SYSTEM Q LIMITED

Company Registration Number:
02885616 (England and Wales)

Unaudited abridged accounts for the year ended 31 March 2025

Period of accounts

Start date: 01 February 2024

End date: 31 March 2025

SYSTEM Q LIMITED

Contents of the Financial Statements

for the Period Ended 31 March 2025

Balance sheet
Notes

SYSTEM Q LIMITED

Balance sheet

As at 31 March 2025


Notes
14 months to 31 March 2025
2024


£
£
Fixed assets
Intangible assets: 3 11,990 20,125
Tangible assets: 4 121,394 109,502
Total fixed assets: 133,384 129,627
Current assets
Stocks: 972,118 1,013,420
Debtors:   249,438 262,365
Cash at bank and in hand: 273,164 386,258
Total current assets: 1,494,720 1,662,043
Creditors: amounts falling due within one year:   (279,460) (185,221)
Net current assets (liabilities): 1,215,260 1,476,822
Total assets less current liabilities: 1,348,644 1,606,449
Creditors: amounts falling due after more than one year:   (41,819) (37,905)
Total net assets (liabilities): 1,306,825 1,568,544
Capital and reserves
Called up share capital: 100 100
Profit and loss account: 1,306,725 1,568,444
Shareholders funds: 1,306,825 1,568,544

The notes form part of these financial statements

SYSTEM Q LIMITED

Balance sheet statements

For the year ending 31 March 2025 the company was entitled to exemption 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.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 25 September 2025
and signed on behalf of the board by:

Name: M ISHERWOOD
Status: Director

The notes form part of these financial statements

SYSTEM Q LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2025

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Financial Reporting Standard 101

SYSTEM Q LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2025

2. Employees

14 months to 31 March 2025 2024
Average number of employees during the period 13 17

SYSTEM Q LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2025

3. Intangible Assets

Total
Cost £
At 01 February 2024 20,125
Additions 2,441
At 31 March 2025 22,566
Amortisation
At 01 February 2024 0
Charge for year 10,576
At 31 March 2025 10,576
Net book value
At 31 March 2025 11,990
At 31 January 2024 20,125

SYSTEM Q LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2025

4. Tangible Assets

Total
Cost £
At 01 February 2024 785,645
Additions 41,142
Disposals (6,018)
At 31 March 2025 820,769
Depreciation
At 01 February 2024 676,143
Charge for year 27,687
On disposals (4,455)
At 31 March 2025 699,375
Net book value
At 31 March 2025 121,394
At 31 January 2024 109,502

SYSTEM Q LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2025

5. Related party transactions

Included in Debtors is an amount owing by related party System Q Holdings Ltd, being the 100% shareholder of System Q Ltd.