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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
Page
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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
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Systematic Servicing (Equipment) Limited Statement of financial position as at 31 December 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
123,307 
189,719 
Current assets
Inventories
295,145 
293,181 
Debtors
315,112 
146,559 
Cash at bank and in hand
24,364 
45,268 
634,621 
485,008 
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 
Capital and reserves
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
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Systematic Servicing (Equipment) Limited Notes to the Accounts for the year ended 31 December 2023
1
Statutory information
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.
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.
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 
Depreciation
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 
Net book value
At 31 December 2023
72,245 
47,877 
3,185 
123,307 
At 31 December 2022
80,145 
102,948 
6,626 
189,719 
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Systematic Servicing (Equipment) Limited Notes to the Accounts for the year ended 31 December 2023
5
Debtors
2023 
2022 
£ 
£ 
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 
Other debtors
1,200 
- 
315,112 
146,559 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
VAT
51,148 
34,262 
Trade creditors
127,097 
96,203 
Taxes and social security
29,059 
24,695 
Accruals
19,020 
31,770 
226,324 
186,930 
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).
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