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REGISTERED NUMBER: 08560909 (England and Wales)














Unaudited Financial Statements

for the Year Ended 30 November 2024

for

Continental Systems Limited

Continental Systems Limited (Registered number: 08560909)






Contents of the Financial Statements
for the Year Ended 30 November 2024




Page

Balance Sheet 1

Notes to the Financial Statements 2


Continental Systems Limited (Registered number: 08560909)

Balance Sheet
30 November 2024

2024 2023
Notes £    £   
CURRENT ASSETS
Stocks 13,120 17,914
Debtors 5 55,505 55,505
Cash at bank 7,761 3,054
76,386 76,473
CREDITORS
Amounts falling due within one year 6 39,807 40,313
NET CURRENT ASSETS 36,579 36,160
TOTAL ASSETS LESS CURRENT LIABILITIES 36,579 36,160

CREDITORS
Amounts falling due after more than one year 7 13,241 16,130
NET ASSETS 23,338 20,030

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings 22,338 19,030
SHAREHOLDERS' FUNDS 23,338 20,030

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 28 August 2025 and were signed by:





Mr J Di Caprio - Director


Continental Systems Limited (Registered number: 08560909)

Notes to the Financial Statements
for the Year Ended 30 November 2024

1. STATUTORY INFORMATION

Continental Systems Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 08560909

Registered office: Tameside Business Park Building 3
Office 2 Windmill Lane
Denton
Greater Manchester
M34 3QS

The presentation currency of the financial statements is the Pound Sterling (£).


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 represents sales of goods,and is recognised in the period to which it relates.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Computer equipment - Fully depreciated

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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 year 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

Continental Systems Limited (Registered number: 08560909)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2024

4. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
At 1 December 2023
and 30 November 2024 2,049
DEPRECIATION
At 1 December 2023
and 30 November 2024 2,049
NET BOOK VALUE
At 30 November 2024 -
At 30 November 2023 -

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 55,505 55,505

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 2,889 2,889
Trade creditors 4,749 4,630
Taxation and social security 891 2,128
Other creditors 31,278 30,666
39,807 40,313

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 13,241 16,130

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 1,685 4,574

8. RELATED PARTY DISCLOSURES

At the year end the company was owed £55,000 (2023 £55,000) from Transglobal Property Services Limited, a company under the control of the director. The loan was interest free and repayable on demand.