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REGISTERED NUMBER: 07597351 (England and Wales)















Unaudited Financial Statements for the Year Ended 31st March 2023

for

Syzygy Renewables Limited

Syzygy Renewables Limited (Registered number: 07597351)






Contents of the Financial Statements
for the Year Ended 31st March 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Syzygy Renewables Limited

Company Information
for the Year Ended 31st March 2023







DIRECTOR: J Macdonald-Brown





SECRETARY: A Macdonald-Brown





REGISTERED OFFICE: 4-8 Whites Grounds
London
SE1 3LA





REGISTERED NUMBER: 07597351 (England and Wales)





ACCOUNTANTS: Integrity Tax & Accountancy Solutions Ltd
May Cottage
Ashfield Road
Norton
Bury St Edmunds
Suffolk
IP31 3NF

Syzygy Renewables Limited (Registered number: 07597351)

Balance Sheet
31st March 2023

31.3.23 31.3.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 188,021 92,966
Tangible assets 5 125,211 29,510
Investments 6 1 1
313,233 122,477

CURRENT ASSETS
Debtors 7 1,109,259 573,911
Cash at bank and in hand 1,218,551 1,074,330
2,327,810 1,648,241
CREDITORS
Amounts falling due within one year 8 1,019,468 620,644
NET CURRENT ASSETS 1,308,342 1,027,597
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,621,575

1,150,074

CREDITORS
Amounts falling due after more than one
year

9

(139,593

)

(216,664

)

PROVISIONS FOR LIABILITIES (26,292 ) (6,129 )
NET ASSETS 1,455,690 927,281

CAPITAL AND RESERVES
Called up share capital 150 150
Capital redemption reserve 150 150
Retained earnings 1,455,390 926,981
SHAREHOLDERS' FUNDS 1,455,690 927,281

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

Syzygy Renewables Limited (Registered number: 07597351)

Balance Sheet - continued
31st 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 director and authorised for issue on 22nd December 2023 and were signed by:





J Macdonald-Brown - Director


Syzygy Renewables Limited (Registered number: 07597351)

Notes to the Financial Statements
for the Year Ended 31st March 2023

1. STATUTORY INFORMATION

Syzygy Renewables 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.

Preparation of consolidated financial statements
The financial statements contain information about Syzygy Renewables Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 400 of the Companies Act 2006 from the requirements to prepare consolidated financial statements as it and its subsidiary undertaking are included by full consolidation in the consolidated financial statements of its parent, , .

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

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

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.

Patents and licences are being amortised evenly over their estimated useful life of ten years.

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.
Improvements to property - 20% on cost
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Syzygy Renewables Limited (Registered number: 07597351)

Notes to the Financial Statements - continued
for the Year Ended 31st March 2023

2. ACCOUNTING POLICIES - continued

Financial instruments
The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.
Financial instruments are recognised in the Company's statement of financial position when the company becomes party to the contractual provisions of the instrument.
Financial assets and liabilities are offset and the net amounts presented in the financial statements where there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at
transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Impairment of financial assets
Financial assets, other than those held at fair value through profit and loss, are assessed for indicators of impairment at each reporting end date. Financial assets are impaired where there is objective evidence that, as a result of one or more events that occurred after the initial recognition of the financial asset, the estimated future cash flows have been affected.If an asset is impaired, the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset’s original effective interest rate. The impairment loss is recognised in profit or loss. If there is a decrease in the impairment loss arising from an event occurring after the impairment was recognised, the impairment is reversed. The reversal is such that the current carrying amount does not exceed what the carrying amount would have been, had the impairment not previously been recognised. The impairment reversal is recognised in profit or loss.


Classification of financial liabilities
Financial liabilities and equity instruments are classified according to the substance of the contractual
arrangements entered into. An equity instrument is any contract that evidences a residual interest in the
assets of the company after deducting all of its liabilities.

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.

Syzygy Renewables Limited (Registered number: 07597351)

Notes to the Financial Statements - continued
for the Year Ended 31st March 2023

2. ACCOUNTING POLICIES - continued

Research and development
Research expenditure is written off in the year in which its incurred.
Development expenditure incurred is capitalised as an intangible asset only when all of the following criteria are met:

- It is technically feasible to complete the intangible asset so that it will be available for use or sale;
- There is the intention to complete the intangible asset and use or sell it;
-There is the ability to use or sell the intangible asset;
-The use or sale of the intangible asset will generate probable future economic benefits;
-There are adequate technical, financial and other resources available to complete the development and to use or sell the intangible asset; and
-The expenditure attributable to the intangible asset during it development can be measured reliably.
Expenditure that does not meet the above criteria is expensed as incurred.

