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Company Registration No. 10912907 (England and Wales)
Systems Modelling Limited Unaudited accounts for the year ended 31 August 2024
Systems Modelling Limited Unaudited accounts Contents
Page
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Systems Modelling Limited Company Information for the year ended 31 August 2024
Director
Peter Betts
Company Number
10912907 (England and Wales)
Registered Office
WATER TOWER COTTAGE TAINTERS HILL KENILWORTH CV8 2GL UNITED KINGDOM
Accountants
Taxez 5 South Charlotte Street Edinburgh EH2 4AN
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Systems Modelling Limited Statement of financial position as at 31 August 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
28,629 
1,355 
Current assets
Debtors
110,381 
90,495 
Cash at bank and in hand
11,249 
16,533 
121,630 
107,028 
Creditors: amounts falling due within one year
(36,512)
(8,310)
Net current assets
85,118 
98,718 
Net assets
113,747 
100,073 
Capital and reserves
Called up share capital
2 
2 
Profit and loss account
113,745 
100,071 
Shareholders' funds
113,747 
100,073 
For the year ending 31 August 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 director acknowledges his 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 17 January 2025 and were signed on its behalf by
Peter Betts Director Company Registration No. 10912907
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Systems Modelling Limited Notes to the Accounts for the year ended 31 August 2024
1
Statutory information
Systems Modelling Limited is a private company, limited by shares, registered in England and Wales, registration number 10912907. The registered office is WATER TOWER COTTAGE, TAINTERS HILL, KENILWORTH, CV8 2GL, UNITED KINGDOM.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Computer equipment
33% Straight Line
Debtors
Other debtors include a receivable amount of £93,500 from Gr8 Place Ltd, a company registered under the same director's ownership.
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Systems Modelling Limited Notes to the Accounts for the year ended 31 August 2024
4
Tangible fixed assets
Motor vehicles 
Computer equipment 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 September 2023
- 
10,339 
10,339 
Additions
35,500 
2,002 
37,502 
At 31 August 2024
35,500 
12,341 
47,841 
Depreciation
At 1 September 2023
- 
8,984 
8,984 
Charge for the year
8,875 
1,353 
10,228 
At 31 August 2024
8,875 
10,337 
19,212 
Net book value
At 31 August 2024
26,625 
2,004 
28,629 
At 31 August 2023
- 
1,355 
1,355 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
VAT
5,358 
- 
Trade debtors
1,875 
8,500 
Accrued income and prepayments
8,021 
8,356 
Other debtors
95,127 
73,639 
110,381 
90,495 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Trade creditors
- 
750 
Taxes and social security
7,718 
5,751 
Other creditors
5,000 
- 
Loans from directors
23,375 
1,171 
Accruals
419 
638 
36,512 
8,310 
7
Average number of employees
During the year the average number of employees was 2 (2023: 2).
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