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Company Registration No. 11664166 (England and Wales)
System Thinking Limited Unaudited accounts for the year ended 30 November 2022
System Thinking Limited Unaudited accounts Contents
Page
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System Thinking Limited Company Information for the year ended 30 November 2022
Directors
L J Garrard J M Garrard
Company Number
11664166 (England and Wales)
Registered Office
3 Harvest Way Elmstead Colchester Essex CO7 7YD
Accountants
Pro Tax Accounting The Colchester Centre Hawkins Road Colchester Essex CO2 8JX
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System Thinking Limited Statement of financial position as at 30 November 2022
2022 
2021 
Notes
£ 
£ 
Fixed assets
Tangible assets
18,225 
13,385 
Current assets
Debtors
46,368 
24,288 
Cash at bank and in hand
101,986 
70,192 
148,354 
94,480 
Creditors: amounts falling due within one year
(70,964)
(43,541)
Net current assets
77,390 
50,939 
Net assets
95,615 
64,324 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
95,515 
64,224 
Shareholders' funds
95,615 
64,324 
For the year ending 30 November 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 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 29 March 2023 and were signed on its behalf by
L J Garrard Director Company Registration No. 11664166
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System Thinking Limited Notes to the Accounts for the year ended 30 November 2022
1
Statutory information
System Thinking Limited is a private company, limited by shares, registered in England and Wales, registration number 11664166. The registered office is 3 Harvest Way, Elmstead, Colchester, Essex, CO7 7YD.
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
20% reducing balance basis
Fixtures & fittings
20% reducing balance basis
Computer equipment
20% reducing balance basis
4
Tangible fixed assets
Plant & machinery 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 December 2021
- 
2,618 
16,330 
18,948 
Additions
1,214 
6,360 
1,822 
9,396 
At 30 November 2022
1,214 
8,978 
18,152 
28,344 
Depreciation
At 1 December 2021
- 
688 
4,875 
5,563 
Charge for the year
243 
1,658 
2,655 
4,556 
At 30 November 2022
243 
2,346 
7,530 
10,119 
Net book value
At 30 November 2022
971 
6,632 
10,622 
18,225 
At 30 November 2021
- 
1,930 
11,455 
13,385 
5
Debtors
2022 
2021 
£ 
£ 
Amounts falling due within one year
Trade debtors
46,368 
24,288 
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System Thinking Limited Notes to the Accounts for the year ended 30 November 2022
6
Creditors: amounts falling due within one year
2022 
2021 
£ 
£ 
VAT
21,408 
11,189 
Trade creditors
3,446 
56 
Taxes and social security
45,445 
32,372 
Loans from directors
665 
(76)
70,964 
43,541 
7
Share capital
2022 
2021 
£ 
£ 
Allotted, called up and fully paid:
50 Ordinary A shares of £1 each
50 
50 
50 Ordinary B shares of £1 each
50 
50 
100 
100 
8
Average number of employees
During the year the average number of employees was 4 (2021: 3).
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