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2024-09-30
false
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No description of principal activities is disclosed
2023-10-01
Sage Accounts Production 24.0 - FRS102_2024
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2024-09-30
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2023-09-30
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2024-09-30
02453620
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02453620
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02453620
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02453620
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2024-09-30
02453620
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2023-09-30
02453620
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2024-09-30
02453620
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2023-09-30
02453620
core:IntangibleAssetsOtherThanGoodwill
2023-10-01
2024-09-30
02453620
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core:ShortLeaseholdAssets
2023-10-01
2024-09-30
02453620
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2023-09-30
02453620
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core:Non-currentFinancialInstruments
2024-09-30
02453620
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2024-09-30
02453620
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2023-09-30
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2024-09-30
02453620
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2023-09-30
02453620
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2023-09-30
02453620
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2023-09-30
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2024-09-30
02453620
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02453620
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2024-09-30
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Company registration number:
02453620
(England and Wales)
INTEGER MICRO SYSTEMS LIMITED
Unaudited filleted financial statements
for the year ended
30 September 2024
INTEGER MICRO SYSTEMS LIMITED
Contents
Directors and other information
Accountants report
Statement of financial position
Notes to the financial statements
INTEGER MICRO SYSTEMS LIMITED
Directors and other information
|
|
|
|
Directors |
M J S Goodchild |
|
|
A W Wilson |
|
|
|
|
|
|
|
Company number |
02453620 |
|
|
|
|
|
|
|
Registered office |
Mulberry House |
|
|
Stephenson Road |
|
|
Colchester |
|
|
Essex |
|
|
CO4 9QR |
|
|
|
|
|
|
|
Business address |
Mulberry House |
|
|
Stephenson Road |
|
|
Colchester |
|
|
Essex |
|
|
CO4 9QR |
|
|
|
|
|
|
|
Accountants |
Griffin Chapman |
|
|
4 & 5 The Cedars, Apex 12 |
|
|
Old Ipswich Road |
|
|
Colchester |
|
|
Essex |
|
|
CO7 7QR |
|
|
|
INTEGER MICRO SYSTEMS LIMITED
Chartered accountants report to the board of directors on the preparation of the
unaudited statutory financial statements of INTEGER MICRO SYSTEMS LIMITED
Year ended 30 September 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of INTEGER MICRO SYSTEMS LIMITED for the year ended 30 September 2024 which comprise the statement of financial position and related notes from the company's accounting records and from information and explanations you have given us.
As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at http://www.icaew.com /en/members/regulations-standards-and-guidance/.
This report is made solely to the board of directors of INTEGER MICRO SYSTEMS LIMITED, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the financial statements of INTEGER MICRO SYSTEMS LIMITED and state those matters that we have agreed to state to the board of directors of INTEGER MICRO SYSTEMS LIMITED as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than INTEGER MICRO SYSTEMS LIMITED and its board of directors as a body for our work or for this report.
It is your duty to ensure that INTEGER MICRO SYSTEMS LIMITED has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of INTEGER MICRO SYSTEMS LIMITED. You consider that INTEGER MICRO SYSTEMS LIMITED is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the financial statements of INTEGER MICRO SYSTEMS LIMITED. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.
