Acorah Software Products - Accounts Production 16.0.110 false true true 31 March 2023 1 April 2022 false 1 April 2023 31 March 2024 31 March 2024 07067081 Mr Serhiy Horobets Mrs Lyudmyla Horobets Mr Jose Del Campo iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 07067081 2023-03-31 07067081 2024-03-31 07067081 2023-04-01 2024-03-31 07067081 frs-core:CurrentFinancialInstruments 2024-03-31 07067081 frs-core:Non-currentFinancialInstruments 2024-03-31 07067081 frs-core:ComputerEquipment 2024-03-31 07067081 frs-core:ComputerEquipment 2023-04-01 2024-03-31 07067081 frs-core:ComputerEquipment 2023-03-31 07067081 frs-core:MotorVehicles 2024-03-31 07067081 frs-core:MotorVehicles 2023-04-01 2024-03-31 07067081 frs-core:MotorVehicles 2023-03-31 07067081 frs-core:PlantMachinery 2024-03-31 07067081 frs-core:PlantMachinery 2023-04-01 2024-03-31 07067081 frs-core:PlantMachinery 2023-03-31 07067081 frs-core:ShareCapital 2024-03-31 07067081 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31 07067081 frs-bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 07067081 frs-bus:FilletedAccounts 2023-04-01 2024-03-31 07067081 frs-bus:SmallEntities 2023-04-01 2024-03-31 07067081 frs-bus:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 07067081 frs-bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 07067081 frs-bus:Director1 2023-04-01 2024-03-31 07067081 frs-bus:Director2 2023-04-01 2024-03-31 07067081 frs-bus:Director3 2023-04-01 2024-03-31 07067081 frs-countries:EnglandWales 2023-04-01 2024-03-31 07067081 2022-03-31 07067081 2023-03-31 07067081 2022-04-01 2023-03-31 07067081 frs-core:CurrentFinancialInstruments 2023-03-31 07067081 frs-core:Non-currentFinancialInstruments 2023-03-31 07067081 frs-core:ShareCapital 2023-03-31 07067081 frs-core:RetainedEarningsAccumulatedLosses 2023-03-31
Registered number: 07067081
Systix Limited
Unaudited Financial Statements
For The Year Ended 31 March 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 07067081
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 30,905 38,734
30,905 38,734
CURRENT ASSETS
Stocks 5 3,500 12,500
Debtors 6 11,250 11,466
Cash at bank and in hand 7,015 34,097
21,765 58,063
Creditors: Amounts Falling Due Within One Year 7 (258,234 ) (238,326 )
NET CURRENT ASSETS (LIABILITIES) (236,469 ) (180,263 )
TOTAL ASSETS LESS CURRENT LIABILITIES (205,564 ) (141,529 )
Creditors: Amounts Falling Due After More Than One Year 8 (34,991 ) (37,583 )
NET LIABILITIES (240,555 ) (179,112 )
CAPITAL AND RESERVES
Called up share capital 9 100 100
Profit and Loss Account (240,655 ) (179,212 )
SHAREHOLDERS' FUNDS (240,555) (179,112)
Page 1
Page 2
For the year ending 31 March 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 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Serhiy Horobets
Director
27/11/2024
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Systix Limited is a private company, limited by shares, incorporated in England & Wales, registered number 07067081 . The registered office is 14 South Street, Romford, RM1 1RA.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Going Concern Disclosure
The financial statements have been prepared on a going concern basis which assumes that the company will continue in operational existence for the foreseeable future. The validity of this assumption depends on the company being able to
trade profitably in the future and the continued support from the company's directors, shareholders and bankers.
2.3. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 20% Reducing Balance
Motor Vehicles 25% Reducing Balance
Computer Equipment 33% on cost
2.5. Stocks and Work in Progress
Stock is valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
2.6. Pensions
The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 5 (2023: 9)
5 9
4. Tangible Assets
Plant & Machinery Motor Vehicles Computer Equipment Total
£ £ £ £
Cost
As at 1 April 2023 86,803 12,250 3,300 102,353
As at 31 March 2024 86,803 12,250 3,300 102,353
...CONTINUED
Page 3
Page 4
Depreciation
As at 1 April 2023 49,704 10,615 3,300 63,619
Provided during the period 7,420 409 - 7,829
As at 31 March 2024 57,124 11,024 3,300 71,448
Net Book Value
As at 31 March 2024 29,679 1,226 - 30,905
As at 1 April 2023 37,099 1,635 - 38,734
5. Stocks
2024 2023
£ £
Stock 3,500 12,500
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors - 216
Other debtors 11,250 11,250
11,250 11,466
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 38,489 37,581
Other taxes and social security 4,264 19,870
Other creditors 44,000 10,981
Accruals and deferred income 625 625
Directors' loan accounts 170,856 169,269
258,234 238,326
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 34,991 37,583
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
Page 4