|
|
|
|
|
SYSTEMATIX CONSULTANTS UK LTD
|
|
|
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MAY 2024
Systematix Consultants UK Ltd is a private company, limited by shares, registered in England and Wales, with company registration number 15096864. The registered office is 7-12 Tavistock Square, Lynton House, London, WC1H 9LT. There is no principal place of business.
The company was incorporated and began trading on 25 August 2023. The accounting period covers a 9 month period ending 31 May 2024.
2.Accounting policies
|
|
Basis of preparation of financial statements
|
The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
The following principal accounting policies have been applied:
The company has made a loss during the period. The company has net current liabilities at the year of £14,804. The director is confident that the parent company will continue to make available necessary financial support to the company to meet its liabilities as they fall due. As a result, the director considers it appropriate to prepare the financial statements on a going concern basis. The financial statements do not include any adjustments that would result from a withdrawal of the financial support.
|
|
Foreign currency translation
|
Functional and presentation currency
The Company's functional and presentational 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. Non-monetary 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.
Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is generated through consultancy fees and measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.
|
The average monthly number of employees, including directors, during the period was 3.
|
|