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Registered number: 02780869
Resisystems Limited
Unaudited Financial Statements
For The Year Ended 31 March 2025
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 02780869
2025 2024
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 50,000 50,000
Tangible Assets 5 619 45
50,619 50,045
CURRENT ASSETS
Debtors 6 71,838 30,197
Cash at bank and in hand 39,304 32,892
111,142 63,089
Creditors: Amounts Falling Due Within One Year 7 (90,924 ) (51,136 )
NET CURRENT ASSETS (LIABILITIES) 20,218 11,953
TOTAL ASSETS LESS CURRENT LIABILITIES 70,837 61,998
NET ASSETS 70,837 61,998
CAPITAL AND RESERVES
Called up share capital 8 780 762
Share premium account 96,126 94,220
Revaluation reserve 9 45,000 45,000
Profit and Loss Account (71,069 ) (77,984 )
SHAREHOLDERS' FUNDS 70,837 61,998
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For the year ending 31 March 2025 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
The financial statements were approved by the board of directors on 12 December 2025 and were signed on its behalf by:
Mrs Jane Pattinson
Director
12th December 2025
The notes on pages 3 to 6 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Resisystems Limited is a private company, limited by shares, incorporated in England & Wales, registered number 02780869 . The registered office is 12 Weston Crescent, Norton, Stockton on Tees, TS20 2HU.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Going Concern Disclosure
The directors have not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern.  The company continues to develop the software, supported financially by the directors where necessary.
2.3. 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 is reduced for estimated customer returns, rebates and other similar allowances.
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.4. Intangible Fixed Assets and Amortisation - Other Intangible
Intangible assets are measured at valuation less accumultaed amortisation and any accumulated impairment losses and are amortised to the profit and loss account over the estimated economic life, at the rate of 20% per annum.
2.5. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 33.33%
Computer Equipment 33.33%
2.6. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
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3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2024: 2)
2 2
4. Intangible Assets
Other
£
Cost or Valuation
As at 1 April 2024 81,495
As at 31 March 2025 81,495
Amortisation
As at 1 April 2024 31,495
As at 31 March 2025 31,495
Net Book Value
As at 31 March 2025 50,000
As at 1 April 2024 50,000
The copyright in the computer software was purchased during the year ended 31 March 2022.  Previously the company owned a licence to develop and market the software. The cost of additional development of the computer software has been written off to profit and loss over a number of years.  The software was revalued at 31 March 2008 to reflect the directors estimate of its value and the directors are satisfied that the current value is not less than the amount at which it is included in the balance sheet.  No depreciation has been charged on the revaluation amount.
On a historical cost basis, the computer software cost £36,495, accumulated depreciation is £31,495 and the carrying value is £5,000.
5. Tangible Assets
Plant & Machinery
£
Cost
As at 1 April 2024 6,648
Additions 928
As at 31 March 2025 7,576
Depreciation
As at 1 April 2024 6,603
Provided during the period 354
As at 31 March 2025 6,957
Net Book Value
As at 31 March 2025 619
As at 1 April 2024 45
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6. Debtors
2025 2024
£ £
Due within one year
Trade debtors 40,800 63
Prepayments and accrued income 31,038 30,134
71,838 30,197
7. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Trade creditors 82 133
Other taxes and social security 2,852 2,569
VAT 6,690 447
Other creditors 1,351 2,148
Accruals and deferred income 79,949 45,839
90,924 51,136
Other creditors includes secured debenture loans from some of the directors.  These are repayable on demand and bear interest at the average National Westminster Bank Base Rate.  The directors have waived their rights to interest.
8. Share Capital
2025 2024
Allotted, called up and fully paid £ £
280 Ordinary Shares of £ 1 each 280 262
500 Ordinary A shares of £ 1 each 500 500
780 762
Shares issued during the period: £
18 Ordinary Shares of £ 1 each 18
9. Reserves
Revaluation Reserve
£
As at 1 April 2024 45,000
As at 31 March 2025 45,000
10. Related Party Transactions
Mr A DysonDirectorMr Dyson is the principal shareholder of a company providing sub-contractor services to the company. During the year ended 31 March 2025, services to the value of £53,947 (2024 £55,043) were provided. No amounts were owing at 31 March 2025 (2024 £nil). All transactions were at arms length.

Mr A Dyson

Director

Mr Dyson is the principal shareholder of a company providing sub-contractor services to the company. During the year ended 31 March 2025, services to the value of £53,947 (2024 £55,043) were provided. No amounts were owing at 31 March 2025 (2024 £nil). All transactions were at arms length.

Mr Palmer and Mrs PattinsonDirectorsAt 31 March 2025, an amount of £1,351 (2024 £2,098) was due to these Directors.

Mr Palmer and Mrs Pattinson

Directors

At 31 March 2025, an amount of £1,351 (2024 £2,098) was due to these Directors.

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11. Controlling Party
The company's controlling parties are the Directors by virtue of their ownership between them of 89% of the issued share capital in the company.
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