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Company Registration No. 4108788 (England and Wales)
NCI Systems limited Unaudited accounts for the year ended 30 September 2023
NCI Systems limited Unaudited accounts Contents
Page
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NCI Systems limited Company Information for the year ended 30 September 2023
Directors
P J Jones R O Jones
Company Number
4108788 (England and Wales)
Registered Office
2 RYDENS ROAD WALTON ON THAMES SURREY KT12 3BS
Accountants
RFM Associates 10 Carew Way Watford WD19 5GB
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NCI Systems limited Statement of financial position as at 30 September 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
140,953 
115,085 
Investments
20,000 
20,000 
160,953 
135,085 
Current assets
Debtors
453,779 
112,800 
Cash at bank and in hand
305,554 
545,561 
759,333 
658,361 
Creditors: amounts falling due within one year
(366,009)
(298,585)
Net current assets
393,324 
359,776 
Total assets less current liabilities
554,277 
494,861 
Creditors: amounts falling due after more than one year
(112,567)
(162,567)
Provisions for liabilities
Deferred tax
(1,441)
(1,441)
Net assets
440,269 
330,853 
Capital and reserves
Called up share capital
80,714 
80,714 
Profit and loss account
359,555 
250,139 
Shareholders' funds
440,269 
330,853 
For the year ending 30 September 2023 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 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 of Directors and authorised for issue on 20 November 2023 and were signed on its behalf by
P J Jones Director Company Registration No. 4108788
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NCI Systems limited Notes to the Accounts for the year ended 30 September 2023
1
Statutory information
NCI Systems limited is a private company, limited by shares, registered in England and Wales, registration number 4108788. The registered office is 2 RYDENS ROAD, WALTON ON THAMES, SURREY, KT12 3BS.
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:
Plant & machinery
25% reducing balance basis
4
Tangible fixed assets
Plant & machinery 
£ 
Cost or valuation
At cost 
At 1 October 2022
353,125 
Additions
74,827 
Disposals
(16,206)
At 30 September 2023
411,746 
Depreciation
At 1 October 2022
238,040 
Charge for the year
46,984 
On disposals
(14,231)
At 30 September 2023
270,793 
Net book value
At 30 September 2023
140,953 
At 30 September 2022
115,085 
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NCI Systems limited Notes to the Accounts for the year ended 30 September 2023
5
Investments
Subsidiary undertakings 
£ 
Valuation at 1 October 2022
20,000 
Valuation at 30 September 2023
20,000 
6
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
182,924 
58,048 
Other debtors
270,855 
54,752 
453,779 
112,800 
7
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Trade creditors
33,489 
24,692 
Amounts owed to group undertakings and other participating interests
32 
32 
Taxes and social security
205,761 
167,186 
Other creditors
126,727 
106,675 
366,009 
298,585 
8
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Amounts owed to group undertakings and other participating interests
20,900 
20,900 
Other creditors
91,667 
141,667 
112,567 
162,567 
Included within other creditors falling due after one year are: 1-an amount of £20900(2022 £20900) owed to NCI Europe limited in respect of liabilities which fall due for payment after more than five years from the balance sheet date. 2-an amount of £91667(2022 £141667) in respect of the Coronavirus Business Interruption Scheme (CBIL Scheme) which is repayable within 5 years. The interest rate on the CBIL Scheme is 3.11% fixed for the first five years reverting to 2.81% plus Bank base rate for year six.
9
Operating lease commitments
2023 
2022 
£ 
£ 
At 30 September 2023 the company had the following future minimum lease payments under non-cancellable operating leases for each of the following periods:
Not later than one year
27,000 
28,785 
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NCI Systems limited Notes to the Accounts for the year ended 30 September 2023
10
Transactions with related parties
Included within Debtors of less than one year is a loan to W.Jones & Sons ( Motor Engineers) limited in the sum of £200,000 (2022 £0). PJ Jones is both a director and shareholder and RO Jones a shareholder of this company. The loan is secured on the assets of the borrower and has no fixed repayment date but is repayable on demand . Interest is charged at a commercial rate of .6% per calendar month.
11
Average number of employees
During the year the average number of employees was 13 (2022: 12).
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