2023-10-202024-12-312024-12-31false15224302SYSTEMSX 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SYSTEMSX LTD

Registered Number
15224302
(England and Wales)

Unaudited Financial Statements for the Period ended
31 December 2024

SYSTEMSX LTD
Company Information
for the period from 20 October 2023 to 31 December 2024

Directors

ARNOLD, Gareth
DENSTON, Liam Chris Cyril
POWELL, Simon Lloyd

Registered Address

Abacus House
Caxton Place
Cardiff
CF23 8HA

Registered Number

15224302 (England and Wales)
SYSTEMSX LTD
Balance Sheet as at
31 December 2024

Notes

2024

£

£

Current assets
Debtors315,303
Cash at bank and on hand2,528
17,831
Creditors amounts falling due within one year4(71,811)
Net current assets (liabilities)(53,980)
Total assets less current liabilities(53,980)
Net assets(53,980)
Capital and reserves
Called up share capital100
Profit and loss account(54,080)
Shareholders' funds(53,980)
The financial statements were approved and authorised for issue by the Board of Directors on 10 July 2025, and are signed on its behalf by:
POWELL, Simon Lloyd
Director
Registered Company No. 15224302
SYSTEMSX LTD
Notes to the Financial Statements
for the period ended 31 December 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.
Revenue from rendering of services
Revenue 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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
Employee benefits
Short-term employee benefits are measured at the undiscounted amount expected to be paid in exchange for the employee's services to the company. Where employees have accrued short-term benefits which the entity has not paid by the balance sheet date, an accrual is recognised within creditors: amounts falling due within one year together with an associated expense in profit or loss. The liabilities are classified as current obligations in the statement of financial position because they are expected to be settled wholly within twelve months after the end of the period.
Defined contribution pension plan
The company operates a defined contribution pension plan for the benefit of its employees. Contributions are recognised as expenses as they become payable. Differences between contributions payable in the year and those actually paid are recognised as either prepayments or accruals in the balance sheet. The assets of the defined contribution pension scheme are held separately from those of the company in an independently administered fund.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
2.Average number of employees

2024
Average number of employees during the year3
3.Debtors: amounts due within one year

2024

£
Trade debtors / trade receivables10,294
Other debtors100
Prepayments and accrued income4,909
Total15,303
4.Creditors: amounts due within one year

2024

£
Trade creditors / trade payables9,082
Taxation and social security16,328
Other creditors43,268
Accrued liabilities and deferred income3,133
Total71,811