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REGISTERED NUMBER: 12401689 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023

FOR

SYERS MCGILL LIMITED

SYERS MCGILL LIMITED (REGISTERED NUMBER: 12401689)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


SYERS MCGILL LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2023







DIRECTORS: Mrs Michaela Jayne McGill
Mr Daniel Syers





REGISTERED OFFICE: 6 Kerry Street
Horsforth
Leeds
LS18 4AW





REGISTERED NUMBER: 12401689 (England and Wales)





ACCOUNTANTS: Syers McGill
6 Kerry Street
Horsforth
Leeds
West Yorkshire
LS18 4AW

SYERS MCGILL LIMITED (REGISTERED NUMBER: 12401689)

BALANCE SHEET
31 MARCH 2023

31.3.23 31.3.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 128,000 192,000
Tangible assets 5 4,657 4,023
132,657 196,023

CURRENT ASSETS
Stocks 31,726 14,587
Debtors 6 80,848 66,215
Cash at bank 98,823 108,945
211,397 189,747
CREDITORS
Amounts falling due within one year 7 288,599 180,583
NET CURRENT (LIABILITIES)/ASSETS (77,202 ) 9,164
TOTAL ASSETS LESS CURRENT
LIABILITIES

55,455

205,187

CREDITORS
Amounts falling due after more than one year 8 13,000 182,649
NET ASSETS 42,455 22,538

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 9 42,355 22,438
SHAREHOLDERS' FUNDS 42,455 22,538

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 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.

SYERS MCGILL LIMITED (REGISTERED NUMBER: 12401689)

BALANCE SHEET - continued
31 MARCH 2023


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

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 and authorised for issue on 13 October 2023 and were signed on its behalf by:




Mrs Michaela Jayne McGill - Director



Mr Daniel Syers - Director


SYERS MCGILL LIMITED (REGISTERED NUMBER: 12401689)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023


1. STATUTORY INFORMATION

Syers Mcgill Limited 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 Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover represents sales of services, net of value added tax.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2020, is being amortised evenly over its estimated useful life of five years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on reducing balance

Stocks
Work-in-progress is valued at the lower of cost and net realisable value.

Taxation
Taxation for the year 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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2022 - 8 ) .

SYERS MCGILL LIMITED (REGISTERED NUMBER: 12401689)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023


4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2022
and 31 March 2023 320,000
AMORTISATION
At 1 April 2022 128,000
Charge for year 64,000
At 31 March 2023 192,000
NET BOOK VALUE
At 31 March 2023 128,000
At 31 March 2022 192,000

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2022 6,201
Additions 2,185
At 31 March 2023 8,386
DEPRECIATION
At 1 April 2022 2,178
Charge for year 1,551
At 31 March 2023 3,729
NET BOOK VALUE
At 31 March 2023 4,657
At 31 March 2022 4,023

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Trade debtors 79,078 65,260
Prepayments 1,770 955
80,848 66,215

SYERS MCGILL LIMITED (REGISTERED NUMBER: 12401689)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Bank loans and overdrafts 6,000 6,000
Tax 41,304 31,003
Social security and other taxes 2,705 2,574
VAT 54,969 23,145
Directors' current accounts 123,893 67,511
Prepaid income 48,425 44,473
Accrued expenses 11,303 5,877
288,599 180,583

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.23 31.3.22
£    £   
Bank loans - 1-2 years 6,000 6,000
Bank loans - 2-5 years 7,000 13,000
Directors' loan accounts - 163,649
13,000 182,649

9. RESERVES
Retained
earnings
£   

At 1 April 2022 22,438
Profit for the year 113,287
Dividends (93,370 )
At 31 March 2023 42,355

10. ULTIMATE CONTROLLING PARTY

The company is under the control of it's directors