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REGISTERED NUMBER: 09444042 (England and Wales)















Systems 3d Group Limited

Unaudited Financial Statements

for the Year Ended 31 December 2023






Systems 3d Group Limited (Registered number: 09444042)






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 6


Systems 3d Group Limited

Company Information
for the Year Ended 31 December 2023







DIRECTOR: Mr C M Spaeth





REGISTERED OFFICE: The Bungalow
Upper Quinton
Stratford-upon-Avon
Warwickshire
CV37 8SX





REGISTERED NUMBER: 09444042 (England and Wales)





ACCOUNTANTS: Grenfell James Associates Limited
13 The Courtyard
Timothys Bridge Road
Stratford upon Avon
Warwickshire
CV37 9NP

Systems 3d Group Limited (Registered number: 09444042)

Balance Sheet
31 December 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 14,405 11,487

CURRENT ASSETS
Stocks 265,417 190,184
Debtors 5 6,486 23,653
Prepayments and accrued income 30,036 7,258
Cash at bank 9,632 41,152
311,571 262,247
CREDITORS
Amounts falling due within one year 6 317,596 295,881
NET CURRENT LIABILITIES (6,025 ) (33,634 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

8,380

(22,147

)

CREDITORS
Amounts falling due after more than one
year

7

18,213

28,267
NET LIABILITIES (9,833 ) (50,414 )

CAPITAL AND RESERVES
Called up share capital 6,590 6,590
Share premium 74,181 74,181
Retained earnings (90,604 ) (131,185 )
(9,833 ) (50,414 )

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 director acknowledges his 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 3d Group Limited (Registered number: 09444042)

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 24 September 2024 and were signed by:





Mr C M Spaeth - Director


Systems 3d Group Limited (Registered number: 09444042)

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

1. STATUTORY INFORMATION

Systems 3d Group 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.
Plant and machinery - 20% on cost
Fixtures and fittings - 20% on cost
Computer equipment - 20% on cost

Stocks
Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.

Systems 3d Group Limited (Registered number: 09444042)

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

2. ACCOUNTING POLICIES - continued

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Going concern
The director of the company has confirmed that sufficient financial support will be provided to enable this company to continue its operations for a period of not less than 12 months from the date the balance sheet is signed and accordingly the financial statements are prepared on a going concern basis.

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Computer
machinery fittings equipment Totals
£    £    £    £   
COST
At 1 January 2023 112,839 - 4,995 117,834
Additions 8,315 287 586 9,188
At 31 December 2023 121,154 287 5,581 127,022
DEPRECIATION
At 1 January 2023 103,554 - 2,793 106,347
Charge for year 5,145 48 1,077 6,270
At 31 December 2023 108,699 48 3,870 112,617
NET BOOK VALUE
At 31 December 2023 12,455 239 1,711 14,405
At 31 December 2022 9,285 - 2,202 11,487

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 6,486 23,448
Other debtors - 205
6,486 23,653

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 148,097 87,250
Taxation and social security 29,278 31,815
Other creditors 140,221 176,816
317,596 295,881

Systems 3d Group Limited (Registered number: 09444042)

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

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Other creditors 18,213 28,267