A1 SYSTEMS LIMITED

Company Registration Number:
08841896 (England and Wales)

Unaudited statutory accounts for the year ended 31 January 2024

Period of accounts

Start date: 1 February 2023

End date: 31 January 2024

A1 SYSTEMS LIMITED

Contents of the Financial Statements

for the Period Ended 31 January 2024

Profit and loss
Balance sheet
Additional notes
Balance sheet notes

A1 SYSTEMS LIMITED

Profit And Loss Account

for the Period Ended 31 January 2024

2024 2023


£

£
Turnover: 14,107,881 11,756,568
Cost of sales: ( 12,843,682 ) ( 10,639,694 )
Gross profit(or loss): 1,264,199 1,116,874
Distribution costs: ( 330,581 ) ( 480,325 )
Administrative expenses: ( 391,671 ) ( 175,681 )
Operating profit(or loss): 541,947 460,868
Profit(or loss) before tax: 541,947 460,868
Profit(or loss) for the financial year: 541,947 460,868

A1 SYSTEMS LIMITED

Balance sheet

As at 31 January 2024

Notes 2024 2023


£

£
Called up share capital not paid: 7,000 5,000
Fixed assets
Intangible assets: 3 460,325 315,623
Tangible assets: 4 1,689,550 245,678
Investments: 5 445,321 325,689
Total fixed assets: 2,595,196 886,990
Current assets
Stocks: 6 210,560 180,569
Debtors: 7 461,320 145,321
Cash at bank and in hand: 560,325 435,356
Total current assets: 1,232,205 761,246
Prepayments and accrued income: 15,690
Creditors: amounts falling due within one year: 8 ( 555,621 ) ( 175,643 )
Net current assets (liabilities): 692,274 585,603
Total assets less current liabilities: 3,294,470 1,477,593
Creditors: amounts falling due after more than one year: 9 ( 571,380 ) ( 350,465 )
Provision for liabilities: ( 115,670 ) ( 41,325 )
Accruals and deferred income: ( 10,850 )
Total net assets (liabilities): 2,596,570 1,085,803
Capital and reserves
Called up share capital: 6,000 4,500
Other reserves: 2,048,623 620,435
Profit and loss account: 541,947 460,868
Total Shareholders' funds: 2,596,570 1,085,803

The notes form part of these financial statements

A1 SYSTEMS LIMITED

Balance sheet statements

For the year ending 31 January 2024 the company was entitled to exemption 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 directors acknowledge their 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.

This report was approved by the board of directors on 23 October 2024
and signed on behalf of the board by:

Name: Muhammad Shan ASIF
Status: Director

The notes form part of these financial statements

A1 SYSTEMS LIMITED

Notes to the Financial Statements

for the Period Ended 31 January 2024

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Financial Reporting Standard 101

    Turnover policy

    Income Should be valued when probable economic benefits flow to the entity.

    Tangible fixed assets depreciation policy

    Assets should be valued at 20 % Reducing Balance Method.

    Other accounting policies

    Accounting Policies Basis of measurement and preparation These financial statements have been prepared in accordance with the provisions of Section l A (Small Entities) of Financial Reporting Standards 102

A1 SYSTEMS LIMITED

Notes to the Financial Statements

for the Period Ended 31 January 2024

  • 2. Employees

    2024 2023
    Average number of employees during the period 38 19

A1 SYSTEMS LIMITED

Notes to the Financial Statements

for the Period Ended 31 January 2024

3. Intangible assets

Goodwill Other Total
Cost £ £ £
At 1 February 2023 315,623 0 315,623
Additions 144,702 0 144,702
Disposals
Revaluations
Transfers
At 31 January 2024 460,325 0 460,325
Amortisation
At 1 February 2023 0 0 0
Charge for year
On disposals
Other adjustments
At 31 January 2024 0 0 0
Net book value
At 31 January 2024 460,325 0 460,325
At 31 January 2023 315,623 0 315,623

A1 SYSTEMS LIMITED

Notes to the Financial Statements

for the Period Ended 31 January 2024

4. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 February 2023 74,278 51,084 35,496 18,205 66,615 245,678
Additions 456,435 115,691 225,334 430,789 215,623 1,443,872
Disposals 0 0 0 0 0
Revaluations 0 0 0 0 0
Transfers 0 0 0 0 0 0
At 31 January 2024 530,713 166,775 260,830 448,994 282,238 1,689,550
Depreciation
At 1 February 2023 0 0 0 0 0 0
Charge for year
On disposals
Other adjustments
At 31 January 2024 0 0 0 0 0 0
Net book value
At 31 January 2024 530,713 166,775 260,830 448,994 282,238 1,689,550
At 31 January 2023 74,278 51,084 35,496 18,205 66,615 245,678

A1 SYSTEMS LIMITED

Notes to the Financial Statements

for the Period Ended 31 January 2024

5. Fixed assets investments note

Computers, Scanners, Printers, Mobiles, Furniture, Fans, Heater, Air Conditioner, Car, Soft Switches.

A1 SYSTEMS LIMITED

Notes to the Financial Statements

for the Period Ended 31 January 2024

6. Stocks

2024 2023
£ £
Stocks 210,560 180,569
Total 210,560 180,569

A1 SYSTEMS LIMITED

Notes to the Financial Statements

for the Period Ended 31 January 2024

7. Debtors

2024 2023
£ £
Trade debtors 461,320 145,321
Total 461,320 145,321

A1 SYSTEMS LIMITED

Notes to the Financial Statements

for the Period Ended 31 January 2024

8. Creditors: amounts falling due within one year note

2024 2023
£ £
Trade creditors 555,621 175,643
Total 555,621 175,643

A1 SYSTEMS LIMITED

Notes to the Financial Statements

for the Period Ended 31 January 2024

9. Creditors: amounts falling due after more than one year note

2024 2023
£ £
Other creditors 571,380 350,465
Total 571,380 350,465