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Registered number: 03783400
Systemagic Limited
Unaudited Financial Statements
For The Year Ended 30 April 2026
Leigh Park Accountancy Ltd
141 Leigh Park Road
Bradford on Avon
Wiltshire
BA15 1TQ
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 03783400
2026 2025
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 84,047 100,138
84,047 100,138
CURRENT ASSETS
Debtors 5 177,039 148,185
Cash at bank and in hand 469,683 428,727
646,722 576,912
Creditors: Amounts Falling Due Within One Year 6 (254,158 ) (212,690 )
NET CURRENT ASSETS (LIABILITIES) 392,564 364,222
TOTAL ASSETS LESS CURRENT LIABILITIES 476,611 464,360
PROVISIONS FOR LIABILITIES
Deferred Taxation (21,012 ) (24,063 )
NET ASSETS 455,599 440,297
CAPITAL AND RESERVES
Called up share capital 7 102 102
Profit and Loss Account 455,497 440,195
SHAREHOLDERS' FUNDS 455,599 440,297
Page 1
Page 2
For the year ending 30 April 2026 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.
On behalf of the board
Mr James Eades
Director
17/07/2026
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Systemagic Limited is a private company, limited by shares, incorporated in England & Wales, registered number 03783400 . The registered office is The Old Gas Warehouse, Frome Road, Bradford-On-Avon, Wiltshire, BA15 1HA.
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.
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.
Sale of goods
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.
Rendering of services
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. 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 40% - 100% reducing balance
Motor Vehicles 25% reducing balance
Fixtures & Fittings 20% straight line
Computer Equipment 40% reducing balance
2.5. 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: 21 (2025: 18)
21 18
4. Tangible Assets
Plant & Machinery Motor Vehicles Fixtures & Fittings Computer Equipment Total
£ £ £ £ £
Cost
As at 1 May 2025 806 145,664 18,314 40,887 205,671
Additions 435 - 7,495 7,570 15,500
Disposals - - - (2,692 ) (2,692 )
As at 30 April 2026 1,241 145,664 25,809 45,765 218,479
Depreciation
As at 1 May 2025 806 56,500 15,605 32,622 105,533
Provided during the period 435 22,291 2,352 6,259 31,337
Disposals - - - (2,438 ) (2,438 )
As at 30 April 2026 1,241 78,791 17,957 36,443 134,432
Net Book Value
As at 30 April 2026 - 66,873 7,852 9,322 84,047
As at 1 May 2025 - 89,164 2,709 8,265 100,138
5. Debtors
2026 2025
£ £
Due within one year
Trade debtors 159,008 128,069
Other debtors 5,531 7,616
164,539 135,685
Due after more than one year
Other debtors 12,500 12,500
177,039 148,185
6. Creditors: Amounts Falling Due Within One Year
2026 2025
£ £
Trade creditors 127,033 38,246
Tax and social security 121,237 145,555
Other creditors 5,888 28,889
254,158 212,690
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7. Share Capital
2026 2025
£ £
Allotted, Called up and fully paid 102 102
On 14th December 2023 100 shares were issued for a total consideration of £100.
8. Other Commitments
The total of future minimum lease payments under non-cancellable operating leases are as following:
2026 2025
£ £
Not later than one year 56,250 56,250
Later than one year and not later than five years 112,500 168,750
168,750 225,000
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