System Laboratories Uk Ltd - Accounts to registrar (filleted) - small 23.2.5

REGISTERED NUMBER: 12870872 (England and Wales)

Unaudited Financial Statements for the Year Ended 30 September 2023

for

System Laboratories Uk Ltd

Page

Balance Sheet

1

Notes to the Financial Statements

3

FIXED ASSETS

Tangible assets

4

102,231

140,147

CURRENT ASSETS

Debtors

5

29,328

39,016

Cash at bank

16,871

1,166

46,199

40,182

CREDITORS

Amounts falling due within one year

6

23,470

7,202

NET CURRENT ASSETS

22,729

32,980

TOTAL ASSETS LESS CURRENT LIABILITIES

124,960

173,127

CREDITORS

Amounts falling due after more than one year

7

760,158

618,447

NET LIABILITIES

(635,198

)

(445,320

)

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

(635,298

)

(445,420

)

SHAREHOLDERS' FUNDS

(635,198

)

(445,320

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2023 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 7 June 2024 and were signed on its behalf by:

A Gitarts - Director

1.	STATUTORY INFORMATION

System Laboratories Uk Ltd 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:

12870872

Registered office:

Unit 13 Apex Park

Fraserfields Way

Leighton Buzzard

LU7 3RE

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 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.

Land and buildings

-

Over the period of the lease

Plant and machinery etc

-

25% on cost

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 2 (2022 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1 October 2022

154,701

40,849

195,550

Additions

-

6,525

6,525

At 30 September 2023

154,701

47,374

202,075

DEPRECIATION

At 1 October 2022

39,312

16,091

55,403

Charge for year

32,598

11,843

44,441

At 30 September 2023

71,910

27,934

99,844

NET BOOK VALUE

At 30 September 2023

82,791

19,440

102,231

At 30 September 2022

115,389

24,758

140,147

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.9.23

30.9.22

£

£

Trade debtors

5,145

8,568

Other debtors

24,183

30,448

29,328

39,016

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.9.23

30.9.22

£

£

Trade creditors

16,790

4,115

Taxation and social security

4,180

1,437

Other creditors

2,500

1,650

23,470

7,202

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

30.9.23

30.9.22

£

£

Other creditors

760,158

618,447