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Company Registration No. 08754723 (England and Wales)
Systechit Technology Ltd Unaudited accounts for the year ended 31 October 2022
Systechit Technology Ltd Unaudited accounts Contents
Page
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Systechit Technology Ltd Company Information for the year ended 31 October 2022
Director
David Jones
Company Number
08754723 (England and Wales)
Registered Office
Pencoed Quarry Brow Gresford Wrexham LL12 8SJ
Accountants
Victoria Davies MAAT Affordable Accountancy Quarry Brow Gresford Wrexham LL12 8SJ
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Systechit Technology Ltd Statement of financial position as at 31 October 2022
2022 
2021 
Notes
£ 
£ 
Fixed assets
Tangible assets
346 
346 
Current assets
Debtors
- 
489 
Cash at bank and in hand
- 
16,617 
- 
17,106 
Creditors: amounts falling due within one year
2,990 
(6,814)
Net current assets
2,990 
10,292 
Total assets less current liabilities
3,336 
10,638 
Creditors: amounts falling due after more than one year
- 
(7,302)
Net assets
3,336 
3,336 
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
3,335 
3,335 
Shareholders' funds
3,336 
3,336 
For the year ending 31 October 2022 the company was entitled to exemption from audit under section 480 of the Companies Act 2006 relating to dormant companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 24 October 2023 and were signed on its behalf by
David Jones Director Company Registration No. 08754723
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Systechit Technology Ltd Notes to the Accounts for the year ended 31 October 2022
1
Statutory information
Systechit Technology Ltd is a private company, limited by shares, registered in England and Wales, registration number 08754723. The registered office is Pencoed, Quarry Brow, Gresford, Wrexham, LL12 8SJ.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Computer equipment
25% Straight Line
4
Tangible fixed assets
Computer equipment 
£ 
Cost or valuation
At cost 
At 1 November 2021
1,379 
At 31 October 2022
1,379 
Depreciation
At 1 November 2021
1,033 
At 31 October 2022
1,033 
Net book value
At 31 October 2022
346 
At 31 October 2021
346 
5
Debtors
2022 
2021 
£ 
£ 
Amounts falling due within one year
Trade debtors
- 
489 
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Systechit Technology Ltd Notes to the Accounts for the year ended 31 October 2022
6
Creditors: amounts falling due within one year
2022 
2021 
£ 
£ 
Bank loans and overdrafts
- 
2,244 
Taxes and social security
- 
13,148 
Loans from directors
(2,990)
(9,678)
Accruals
- 
1,100 
(2,990)
6,814 
7
Creditors: amounts falling due after more than one year
2022 
2021 
£ 
£ 
Bank loans
- 
7,302 
8
Average number of employees
During the year the average number of employees was 1 (2021: 1).
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