REGISTERED NUMBER: 02202414 (England and Wales)

Unaudited Financial Statements for the Year Ended 28 February 2025

for

Intec Systems Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

T Malone

M Pawley

D Cooper

REGISTERED OFFICE:

Suite 2C, Brosnan House

175 Darkes Lane

Potters Bar

Hertfordshire

EN6 1BW

REGISTERED NUMBER:

02202414 (England and Wales)

ACCOUNTANTS:

BBK Partnership Limited

Chartered Accountants

Suite 2C, Brosnan House

175 Darkes Lane

Potters Bar

Hertfordshire

EN6 1BW

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

52,544

55,936

Investments

6

1,869,490

1,869,490

1,922,034

1,925,426

CURRENT ASSETS

Debtors

7

503,262

738,633

Cash at bank

143,975

252,186

647,237

990,819

CREDITORS

Amounts falling due within one year

8

1,686,343

1,701,059

NET CURRENT LIABILITIES

(1,039,106

)

(710,240

)

TOTAL ASSETS LESS CURRENT LIABILITIES

882,928

1,215,186

CREDITORS

Amounts falling due after more than one year

9

183,334

443,334

NET ASSETS

699,594

771,852

CAPITAL AND RESERVES

Called up share capital

11

25,000

25,000

Retained earnings

674,594

746,852

SHAREHOLDERS' FUNDS

699,594

771,852

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2025 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 19 November 2025 and were signed on its behalf by:

M Pawley - Director

1.	STATUTORY INFORMATION

Intec 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 the invoiced amount of services provided by the company.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business and is being written off evenly over its estimated useful life of 20 years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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

-

15% on reducing balance

Computer equipment

-

15% on reducing balance

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.

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 14 (2024 - 14 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 March 2024

and 28 February 2025

91,000

AMORTISATION

At 1 March 2024

and 28 February 2025

91,000

NET BOOK VALUE

At 28 February 2025

-

At 29 February 2024

-

5.	TANGIBLE FIXED ASSETS

Fixtures

and

Computer

fittings

equipment

Totals

£

£

£

COST

At 1 March 2024

146,635

236,542

383,177

Additions

-

5,880

5,880

At 28 February 2025

146,635

242,422

389,057

DEPRECIATION

At 1 March 2024

143,709

183,532

327,241

Charge for year

439

8,833

9,272

At 28 February 2025

144,148

192,365

336,513

NET BOOK VALUE

At 28 February 2025

2,487

50,057

52,544

At 29 February 2024

2,926

53,010

55,936

6.	FIXED ASSET INVESTMENTS

Other

investments

£

COST

At 1 March 2024

and 28 February 2025

1,869,490

NET BOOK VALUE

At 28 February 2025

1,869,490

At 29 February 2024

1,869,490

The company owns 100 shares of £1 each in Intec Systems (EOT) Limited.

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

28.2.25

29.2.24

£

£

Trade debtors

492,131

731,775

Prepayments

11,131

6,858

503,262

738,633

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

28.2.25

29.2.24

£

£

Trade creditors

265,750

275,584

Amounts owed to group undertakings

503,761

300,202

Tax

57,000

61,200

Social security and other taxes

21,721

19,208

VAT

71,634

108,151

Other creditors

114,093

74,114

Contracts in advance

650,484

859,100

Accrued expenses

1,900

3,500

1,686,343

1,701,059

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

28.2.25

29.2.24

£

£

Bank loans more 5 yr by instal

183,334

293,334

Other creditors

-

150,000

183,334

443,334

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

183,334

293,334

10.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

28.2.25

29.2.24

£

£

Within one year

45,000

45,000

11.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

28.2.25

29.2.24

value:

£

£

5,000

Ordinary A

£1

5,000

5,000

20,000

Ordinary B

£1

20,000

20,000

25,000

25,000

12.	RELATED PARTY DISCLOSURES

Control

The company is controlled by Intec Systems (EOT) Ltd by way of it's majority shareholding.

Other creditors relate to an amount due on the aquisition of Orion Consulting Limited on 30 June 2021.

During the year the company paid rent totalling £45,013 to T Malone and S A Joseph and their spouses for the use of premises at Intec House.

During the year Intec Systems Limited made distributions of £240,000 to Intec Systems (EOT) Limited.