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REGISTERED NUMBER: 06880624














Unaudited Financial Statements

for the Year Ended 31 December 2023

for

POSTFIELD SYSTEMS LTD

POSTFIELD SYSTEMS LTD (REGISTERED NUMBER: 06880624)

Contents of the Financial Statements
for the year ended 31 December 2023










Page

Company Information 1

Accountants' Report 2

Balance Sheet 3

Notes to the Financial Statements 5


POSTFIELD SYSTEMS LTD

Company Information
for the year ended 31 December 2023







Director: P L H Clayton





Secretary: C Helden





Registered office: Northside House
69 Tweedy Road
Bromley
Kent
BR1 3WA





Registered number: 06880624





Accountants: Cooper Parry Advisory Limited
Northside House
69 Tweedy Road
Bromley
Kent
BR1 3WA

Accountants' Report to the Director
on the Unaudited Financial Statements of
Postfield Systems Ltd


The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Statement of Comprehensive Income and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Postfield Systems Ltd for the year ended 31 December 2023 which comprise the Statement of Comprehensive Income, Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of Postfield Systems Ltd in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Postfield Systems Ltd and state those matters that we have agreed to state to the director of Postfield Systems Ltd in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Postfield Systems Ltd and its director for our work or for this report.

It is your duty to ensure that Postfield Systems Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Postfield Systems Ltd. You consider that Postfield Systems Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Postfield Systems Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Cooper Parry Advisory Limited
Northside House
69 Tweedy Road
Bromley
Kent
BR1 3WA


24 September 2024

POSTFIELD SYSTEMS LTD (REGISTERED NUMBER: 06880624)

Balance Sheet
31 December 2023

2023 2022
Notes £    £    £    £   
Fixed assets
Tangible assets 4 2,829 3,773
2,829 3,773

Current assets
Debtors 5 24,508 69,296
Cash at bank 41,920 51,720
66,428 121,016
Creditors
Amounts falling due within one year 6 49,364 110,399
Net current assets 17,064 10,617
Total assets less current liabilities 19,893 14,390

Creditors
Amounts falling due after more than one
year

7

12,467

19,347
Net assets/(liabilities) 7,426 (4,957 )

Capital and reserves
Called up share capital 8 100 100
Retained earnings 9 7,326 (5,057 )
Shareholders' funds 7,426 (4,957 )

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.

POSTFIELD SYSTEMS LTD (REGISTERED NUMBER: 06880624)

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 Comprehensive Income has not been delivered.

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





P L H Clayton - Director


POSTFIELD SYSTEMS LTD (REGISTERED NUMBER: 06880624)

Notes to the Financial Statements
for the year ended 31 December 2023


1. Statutory information

Postfield Systems Ltd is a private company, limited by shares , registered in Not specified/Other. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. Accounting policies

Basis of preparing the financial statements
The accounts have been prepared on a going concern basis given the support by the company's shareholders and related parties.

Key source of estimation, uncertainty and judgement
The preparation of financial statements in conformity with generally accepted accounting practice requires management to make estimates and judgement that affect the reported amounts of assets and liabilities as well as the disclosure of contingent assets and liabilities at the balance sheet date and the reported amounts of revenues and expenses during the reporting period.

There is estimation uncertainty in calculating depreciation. A full line by line review of fixed assets is carried out by management regularly. Whilst every attempt is made to ensure that the depreciation policy is as accurate as possible, there remains a risk that the policy does not match the useful life of the assets.

There is estimation uncertainty in calculating deferred tax. A full line by line review of deferred tax is carried out by management regularly. Whilst every attempt is made to ensure that the deferred tax is as accurate as possible, there remains a risk that the provisions do not match the actual tax liability when asset is disposed of.

There is estimation uncertainty in calculating bad debt provisions. A full line by line review of trade debtors is carried out at the end of each month. Whilst every attempt is made to ensure that the bad debt provisions are as accurate as possible, there remains a risk that the provisions do not match the level of debts which ultimately prove to be uncollectable.

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.
Motor vehicles - 25% on reducing balance

POSTFIELD SYSTEMS LTD (REGISTERED NUMBER: 06880624)

Notes to the Financial Statements - continued
for the year ended 31 December 2023


2. Accounting policies - continued

Financial instruments
Financial assets and financial liabilities are recognised in the balance sheet when the company becomes a party to the contractual provisions of the instrument.

Trade and other debtors and creditors are classified as basic financial instruments and measured at initial recognition at transaction price. Debtors and creditors are subsequently measured at amortised cost using the effective interest rate method. A provision is established when there is objective evidence that the company will not be able to collect all amounts due.

Cash and cash equivalents are classified as basic financial instruments and comprise cash in hand and at bank and bank overdrafts.

Financial liabilities and equity instruments issued by the company are classified in accordance with the substance of the contractual arrangements entered into and the definitions of a financial liability and an equity instrument. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Equity instruments issued by the company are recorded at the proceeds received, net of direct issue costs.

3. Employees and directors

The average number of employees during the year was 4 (2022 - 4 ) .

4. Tangible fixed assets
Motor Computer
vehicles equipment Totals
£    £    £   
Cost
At 1 January 2023
and 31 December 2023 4,345 7,835 12,180
Depreciation
At 1 January 2023 3,314 5,093 8,407
Charge for year 258 686 944
At 31 December 2023 3,572 5,779 9,351
Net book value
At 31 December 2023 773 2,056 2,829
At 31 December 2022 1,031 2,742 3,773

5. Debtors: amounts falling due within one year
2023 2022
£    £   
Trade debtors 9,408 14,196
Other debtors 100 100
Prepayments and accrued income 15,000 55,000
24,508 69,296

POSTFIELD SYSTEMS LTD (REGISTERED NUMBER: 06880624)

Notes to the Financial Statements - continued
for the year ended 31 December 2023


6. Creditors: amounts falling due within one year
2023 2022
£    £   
Bank loans and overdrafts 6,800 6,800
Trade creditors 272 3,481
VAT 15,865 3,389
Other creditors 23,402 93,704
Accruals and deferred income 3,025 3,025
49,364 110,399

7. Creditors: amounts falling due after more than one year
2023 2022
£    £   
Bank loans - 2-5 years 12,467 19,347

8. Called up share capital

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
95 Ordinary A £1 95 95
5 Ordinary B £1 5 5
100 100

9. Reserves
Retained
earnings
£   

At 1 January 2023 (5,057 )
Profit for the year 12,383
At 31 December 2023 7,326

10. Related party disclosures

There is a net amount due to Elippse Group Ltd of £21,984 (2022 £87,984) a company in which Philip Clayton is a shareholder.

11. Ultimate controlling party

The controlling party is P L H Clayton.