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Company Registration No. 05235781 (England and Wales)
School Library Systems Limited Unaudited accounts for the year ended 30 September 2023
School Library Systems Limited Unaudited accounts Contents
Page
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School Library Systems Limited Company Information for the year ended 30 September 2023
Director
Richard Griffiths
Secretary
Adrian Loughrey
Company Number
05235781 (England and Wales)
Registered Office
St John's Terrace, 34 Kenwood Road Stretford Manchester M32 8PT
Accountants
Bee Motion Accounting Limited 136 Hall Street Stockport Greater Manchester SK1 4HE
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School Library Systems Limited Accountants' report
Accountants' report to the director of School Library Systems Limited on the preparation of the unaudited statutory accounts for the year ended 30 September 2023
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of School Library Systems Limited for the year ended 30 September 2023 as set out on pages 5 - 8 from the company's accounting records and from information and explanations you have given us.
This report is made solely to the Board of Directors of School Library Systems Limited, as a body, in accordance with the terms of our engagement. Our work has been undertaken solely to prepare for your approval the accounts of School Library Systems Limited and state those matters that we have agreed to state to them, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than School Library Systems Limited and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that School Library Systems Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of School Library Systems Limited. You consider that School Library Systems Limited is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of School Library Systems Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
Bee Motion Accounting Limited 136 Hall Street Stockport Greater Manchester SK1 4HE 27 December 2023
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School Library Systems Limited Statement of financial position as at 30 September 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
1,516 
- 
Current assets
Debtors
17,842 
- 
Cash at bank and in hand
202,420 
142,024 
220,262 
142,024 
Creditors: amounts falling due within one year
(71,681)
(47,832)
Net current assets
148,581 
94,192 
Total assets less current liabilities
150,097 
94,192 
Provisions for liabilities
Deferred tax
(318)
- 
Net assets
149,779 
94,192 
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
149,778 
94,191 
Shareholders' funds
149,779 
94,192 
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 director acknowledges his 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 and authorised for issue on 27 December 2023 and were signed on its behalf by
Richard Griffiths Director Company Registration No. 05235781
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School Library Systems Limited Notes to the Accounts for the year ended 30 September 2023
1
Statutory information
School Library Systems Limited is a private company, limited by shares, registered in England and Wales, registration number 05235781. The registered office is St John's Terrace, 34 Kenwood Road, Stretford, Manchester, M32 8PT.
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
Presentation currency
The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.
Foreign exchange
Monetary 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 rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and/or services. i) Sale of goods Turnover from the sale of goods are recognised when significant risks and rewards of ownership have transferred to the buyer, the amount of turnover can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company. ii) Rendering of services Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
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:
Computer equipment
25% Straight Line
Taxation
Taxation expense for the period comprises current and deferred tax recognised in the reporting period. Tax is recognised in the profit and loss account, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case tax is also recognised in other comprehensive income or directly in equity respectively. Current tax is the amount of income tax payable in respect of the taxable profit for the year or prior years. Tax is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the period end. Management periodically evaluates positions taken in tax returns with respect to situations in which applicable tax regulation is subject to interpretation. It establishes provisions where appropriate on the basis of amounts expected to be paid to the tax authorities.
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School Library Systems Limited Notes to the Accounts for the year ended 30 September 2023
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
Going concern
The company has considerable financial resources together with contracts with a number of clients. The director believes that the company is well placed to manage its business risks successfully. After making enquiries, the director has reasonable expectations that the company has adequate resources to continue in operational existence for a period of at least twelve months and for the foreseeable future. Accordingly, they continue to adopt the going concern basis in preparing the annual report.
4
Tangible fixed assets
Computer equipment 
£ 
Cost or valuation
At cost 
At 1 October 2022
6,127 
Additions
1,733 
At 30 September 2023
7,860 
Depreciation
At 1 October 2022
6,127 
Charge for the year
217 
At 30 September 2023
6,344 
Net book value
At 30 September 2023
1,516 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
17,842 
- 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
VAT
1,756 
- 
Trade creditors
685 
- 
Taxes and social security
20,141 
10,448 
Loans from directors
41,980 
36,972 
Accruals
7,119 
412 
71,681 
47,832 
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School Library Systems Limited Notes to the Accounts for the year ended 30 September 2023
7
Deferred taxation
2023 
2022 
£ 
£ 
Accelerated capital allowances
318 
- 
2023 
2022 
£ 
£ 
Charged to the profit and loss account
318 
- 
Provision at end of year
318 
- 
8
Share capital
2023 
2022 
£ 
£ 
Allotted, called up and fully paid:
1 Ordinary shares of £1 each
1 
1 
9
Average number of employees
During the year the average number of employees was 1 (2022: 1).
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