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.

Goodwill
Goodwill arises on business acquisitions and represents the excess of the cost of the acquisition over the company's interest in the net amount of the identifiable assets, liabilities and contingent liabilities of acquired business.
Goodwill is measured at cost less accumulated amortisation and accumulated impairment losses. It is amortised on a straight line basis over its useful life. Where a reliable estimate of the useful life of goodwill or intangible assets cannot be made, the life is presumed not to exceed ten years.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 35 (2022 - 19 ) .

4. INTANGIBLE FIXED ASSETS
Patents
and Development
Goodwill licences costs Totals
£    £    £    £   
COST
At 1st April 2022 104,555 - 161,276 265,831
Additions - 24,570 94,111 118,681
At 31st March 2023 104,555 24,570 255,387 384,512
AMORTISATION
At 1st April 2022 104,554 - 68,311 172,865
Amortisation for year - 2,457 21,169 23,626
At 31st March 2023 104,554 2,457 89,480 196,491
NET BOOK VALUE
At 31st March 2023 1 22,113 165,907 188,021
At 31st March 2022 1 - 92,965 92,966

Syzygy Renewables Limited (Registered number: 07597351)

Notes to the Financial Statements - continued
for the Year Ended 31st March 2023

5. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Plant and and
property machinery fittings
£    £    £   
COST
At 1st April 2022 - 5,900 19,465
Additions 40,411 - 1,200
Disposals - (5,900 ) -
At 31st March 2023 40,411 - 20,665
DEPRECIATION
At 1st April 2022 - 4,033 17,334
Charge for year 8,082 - 833
Eliminated on disposal - (4,033 ) -
At 31st March 2023 8,082 - 18,167
NET BOOK VALUE
At 31st March 2023 32,329 - 2,498
At 31st March 2022 - 1,867 2,131

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1st April 2022 - 75,123 100,488
Additions 32,112 82,325 156,048
Disposals - - (5,900 )
At 31st March 2023 32,112 157,448 250,636
DEPRECIATION
At 1st April 2022 - 49,611 70,978
Charge for year 8,028 41,537 58,480
Eliminated on disposal - - (4,033 )
At 31st March 2023 8,028 91,148 125,425
NET BOOK VALUE
At 31st March 2023 24,084 66,300 125,211
At 31st March 2022 - 25,512 29,510

Syzygy Renewables Limited (Registered number: 07597351)

Notes to the Financial Statements - continued
for the Year Ended 31st March 2023

6. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1st April 2022
and 31st March 2023 1
NET BOOK VALUE
At 31st March 2023 1
At 31st March 2022 1

The company's investments at the Balance Sheet date in the share capital of companies include the following:

SYZYGY CONSULTING (EUROPE) LIMITED
Registered office: 143 Louisville Road, London, England, SW17 8RN
Nature of business: Environmental consulting activities
%
Class of shares: holding
Ordinary 100.00

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Trade debtors 1,039,250 529,133
Amounts owed by group undertakings 5,000 5,000
Other debtors 65,009 39,778
1,109,259 573,911

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Bank loans and overdrafts 49,555 -
Hire purchase contracts (see note 10) 3,615 -
Trade creditors 301,493 87,383
Taxation and social security 459,630 326,936
Other creditors 205,175 206,325
1,019,468 620,644

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.23 31.3.22
£    £   
Bank loans 117,106 216,664
Hire purchase contracts (see note 10) 22,487 -
139,593 216,664

Syzygy Renewables Limited (Registered number: 07597351)

Notes to the Financial Statements - continued
for the Year Ended 31st March 2023

10. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
31.3.23 31.3.22
£    £   
Net obligations repayable:
Within one year 3,615 -
Between one and five years 22,487 -
26,102 -

Non-cancellable operating leases
31.3.23 31.3.22
£    £   
Within one year 85,222 65,102
Between one and five years 386,259 66,482
471,481 131,584

11. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

Dividends totalling £88,667 (2022: £88,667) were paid in the year in respect of shares held by the company's directors.

As at 31 March 2023 the amounts owed to the directors was £13,040 (2022: £49,873)

12. RELATED PARTY DISCLOSURES

The total dividends declared was £175,000, (2022: £175,000)