Gamma Systems Limited - Filleted accounts

Registered number

03795781

Gamma Systems Limited

Filleted Accounts

31 March 2026

Gamma Systems Limited
Registered number:		03795781
Balance Sheet
as at 31 March 2026

Notes			2026			2025
£				£
Fixed assets
Tangible assets	3		175,129			130,132

Current assets
Stocks		214,492			186,507
Debtors	4	195,137			205,772
Cash at bank and in hand		22,485			46,977
		432,114			439,256

Creditors: amounts falling due within one year	5	(12,175)			(28,270)

Net current assets			419,939			410,986

Total assets less current liabilities			595,068			541,118

Creditors: amounts falling due after more than one year	6		(118,282)			(88,317)



Net assets			476,786			452,801

Capital and reserves
Called up share capital			110			110
Profit and loss account			476,676			452,691

Shareholders' funds			476,786			452,801

The directors are 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 directors acknowledge their 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.




Kayleigh WOOLLARD
Director
Approved by the board on 3 September 2026

Gamma Systems Limited
Notes to the Accounts
for the year ended 31 March 2026


1	Accounting policies

	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 from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.

	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:

	Freehold buildings	over 50 years
	Leasehold land and buildings	over the lease term
	Plant and machinery	over 5 years
	Fixtures, fittings, tools and equipment	over 5 years

	Stocks
	Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.

	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.

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Leased assets
	A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership. All other leases are classified as operating leases. The rights of use and obligations under finance leases are initially recognised as assets and liabilities at amounts equal to the fair value of the leased assets or, if lower, the present value of the minimum lease payments. Minimum lease payments are apportioned between the finance charge and the reduction in the outstanding liability using the effective interest rate method. The finance charge is allocated to each period during the lease so as to produce a constant periodic rate of interest on the remaining balance of the liability. Leased assets are depreciated in accordance with the company's policy for tangible fixed assets. If there is no reasonable certainty that ownership will be obtained at the end of the lease term, the asset is depreciated over the lower of the lease term and its useful life. Operating lease payments are recognised as an expense on a straight line basis over the lease term.

	Pensions
	Contributions to defined contribution plans are expensed in the period to which they relate.


2	Employees			2026		2025
Number					Number

	Average number of persons employed by the company			5		11


3	Tangible fixed assets
		Plant and machinery etc		Motor vehicles		Total
£			£		£
	Cost
	At 1 April 2025	274,148		151,742		425,890
	Additions	33,915		51,748		85,663
	Disposals	(12,315)		-		(12,315)
	At 31 March 2026	295,748		203,490		499,238

	Depreciation
	At 1 April 2025	230,456		65,302		295,758
	Charge for the year	11,819		16,532		28,351
	At 31 March 2026	242,275		81,834		324,109

	Net book value
	At 31 March 2026	53,473		121,656		175,129
	At 31 March 2025	43,692		86,440		130,132


4	Debtors			2026		2025
£					£

	Trade debtors			161,288		166,735
	Other debtors			33,849		39,037
				195,137		205,772


5	Creditors: amounts falling due within one year			2026		2025
£					£

	Trade creditors			18,602		(28,972)
	Taxation and social security costs			(17,141)		(5,215)
	Other creditors			10,714		62,457
				12,175		28,270


6	Creditors: amounts falling due after one year			2026		2025
£					£

	Other creditors			118,282		88,317


7	Controlling party

	Shareholders are as follows: Sea Green Investment Ltd - 400 A Shares, Sea Green Investment Ltd - 10 B shares, Sea Green Investment Ltd - 100 C Shares


8	Other information

	Gamma Systems Limited is a private company limited by shares and incorporated in England. Its registered office is:
	Unit 4 Peartree Business Centre
	South Road
	Harlow
	CM20 2BD