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REGISTERED NUMBER: 08327027 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2023

FOR

SYMPHONY APS LTD

SYMPHONY APS LTD (REGISTERED NUMBER: 08327027)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


SYMPHONY APS LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 30 JUNE 2023







DIRECTORS: B Coventry
P Lowe





REGISTERED OFFICE: 2 Manor Farm Court
Old Wolverton Road
Old Wolverton
Milton Keynes
Buckinghamshire
MK12 5NN





REGISTERED NUMBER: 08327027 (England and Wales)





ACCOUNTANTS: Ad Valorem Accountancy Services Limited
Chartered Certified Accountants
2 Manor Farm Court
Old Wolverton Road
Old Wolverton
Buckinghamshire
MK12 5NN

SYMPHONY APS LTD (REGISTERED NUMBER: 08327027)

BALANCE SHEET
30 JUNE 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 2,030,406 1,413,203
Tangible assets 5 11,716 15,145
2,042,122 1,428,348

CURRENT ASSETS
Debtors 6 709,114 307,013
Cash at bank and in hand 149,801 494,997
858,915 802,010
CREDITORS
Amounts falling due within one year 7 1,543,191 920,538
NET CURRENT LIABILITIES (684,276 ) (118,528 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,357,846

1,309,820

CREDITORS
Amounts falling due after more than one
year

8

(319,646

)

(477,869

)

PROVISIONS FOR LIABILITIES (1,404 ) (1,875 )
NET ASSETS 1,036,796 830,076

CAPITAL AND RESERVES
Called up share capital 9 200 200
Retained earnings 1,036,596 829,876
SHAREHOLDERS' FUNDS 1,036,796 830,076

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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.

SYMPHONY APS LTD (REGISTERED NUMBER: 08327027)

BALANCE SHEET - continued
30 JUNE 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 3 November 2023 and were signed on its behalf by:





B Coventry - Director


SYMPHONY APS LTD (REGISTERED NUMBER: 08327027)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023


1. STATUTORY INFORMATION

Symphony APS 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

GOODWILL
Goodwill, being the amount paid in connection with the acquisition of a business in 10, is being amortised evenly over its estimated useful life of nil 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.

Development costs are being amortised evenly over their estimated useful life of ten years.

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 - 20% on cost

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.

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 year 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.

SYMPHONY APS LTD (REGISTERED NUMBER: 08327027)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2023


2. ACCOUNTING POLICIES - continued

HIRE PURCHASE AND LEASING COMMITMENTS
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 10 (2022 - 12 ) .

4. INTANGIBLE FIXED ASSETS
Development
Goodwill costs Totals
£    £    £   
COST
At 1 July 2022 282,707 1,689,786 1,972,493
Additions - 873,535 873,535
At 30 June 2023 282,707 2,563,321 2,846,028
AMORTISATION
At 1 July 2022 282,707 276,583 559,290
Amortisation for year - 256,332 256,332
At 30 June 2023 282,707 532,915 815,622
NET BOOK VALUE
At 30 June 2023 - 2,030,406 2,030,406
At 30 June 2022 - 1,413,203 1,413,203

5. TANGIBLE FIXED ASSETS
Plant and
machinery
£   
COST
At 1 July 2022 97,715
Additions 4,172
At 30 June 2023 101,887
DEPRECIATION
At 1 July 2022 82,570
Charge for year 7,601
At 30 June 2023 90,171
NET BOOK VALUE
At 30 June 2023 11,716
At 30 June 2022 15,145

SYMPHONY APS LTD (REGISTERED NUMBER: 08327027)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2023


6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 205,042 193,564
Other debtors 504,072 113,449
709,114 307,013

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 135,070 140,420
Trade creditors 264,498 429,886
Taxation and social security 19,996 (105,299 )
Other creditors 1,123,627 455,531
1,543,191 920,538

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 319,646 477,869

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
200 Ordinary 200 200 200

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 June 2023 and 30 June 2022:

2023 2022
£    £   
B Coventry
Balance outstanding at start of year 203 (267 )
Amounts advanced 403 1,345
Amounts repaid (606 ) (875 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - 203

SYMPHONY APS LTD (REGISTERED NUMBER: 08327027)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2023


11. RELATED PARTY DISCLOSURES

Transactions with related parties
During the year the company entered into the following transactions with related parties:

2023 2022
Amounts due to related parties £    £   

Cloud Capcha Limited 275,559 2,620

The following amounts were outstanding at the reporting end date:
2023 2022
Amounts due from related parties £    £   

Whyenvision Limited 29,410 29,410