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REGISTERED NUMBER: 10770584 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD

15 MAY 2017 TO 31 DECEMBER 2017

FOR

SYSTEM MERCHANTS UK LTD

SYSTEM MERCHANTS UK LTD (REGISTERED NUMBER: 10770584)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE PERIOD 15 MAY 2017 TO 31 DECEMBER 2017




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


SYSTEM MERCHANTS UK LTD

COMPANY INFORMATION
FOR THE PERIOD 15 MAY 2017 TO 31 DECEMBER 2017







DIRECTORS: A Patel
K Kelson





SECRETARY:





REGISTERED OFFICE: 90 Long Acre
Covent Garden
London
WC2E 9RZ





REGISTERED NUMBER: 10770584 (England and Wales)





ACCOUNTANTS: Tayler Bradshaw
Cambridge House
16 High Street
Saffron Walden
Essex
CB10 1AX

SYSTEM MERCHANTS UK LTD (REGISTERED NUMBER: 10770584)

BALANCE SHEET
31 DECEMBER 2017

Notes £   
CURRENT ASSETS
Cash at bank 311,583

CREDITORS
Amounts falling due within one year 3 303,343
NET CURRENT ASSETS 8,240
TOTAL ASSETS LESS CURRENT LIABILITIES 8,240

CAPITAL AND RESERVES
Called up share capital 8,877
Retained earnings (637 )
8,240

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 December 2017.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 December 2017 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a) ensuring that the company keeps 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 Sections 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.

The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors on 14 January 2019 and were
signed on its behalf by:





E Shampansky - Director


SYSTEM MERCHANTS UK LTD (REGISTERED NUMBER: 10770584)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD 15 MAY 2017 TO 31 DECEMBER 2017

1. STATUTORY INFORMATION

System Merchants UK Ltd is a private company, limited by shares , registered in England and
Wales. The company's registered number and registered office address can be found on the
Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" 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 cost convention.

Taxation
Taxation for the period comprises current and deferred tax. Tax is recognised in the Income
Statement, except to the extent that it relates to items recognised in other comprehensive
income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that
have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not
reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in
periods different from those in which they are recognised in financial statements. Deferred
tax is measured using tax rates and laws that have been enacted or substantively enacted
by the period end and that are expected to apply to the reversal of the timing difference.

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.

3. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Other creditors 303,343