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REGISTERED NUMBER: 11985078 (England and Wales)












Unaudited Financial Statements

For The Year Ended 31 May 2023

for

Cynaroides Ltd

Cynaroides Ltd (Registered number: 11985078)






Contents of the Financial Statements
For The Year Ended 31 May 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Cynaroides Ltd

Company Information
For The Year Ended 31 May 2023







DIRECTOR: G W Rienhardt





REGISTERED OFFICE: Avalon House, Waltham Business Park
Brickyard Road, Swanmore
Southampton
Hampshire





REGISTERED NUMBER: 11985078 (England and Wales)





ACCOUNTANTS: Butler & Co (Bishops Waltham) Limited
Chartered Accountants
Avalon House
Waltham Business Park
Brickyard Road, Swanmore
Southampton
Hampshire
SO32 2SA

Cynaroides Ltd (Registered number: 11985078)

Balance Sheet
31 May 2023

31.5.23 31.5.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 5 4,900 5,600
Tangible assets 6 569 315
5,469 5,915

CURRENT ASSETS
Debtors 7 1,355 -
Cash at bank 79,776 65,173
81,131 65,173
CREDITORS
Amounts falling due within one year 8 18,358 19,734
NET CURRENT ASSETS 62,773 45,439
TOTAL ASSETS LESS CURRENT
LIABILITIES

68,242

51,354

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 68,142 51,254
SHAREHOLDERS' FUNDS 68,242 51,354

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

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

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 1 March 2024 and were signed by:



G W Rienhardt - Director


Cynaroides Ltd (Registered number: 11985078)

Notes to the Financial Statements
For The Year Ended 31 May 2023

1. STATUTORY INFORMATION

Cynaroides 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. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
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 2020, is being amortised evenly over its estimated useful life of ten 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.
Computer equipment - 25% on cost

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

Cynaroides Ltd (Registered number: 11985078)

Notes to the Financial Statements - continued
For The Year Ended 31 May 2023

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - NIL ) .

5. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 June 2022
and 31 May 2023 7,000
AMORTISATION
At 1 June 2022 1,400
Amortisation for year 700
At 31 May 2023 2,100
NET BOOK VALUE
At 31 May 2023 4,900
At 31 May 2022 5,600

6. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
At 1 June 2022 1,129
Additions 715
At 31 May 2023 1,844
DEPRECIATION
At 1 June 2022 814
Charge for year 461
At 31 May 2023 1,275
NET BOOK VALUE
At 31 May 2023 569
At 31 May 2022 315

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.23 31.5.22
£    £   
Trade debtors 1,355 -

Cynaroides Ltd (Registered number: 11985078)

Notes to the Financial Statements - continued
For The Year Ended 31 May 2023

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.23 31.5.22
£    £   
Trade creditors 1 -
Tax 4,981 7,032
Directors' current accounts 12,224 11,592
Accrued expenses 1,152 1,110
18,358 19,734