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REGISTERED NUMBER: 05611803 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2024

for

Systems It support and consultancy
limited

Systems It support and consultancy
limited (Registered number: 05611803)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3

Report of the Accountants 5

Systems It support and consultancy
limited

Company Information
for the Year Ended 31 March 2024







DIRECTORS: F Steele
T Lawrence
A A Di Prinzio





SECRETARY: Mrs J A Hall





REGISTERED OFFICE: Europoint House
5-11 Lavington Street
London
SE1 0NZ





REGISTERED NUMBER: 05611803 (England and Wales)





ACCOUNTANTS: Fouracre Accountancy Services Ltd
10 Church Square
Leighton Buzzard
Bedfordshire
LU7 1AE

Systems It support and consultancy
limited (Registered number: 05611803)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 48,859 61,074
Investments 5 168,952 168,952
217,811 230,026

CURRENT ASSETS
Debtors 6 164,865 125,583
Cash in hand 607,390 628,051
772,255 753,634
CREDITORS
Amounts falling due within one year 7 178,235 199,144
NET CURRENT ASSETS 594,020 554,490
TOTAL ASSETS LESS CURRENT
LIABILITIES

811,831

784,516

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 811,731 784,416
SHAREHOLDERS' FUNDS 811,831 784,516

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 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 28 July 2024 and were signed on its behalf by:



F Steele - Director


Systems It support and consultancy
limited (Registered number: 05611803)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

Systems It support and consultancy 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.
Plant and machinery etc - 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 16 (2023 - 15 ) .

Systems It support and consultancy
limited (Registered number: 05611803)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 April 2023
and 31 March 2024 23,225 277,647 300,872
DEPRECIATION
At 1 April 2023 15,091 224,707 239,798
Charge for year 1,627 10,588 12,215
At 31 March 2024 16,718 235,295 252,013
NET BOOK VALUE
At 31 March 2024 6,507 42,352 48,859
At 31 March 2023 8,134 52,940 61,074

5. FIXED ASSET INVESTMENTS
Own
shares
£   
COST
At 1 April 2023
and 31 March 2024 168,952
NET BOOK VALUE
At 31 March 2024 168,952
At 31 March 2023 168,952

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 151,706 112,424
Other debtors 13,159 13,159
164,865 125,583

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade creditors 39,295 52,760
Taxation and social security 125,792 133,236
Other creditors 13,148 13,148
178,235 199,144

Systems It support and consultancy
limited

Report of the Accountants to the Directors of
Systems It support and consultancy
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.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 31 March 2024 set out on pages nil to eight and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.






Fouracre Accountancy Services Ltd
10 Church Square
Leighton Buzzard
Bedfordshire
LU7 1AE


Date: .............................................