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REGISTERED NUMBER: 03341717 (England and Wales)















FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2023

FOR

SYSTEMFAST TECHNIQUES LIMITED

SYSTEMFAST TECHNIQUES LIMITED (REGISTERED NUMBER: 03341717)

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










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


SYSTEMFAST TECHNIQUES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 JUNE 2023







DIRECTORS: Mr S A Gill
Mrs S E Gill





SECRETARY: Mrs S E Gill





REGISTERED OFFICE: 38 Carshalton Road
Camberley
Surrey
GU15 4AQ





REGISTERED NUMBER: 03341717 (England and Wales)





ACCOUNTANTS: MGR SD Limited
Chartered Accountants
55 Loudoun Road
London
NW8 0DL

SYSTEMFAST TECHNIQUES LIMITED (REGISTERED NUMBER: 03341717)

BALANCE SHEET
30 JUNE 2023

30.6.23 30.6.22
Notes £    £   
FIXED ASSETS
Tangible assets 4 1,045 1,392

CURRENT ASSETS
Debtors 5 1,008 1,859
Cash at bank 60,931 71,052
61,939 72,911
CREDITORS
Amounts falling due within one year 6 (19,383 ) (31,538 )
NET CURRENT ASSETS 42,556 41,373
TOTAL ASSETS LESS CURRENT
LIABILITIES

43,601

42,765

PROVISIONS FOR LIABILITIES 7 (198 ) (265 )
NET ASSETS 43,403 42,500

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 43,303 42,400
SHAREHOLDERS' FUNDS 43,403 42,500

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.

SYSTEMFAST TECHNIQUES LIMITED (REGISTERED NUMBER: 03341717)

BALANCE SHEET - 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 26 January 2024 and were signed on its behalf by:





Mr S A Gill - Director


SYSTEMFAST TECHNIQUES LIMITED (REGISTERED NUMBER: 03341717)

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


1. STATUTORY INFORMATION

Systemfast Techniques 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.

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

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 25% on reducing balance
Computer equipment - 25% on reducing balance

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

SYSTEMFAST TECHNIQUES LIMITED (REGISTERED NUMBER: 03341717)

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


4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 July 2022
and 30 June 2023 25,018 11,853 36,871
DEPRECIATION
At 1 July 2022 24,941 10,538 35,479
Charge for year 19 328 347
At 30 June 2023 24,960 10,866 35,826
NET BOOK VALUE
At 30 June 2023 58 987 1,045
At 30 June 2022 77 1,315 1,392

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.23 30.6.22
£    £   
Other debtors 1,008 1,859

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.23 30.6.22
£    £   
Trade creditors 73 -
Taxation and social security 1,218 13,446
Other creditors 18,092 18,092
19,383 31,538

7. PROVISIONS FOR LIABILITIES
30.6.23 30.6.22
£    £   
Deferred tax
Accelerated capital allowances 198 265

Deferred
tax
£   
Balance at 1 July 2022 265
Credit to Income Statement during year (67 )
Balance at 30 June 2023 198

SYSTEMFAST TECHNIQUES LIMITED (REGISTERED NUMBER: 03341717)

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


8. CALLED UP SHARE CAPITAL

Allotted and issued:
Number: Class: Nominal 30.6.23 30.6.22
value: £    £   
100 Share capital 1 £1 100 100