Griffin Chapman
Chartered Accountants
4 & 5 The Cedars, Apex 12
Old Ipswich Road
Colchester
Essex
CO7 7QR
27 June 2025
INTEGER MICRO SYSTEMS LIMITED
Statement of financial position
30 September 2024
|
|
|
2024 |
|
|
|
2023 |
|
|
|
|
Note |
£ |
|
£ |
|
£ |
|
£ |
|
|
|
|
|
|
|
|
|
|
Fixed assets |
|
|
|
|
|
|
|
|
|
Intangible assets |
|
5 |
551,186 |
|
|
|
534,872 |
|
|
Tangible assets |
|
6 |
9,925 |
|
|
|
16,810 |
|
|
Investments |
|
7 |
381 |
|
|
|
381 |
|
|
|
|
|
_______ |
|
|
|
_______ |
|
|
|
|
|
|
|
561,492 |
|
|
|
552,063 |
|
|
|
|
|
|
|
|
|
|
Current assets |
|
|
|
|
|
|
|
|
|
Stocks |
|
|
205,576 |
|
|
|
209,226 |
|
|
Debtors |
|
8 |
324,502 |
|
|
|
323,774 |
|
|
Cash at bank and in hand |
|
|
87,676 |
|
|
|
66,835 |
|
|
|
|
|
_______ |
|
|
|
_______ |
|
|
|
|
|
617,754 |
|
|
|
599,835 |
|
|
Creditors: amounts falling due |
|
|
|
|
|
|
|
|
|
within one year |
|
9 |
(
234,145) |
|
|
|
(
251,974) |
|
|
|
|
|
_______ |
|
|
|
_______ |
|
|
Net current assets |
|
|
|
|
383,609 |
|
|
|
347,861 |
|
|
|
|
|
_______ |
|
|
|
_______ |
Total assets less current liabilities |
|
|
|
|
945,101 |
|
|
|
899,924 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Provisions for liabilities |
|
|
|
|
(
138,218) |
|
|
|
(
135,473) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
_______ |
|
|
|
_______ |
Net assets |
|
|
|
|
806,883 |
|
|
|
764,451 |
|
|
|
|
|
_______ |
|
|
|
_______ |
|
|
|
|
|
|
|
|
|
|
Capital and reserves |
|
|
|
|
|
|
|
|
|
Called up share capital |
|
|
|
|
95 |
|
|
|
95 |
Capital redemption reserve |
|
|
|
|
5 |
|
|
|
5 |
Profit and loss account |
|
|
|
|
806,783 |
|
|
|
764,351 |
|
|
|
|
|
_______ |
|
|
|
_______ |
Shareholders funds |
|
|
|
|
806,883 |
|
|
|
764,451 |
|
|
|
|
|
_______ |
|
|
|
_______ |
|
|
|
|
|
|
|
|
|
|
For the year ending 30 September 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors responsibilities:
-
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
-
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
These financial statements were approved by the
board of directors
and authorised for issue on
27 June 2025
, and are signed on behalf of the board by:
M J S Goodchild
Director
Company registration number:
02453620
INTEGER MICRO SYSTEMS LIMITED
Notes to the financial statements
Year ended 30 September 2024
1.
General information
The company is a private company limited by shares, registered in United Kingdom. The address of the registered office is Mulberry House, Stephenson Road, Colchester, Essex, CO4 9QR.
The principal activity of the company continues to be that of data processing, computer and accounting services.
2.
Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
3.
Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Turnover
Turnover represents amounts receivable, net of Value Added Tax, in respect of the sale of goods and services to customers. Revenue is recognosed for the supply and installation of goods upon installation of the goods. For software support and maintenance contracts operating either monthly or quarterly, payments are collected prior to the start of the period and income recognised in proportion to the time that has elapsed since inception.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Intangible assets
Intangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated amortisation and impairment losses. Any intangible assets carried at a revalued amount, are recorded at the fair value at the date of revaluation, as determined by reference to an active market, less any subsequent accumulated amortisation and subsequent accumulated impairment losses. Intangible assets acquired as part of a business combination are only recognised separately from goodwill when they arise from contractual or other legal rights, are separable, the expected future economic benefits are probable and the cost or value can be measured reliably.
Amortisation
Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:
|
|
|
|
Development costs |
- |
20 % |
straight line |
|
|
|
|
If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.
