Caseware UK (AP4) 2023.0.135 2023.0.135 2023-08-312023-08-31falsetrue22022-09-012Management Consultancy activitiesfalseThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 03364263 2022-09-01 2023-08-31 03364263 2021-09-01 2022-08-31 03364263 2023-08-31 03364263 2022-08-31 03364263 c:Director1 2022-09-01 2023-08-31 03364263 d:CurrentFinancialInstruments 2023-08-31 03364263 d:CurrentFinancialInstruments 2022-08-31 03364263 d:CurrentFinancialInstruments d:WithinOneYear 2023-08-31 03364263 d:CurrentFinancialInstruments d:WithinOneYear 2022-08-31 03364263 d:ShareCapital 2023-08-31 03364263 d:ShareCapital 2022-08-31 03364263 d:RetainedEarningsAccumulatedLosses 2023-08-31 03364263 d:RetainedEarningsAccumulatedLosses 2022-08-31 03364263 c:OrdinaryShareClass1 2022-09-01 2023-08-31 03364263 c:OrdinaryShareClass1 2023-08-31 03364263 c:OrdinaryShareClass1 2022-08-31 03364263 c:FRS102 2022-09-01 2023-08-31 03364263 c:AuditExempt-NoAccountantsReport 2022-09-01 2023-08-31 03364263 c:FullAccounts 2022-09-01 2023-08-31 03364263 c:PrivateLimitedCompanyLtd 2022-09-01 2023-08-31 03364263 e:PoundSterling 2022-09-01 2023-08-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 03364263









SYNSEMETRICS LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 AUGUST 2023

 
SYNSEMETRICS LIMITED
REGISTERED NUMBER: 03364263

BALANCE SHEET
AS AT 31 AUGUST 2023

2023
2022
Note
£
£

  

Current assets
  

Debtors: amounts falling due within one year
 5 
8,067
11,963

Cash at bank and in hand
  
41,423
95,614

  
49,490
107,577

Creditors: amounts falling due within one year
 6 
(12,168)
(83,781)

Net current assets
  
 
 
37,322
 
 
23,796

Total assets less current liabilities
  
37,322
23,796

  

Net assets
  
37,322
23,796


Capital and reserves
  

Called up share capital 
 7 
150
150

Profit and loss account
  
37,172
23,646

  
37,322
23,796


Page 1

 
SYNSEMETRICS LIMITED
REGISTERED NUMBER: 03364263
    
BALANCE SHEET (CONTINUED)
AS AT 31 AUGUST 2023

The Directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The Directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

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

The Company has opted not to file the profit and loss account in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the Board and were signed on its behalf by: 




S. F. Blinkhorn
Director

Date: 11 March 2024

The notes on pages 3 to 6 form part of these financial statements.

Page 2

 
SYNSEMETRICS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2023

1.


General information

Synsemetrics Limited is a private company limited by shares and incoporated in England & Wales under the Companies Act 2006. The address of the registered office and the principal activity of the company are provided on the Company information page.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.3

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

 
2.4

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

Page 3

 
SYNSEMETRICS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2023

2.Accounting policies (continued)

 
2.5

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. 

 
2.6

Creditors

Short term creditors are measured at the transaction price.

 
2.7

Financial instruments

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the Company's Balance Sheet when the Company becomes party to the contractual provisions of the instrument.

Basic financial assets

Basic financial assets, which include trade and other receivables, cash and bank balances, are initially measured at their transaction price including transaction costs and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, 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.

Discounting is omitted where the effect of discounting is immaterial. The Company's cash and cash equivalents, trade and most other receivables due with the operating cycle fall into this category of financial instruments.

Page 4

 
SYNSEMETRICS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2023

2.Accounting policies (continued)


3.


Judgments in applying accounting policies and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgments, estimates and assumptions that affect the amounts reported for assets and liabilities as at the balance sheet date and the amounts reported for revenues and expenses during the year. The nature of estimation means the actual outcomes could differ from those estimates. 


4.


Employees




The average monthly number of employees, including directors, during the year was 2 (2022 - 2).


5.


Debtors

2023
2022
£
£


Trade debtors
8,032
11,928

Other debtors
35
35

8,067
11,963



6.


Creditors: Amounts falling due within one year

2023
2022
£
£

Trade creditors
2,259
76,155

Corporation tax
3,173
3,045

Other taxation and social security
237
670

Other creditors
4,454
1,911

Accruals and deferred income
2,045
2,000

12,168
83,781


Page 5

 
SYNSEMETRICS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2023

7.


Share capital

2023
2022
£
£
Allotted, called up and fully paid



150 (2022 - 150) Ordinary shares of £1.00 each
150
150

During the year dividends amounting to £Nil (2022: £Nil) per share were paid.



8.


Related party transactions

The Company is related by common control to Psychometric Research & Development Limited.
During the year, the Company was charged £18,960 
(2022: £17,790) by Psychometric Research & Development in respect of royalties and license fees.


9.


Controlling party

The ultimate controlling party in the current and comparative year is S. F. Blinkhorn by virtue of his majority shareholding.

 
Page 6