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REGISTERED NUMBER: 03651979 (England and Wales)















Systemize (UK) Limited

Unaudited Financial Statements for the Year Ended 31 December 2023






Systemize (UK) Limited (Registered number: 03651979)






Contents of the Financial Statements
for the Year Ended 31 December 2023




Page

Company Information 1

Balance Sheet 2 to 3

Notes to the Financial Statements 4 to 5


Systemize (UK) Limited

Company Information
for the Year Ended 31 December 2023







DIRECTORS: S J Ball
Mrs J Ball





SECRETARY: Mrs J Ball





REGISTERED OFFICE: 32 The Crescent
Spalding
Lincolnshire
PE11 1AF





REGISTERED NUMBER: 03651979 (England and Wales)





ACCOUNTANTS: Salway and Wright
32 The Crescent
Spalding
Lincolnshire
PE11 1AF

Systemize (UK) Limited (Registered number: 03651979)

Balance Sheet
31 December 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,678 2,202

CURRENT ASSETS
Debtors 5 652,477 671,448
Investments 6 4,099 4,099
Cash at bank 4,547 5,223
661,123 680,770
CREDITORS
Amounts falling due within one year 7 256,129 271,129
NET CURRENT ASSETS 404,994 409,641
TOTAL ASSETS LESS CURRENT
LIABILITIES

406,672

411,843

CREDITORS
Amounts falling due after more than one
year

8

12,252

18,181
NET ASSETS 394,420 393,662

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 394,320 393,562
SHAREHOLDERS' FUNDS 394,420 393,662

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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.

Systemize (UK) Limited (Registered number: 03651979)

Balance Sheet - continued
31 December 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 21 September 2024 and were signed on its behalf by:




S J Ball - Director



Mrs J Ball - Director


Systemize (UK) Limited (Registered number: 03651979)

Notes to the Financial Statements
for the Year Ended 31 December 2023

1. STATUTORY INFORMATION

Systemize (UK) 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.
Computer and office equipment - 20% 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 3 ) .

Systemize (UK) Limited (Registered number: 03651979)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

4. TANGIBLE FIXED ASSETS
Computer
and
office
equipment
£   
COST
At 1 January 2023
and 31 December 2023 5,737
DEPRECIATION
At 1 January 2023 3,535
Charge for year 524
At 31 December 2023 4,059
NET BOOK VALUE
At 31 December 2023 1,678
At 31 December 2022 2,202

5. DEBTORS
31.12.23 31.12.22
£    £   
Amounts falling due within one year:
Trade debtors - 1,589

Amounts falling due after more than one year:
Other debtors 652,477 669,859

Aggregate amounts 652,477 671,448

6. CURRENT ASSET INVESTMENTS
31.12.23 31.12.22
£    £   
abrdn shares 4,099 4,099

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Bank loans and overdrafts 6,000 6,000
Trade creditors 4,125 3,988
Taxation and social security 8,141 5,118
Other creditors 237,863 256,023
256,129 271,129

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.12.23 31.12.22
£    £   
Bank loans 12,252 18,181