Company Registration No. 01192724 (England and Wales)
Systematic Servicing (Equipment) Limited
Unaudited accounts
for the year ended 31 December 2024
Systematic Servicing (Equipment) Limited
Unaudited accounts
Contents
Systematic Servicing (Equipment) Limited
Company Information
for the year ended 31 December 2024
Directors
David Brash
James Brash
Michael Cece
Nigel Harrison
DJ Brask
Kevin Gill
Company Number
01192724 (England and Wales)
Registered Office
Systematic Servicing Equipment Ltd
39-40 Kepler Lichfield Road Industrial E
Tamworth
Staffordshire
B79 7XE
England
Systematic Servicing (Equipment) Limited
Statement of financial position
as at 31 December 2024
Tangible assets
370,064
123,307
Inventories
229,599
295,145
Cash at bank and in hand
13,787
24,364
Creditors: amounts falling due within one year
(444,951)
(226,324)
Net current assets
130,315
408,297
Total assets less current liabilities
500,379
531,604
Creditors: amounts falling due after more than one year
(5,502)
-
Provisions for liabilities
Deferred tax
(8,101)
(8,101)
Net assets
486,776
523,503
Called up share capital
100
100
Profit and loss account
486,676
523,403
Shareholders' funds
486,776
523,503
For the year ending 31 December 2024 the company was entitled to exemption from audit 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.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 29 September 2025 and were signed on its behalf by
David Brash
Director
Company Registration No. 01192724
Systematic Servicing (Equipment) Limited
Notes to the Accounts
for the year ended 31 December 2024
Systematic Servicing (Equipment) Limited is a private company, limited by shares, registered in England and Wales, registration number 01192724. The registered office is Systematic Servicing Equipment Ltd, 39-40 Kepler Lichfield Road Industrial E, Tamworth, Staffordshire, B79 7XE, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
33% on cost and 15% reducing balance
Motor vehicles
25% reducing balance
Fixtures & fittings
25% of cost
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At cost
At 1 January 2024
534,299
140,887
51,923
727,109
Additions
159,696
158,308
-
318,004
Disposals
-
(48,100)
-
(48,100)
At 31 December 2024
693,995
251,095
51,923
997,013
At 1 January 2024
462,054
93,010
48,738
603,802
Charge for the year
29,050
25,768
1,592
56,410
On disposals
-
(33,263)
-
(33,263)
At 31 December 2024
491,104
85,515
50,330
626,949
At 31 December 2024
202,891
165,580
1,593
370,064
At 31 December 2023
72,245
47,877
3,185
123,307
Systematic Servicing (Equipment) Limited
Notes to the Accounts
for the year ended 31 December 2024
Amounts falling due within one year
Trade debtors
191,772
266,038
Accrued income and prepayments
140,108
47,874
6
Creditors: amounts falling due within one year
2024
2023
Obligations under finance leases and hire purchase contracts
141,578
-
Trade creditors
238,792
127,097
Taxes and social security
15,069
29,059
7
Creditors: amounts falling due after more than one year
2024
2023
Taxes and social security
5,502
-
8
Average number of employees
During the year the average number of employees was 10 (2023: 10).