Research and development
Research expenditure is written off in the year in which it is incurred. Development expenditure incurred is capitalised as an intangible asset only when all of the following criteria are met: - It is technically feasible to complete the intangible asset so that it will be available for use or sale; - There is the intention to complete the intangible asset and use or sell it; - There is the ability to use or sell the intangible asset; - The use or sale of the intangible asset will generate probable future economic benefits; - There are adequate technical, financial and other resources available to complete the development and to use or sell the intangible asset; and - The expenditure attributable to the intangible asset during its development can be measured reliably. Expenditure that does not meet the above criteria is expensed as incurred.
Tangible assets
tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in capital and reserves, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in capital and reserves in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess shall be recognised in profit or loss.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
|
|
|
|
|
|
Short leasehold property |
- |
Over term of lease
|
|
|
Plant and machinery |
- |
33 % |
straight line |
|
Fittings fixtures and equipment |
- |
15 % |
straight line |
|
Motor vehicles |
- |
25 % |
straight line |
|
|
|
|
|
If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.
Fixed asset investments
Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses. Listed investments are measured at fair value with changes in fair value being recognised in profit or loss.
Impairment
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. When it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that are largely independent of the cash inflows from other assets or groups of assets.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stocks to their present location and condition.
Provisions
Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event; it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised in finance costs in profit or loss in the period it arises.
Financial instruments
A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument.
Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.
Debt instruments are subsequently measured at amortised cost.
Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets or either assessed individually or grouped on the basis of similar credit risk characteristics. Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised in finance costs in profit or loss in the period in which it arises.
4.
Employee numbers
The average number of persons employed by the company during the year amounted to
11
(2023:
11
).
5.
Intangible assets
|
|
Other intangible assets |
Total |
|
|
|
|
|
|
£ |
£ |
|
|
|
|
|
Cost |
|
|
|
|
|
|
|
At 1 October 2023 |
3,919,495 |
3,919,495 |
|
|
|
|
|
Additions |
230,694 |
230,694 |
|
|
|
|
|
|
_______ |
_______ |
|
|
|
|
|
At 30 September 2024 |
4,150,189 |
4,150,189 |
|
|
|
|
|
|
_______ |
_______ |
|
|
|
|
|
Amortisation |
|
|
|
|
|
|
|
At 1 October 2023 |
3,384,623 |
3,384,623 |
|
|
|
|
|
Charge for the year |
214,380 |
214,380 |
|
|
|
|
|
|
_______ |
_______ |
|
|
|
|
|
At 30 September 2024 |
3,599,003 |
3,599,003 |
|
|
|
|
|
|
_______ |
_______ |
|
|
|
|
|
Carrying amount |
|
|
|
|
|
|
|
At 30 September 2024 |
551,186 |
551,186 |
|
|
|
|
|
|
_______ |
_______ |
|
|
|
|
|
At 30 September 2023 |
534,872 |
534,872 |
|
|
|
|
|
|
_______ |
_______ |
|
|
|
|
|
|
|
|
|
|
|
|
6.
Tangible assets
|
|
Short leasehold property |
Plant and machinery |
Fixtures, fittings and equipment |
Total |
|
|
|
|
|
£ |
£ |
£ |
£ |
|
|
|
|
Cost |
|
|
|
|
|
|
|
|
At 1 October 2023 |
10,548 |
37,174 |
34,182 |
81,904 |
|
|
|
|
Additions |
- |
610 |
- |
610 |
|
|
|
|
|
_______ |
_______ |
_______ |
_______ |
|
|
|
|
At 30 September 2024 |
10,548 |
37,784 |
34,182 |
82,514 |
|
|
|
|
|
_______ |
_______ |
_______ |
_______ |
|
|
|
|
Depreciation |
|
|
|
|
|
|
|
|
At 1 October 2023 |
9,523 |
24,005 |
31,566 |
65,094 |
|
|
|
|
Charge for the year |
1,025 |
5,506 |
964 |
7,495 |
|
|
|
|
|
_______ |
_______ |
_______ |
_______ |
|
|
|
|
At 30 September 2024 |
10,548 |
29,511 |
32,530 |
72,589 |
|
|
|
|
|
_______ |
_______ |
_______ |
_______ |
|
|
|
|
Carrying amount |
|
|
|
|
|
|
|
|
At 30 September 2024 |
- |
8,273 |
1,652 |
9,925 |
|
|
|
|
|
_______ |
_______ |
_______ |
_______ |
|
|
|
|
At 30 September 2023 |
1,025 |
13,169 |
2,616 |
16,810 |
|
|
|
|
|
_______ |
_______ |
_______ |
_______ |
|
|
|
|
|
|
|
|
|
|
|
|
7.
