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

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

Systech International (Holdings) Limited is a private company limited by shares incorporated in England and Wales. The registered office is Systech House, 55a High Street, London, SW19 5BA.

With effect from 14 August 2024, the name of the company was changed from Systech International Limited to Systech International (Holdings) Limited.

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in pounds sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention.

Ttruehe company meets its day-to-day working capital requirement through overdraft and short term secured facilities of the group.

The directors are in regular contact with the group's bankers and have had the group's facilities recently renewed. The next review of the facilities is due in March 2026. The directors are not aware of any factors at the date of approval of these financial statements why its facilities would not be maintained on similar terms at the next review date.

The directors therefore have a reasonable expectation that the company and the group has adequate resources to continue in operational existence for the foreseeable future.

Turnover is recognised at the fair value of the consideration received or receivable for services provided in the normal course of business, and is shown net of VAT.

Interests in subsidiaries, are initially measured at cost and subsequently measured at cost less any accumulated impairment losses. The investments are assessed for impairment at each reporting date and any impairment losses or reversals of impairment losses are recognised immediately in profit or loss.

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's statement of financial position when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets, which includes: debtors, cash and bank balances are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities, including creditors and loans from fellow group companies are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

In the application of the company’s accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

These would be in respect of any impairment provisions against assets and mark-up percentages in relation to transfer pricing.

The average monthly number of persons (including directors) employed by the company during the year was:

Details of the company's subsidiaries at 31 March 2025 are as follows:

Although the company only owns 49% of the share capital in Systech International LLC, the remaining 51% is held by a local company in accordance with local statute. The company maintains control through the agreements in place with the 51% shareholder.

As the income statement has been omitted from the filing copy of the financial statements, the following information in relation to the audit report on the statutory financial statements is provided in accordance with s444(5B) of the Companies Act 2006.

The auditor's report was unqualified.

The group has in place arrangements where each UK member of the group guarantees the borrowing of its fellow UK group companies.

At 31 March 2025, bank balances across the UK group totalled £523,596 (2024: £292,723).

Additionally there is a cross company guarantee between Systech Group Limited and all of it's subsidiary undertakings, in respect of amounts owed by Systech International Limited, Systech International (Europe) Limited, Systech International Inc, Systech Infrastructure Inc and Systech Expert Witness Services Limited relating to short term financing facilities.

The amount guaranteed under this agreement at 31 March 2025 was £2,235,550 (2024: £2,823,673) which is secured by a fixed and floating charge over the assets of the group.

The company's ultimate parent undertaking is Systech Group Limited, Systech House, 55a High Street, London, United Kingdom, SW19 5BA. The company has not prepared consolidated financial statements as it is a wholly owned subsidiary of a UK company (Systech Group Limited) that is preparing consolidated financial statements. These can be obtained from Companies House.

The ultimate controlling party of the group is S P Rayment.

The company has taken advantage of the exemption available in FRS 102 "Related party disclosures", and has not disclosed transactions with fellow group undertakings.

At the balance sheet date a balance of £39,818 (2024: £38,853) was owed by the parent company.