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Unaudited Financial Statements

for the Period 1 October 2023 to 31 December 2024

for

SysTec Limited

SysTec Limited (Registered number: 06665053)






Contents of the Financial Statements
for the Period 1 October 2023 to 31 December 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


SysTec Limited

Company Information
for the Period 1 October 2023 to 31 December 2024







DIRECTORS: M Begg
Mrs R E Begg





REGISTERED OFFICE: Bridge House
2 Bridge Avenue
Maidenhead
Berkshire
SL6 1RR





REGISTERED NUMBER: 06665053 (England and Wales)





ACCOUNTANTS: Peter Upton
2 Bridge Avenue
Maidenhead
Berkshire
SL6 1RR

SysTec Limited (Registered number: 06665053)

Balance Sheet
31 December 2024

31.12.24 30.9.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 11,852 10,366

CURRENT ASSETS
Debtors 5 26,147 14,578
Cash at bank and in hand 85,436 65,653
111,583 80,231
CREDITORS
Amounts falling due within one year 6 47,035 45,433
NET CURRENT ASSETS 64,548 34,798
TOTAL ASSETS LESS CURRENT
LIABILITIES

76,400

45,164

PROVISIONS FOR LIABILITIES 7 2,903 2,215
NET ASSETS 73,497 42,949

CAPITAL AND RESERVES
Called up share capital 8 2 2
Retained earnings 73,495 42,947
SHAREHOLDERS' FUNDS 73,497 42,949

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 22 July 2025 and were signed on its behalf by:





M Begg - Director


SysTec Limited (Registered number: 06665053)

Notes to the Financial Statements
for the Period 1 October 2023 to 31 December 2024

1. STATUTORY INFORMATION

SysTec Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 20% on reducing balance
Office & sundry equipment - 20% on reducing balance

Taxation
Taxation for the period comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the period end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 4 (2023 - 4 ) .

SysTec Limited (Registered number: 06665053)

Notes to the Financial Statements - continued
for the Period 1 October 2023 to 31 December 2024

4. TANGIBLE FIXED ASSETS
Fixtures Office &
and sundry
fittings equipment Totals
£    £    £   
COST
At 1 October 2023 9,987 14,037 24,024
Additions 966 3,483 4,449
At 31 December 2024 10,953 17,520 28,473
DEPRECIATION
At 1 October 2023 5,820 7,838 13,658
Charge for period 1,027 1,936 2,963
At 31 December 2024 6,847 9,774 16,621
NET BOOK VALUE
At 31 December 2024 4,106 7,746 11,852
At 30 September 2023 4,167 6,199 10,366

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 30.9.23
£    £   
Trade debtors 22,354 -
Directors' current accounts 3,793 14,578
26,147 14,578

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 30.9.23
£    £   
Tax 31,785 27,272
VAT 11,472 10,398
Other creditors 1,962 6,176
Social security and other tax 176 337
Accruals and deferred income 1,640 1,250
47,035 45,433

7. PROVISIONS FOR LIABILITIES
31.12.24 30.9.23
£    £   
Deferred tax 2,903 2,215

Deferred
tax
£   
Balance at 1 October 2023 2,215
Provided during period 688
Balance at 31 December 2024 2,903

SysTec Limited (Registered number: 06665053)

Notes to the Financial Statements - continued
for the Period 1 October 2023 to 31 December 2024

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.12.24 30.9.23
value: £    £   
2 Ordinary 1 2 2