IRIS Accounts Production v23.3.0.418 09530826 Board of Directors Board of Directors 1.7.22 30.6.23 30.6.23 false true false false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh095308262022-06-30095308262023-06-30095308262022-07-012023-06-30095308262021-06-30095308262021-07-012022-06-30095308262022-06-3009530826ns10:Originalns15:EnglandWales2022-07-012023-06-3009530826ns14:PoundSterlingns10:Original2022-07-012023-06-3009530826ns10:Originalns10:Director12022-07-012023-06-3009530826ns10:Original2022-07-012023-06-3009530826ns10:Originalns10:Director22022-07-012023-06-3009530826ns10:Original2023-06-3009530826ns10:Originalns10:PrivateLimitedCompanyLtd2022-07-012023-06-3009530826ns10:Originalns10:SmallEntities2022-07-012023-06-3009530826ns10:Originalns10:AuditExempt-NoAccountantsReport2022-07-012023-06-3009530826ns10:Originalns10:SmallCompaniesRegimeForDirectorsReport2022-07-012023-06-3009530826ns10:SmallCompaniesRegimeForAccountsns10:Original2022-07-012023-06-3009530826ns10:Originalns10:FullAccounts2022-07-012023-06-3009530826ns10:Original12022-07-012023-06-3009530826ns10:Original2022-06-3009530826ns10:Originalns5:CurrentFinancialInstruments2023-06-3009530826ns10:Originalns5:CurrentFinancialInstruments2022-06-3009530826ns5:ShareCapitalns10:Original2023-06-3009530826ns5:ShareCapitalns10:Original2022-06-3009530826ns10:Originalns5:RetainedEarningsAccumulatedLosses2023-06-3009530826ns10:Originalns5:RetainedEarningsAccumulatedLosses2022-06-3009530826ns10:Originalns10:RegisteredOffice2022-07-012023-06-3009530826ns10:Originalns5:NetGoodwill2022-07-012023-06-3009530826ns10:Original2021-07-012022-06-3009530826ns10:Originalns5:NetGoodwill2022-06-3009530826ns10:Originalns5:NetGoodwill2023-06-3009530826ns10:Originalns5:NetGoodwill2022-06-3009530826ns10:Originalns5:PlantMachinery2022-06-3009530826ns10:Originalns5:PlantMachinery2022-07-012023-06-3009530826ns10:Originalns5:PlantMachinery2023-06-3009530826ns10:Originalns5:PlantMachinery2022-06-3009530826ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-06-3009530826ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-06-30
REGISTERED NUMBER: 09530826 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2023

FOR

SYSTEMS M'ARENA LIMITED

SYSTEMS M'ARENA LIMITED (REGISTERED NUMBER: 09530826)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023




Page

Statement of Financial Position 1

Notes to the Financial Statements 3


SYSTEMS M'ARENA LIMITED (REGISTERED NUMBER: 09530826)

STATEMENT OF FINANCIAL POSITION
30 JUNE 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 5 - -
Tangible assets 6 8,391 10,307
8,391 10,307

CURRENT ASSETS
Stocks 235,013 236,290
Debtors 7 960,093 1,229,051
Cash at bank and in hand 321,732 525,017
1,516,838 1,990,358
CREDITORS
Amounts falling due within one year 8 933,960 1,066,031
NET CURRENT ASSETS 582,878 924,327
TOTAL ASSETS LESS CURRENT
LIABILITIES

591,269

934,634

PROVISIONS FOR LIABILITIES 2,098 1,797
NET ASSETS 589,171 932,837

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 589,071 932,737
SHAREHOLDERS' FUNDS 589,171 932,837

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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.

SYSTEMS M'ARENA LIMITED (REGISTERED NUMBER: 09530826)

STATEMENT OF FINANCIAL POSITION - continued
30 JUNE 2023


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 Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 27 November 2023 and were signed on its behalf by:




J A Doyle - Director



J K Cleary - Director


SYSTEMS M'ARENA LIMITED (REGISTERED NUMBER: 09530826)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023

1. STATUTORY INFORMATION

Systems M'Arena Limited 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: 09530826

Registered office: Carylls Lea
Faygate Lane
Faygate
West Sussex
RH12 4SJ

The presentation currency of the financial statements is the Pound Sterling (£).


All amounts in the financial statements have been rounded to the nearest £.

2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

Significant judgements and estimates
In preparing these financial statements, the members have made the following judgements:

Determine whether there are indicators of impairment of the entity's tangible assets. Factors taken into consideration in reaching such a decision include the economic viability and expected future financial performance of the asset and where it is a component of a larger cash-generating unit, the viability and expected future performance of that unit.

Other key sources of estimation uncertainty

Tangible fixed assets
Tangible fixed assets are depreciated over their useful lives taking into account residual values, where appropriate. The actual lives of the assets and residual values are assessed annually and may vary depending on a number of factors. In re-assessing asset lives, factors such as technological innovation, product life cycles and maintenance programmes are taken into account. Residual value assessments consider issues such as future market conditions, the remaining life of the asset and projected disposal values.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2015, is being amortised evenly over its estimated useful life of one years.

SYSTEMS M'ARENA LIMITED (REGISTERED NUMBER: 09530826)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2023

3. ACCOUNTING POLICIES - continued

Tangible fixed assets
Tangible fixed assets held for the company's own use are stated at cost less accumulated depreciation and accumulated impairment losses.

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 10%, 20%, 25%, 33% on cost and over lease term

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Financial instruments
Basic financial assets, which include trade debtors, other debtors, cash and bank balances, are initially measured at the transaction price including transaction costs and are subsequently recognised at amortised cost.

Basic financial liabilities, including trade creditors and other creditors, are initially recognised at transaction price and are subsequently recognised at amortised cost.

Classification of financial liabilities
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Interest income
Interest income is recognised in the Statement of Comprehensive Income using the effective interest method.

Pension costs
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.

Holiday pay accruals
A liability is recognised to the extent of any unused holiday pay entitlement which has accrued at the balance sheet date and carried forward to future periods. This is measured at the undiscounted salary cost of the future holiday entitlement so accrued at the balance sheet date.

SYSTEMS M'ARENA LIMITED (REGISTERED NUMBER: 09530826)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2023

3. ACCOUNTING POLICIES - continued

Dividends
Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting. Dividends on shares recognised as liabilities are recognised as expenses and classified within interest payable.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 10 (2022 - 10 ) .

5. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 July 2022
and 30 June 2023 1
AMORTISATION
At 1 July 2022
and 30 June 2023 1
NET BOOK VALUE
At 30 June 2023 -
At 30 June 2022 -

6. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 July 2022 41,963
Additions 1,900
At 30 June 2023 43,863
DEPRECIATION
At 1 July 2022 31,656
Charge for year 3,816
At 30 June 2023 35,472
NET BOOK VALUE
At 30 June 2023 8,391
At 30 June 2022 10,307

SYSTEMS M'ARENA LIMITED (REGISTERED NUMBER: 09530826)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2023

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 959,586 1,229,051
Other debtors 507 -
960,093 1,229,051

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 742,990 638,503
Taxation and social security 140,981 220,777
Other creditors 49,989 206,751
933,960 1,066,031

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

During the year amounts totalled £870,351 were advanced to directors and amounts totalled £727,362 were repaid. The company charged interest totalling £2,317 to the directors.

At the balance sheet date the company owed £10,131 (2022: £155,437) to the directors.