Company registration number 10717903 (England and Wales)
SYSTECH CONTRACTORS (2017) LIMITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2026
PAGES FOR FILING WITH REGISTRAR
SYSTECH CONTRACTORS (2017) LIMITED
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 5
SYSTECH CONTRACTORS (2017) LIMITED
BALANCE SHEET
AS AT 31 MARCH 2026
31 March 2026
- 1 -
2026
2025
Notes
£
£
£
£
Current assets
Debtors
4
433,691
262,007
Cash at bank and in hand
338
3,801
434,029
265,808
Creditors: amounts falling due within one year
5
(470,332)
(743,275)
Net current liabilities
(36,303)
(477,467)
Capital and reserves
Called up share capital
6
100
100
Profit and loss reserves
(36,403)
(477,567)
Total equity
(36,303)
(477,467)

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

The financial statements were approved by the board of directors and authorised for issue on 10 July 2026 and are signed on its behalf by:
Mark Woodward-Smith
Director
Company registration number 10717903 (England and Wales)
SYSTECH CONTRACTORS (2017) LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2026
- 2 -
1
Accounting policies
Company information

Systech Contractors (2017) Limited is a private company limited by shares incorporated in England and Wales. The registered office is Systech House, 55a High Street, London, SW19 5BA.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in pounds sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Going concern

T true he company meets its day-to-day working capital requirement through overdraft and short term secured facilities of the company.

The director s are in regular contact with the group's bankers and ha ve had the group's facilities recently renewed. The next review of the facilities is due in March 202 7. The directors are not aware of any factors at the date of approval of these financial statements why its facilities would not be maintained on similar terms at the next review date.

The director s therefore have a reasonable expectation that the company and the group has adequate resources to continue in operational existence for the foreseeable future.

As at the Balance Sheet date, the company had net liabilities of 36,303 and made a profit of £441,164. Consequently, the parent company, Systech Group Limited, has confirmed their i ntention to provide financial support to the company for the next 12 months from the date of approving these accounts. The directors expect that the support will enable the company to meet its cash flow requirements, should there be a need for financial assistance, and on that basis, it is appropriate to prepare the accounts on a going concern basis.

1.3
Turnover

Turnover represents amounts receivable for services net of VAT. Turnover is recognised when contractor services are provided.

1.4
Cash at bank and in hand

Cash and cash equivalents are basic financial assets and include cash in hand and deposits held at call with banks. Bank overdrafts are shown within borrowings in current liabilities.

1.5
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

SYSTECH CONTRACTORS (2017) LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2026
1
Accounting policies
(Continued)
- 3 -
Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Classification of financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities

Basic financial liabilities, including creditors and loans from fellow group members, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future paymen ts discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

1.6
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

1.7
Foreign exchange

Transactions in currencies other than pounds sterling are recorded at the rates of exchange prevailing at the dates of the transactions. At each balance sheet date, monetary assets and liabilities that are denominated in foreign currencies are retranslated at the rates prevailing on the balance sheet date. Gains and losses arising on translation in the period are included in profit or loss.

2
Judgements and key sources of estimation uncertainty

In the application of the company’s accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

These would be with respect to any impairment provisions against asset values and mark-up percentages in relation to transfer pricing.

SYSTECH CONTRACTORS (2017) LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2026
- 4 -
3
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2026
2025
Number
Number
Total
2
2
4
Debtors
2026
2025
Amounts falling due within one year:
£
£
Amounts owed by group undertakings
363,408
231,067
Other debtors
70,283
30,940
433,691
262,007
5
Creditors: amounts falling due within one year
2026
2025
£
£
Trade creditors
463,571
693,542
Other creditors
6,761
49,733
470,332
743,275
SYSTECH CONTRACTORS (2017) LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2026
- 5 -
6
Called up share capital
2026
2025
£
£
Issued and fully paid
100 ordinary shares of £1 each
100
100
7
Audit report information

As the income statement has been omitted from the filing copy of the financial statements, the following information in relation to the audit report on the statutory financial statements is provided in accordance with s444(5B) of the Companies Act 2006.

The auditor's report was unqualified.

Senior Statutory Auditor:
Matthew Burge
Statutory Auditor:
Beavis Morgan Audit Limited
Date of audit report:
10 July 2026
8
Financial commitments, guarantees and contingent liablilities

The group has in place arrangements where each UK member of the group guarantees the borrowing of its fellow UK group companies.

At 31 March 2026, b ank balances across the UK group tota l led £524,081 (2025: £523,596).

Additionally there is a cross company guarantee between Systech Group Limited and all of it's subsidiary undertakings, in respect of amounts owed by Systech International Limited, Systech International (Europe) Limited, Systech International Inc, Systech Infrastructure Inc and Systech Expert Witness Services Limited relating to short term financing facilities.

The amount guaranteed under this agreement at 31 March 2026 was £1,152,886 (2025: £2,235,550) which is secured by a fixed and floating charge over the assets of the group.

9
Parent company

The company's parent undertaking is Systech Group Limited, Systech House, 55a High Street, London, United Kingdom, SW19 5BA. This is the parent undertaking of the smallest group of undertakings for which group accounts are prepared. These can be obtained from Companies House.

The ultimate controlling party of the group is S P Rayment.

10
Related party transactions

The company has taken advantage of the exemption available in FRS 102 "Related party disclosures", and has not disclosed transactions with fellow group undertakings.

At the balance sheet date, a balance of £363,408 (2025: £231,067) was owed by the parent company.

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