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Company Registration No. 13007843 (England and Wales)
SYSFLEX LTD Unaudited accounts for the year ended 30 November 2023
SYSFLEX LTD Unaudited accounts Contents
Page
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SYSFLEX LTD Company Information for the year ended 30 November 2023
Director
Mr James Zalewski
Company Number
13007843 (England and Wales)
Registered Office
D12A CHELWORTH INDUSTRIAL ESTATE CHELWOR CRICKLADE SWINDON SN6 6HE ENGLAND
Accountants
Azoth Solutions Ltd Jonathan Scott Hall Thorpe Road Norwich Norfolk NR1 1UH
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SYSFLEX LTD Statement of financial position as at 30 November 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
3,604 
958 
Current assets
Debtors
16,838 
10,003 
Cash at bank and in hand
(1,181)
134 
15,657 
10,137 
Creditors: amounts falling due within one year
(30,437)
(37,608)
Net current liabilities
(14,780)
(27,471)
Net liabilities
(11,176)
(26,513)
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
(11,177)
(26,514)
Shareholders' funds
(11,176)
(26,513)
For the year ending 30 November 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 4 July 2024 and were signed on its behalf by
Mr James Zalewski Director Company Registration No. 13007843
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SYSFLEX LTD Notes to the Accounts for the year ended 30 November 2023
1
Statutory information
SYSFLEX LTD is a private company, limited by shares, registered in England and Wales, registration number 13007843. The registered office is D12A CHELWORTH INDUSTRIAL ESTATE CHELWOR, CRICKLADE, SWINDON, SN6 6HE, ENGLAND.
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.
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.
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:
Motor vehicles
25% RBM
Computer equipment
25% RBM
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.
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SYSFLEX LTD Notes to the Accounts for the year ended 30 November 2023
4
Tangible fixed assets
Motor vehicles 
Computer equipment 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 December 2022
1,000 
- 
1,000 
Additions
1,333 
1,873 
3,206 
At 30 November 2023
2,333 
1,873 
4,206 
Depreciation
At 1 December 2022
42 
- 
42 
Charge for the year
287 
273 
560 
At 30 November 2023
329 
273 
602 
Net book value
At 30 November 2023
2,004 
1,600 
3,604 
At 30 November 2022
958 
- 
958 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
14,458 
3,792 
Amounts falling due after more than one year
Other debtors
2,380 
6,211 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
500 
- 
VAT
10,776 
2,539 
Trade creditors
2,133 
1,049 
Taxes and social security
7,482 
2,745 
Other creditors
1,586 
1,060 
Loans from directors
6,460 
28,636 
Accruals
1,500 
1,579 
30,437 
37,608 
7
Average number of employees
During the year the average number of employees was 1 (2022: 1).
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