Sysmetics Ltd - Filleted accounts

Registered number

12884710

Sysmetics Ltd

Filleted Accounts

30 September 2024

Sysmetics Ltd
Registered number:		12884710
Balance Sheet
as at 30 September 2024

Notes			2024			2023
£				£
Current assets
Debtors	3	27,407			141,449
Cash at bank and in hand		69,717			3,245
		97,124			144,694

Creditors: amounts falling due within one year	4	(62,878)			(29,947)

Net current assets			34,246			114,747

Net assets			34,246			114,747

Capital and reserves
Called up share capital			1			1
Profit and loss account			34,245			114,746

Shareholders' funds			34,246			114,747

The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.




Danish Awan
Director
Approved by the board on 29 September 2025

Sysmetics Ltd
Notes to the Accounts
for the year ended 30 September 2024


1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	Turnover
	Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover 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.

	Debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	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	Employees	2024		2023
Number			Number

	Average number of persons employed by the company	3		2


3	Debtors	2024		2023
£			£

	Trade debtors	27,407		141,449


4	Creditors: amounts falling due within one year	2024		2023
£			£

	Trade creditors	8,944		31,292
	Taxation and social security costs	46,356		28,959
	Other creditors	7,578		(30,304)
		62,878		29,947


5	Other information

	Sysmetics Ltd is a private company limited by shares and incorporated in England. Its registered office is:
	86-90 Paul Street EC2A 4NE
	3rd Floor Paul Street
	London
	England
	EC2A 4NE