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
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
System Thinking Limited
Statement of financial position
as at 30 November 2022
Tangible assets
18,225
13,385
Cash at bank and in hand
101,986
70,192
Creditors: amounts falling due within one year
(70,964)
(43,541)
Net current assets
77,390
50,939
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
System Thinking Limited
Notes to the Accounts
for the year ended 30 November 2022
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
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
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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
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
At 30 November 2022
971
6,632
10,622
18,225
At 30 November 2021
-
1,930
11,455
13,385
Amounts falling due within one year
Trade debtors
46,368
24,288
System Thinking Limited
Notes to the Accounts
for the year ended 30 November 2022
6
Creditors: amounts falling due within one year
2022
2021
Taxes and social security
45,445
32,372
Loans from directors
665
(76)
Allotted, called up and fully paid:
50 Ordinary A shares of £1 each
50
50
50 Ordinary B shares of £1 each
50
50
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Average number of employees
During the year the average number of employees was 4 (2021: 3).