax
£   
Balance at 1 October 2023 87,938
Provided during year (4,633 )
Balance at 30 September 2024 83,305

INTERFUTURE SYSTEMS LIMITED (REGISTERED NUMBER: 03407469)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024


10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: as
restated
£    £   
3,334 Ordinary £1 3,334 3,334

11. RESERVES
Capital
Retained redemption
earnings reserve Totals
£    £    £   

At 1 October 2023 778,394 3,334 781,728
Prior year adjustment 7,555 7,555
785,949 789,283
Profit for the year 25,171 25,171
Dividends (18,500 ) (18,500 )
At 30 September 2024 792,620 3,334 795,954

12. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 September 2024 and 30 September 2023:

2024 2023
as restated
£    £   
Mr P K L Collins
Balance outstanding at start of year 5,046 10,000
Amounts advanced - (4,954 )
Amounts repaid (249 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 4,797 5,046

13. RELATED PARTY DISCLOSURES

Included in other debtors is £64,020 (2023: NIL) owed by Interfuture Security Limited, this company is a subsidiary of Interfuture Holdings Limited.

INTERFUTURE SYSTEMS LIMITED (REGISTERED NUMBER: 03407469)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024


14. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mrs Emma Williams and Mr David Williams.

Interfuture Systems Limited is a wholly owned subsidiary of Interfuture Holdings Limited. Interfuture Holdings Limited is controlled by Mrs Emma Williams and Mr David Williams.