Investments
|
|
Other investments other than loans |
Total |
|
|
|
|
|
|
£ |
£ |
|
|
|
|
|
Cost |
|
|
|
|
|
|
|
At 1 October 2023 and 30 September 2024 |
381 |
381 |
|
|
|
|
|
|
_______ |
_______ |
|
|
|
|
|
Impairment |
|
|
|
|
|
|
|
At 1 October 2023 and 30 September 2024 |
- |
- |
|
|
|
|
|
|
_______ |
_______ |
|
|
|
|
|
Carrying amount |
|
|
|
|
|
|
|
At 30 September 2024 |
381 |
381 |
|
|
|
|
|
|
_______ |
_______ |
|
|
|
|
|
At 30 September 2023 |
381 |
381 |
|
|
|
|
|
|
_______ |
_______ |
|
|
|
|
|
|
|
|
|
|
|
|
8.
Debtors
|
|
|
2024 |
2023 |
|
|
|
£ |
£ |
|
Trade debtors |
|
255,465 |
247,899 |
|
Other debtors |
|
69,037 |
75,875 |
|
|
|
_______ |
_______ |
|
|
|
324,502 |
323,774 |
|
|
|
_______ |
_______ |
|
|
|
|
|
The debtors above include the following amounts falling due after more than one year:
|
|
|
2024 |
2023 |
|
|
|
£ |
£ |
|
Other debtors |
|
561 |
839 |
|
|
|
_______ |
_______ |
|
|
|
|
|
9.
Creditors: amounts falling due within one year
|
|
|
2024 |
2023 |
|
|
|
£ |
£ |
|
Trade creditors |
|
83,664 |
81,807 |
|
Corporation tax |
|
8,525 |
5,316 |
|
Social security and other taxes |
|
14,283 |
30,941 |
|
Other creditors |
|
127,673 |
133,910 |
|
|
|
_______ |
_______ |
|
|
|
234,145 |
251,974 |
|
|
|
_______ |
_______ |
|
|
|
|
|
10.
Operating leases
The company as lessee
The total future minimum lease payments under non-cancellable operating leases are as follows:
|
|
|
|
£ |
£ |
|
|
|
Not later than 1 year |
22,624 |
25,493 |
Later than 1 year and not later than 5 years |
58,648 |
655 |
|
_______ |
_______ |
|
81,272 |
26,148 |
|
_______ |
_______ |
|
|
|
11.
Directors advances, credits and guarantees
|
During the year the directors entered into the following advances and credits with the company: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
2024 |
|
|
|
|
|
|
|
|
|
Balance brought forward |
Advances /(credits) to the directors |
Amounts repaid |
Balance o/standing |
|
|
|
|
£ |
£ |
£ |
£ |
|
|
|
M J S Goodchild |
2,770 |
8,593 |
(
9,674) |
1,689 |
|
|
|
|
_______ |
_______ |
_______ |
_______ |
|
|
|
|
|
|
|
|
|
|
2023 |
|
|
|
|
|
|
|
|
|
Balance brought forward |
Advances /(credits) to the directors |
Amounts repaid |
Balance o/standing |
|
|
|
|
£ |
£ |
£ |
£ |
|
|
|
M J S Goodchild |
2,551 |
11,254 |
(
11,035) |
2,770 |
|
|
|
|
_______ |
_______ |
_______ |
_______ |
|
|
|
|
|
|
|
|
|
|