REGISTERED NUMBER: |
Systra Scott Lister UK Limited |
Audited Financial Statements for the Year Ended 31 December 2023 |
REGISTERED NUMBER: |
Systra Scott Lister UK Limited |
Audited Financial Statements for the Year Ended 31 December 2023 |
Systra Scott Lister UK Limited (Registered number: 07381485) |
Contents of the Financial Statements |
for the Year Ended 31 December 2023 |
Page |
Company Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 3 | to | 7 |
Systra Scott Lister UK Limited |
Company Information |
for the Year Ended 31 December 2023 |
DIRECTORS: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
AUDITORS: |
Chandos House |
School Lane |
Buckingham |
Buckinghamshire |
MK18 1HD |
Systra Scott Lister UK Limited (Registered number: 07381485) |
Balance Sheet |
31 December 2023 |
2023 | 2022 |
Notes | £ | £ |
CURRENT ASSETS |
Debtors | 5 |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 6 |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CAPITAL AND RESERVES |
Called up share capital |
Retained earnings |
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 |
Systra Scott Lister UK Limited (Registered number: 07381485) |
Notes to the Financial Statements |
for the Year Ended 31 December 2023 |
1. | STATUTORY INFORMATION |
Systra Scott Lister UK Limited is a |
2. | ACCOUNTING POLICIES |
2.1 Basis of preparing the financial statements |
Preparation |
The financial statements have been prepared under the historical cost convention unless otherwise |
specified within these accounting policies and in accordance with Section 1A of Financial Reporting |
Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and |
the Companies Act 2006. |
The financial statements have been presented in Pound Sterling as this is the currency of the primary |
economic environment in which the company operates and is rounded to the nearest pound. |
The following principal accounting policies have been applied: |
2.2 Going concern |
The directors have assessed the company's ability to continue as a going concern and have a |
reasonable expectation that the company has adequate resources to continue in operational |
existence for the foreseeable future. In doing this, they have considered the results for the period, |
expectations of future trading and the availability of continued funding. On the basis of this |
information the directors are satisfied that the company will be able to meet its financial obligations as |
they fall due for a period of at least 12 months from the date of approval of these financial |
statements. |
2.3 Turnover |
Turnover is recognised to the extent that it is probable that the economic benefits will flow to the |
company and the turnover can be reliably measured. Turnover is measured as the fair value of the |
consideration received or receivable, excluding discounts, rebates, value added tax and other sales |
taxes. The following criteria must also be met before turnover is recognised: |
Rendering of services |
Turnover from a contract to provide services is recognised in the period in which the services are |
provided in accordance with the stage of completion of the contract when all of the following |
conditions are satisfied: |
- the amount of turnover can be measured reliably; |
- it is probable that the company will receive the consideration due under the contract; |
- the stage of completion of the contract at the end of the reporting period can be measured |
reliably; and |
- the costs incurred and the costs to complete the contract can be measured reliably. |
Systra Scott Lister UK Limited (Registered number: 07381485) |
Notes to the Financial Statements - continued |
for the Year Ended 31 December 2023 |
2. | ACCOUNTING POLICIES - continued |
Policies continued |
2.4 Tangible fixed assets |
Tangible fixed assets under the cost model are stated at historical cost less accumulated |
depreciation and any accumulated impairment losses. Historical cost includes expenditure that is |
directly attributable to bringing the asset to the location and condition necessary for it to be capable of |
operating in the manner intended by management. |
At each reporting date the company assesses whether there is any indication of impairment. If such |
indication exists, the recoverable amount of the asset is determined which is the higher of its fair |
value less costs to sell and its value in use. An impairment loss is recognised where the carrying |
amount exceeds the recoverable amount. |
Depreciation is charged so as to allocate the cost of assets less their residual value over their |
estimated useful lives, using the straight-line method. |
Depreciation is provided on the following basis: |
Equipment and fixtures |
and fittings |
- 33.33% |
The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted |
prospectively if appropriate, or if there is an indication of a significant change since the last reporting |
date. |
Gains and losses on disposals are determined by comparing the proceeds with the carrying amount |
and are recognised in profit or loss. |
2.5 Debtors |
Short term debtors are measured at transaction price, less any impairment. Loans receivable are |
measured initially at fair value, net of transaction costs, and are measured subsequently at amortised |
cost using the effective interest method, less any impairment. |
2.6 Financial instruments |
The company only enters into basic financial instruments transactions that result in the recognition of |
financial assets and liabilities like trade and other accounts receivable and payable. |
Financial assets |
Financial assets that are measured at cost and amortised cost are assessed at the end of each |
reporting period for objective evidence of impairment. If objective evidence of impairment is identified, |
an impairment loss is recognised in profit or loss. |
For financial assets measured at amortised cost, the impairment loss is measured as the difference |
between an asset's carrying amount and the present value of estimated cash flows discounted at the |
asset's original effective interest rate. |
For financial assets measured at cost less impairment, the impairment loss is measured as the |
difference between an asset's carrying amount and its recoverable amount, which is an estimate of |
the amount that the company would receive for the asset if it were to be sold at the reporting date. |
Financial liabilities |
Basic financial liabilities, including trade and other payables are initially recognised at transaction |
price, unless the arrangement constitute a financing transaction, where the debt instrument is |
