Registered number
03259227
System Express Limited
Filleted Accounts
31 October 2025

System Express Limited
Registered number: | 03259227
Balance Sheet
as at 31 October 2025
Notes |  |  | 2025 |  |  | 2024
£ | £
Fixed assets
Tangible assets | 3 |  |  | 92,191 |  |  | 97,347
Current assets
Investments held as current assets | 4 |  | 160,841 |  |  | 230,156
Cash at bank and in hand |  |  | 111,511 |  |  | 9,399
|  |  | 272,352 |  |  | 239,555
Creditors: amounts falling due within one year | 5 |  | (361,795) |  |  | (356,053)
Net current liabilities |  |  |  | (89,443) |  |  | (116,498)
Net assets/(liabilities) |  |  |  | 2,748 |  |  | (19,151)
Capital and reserves
Called up share capital |  |  |  | 1,000 |  |  | 1,000
Profit and loss account |  |  |  | 1,748 |  |  | (20,151)
Shareholders' funds |  |  |  | 2,748 |  |  | (19,151)
The director is 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 director acknowledges his 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.
R Hunter
Director
Approved by the board on 10 February 2026

System Express Limited
Notes to the Accounts
for the year ended 31 October 2025
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.
| 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:
| Fixtures & fittings | 20.0% reducing balance
| Office furniture | 20.0% reducing balance
| 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.
2 | Employees | 2025 |  | 2024
Number | Number
| Average number of persons employed by the company | 2 |  | 2
3 | Tangible fixed assets
|  |  |  | Land and buildings |  | Plant and machinery etc |  | Total
£ | £ | £
| Cost
| At 1 November 2024 | 108,583 |  | 28,781 |  | 137,364
| Disposals | - |  | (19,044) |  | (19,044)
| At 31 October 2025 | 108,583 |  | 9,737 |  | 118,320
| Depreciation
| At 1 November 2024 | 17,376 |  | 22,641 |  | 40,017
| Charge for the year | - |  | 1,231 |  | 1,231
| On disposals | - |  | (15,119) |  | (15,119)
| At 31 October 2025 | 17,376 |  | 8,753 |  | 26,129
| Net book value
| At 31 October 2025 | 91,207 |  | 984 |  | 92,191
| At 31 October 2024 | 91,207 |  | 6,140 |  | 97,347
4 | Investments held as current assets | 2025 |  | 2024
£ | £
| Fair value
| Listed investments | 160,841 |  | 230,156
| Increase/(decrease) in fair value included in the profit and loss account for the financial year
| Listed investments | 16,114 |  | 5,548
| The current asset investments consist entirely of quoted shares and fair value is based on closing quoted prices.
5 | Creditors: amounts falling due within one year | 2025 |  | 2024
£ | £
| Other creditors | 361,795 |  | 356,053
6 | Controlling party
| The Company is controlled by R Hunter
7 | Other information
| System Express Limited is a private company limited by shares and incorporated in England. Its registered office is:
| "Sandpipers"
| Crookwheel
| Cark in Cartmel
| Grange over Sands
| LA11 7PS

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