ILLY COMPUTER SYSTEMS LIMITED

Company Registration Number:
02940929 (England and Wales)

Unaudited abridged accounts for the year ended 30 August 2024

Period of accounts

Start date: 31 August 2023

End date: 30 August 2024

ILLY COMPUTER SYSTEMS LIMITED

Contents of the Financial Statements

for the Period Ended 30 August 2024

Balance sheet
Notes

ILLY COMPUTER SYSTEMS LIMITED

Balance sheet

As at 30 August 2024


Notes

2024

2023


£

£
Fixed assets
Tangible assets: 3 36,646 30,188
Investments: 4 2,612,500 2,721,440
Total fixed assets: 2,649,146 2,751,628
Current assets
Debtors:   281,703 279,610
Cash at bank and in hand: 649,157 509,950
Investments: 5 29,032 26,210
Total current assets: 959,892 815,770
Creditors: amounts falling due within one year: 6 (135,806) (90,650)
Net current assets (liabilities): 824,086 725,120
Total assets less current liabilities: 3,473,232 3,476,748
Provision for liabilities: (194,497) (220,021)
Total net assets (liabilities): 3,278,735 3,256,727
Capital and reserves
Called up share capital: 100 100
Profit and loss account: 3,278,635 3,256,627
Shareholders funds: 3,278,735 3,256,727

The notes form part of these financial statements

ILLY COMPUTER SYSTEMS LIMITED

Balance sheet statements

For the year ending 30 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 COMPUTER SYSTEMS LIMITED

Notes to the Financial Statements

for the Period Ended 30 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 COMPUTER SYSTEMS LIMITED

Notes to the Financial Statements

for the Period Ended 30 August 2024

2. Employees

2024 2023
Average number of employees during the period 5 5

ILLY COMPUTER SYSTEMS LIMITED

Notes to the Financial Statements

for the Period Ended 30 August 2024

3. Tangible Assets

Total
Cost £
At 31 August 2023 484,991
Additions 18,673
At 30 August 2024 503,664
Depreciation
At 31 August 2023 454,803
Charge for year 12,215
At 30 August 2024 467,018
Net book value
At 30 August 2024 36,646
At 30 August 2023 30,188

ILLY COMPUTER SYSTEMS LIMITED

Notes to the Financial Statements

for the Period Ended 30 August 2024

4. Fixed investments

The proportion of leasehold property leased out to an external third party is classified as investment property and is recognised initially at cost and subsequently remeasured at fair value at each reporting date. Gains and losses on remeasurement are recognised in the profit or loss for the period.

ILLY COMPUTER SYSTEMS LIMITED

Notes to the Financial Statements

for the Period Ended 30 August 2024

5. Current investments

Investments in listed company shares are remeasured to market value at each reporting date. Gains and losses on remeasurement are recognised in the profit and loss for the period.

ILLY COMPUTER SYSTEMS LIMITED

Notes to the Financial Statements

for the Period Ended 30 August 2024

6. Creditors: amounts falling due within one year note

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

ILLY COMPUTER SYSTEMS LIMITED

Notes to the Financial Statements

for the Period Ended 30 August 2024

7. 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 charged from ILLY Systems Ltd to ILLY Computer Systems Ltd and costs were charged from ILLY Computer Systems Ltd to ILLY Systems Ltd. ILLY Computer Systems Ltd and ILLY Systems Ltd are under the common control of the directors.
£
Balance at 31 August 2023 227,128
Balance at 30 August 2024 240,389