Gamma Systems Limited - Filleted accounts

Registered number

03795781

Gamma Systems Limited

Filleted Accounts

31 March 2025

Gamma Systems Limited
Registered number:		03795781
Balance Sheet
as at 31 March 2025

Notes			2025			2024
£				£
Fixed assets
Tangible assets	3		130,132			142,512

Current assets
Stocks		186,507			155,341
Debtors	4	205,772			558,545
Cash at bank and in hand		46,977			295,537
		439,256			1,009,423

Creditors: amounts falling due within one year	5	(28,270)			(425,201)

Net current assets			410,986			584,222

Total assets less current liabilities			541,118			726,734

Creditors: amounts falling due after more than one year	6		(88,317)			(141,864)



Net assets			452,801			584,870

Capital and reserves
Called up share capital			110			110
Profit and loss account			452,691			584,760

Shareholders' funds			452,801			584,870

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.




Kayleigh WOOLLARD
Director
Approved by the board on 21 October 2025

Gamma Systems Limited
Notes to the Accounts
for the year ended 31 March 2025


1	Accounting policies

	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.

	Tangible fixed assets
	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

	Freehold buildings	over 50 years
	Leasehold land and buildings	over the lease term
	Plant and machinery	over 5 years
	Fixtures, fittings, tools and equipment	over 5 years

	Stocks
	Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.

	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.

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Leased assets
	A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership. All other leases are classified as operating leases. The rights of use and obligations under finance leases are initially recognised as assets and liabilities at amounts equal to the fair value of the leased assets or, if lower, the present value of the minimum lease payments. Minimum lease payments are apportioned between the finance charge and the reduction in the outstanding liability using the effective interest rate method. The finance charge is allocated to each period during the lease so as to produce a constant periodic rate of interest on the remaining balance of the liability. Leased assets are depreciated in accordance with the company's policy for tangible fixed assets. If there is no reasonable certainty that ownership will be obtained at the end of the lease term, the asset is depreciated over the lower of the lease term and its useful life. Operating lease payments are recognised as an expense on a straight line basis over the lease term.

	Pensions
	Contributions to defined contribution plans are expensed in the period to which they relate.


2	Employees			2025		2024
Number					Number

	Average number of persons employed by the company			11		11


3	Tangible fixed assets
		Plant and machinery etc		Motor vehicles		Total
£			£		£
	Cost
	At 1 April 2024	273,531		131,734		405,265
	Additions	617		25,640		26,257
	Disposals	-		(5,632)		(5,632)
	At 31 March 2025	274,148		151,742		425,890

	Depreciation
	At 1 April 2024	211,241		51,512		262,753
	Charge for the year	19,215		13,790		33,005
	At 31 March 2025	230,456		65,302		295,758

	Net book value
	At 31 March 2025	43,692		86,440		130,132
	At 31 March 2024	62,290		80,222		142,512


4	Debtors			2025		2024
£					£

	Trade debtors			166,735		460,903
	Other debtors			39,037		97,642
				205,772		558,545


5	Creditors: amounts falling due within one year			2025		2024
£					£

	Trade creditors			(28,972)		239,081
	Taxation and social security costs			(5,215)		74,806
	Other creditors			62,457		111,314
				28,270		425,201


6	Creditors: amounts falling due after one year			2025		2024
£					£

	Other creditors			88,317		141,864


7	Controlling party

	Shareholders are as follows: Sea Green Investment Ltd - 400 A Shares, Sea Green Investment Ltd - 10 B shares, Sea Green Investment Ltd - 100 C Shares


8	Other information

	Gamma Systems Limited is a private company limited by shares and incorporated in England. Its registered office is:
	Unit 4 Peartree Business Centre
	South Road
	Harlow
	CM20 2BD