System Solutions (Gloucester) Limited Filleted Accounts Cover
System Solutions (Gloucester) Limited
Company No. 07868319
Information for Filing with The Registrar
31 December 2022
System Solutions (Gloucester) Limited Directors Report Registrar
The Director presents her report and the accounts for the year ended 31 December 2022.
Principal activities
The principal activity of the company during the year under review was Internet Service Sales.
Director
The Director who served at any time during the year was as follows:
L. Garlick
The above report has been prepared in accordance with the provisions applicable to companies subject to the small companies regime as set out in Part 15 of the Companies Act 2006.
Signed on behalf of the board
L. Garlick
Director
29 September 2023
System Solutions (Gloucester) Limited Balance Sheet Registrar
at
31 December 2022
Company No.
07868319
Notes
2022
2021
£
£
Fixed assets
Tangible assets
4
3,1471,036
3,1471,036
Current assets
Debtors
5
8001,487
Cash at bank and in hand
51,52754,281
52,32755,768
Creditors: Amount falling due within one year
6
(7,561)
(2,054)
Net current assets
44,76653,714
Total assets less current liabilities
47,91354,750
Creditors: Amounts falling due after more than one year
7
(40,070)
(50,000)
Provisions for liabilities
Deferred taxation
8
(598)
(262)
Net assets
7,2454,488
Capital and reserves
Called up share capital
22
Profit and loss account
9
7,2434,486
Total equity
7,2454,488
These accounts have been prepared in accordance with the special provisions applicable to companies subject to the small companies regime of the Companies Act 2006.
For the year ended 31 December 2022 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
As permitted by section 444 (5A)of the Companies Act 2006 the directors have not delivered to the Registrar a copy of the company's profit and loss account.
Approved by the board on 29 September 2023
And signed on its behalf by:
L. Garlick
Director
29 September 2023
System Solutions (Gloucester) Limited Notes to the Accounts Registrar
for the year ended 31 December 2022
1
General information
Its registered number is: 07868319
Its registered office is:
29 Park Street
Penrhiwceiber
Mountain Ash
Rhondda Cynon Taff
CF45 3YW
The functional and presentational currency of the company is Sterling. The accounts are rounded to the nearest pound.
The accounts have been prepared in accordance with FRS 102 Section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland (March 2018) and the Companies Act 2006.
2
Accounting policies
Turnover
Turnover is measured at the fair value of the consideration received or receivable. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Tangible fixed assets and depreciation
Tangible fixed assets held for the company's own use are stated at cost less accumulated depreciation and accumulated impairment losses.

At each balance sheet date, the company reviews the carrying amount of its tangible fixed assets to determine whether there is any indication that any items have suffered an impairment loss. If any such indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss.
Depreciation is provided at the following annual rates in order to write off the cost or valuation less the estimated residual value of each asset over its estimated useful life:
Plant and machinery
25%% Reducing Balance
Furniture, fittings and equipment
25%% Reducing Balance
Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the profit and loss account because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The Company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable temporary differences. Deferred tax assets are generally recognised for all deductible timing differences to the extent that it is probable that taxable profits will be available against which those deductible temporary differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period.

Current or deferred tax for the year is recognised in profit or loss, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
Trade and other debtors
Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method, less impairment losses for bad and doubtful debts.
Trade and other creditors
Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.
Defined contribution pensions
The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further payments obligations.
The contributions are recognised as expenses when they fall due. Amounts not paid are shown in accruals in the balance sheet. The assets of the plan are held separately from the company in independently administered funds.
Provisions
Provisions are made where an event has taken place that gives the Company a legal or constructive obligation that probably requires settlement by a transfer of economic benefit, and a reliable estimate can be made of the amount of the obligation.

Provisions are charged as an expense to the profit and loss account in the year that the Company becomes aware of the obligation, and are measured at the best estimate at balance sheet date of the expenditure required to settle the obligation, taking into account relevant risks and uncertainties.

When payments are eventually made, they are charged to the provision carried in the balance sheet.
3
Employees
2022
2021
Number
Number
The average monthly number of employees (including directors) during the year was:
23
4
Tangible fixed assets
Plant and machinery
Fixtures, fittings and equipment
Total
£
£
£
Cost or revaluation
At 1 January 2022
2,5309443,474
Additions
1,3011,8593,160
At 31 December 2022
3,8312,8036,634
Depreciation
At 1 January 2022
2,2022362,438
Charge for the year
4076421,049
At 31 December 2022
2,6098783,487
Net book values
At 31 December 2022
1,2221,9253,147
At 31 December 2021
3287081,036
5
Debtors
2022
2021
£
£
Loans to directors
8001,487
8001,487
6
Creditors:
amounts falling due within one year
2022
2021
£
£
Bank loans and overdrafts
2-
Corporation tax
1,990717
Other taxes and social security
11,034811
Other creditors
(5,465)
527
Accruals and deferred income
-
(1)
7,5612,054
7
Creditors:
amounts falling due after more than one year
2022
2021
£
£
Bank loans and overdrafts
40,07050,000
40,07050,000
8
Provisions for liabilities
Deferred taxation
Accelerated Capital Allowances, Losses and Other Timing Differences
Total
£
£
At 1 January 2022
263
263
Charge to the profit and loss account for the period
335
335
At 31 December 2022
598
598
2022
2021
£
£
Accelerated capital allowances
598262
598262
9
Reserves
Profit and loss account - includes all current and prior period retained profits and losses.
10
Commitments
Capital commitments
2022
2021
£
£
Other financial commitments
2022
2021
£
£
Pension commitments
NEST
2022
2021
£
£
Unpaid contributions due to the fund are included in other creditors and amounted to:
1,120467
11
Dividends
2022
2021
£
£
Dividends for the period:
Dividends paid in the period
7,000
-
7,000
-
Dividends by type:
Non-equity preference dividends
--
Equity dividends
7,000-
7,000
-
12
Advances and credits to directors
Included within Other debtors are the following loans to directors:
Director
Description
At 1 January 2022
Advanced
Repaid
At 31 December 2022
£
£
£
£
L. GarlickTransactions to the DLA1,666--1,666
1,666--1,666
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