SYLTECH AUTOS LTD

Company Registration Number:
13137649 (England and Wales)

Unaudited statutory accounts for the year ended 31 January 2023

Period of accounts

Start date: 01 February 2022

End date: 31 January 2023

SYLTECH AUTOS LTD

Contents of the Financial Statements

for the Period Ended 31 January 2023

Company Information - 3
Report of the Directors - 4
Profit and Loss Account - 5
Balance sheet - 6
Additional notes - 8
Balance sheet notes - 11

SYLTECH AUTOS LTD

Company Information

for the Period Ended 31 January 2023




Director: LUCACI, Silviu-Petre
Registered office: Unit 3 Rear ,
Of 151 Hertford Road,
Enfield
England
EN3 5JG
Company Registration Number: 13137649 (England and Wales)

SYLTECH AUTOS LTD

Directors' Report Period Ended 31 January 2023

The directors present their report with the financial statements of the company for the period ended 31 January 2023

Principal Activities

Maintenance and repair of motor vehicles

Directors

The directors shown below have held office during the whole of the period from 01 February 2022 to 31 January 2023
LUCACI, Silviu-Petre

This report was approved by the board of directors on 26 October 2023
And Signed On Behalf Of The Board By:

Name: LUCACI, Silviu-Petre
Status: Director

SYLTECH AUTOS LTD

Profit and Loss Account

for the Period Ended 31 January 2023


Notes

2023
£
13 months to
31 Jan 2022
£
Turnover 161,695 57,060
Cost of sales ( 116,213 ) ( 34,805 )
Gross Profit or (Loss) 45,482 22,255
Administrative Expenses ( 46,170 ) ( 21,999 )
Operating Profit or (Loss) ( 688 ) 256
Profit or (Loss) Before Tax ( 688 ) 256
Profit or (Loss) for Period ( 688 ) 256

The notes form part of these financial statements

SYLTECH AUTOS LTD

Balance sheet

As at 31 January 2023


Notes

2023
£
13 months to
31 Jan 2022
£
Fixed assets
Intangible assets: 4 100 100
Tangible assets: 5 8,693 11,590
Total fixed assets: 8,793 11,690
Current assets
Stocks: 6,401 5,600
Cash at bank and in hand: 259 5,421
Total current assets: 6,660 11,021
Creditors: amounts falling due within one year: 6 ( 16,041 ) ( 4,951 )
Net current assets (liabilities): ( 9,381 ) 6,070
Total assets less current liabilities: ( 588 ) 17,760
Total net assets (liabilities): ( 588 ) 17,760

The notes form part of these financial statements

SYLTECH AUTOS LTD

Balance sheet continued

As at 31 January 2023


Notes

2023
£
13 months to
31 Jan 2022
£
Capital and reserves
Called up share capital: 100 100
Revaluation reserve: 7 ( 688 ) 17,660
Shareholders funds: ( 588 ) 17,760

For the year ending 31 January 2023 the company was entitled to exemption 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.

This report was approved by the board of directors on 26 October 2023
And Signed On Behalf Of The Board By:

Name: LUCACI, Silviu-Petre
Status: Director

The notes form part of these financial statements

SYLTECH AUTOS LTD

Notes to the Financial Statements

for the Period Ended 31 January 2023

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

    Tangible fixed assets depreciation policy

    Property, Plant and Equipment outlines the accounting treatment for most types of property, plant and equipment. Property, plant and equipment is initially measured at its cost, subsequently measured either using a cost or revaluation model, and depreciated so that its depreciable amount is allocated on a systematic basis over its useful life.

    Intangible fixed assets amortisation policy

    Intangible Assets are non-monetary assets which are without physical substance and identifiable (either being separable or arising from contractual or other legal rights). Intangible assets meeting the relevant recognition criteria are initially measured at cost, subsequently measured at cost or using the revaluation model, and amortised on a systematic basis over their useful lives.

SYLTECH AUTOS LTD

Notes to the Financial Statements

for the Period Ended 31 January 2023

  • 2. Employees


    2023
    13 months to
    31 Jan 2022
    Average number of employees during the period 3 3

SYLTECH AUTOS LTD

Notes to the Financial Statements

for the Period Ended 31 January 2023

  • 3. Off balance sheet disclosure

    No

SYLTECH AUTOS LTD

Notes to the Financial Statements

for the Period Ended 31 January 2023

4. Intangible assets

Goodwill Total
Cost £ £
At 01 February 2022 100 100
Additions - -
Disposals - -
Revaluations - -
Transfers - -
At 31 January 2023 100 100
Amortisation
Amortisation at 01 February 2022 - -
Charge for year - -
On disposals - -
Other adjustments - -
Amortisation at 31 January 2023 - -
Net book value
Net book value at 31 January 2023 100 100
Net book value at 31 January 2022 100 100

SYLTECH AUTOS LTD

Notes to the Financial Statements

for the Period Ended 31 January 2023

5. Tangible assets

Plant & machinery Total
Cost £ £
At 01 February 2022 11,590 11,590
Additions - -
Disposals - -
Revaluations - -
Transfers - -
At 31 January 2023 11,590 11,590
Depreciation
At 01 February 2022 - -
Charge for year 2,897 2,897
On disposals - -
Other adjustments - -
At 31 January 2023 2,897 2,897
Net book value
At 31 January 2023 8,693 8,693
At 31 January 2022 11,590 11,590

SYLTECH AUTOS LTD

Notes to the Financial Statements

for the Period Ended 31 January 2023

6.Creditors: amounts falling due within one year note


2023
£
13 months to
31 Jan 2022
£
Trade creditors 4,951
Taxation and social security 407
Other creditors 15,634
Total 16,041 4,951

SYLTECH AUTOS LTD

Notes to the Financial Statements

for the Period Ended 31 January 2023

7. Revaluation reserve


2023
£
Balance at 01 February 2022 17,660
Surplus or deficit after revaluation ( 18,348 )
Balance at 31 January 2023 ( 688 )