UK SYSTEMS INC LIMITED Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 02889369

UK SYSTEMS INC LIMITED

Filleted Unaudited Financial Statements

31 March 2025

UK SYSTEMS INC LIMITED

Statement of Financial Position

31 March 2025

	2025	2024
Note	£	£

Fixed assets

Tangible assets	5	56,156	49,099
Fixed Asset Investments	6	202,554	222,359
		---------	---------
		258,710	271,458

Current assets

Stocks		83,017	54,804
Debtors	7	23,839	40,673
Cash at bank and in hand		59,826	67,139
		---------	---------
		166,682	162,616

Creditors: amounts falling due within one year	8	77,293	84,152
		---------	---------
Net current assets		89,389	78,464
		---------	---------
Total assets less current liabilities		348,099	349,922
		---------	---------
Net assets		348,099	349,922
		---------	---------

Capital and reserves

Called up share capital	4	4
Revaluation reserve	144,734	161,550
Profit and loss account	203,361	188,368
	---------	---------
Shareholders funds	348,099	349,922
	---------	---------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.

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.

Director's responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;

- The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

UK SYSTEMS INC LIMITED

Statement of Financial Position (continued)

31 March 2025

These financial statements were approved by the board of directors and authorised for issue on 24 December 2025 , and are signed on behalf of the board by:

Mrs R E Houseley
Director

Company registration number: 02889369

UK SYSTEMS INC LIMITED

Notes to the Financial Statements

Year ended 31 March 2025

1. General information

The principal activity of the company in the year under review was that of the supply and installation of computer and electrical equipment.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and fixed asset investments measured at fair value through the revaluation reserve. The financial statements are prepared in GBP sterling, which is the functional currency of the entity.

Research and development costs

Expenditure on research and development is written off against profits in the year in which it is incurred.

Turnover

Turnover represents net invoiced sales of pipeline inspection systems equipment and related goods, excluding value added tax, and turnover is recognised when the goods are despatched to the customer.

Tangible fixed assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Freehold property	-	2% straight line
Plant and machinery	-	25% reducing balance
Fixtures and fittings	-	15% reducing balance
Motor vehicles	-	25% reducing balance

Fixed asset investments

Fixed asset investments are initially recorded at cost, and subsequently stated at their fair value.

Stocks

Stocks are measured at the lower of cost and net realisable value, after making allowance for obsolete and slow moving items.

Financial instruments

A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost.

Defined contribution plans

The company operates a defined contribution pension scheme. Contributions are recognised as an expense in the period to which they relate.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 5 (2024: 5 ).

5. Tangible assets

	Freehold property	Plant and machinery	Fixtures and fittings	Motor vehicles	Total
	£	£	£	£	£
Cost or valuation
At 1 April 2024	75,750	9,048	5,634	21,261	111,693
Additions	–	–	15,489	–	15,489
	--------	-------	--------	--------	---------
At 31 March 2025	75,750	9,048	21,123	21,261	127,182
	--------	-------	--------	--------	---------
Depreciation
At 1 April 2024	36,360	8,349	4,502	13,383	62,594
Charge for the year	1,515	241	1,427	5,249	8,432
	--------	-------	--------	--------	---------
At 31 March 2025	37,875	8,590	5,929	18,632	71,026
	--------	-------	--------	--------	---------
Carrying amount
At 31 March 2025	37,875	458	15,194	2,629	56,156
	--------	-------	--------	--------	---------
At 31 March 2024	39,390	699	1,132	7,878	49,099
	--------	-------	--------	--------	---------

6. Fixed asset investments

	Other investments
	£
Valuation
At 1 April 2024	222,359
Additions	33,163
Disposals	( 57,514)
Revaluations	4,546
	---------
At 31 March 2025	202,554
	---------
Impairment
At 1 April 2024 and 31 March 2025	–
	---------

Carrying amount
At 31 March 2025	202,554
	---------
At 31 March 2024	222,359
	---------

7. Debtors

	2025	2024
	£	£
Trade debtors	21,314	37,654
Other debtors	2,525	3,019
	--------	--------
	23,839	40,673
	--------	--------

8. Creditors: amounts falling due within one year

	2025	2024
	£	£
Trade creditors	14,011	19,602
Social security and other taxes	9,754	10,525
Other creditors	53,528	54,025
	--------	--------
	77,293	84,152
	--------	--------