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Company Registration No. 04507263 (England and Wales)
SDC Systems Limited Unaudited accounts for the year ended 31 December 2023
SDC Systems Limited Unaudited accounts Contents
Page
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SDC Systems Limited Company Information for the year ended 31 December 2023
Director
Stuart Parker
Secretary
Caroline Daly
Company Number
04507263 (England and Wales)
Registered Office
144 WILBURY ROAD LETCHWORTH HERTFORDSHIRE SG6 4JG
Accountants
RPJ Accountancy Limited Rivers Lodge West Common Harpenden Hertfordshire AL5 2JD
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SDC Systems Limited Accountants' report
Accountants' report to the director of SDC Systems Limited on the preparation of the unaudited statutory accounts for the year ended 31 December 2023
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of SDC Systems Limited for the year ended 31 December 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 SDC 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 SDC 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 SDC Systems Limited and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that SDC 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 loss of SDC Systems Limited. You consider that SDC 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 SDC 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.
RPJ Accountancy Limited Rivers Lodge West Common Harpenden Hertfordshire AL5 2JD 21 February 2024
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SDC Systems Limited Statement of financial position as at 31 December 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
850 
1,710 
Current assets
Debtors
184,723 
98,648 
Investments
1 
1 
Cash at bank and in hand
268 
56,461 
184,992 
155,110 
Creditors: amounts falling due within one year
(238,992)
(160,523)
Net current liabilities
(54,000)
(5,413)
Total assets less current liabilities
(53,150)
(3,703)
Creditors: amounts falling due after more than one year
(7,791)
(14,182)
Net liabilities
(60,941)
(17,885)
Capital and reserves
Called up share capital
10,000 
10,000 
Share premium
10,000 
10,000 
Profit and loss account
(80,941)
(37,885)
Shareholders' funds
(60,941)
(17,885)
For the year ending 31 December 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 6 March 2024 and were signed on its behalf by
Stuart Parker Director Company Registration No. 04507263
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SDC Systems Limited Notes to the Accounts for the year ended 31 December 2023
1
Statutory information
SDC Systems Limited is a private company, limited by shares, registered in England and Wales, registration number 04507263. The registered office is 144 WILBURY ROAD, LETCHWORTH, HERTFORDSHIRE, SG6 4JG.
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.
Going concern
The director has confirmed that he will continue to give financial support to the company until such time as its position improves. The company made a profit this year, in a difficult year and already has several projects on the go for the next financial year. The director considers that it is appropriate to prepare the financial statements on a going concern basis.
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
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
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SDC Systems Limited Notes to the Accounts for the year ended 31 December 2023
4
Tangible fixed assets
Computer equipment 
£ 
Cost or valuation
At cost 
At 1 January 2023
5,126 
At 31 December 2023
5,126 
Depreciation
At 1 January 2023
3,416 
Charge for the year
860 
At 31 December 2023
4,276 
Net book value
At 31 December 2023
850 
At 31 December 2022
1,710 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
153,325 
67,250 
Amounts due from group undertakings etc.
31,398 
31,398 
184,723 
98,648 
6
Investments held as current assets
2023 
2022 
£ 
£ 
Unlisted investments
7
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
68,149 
29,771 
Trade creditors
62,015 
77,441 
Taxes and social security
30,247 
35,045 
Other creditors
28,620 
17,972 
Loans from directors
20,500 
- 
Accruals
29,461 
294 
238,992 
160,523 
The bank loan and overdraft are secured by a personal guarantee from the director, Mr S Parker and also supported by a second charge on the personal property of the director.
8
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
7,791 
14,182 
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SDC Systems Limited Notes to the Accounts for the year ended 31 December 2023
9
Average number of employees
During the year the average number of employees was 2 (2022: 2).
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