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COMPANY REGISTRATION NUMBER: 05798383
SD System Solutions Limited
Filleted Unaudited Financial Statements
30 April 2024
SD System Solutions Limited
Statement of Financial Position
30 April 2024
2024
2023
Note
£
£
£
£
Fixed assets
Tangible assets
5
38,012
43,795
Current assets
Debtors
6
36,999
101,545
Cash at bank and in hand
1,162,912
1,262,699
------------
------------
1,199,911
1,364,244
Creditors: amounts falling due within one year
7
38,986
91,876
------------
------------
Net current assets
1,160,925
1,272,368
------------
------------
Total assets less current liabilities
1,198,937
1,316,163
Provisions
7,222
8,321
------------
------------
Net assets
1,191,715
1,307,842
------------
------------
Capital and reserves
Called up share capital
100
100
Profit and loss account
1,191,615
1,307,742
------------
------------
Shareholders funds
1,191,715
1,307,842
------------
------------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 30 April 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
SD System Solutions Limited
Statement of Financial Position (continued)
30 April 2024
These financial statements were approved by the board of directors and authorised for issue on 11 July 2024 , and are signed on behalf of the board by:
Mr N Drake
Director
Company registration number: 05798383
SD System Solutions Limited
Notes to the Financial Statements
Year ended 30 April 2024
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 18 Bell Barn Road, Bristol, BS9 2DA, United Kingdom.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for services rendered, stated net of discounts and of Value Added Tax.
Income tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date. Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date where transactions or events have occurred at that date that will result in an obligation to pay more tax. Deferred tax where material is measured on an undiscounted basis at the tax rates that are expected to apply in the periods in which timing differences reverse, based on tax rates and laws enacted or substantively enacted at the balance sheet date.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Plant and machinery
-
20% straight line
Motor vehicles
-
20% reducing balance
4. Employee numbers
The average number of persons employed by the company during the year amounted to 2 (2023: 3 ).
5. Tangible assets
Plant and machinery
Motor vehicles
Total
£
£
£
Cost
At 1 May 2023
34,022
74,044
108,066
Additions
2,249
2,249
--------
--------
---------
At 30 April 2024
36,271
74,044
110,315
--------
--------
---------
Depreciation
At 1 May 2023
28,137
36,134
64,271
Charge for the year
450
7,582
8,032
--------
--------
---------
At 30 April 2024
28,587
43,716
72,303
--------
--------
---------
Carrying amount
At 30 April 2024
7,684
30,328
38,012
--------
--------
---------
At 30 April 2023
5,885
37,910
43,795
--------
--------
---------
6. Debtors
2024
2023
£
£
Trade debtors
36,999
99,887
Other debtors
1,658
--------
---------
36,999
101,545
--------
---------
7. Creditors: amounts falling due within one year
2024
2023
£
£
Corporation tax
19,616
56,976
Social security and other taxes
11,748
27,583
Credit card
690
351
Other creditors
6,932
6,966
--------
--------
38,986
91,876
--------
--------