measured at the present value of the future receipts discontinued at a rate of interest. |
Trade payables are obligations to pay for goods or services that have been acquired in the ordinary |
course of business from suppliers. Accounts payables are classified as current liabilities if payment is |
due within one year or less. If not, they are presented as non-current liabilities. Trade payables are |
recognised initially at transactions price and subsequently measured at amortised costs. |
Financial assets and liabilities are offset and the net amount reported in the Statement of Financial |
Position when there is an enforceable right to set off the recognised amounts and there is an |
intention to settle on a net basis or to realise the asset and settle the liability simultaneously. |
Systra Scott Lister UK Limited (Registered number: 07381485) |
Notes to the Financial Statements - continued |
for the Year Ended 31 December 2023 |
2. | ACCOUNTING POLICIES - continued |
Short term creditors are measured at the transaction price. Other financial liabilities are measured |
initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using |
the effective interest method. |
2.8 Interest payable and similar expenses |
Interest payable and similar expenses are charged to profit or loss over the term of the debt using the |
effective interest method so that the amount charged is at a constant rate on the carrying amount. |
Issue costs are initially recognised as a reduction in the proceeds of the associated capital |
instrument. |
2.9 Foreign currency translation |
Functional and presentation currency |
The company's functional and presentation currency is GBP. |
Transactions and balances |
Foreign currency transactions are translated into the functional currency using the spot exchange |
rates at the dates of the transactions. |
At each period end foreign currency monetary items are translated using the closing rate. Nonmonetary |
items measured at historical cost are translated using the exchange rate at the date of the |
transaction and non-monetary items measured at fair value are measured using the exchange rate |
when fair value was determined. |
Foreign exchange gains and losses resulting from the settlement of transactions and from the |
translation at period-end exchange rates of monetary assets and liabilities denominated in foreign |
currencies are recognised in profit or loss. |
2.10 Pensions |
Defined contribution pension plan |
The company operates a defined contribution plan for its employees. A defined contribution plan is a |
pension plan under which the company pays fixed contributions into a separate entity. Once the |
contributions have been paid the company has no further payment obligations. |
The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid |
are shown in other creditors as a liability in the Statement of Financial Position. The assets of the |
plan are held separately from the company in independently administered funds. |
2.11 Taxation |
Tax is recognised in profit or loss except that a charge attributable to an item of income and expense |
recognised as other comprehensive income or to an item recognised directly in equity is also |
recognised in other comprehensive income or directly in equity respectively. |
The current income tax charge is calculated on the basis of tax rates and laws that have been |
enacted or substantively enacted by the reporting date in the countries where the company operates |
and generates income. |
Deferred tax balances are recognised in respect of all timing differences that have originated but not |
reversed by the Statement of Financial Position date, except that: |
- The recognition of deferred tax assets is limited to the extent that it is probable that they will be |
recovered against the reversal of deferred tax liabilities or other future taxable profits; and |
- Any deferred tax balances are reversed if and when all conditions for retaining associated tax |
allowances have been met. |
Deferred tax balances are not recognised in respect of permanent differences except in respect of |
Systra Scott Lister UK Limited (Registered number: 07381485) |
Notes to the Financial Statements - continued |
for the Year Ended 31 December 2023 |
2. | ACCOUNTING POLICIES - continued |
business combinations, when deferred tax is recognised on the differences between the fair values of |
assets acquired and the future tax deductions available for them and the differences between the fair |
values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined |
using tax rates and laws that have been enacted or substantively enacted by the reporting date. |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the year was |
4. | TANGIBLE FIXED ASSETS |
Computer |
equipment |
£ |
COST |
At 1 January 2023 |
and 31 December 2023 |
DEPRECIATION |
At 1 January 2023 |
and 31 December 2023 |
NET BOOK VALUE |
At 31 December 2023 |
At 31 December 2022 |
5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2023 | 2022 |
£ | £ |
Trade debtors |
Amounts owed by group undertakings |
Other debtors |
6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2023 | 2022 |
£ | £ |
Trade creditors |
Amounts owed to group undertakings |
Corporation tax |
Social security and other taxes |
VAT | 19,439 | 20,560 |
Other creditors |
Accruals and deferred income |
7. | DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006 |
The Report of the Auditors was unqualified. |
for and on behalf of |
Systra Scott Lister UK Limited (Registered number: 07381485) |
Notes to the Financial Statements - continued |
for the Year Ended 31 December 2023 |
8. | ULTIMATE CONTROLLING PARTY |
The company is a wholly owned subsidiary of Systra ANZ Holdings Pty Ltd, a company |
incorporated in Australia. The results of Systra Scott Lister UK Limited will be consolidated into Systra |
ANZ Holdings Pty Ltd. |
The ultimate parent company is Systra SA, a company incorporated in France. Systra SA is the parent |
undertaking of the largest group of undertakings to consolidate these financial statements at 31 December 2023. |
The consolidated financial statements of Systra SA can be obtained from 75, Rue Henry Farman, |
Paris, 75015 France. |
The directors consider there to be no ultimate controlling party. |
9. | SHARE CAPITAL |
2023 | 2022 |
£ | £ |
Allotted, called up and fully paid |
1,000,000 (2021: 1,000,000) ordinary A shares of £0.0001 each | 100 | 100 |
452,177 (2021: 452,177) ordinary B shares of £1.0000 each | 452,177 | 452,177 |
452,277 | 452,277 |
The company has two classes of ordinary shares; each share has attached to it full voting rights. |