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REGISTERED NUMBER: 11850243 (England and Wales)











SYSTEMS BY DESIGN LTD

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED

27 AUGUST 2023






SYSTEMS BY DESIGN LTD (REGISTERED NUMBER: 11850243)






CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 27 August 2023




Page

Company information 1

Balance sheet 2

Notes to the financial statements 4

Chartered accountants' report 6

SYSTEMS BY DESIGN LTD

COMPANY INFORMATION
for the year ended 27 August 2023







DIRECTORS: A Daved
M Butt





REGISTERED OFFICE: Lygon House
50 London Road
Bromley
Kent
BR1 3RA





REGISTERED NUMBER: 11850243 (England and Wales)





ACCOUNTANTS: Berringers LLP
Chartered Accountants
Lygon House
50 London Road
Bromley
Kent
BR1 3RA

SYSTEMS BY DESIGN LTD (REGISTERED NUMBER: 11850243)

BALANCE SHEET
27 August 2023

2023 2022
Notes £    £   
CURRENT ASSETS
Debtors 4 13,800 58,554
Cash at bank 33,206 97,165
47,006 155,719
CREDITORS
Amounts falling due within one year 5 28,454 128,167
NET CURRENT ASSETS 18,552 27,552
TOTAL ASSETS LESS CURRENT
LIABILITIES

18,552

27,552

CREDITORS
Amounts falling due after more than one year 6 15,750 24,750
NET ASSETS 2,802 2,802

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 2,800 2,800
2,802 2,802

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 27 August 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 27 August 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.

SYSTEMS BY DESIGN LTD (REGISTERED NUMBER: 11850243)

BALANCE SHEET - continued
27 August 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 Statement of income and retained earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 27 August 2024 and were signed on its behalf by:





M Butt - Director


SYSTEMS BY DESIGN LTD (REGISTERED NUMBER: 11850243)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 27 August 2023

1. STATUTORY INFORMATION

Systems By Design Ltd 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.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

3. EMPLOYEES AND DIRECTORS

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

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 10,513 2,864
Other debtors 3,287 55,690
13,800 58,554

SYSTEMS BY DESIGN LTD (REGISTERED NUMBER: 11850243)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 27 August 2023

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 9,000 9,000
Trade creditors 17,121 104,106
Other creditors 2,333 15,061
28,454 128,167

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 15,750 24,750

7. RELATED PARTY DISCLOSURES

At the balance sheet date the company owed the director M Butt £0 (2022: £3,488).

CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS
ON THE UNAUDITED FINANCIAL STATEMENTS OF
SYSTEMS BY DESIGN LTD

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.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Systems By Design Ltd for the year ended 27 August 2023 which comprise the Statement of income and retained earnings, Balance sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Systems By Design Ltd, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Systems By Design Ltd and state those matters that we have agreed to state to the Board of Directors of Systems By Design Ltd, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Systems By Design Ltd and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Systems By Design Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Systems By Design Ltd. You consider that Systems By Design Ltd 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 financial statements of Systems By Design Ltd. 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 financial statements.






Berringers LLP
Chartered Accountants
Lygon House
50 London Road
Bromley
Kent
BR1 3RA


27 August 2024