ILLY SYSTEMS LIMITED

Company Registration Number:
08673130 (England and Wales)

Unaudited abridged accounts for the year ended 31 August 2024

Period of accounts

Start date: 01 September 2023

End date: 31 August 2024

ILLY SYSTEMS LIMITED

Contents of the Financial Statements

for the Period Ended 31 August 2024

Balance sheet
Notes

ILLY SYSTEMS LIMITED

Balance sheet

As at 31 August 2024


Notes

2024

2023


£

£
Fixed assets
Tangible assets: 3 3,721 3,355
Total fixed assets: 3,721 3,355
Current assets
Debtors:   135,844 183,821
Cash at bank and in hand: 2,496,340 1,852,389
Total current assets: 2,632,184 2,036,210
Creditors: amounts falling due within one year: 4 (780,697) (648,480)
Net current assets (liabilities): 1,851,487 1,387,730
Total assets less current liabilities: 1,855,208 1,391,085
Total net assets (liabilities): 1,855,208 1,391,085
Capital and reserves
Called up share capital: 100 100
Profit and loss account: 1,855,108 1,390,985
Shareholders funds: 1,855,208 1,391,085

The notes form part of these financial statements

ILLY SYSTEMS LIMITED

Balance sheet statements

For the year ending 31 August 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.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 28 May 2025
and signed on behalf of the board by:

Name: Varsha Visavadia
Status: Director

The notes form part of these financial statements

ILLY SYSTEMS LIMITED

Notes to the Financial Statements

for the Period Ended 31 August 2024

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

ILLY SYSTEMS LIMITED

Notes to the Financial Statements

for the Period Ended 31 August 2024

2. Employees

2024 2023
Average number of employees during the period 14 12

ILLY SYSTEMS LIMITED

Notes to the Financial Statements

for the Period Ended 31 August 2024

3. Tangible Assets

Total
Cost £
At 01 September 2023 6,225
Additions 1,606
At 31 August 2024 7,831
Depreciation
At 01 September 2023 2,870
Charge for year 1,240
At 31 August 2024 4,110
Net book value
At 31 August 2024 3,721
At 31 August 2023 3,355

ILLY SYSTEMS LIMITED

Notes to the Financial Statements

for the Period Ended 31 August 2024

4. Creditors: amounts falling due within one year note

Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

ILLY SYSTEMS LIMITED

Notes to the Financial Statements

for the Period Ended 31 August 2024

5. Related party transactions

Name of the related party:
Relationship:
ILLY Computer Systems Ltd and ILLY Systems Ltd are under the common control of D, Visavadia and V. Visavadia, the directors
Description of the Transaction: During the year costs were charges from ILLY Systems Ltd to ILLY Computer Systems Ltd and costs were also charged from ILLY Computers Systems to ILLY Systems Ltd
£
Balance at 01 September 2023 227,128
Balance at 31 August 2024 240,389