Company Registration No. 01192724 (England and Wales)
Systematic Servicing (Equipment) Limited
Unaudited accounts
for the year ended 31 December 2023
Systematic Servicing (Equipment) Limited
Unaudited accounts
Contents
Systematic Servicing (Equipment) Limited
Company Information
for the year ended 31 December 2023
Directors
David Brash
James Brash
Michael Cece
Nigel Harrison
Michael Cece
DJ Brask
Company Number
01192724 (England and Wales)
Registered Office
Systematic Servicing Equipment Ltd
39-40 Kepler Lichfield Road Industrial E
Tamworth
Staffordshire
B79 7XE
England
Systematic Servicing (Equipment) Limited
Statement of financial position
as at 31 December 2023
Tangible assets
123,307
189,719
Inventories
295,145
293,181
Cash at bank and in hand
24,364
45,268
Creditors: amounts falling due within one year
(226,324)
(186,930)
Net current assets
408,297
298,078
Total assets less current liabilities
531,604
487,797
Creditors: amounts falling due after more than one year
-
(2,500)
Provisions for liabilities
Deferred tax
(8,101)
(12,902)
Net assets
523,503
472,395
Called up share capital
100
100
Profit and loss account
523,403
472,295
Shareholders' funds
523,503
472,395
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 directors acknowledge their 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 of Directors and authorised for issue on 6 September 2024 and were signed on its behalf by
David Brash
Director
Company Registration No. 01192724
Systematic Servicing (Equipment) Limited
Notes to the Accounts
for the year ended 31 December 2023
Systematic Servicing (Equipment) Limited is a private company, limited by shares, registered in England and Wales, registration number 01192724. The registered office is Systematic Servicing Equipment Ltd, 39-40 Kepler Lichfield Road Industrial E, Tamworth, Staffordshire, B79 7XE, 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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
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:
Plant & machinery
33% on cost and 15% reducing balance
Motor vehicles
25% reducing balance
Fixtures & fittings
25% of cost
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At cost
At 1 January 2023
550,181
185,587
51,923
787,691
Additions
10,350
-
-
10,350
Disposals
(26,232)
(44,700)
-
(70,932)
At 31 December 2023
534,299
140,887
51,923
727,109
At 1 January 2023
470,036
82,639
45,297
597,972
Charge for the year
18,250
18,403
3,441
40,094
On disposals
(26,232)
(8,032)
-
(34,264)
At 31 December 2023
462,054
93,010
48,738
603,802
At 31 December 2023
72,245
47,877
3,185
123,307
At 31 December 2022
80,145
102,948
6,626
189,719
Systematic Servicing (Equipment) Limited
Notes to the Accounts
for the year ended 31 December 2023
Amounts falling due within one year
Trade debtors
266,038
105,533
Amounts due from group undertakings etc.
-
6,150
Accrued income and prepayments
47,874
34,876
6
Creditors: amounts falling due within one year
2023
2022
Trade creditors
127,097
96,203
Taxes and social security
29,059
24,695
7
Creditors: amounts falling due after more than one year
2023
2022
Obligations under finance leases and hire purchase contracts
-
2,500
8
Average number of employees
During the year the average number of employees was 10 (2022: 10).