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REGISTERED NUMBER: 03737631 (England and Wales)















Financial Statements for the Year Ended 31 July 2022

for

Sysdoc Limited

Sysdoc Limited (Registered number: 03737631)






Contents of the Financial Statements
for the Year Ended 31 July 2022




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3

Accountants' Report 7

Sysdoc Limited

Company Information
for the Year Ended 31 July 2022







DIRECTORS: M A J van der Bas
Ms K P Corich
Ms C Hill





SECRETARY: M A J van der Bas





REGISTERED OFFICE: c/o CAAT Advisory Ltd
Wework Southbank Central
30 Stamford Street
London
SE1 9LQ





REGISTERED NUMBER: 03737631 (England and Wales)





ACCOUNTANTS: CAAT Advisory Ltd
Wework Southbank Central
30 Stamford Street
London
SE1 9PY

Sysdoc Limited (Registered number: 03737631)

Balance Sheet
31 July 2022

31.7.22 31.7.21
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 577,267 -
Tangible assets 5 13,512 12,641
590,779 12,641

CURRENT ASSETS
Debtors 6 2,643,791 2,466,955
Cash at bank 2,733,523 4,323,683
5,377,314 6,790,638
CREDITORS
Amounts falling due within one year 7 1,485,310 1,987,810
NET CURRENT ASSETS 3,892,004 4,802,828
TOTAL ASSETS LESS CURRENT
LIABILITIES

4,482,783

4,815,469

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 4,482,782 4,815,468
SHAREHOLDERS' FUNDS 4,482,783 4,815,469

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2022 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.

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 22 December 2023 and were signed on its behalf by:




M A J van der Bas - Director


Sysdoc Limited (Registered number: 03737631)

Notes to the Financial Statements
for the Year Ended 31 July 2022

1. STATUTORY INFORMATION

Sysdoc Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

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

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Significant judgements and estimates
In the application of the company's accounting policies, the directors are required to make judgments, estimates and assumptions about the carrying values of assets and liabilities that are not readily apparent from other sources. The estimates and underlying assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised if the revision affects only that period, or in the period of the revision and future periods if the revision affects both current and future periods.

Turnover
Revenue is the amount derived from ordinary activities and is measured at the fair value of the consideration received or receivable for the provision of services Revenue is stated net of VAT.

The company recognises revenue when:

the amount of revenue can be measured reliably;
it is probable that the economic benefits associated with the transaction will flow to the company; and
specific criteria have been met for each of the company's activities.,

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Patents and licences are being amortised evenly over their estimated useful life of nil years.

Computer software is being amortised evenly over its estimated useful life of ten years.

Tangible fixed assets
Tangible fixed assets 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 - 25% on cost
Fixtures and fittings - 25% on cost


Sysdoc Limited (Registered number: 03737631)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2022

2. ACCOUNTING POLICIES - continued
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 balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Hire purchase and leasing commitments
Rental payable under operating leases, including any lease incentives received, are charged to income on a straight line basis over the term of the relevant lease except where another systematic basis is more representative of the time pattern in which economic benefits from the lease asset are consumed.

Employee benefits
Short-term employee benefits are recognised as an expense in the period in which they are incurred.

The obligations for contributions to defined contribution scheme are recognised as an expense in the period they are incurred. The assets of the scheme are held separately from those of the company in an independently administered fund.

Trade and other debtors
Trade and other debtors that are receivable within one year and do not constitute a financing transaction are recorded at the undiscounted amount expected to be received, net of impairment. Those that are receivable after more than one year or that constitute a financing transaction are recorded initially at fair value less transaction costs and subsequently at amortised cost, net of impairment.

Cash and cash equivalents
Cash and cash equivalents comprise cash at bank and in hand, demand deposits with banks and other short-term highly liquid investments with original maturities of three months or less and bank overdrafts. In the statement of financial position, bank overdrafts are shown within borrowings or current liabilities.

Trade and other creditors
Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method unless the effect of discounting would be immaterial, in which case they are stated at cost.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 83 (2021 - 65 ) .

Sysdoc Limited (Registered number: 03737631)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2022

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 August 2021 6,289
Additions 641,408
At 31 July 2022 647,697
AMORTISATION
At 1 August 2021 6,289
Charge for year 64,141
At 31 July 2022 70,430
NET BOOK VALUE
At 31 July 2022 577,267
At 31 July 2021 -

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 August 2021 283,594
Additions 7,970
At 31 July 2022 291,564
DEPRECIATION
At 1 August 2021 270,953
Charge for year 7,099
At 31 July 2022 278,052
NET BOOK VALUE
At 31 July 2022 13,512
At 31 July 2021 12,641

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.22 31.7.21
£    £   
Trade debtors 2,422,232 2,133,779
Other debtors 221,559 333,176
2,643,791 2,466,955

Sysdoc Limited (Registered number: 03737631)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2022

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.22 31.7.21
£    £   
Trade creditors 84,176 174,592
Amounts owed to group undertakings 878,104 1,189,304
Taxation and social security 306,249 309,040
Other creditors 216,781 314,874
1,485,310 1,987,810

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 July 2022 and 31 July 2021:

31.7.22 31.7.21
£    £   
Ms K P Corich
Balance outstanding at start of year 30,132 30,132
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 30,132 30,132

M A J van der Bas
Balance outstanding at start of year 20,365 9,290
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 20,365 20,365

Ms C Hill
Balance outstanding at start of year 540 540
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 540 540

The amounts advanced are interest free and repayable on demand.

9. RELATED PARTY DISCLOSURES

The company is a wholly owned subsidiary of The Sysdoc Group Ltd a company incorporated in New Zealand. The directors consider the ultimate controlling party to be Independent Professional Trustees (2008) Ltd.

Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Sysdoc Limited

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Sysdoc Limited for the year ended 31 July 2022 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.







CAAT Advisory Ltd
Wework Southbank Central
30 Stamford Street
London
SE1 9PY


22 December 2023