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Company Registration No. NI679442 (Northern Ireland)
Closed Systems Monitoring Limited Unaudited accounts for the year ended 31 May 2024
Closed Systems Monitoring Limited Statement of financial position as at 31 May 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
711 
217 
Current assets
Debtors
2,194 
1,260 
Cash at bank and in hand
340 
55 
2,534 
1,315 
Creditors: amounts falling due within one year
(58,895)
(49,372)
Net current liabilities
(56,361)
(48,057)
Net liabilities
(55,650)
(47,840)
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
(55,750)
(47,940)
Shareholders' funds
(55,650)
(47,840)
For the year ending 31 May 2024 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 director acknowledges his 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 and authorised for issue on 24 September 2024 and were signed on its behalf by
Graham Maze Director Company Registration No. NI679442
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Closed Systems Monitoring Limited Notes to the Accounts for the year ended 31 May 2024
1
Statutory information
Closed Systems Monitoring Limited is a private company, limited by shares, registered in Northern Ireland, registration number NI679442. The registered office is 10 Hillside Crescent, Coleraine, BT51 3AP, Northern Ireland.
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:
Computer equipment
25%
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the rendering of consultancy services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Going concern
The director believes that the company Closed Systems Monitoring has adequate resources available to enable it to continue to meet its ongoing obligations as and when they fall due for at least a period of 12 months from the date of approval of the financial statements. Accordingly, the company continues to adopt the going concern basis in preparation of its financial statements.
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Closed Systems Monitoring Limited Notes to the Accounts for the year ended 31 May 2024
4
Tangible fixed assets
Computer equipment 
£ 
Cost or valuation
At cost 
At 1 June 2023
358 
Additions
739 
At 31 May 2024
1,097 
Depreciation
At 1 June 2023
141 
Charge for the year
245 
At 31 May 2024
386 
Net book value
At 31 May 2024
711 
At 31 May 2023
217 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
VAT
394 
- 
Trade debtors
1,800 
1,260 
2,194 
1,260 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
VAT
- 
135 
Trade creditors
119 
- 
Loans from directors
57,276 
46,537 
Accruals
1,500 
2,700 
58,895 
49,372 
7
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100 
100 
8
Average number of employees
During the year the average number of employees was 0 (2023: 0).
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