Registered Number:07015633 |
For the year ended 30 September 2022
England and Wales
Unaudited Financial Statements
For the year ended 30 September 2022
More Systems Ltd
Contents Page
1
Statement of Financial Position
2 to 5
Notes to the Financial Statements
More Systems Ltd
Statement of Financial Position
2021
2022
-
8,500
2
Property, plant and equipment |
245
561
3
245
9,061
Trade and other receivables |
2,604
8,500
4
9,358
Cash and cash equivalents |
2,018
10,518
11,962
Trade and other payables: amounts falling due within one year |
(22,592)
(23,310)
5
(10,630)
(12,792)
Net current liabilities
Total assets less current liabilities |
(12,547)
(1,569)
Trade and other payables: amounts falling due after more than one year |
(33,208)
(22,108)
6
(34,655)
Net liabilities
(34,777)
20
20
(34,675)
(34,797)
(34,655)
(34,777)
Shareholders' funds
For the year ended 30 September 2022 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 of its financial statements for the year ended 30 September 2022 in accordance with Section 476 of the Companies Act 2006 |
The directors acknowledge their responsibilities for:a) ensuring that the company keeps proper accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and |
b) preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year |
and of its profit or loss for each financial year in accordance with the requirements of Section 394 and 395 and which otherwise comply |
with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company. |
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. |
Mr Robert Harper Director |
These financial statements were approved and authorised for issue by the Board on 10 April 2023 and were signed by: |
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For the year ended 30 September 2022
More Systems Ltd
Statement of Financial Position Continued
The notes form part of these financial statements |
2 of 5
For the year ended 30 September 2022
More Systems Ltd
Notes to the Financial Statements
Statutory Information
More Systems Ltd is a private limited company, limited by shares, domiciled in England and Wales, registration number 07015633. |
Tremough Innovation Centre
Tremough Campus
Penryn
Cornwall
TR10 9TA
The presentation currency is £ sterling. |
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial Reporting Standard 102 'The |
Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have |
been prepared under the historical costs convention as modified by the revaluation of certain assets. |
Revenue recognition
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2009, is being amortised evenly over its estimated useful life of 10 years. The Goodwill has been written off in 2019. |
Intangible assets
Intangible assets (including purchased goodwill and patents) are amortised at rates calculated to write off the assets on a straight line basis over their estimated useful economic lives. Impairment of intangible assets is only reviewed where circumstances indicate that the carrying value of an asset may not be fully recoverable. |
2. Intangible fixed assets |
87,000
87,000
78,500
8,500
Charge for year
87,000
-
8,500
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For the year ended 30 September 2022
More Systems Ltd
Notes to the Financial Statements Continued
3. Property, plant and equipment |
Fixtures and fittings
1,789
606
1,183
1,183
606
1,789
Provision for depreciation and impairment |
1,228
508
720
Charge for year
316
98
218
1,544
606
938
245
-
245
463
98
561
4. Trade and other receivables |
2021
2022
8,465
1,104
35
1,500
2,604
8,500
The debtors above include the following amounts falling due after more than one year: |
35
1,500
5. Trade and other payables: amounts falling due within one year |
2021
2022
1,050
-
-
1
Taxation and social security |
17,278
15,471
4,982
7,120
23,310
22,592
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For the year ended 30 September 2022
More Systems Ltd
Notes to the Financial Statements Continued
6. Trade and other payables: amounts falling due after more than one year |
2021
2022
22,108
33,208
7. Average number of persons employed |
During the year the average number of employees was 0
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