SYNTEK IT LIMITED

Company Registration Number:
13850974 (England and Wales)

Unaudited statutory accounts for the year ended 31 January 2024

Period of accounts

Start date: 01 February 2023

End date: 31 January 2024

SYNTEK IT LIMITED

Contents of the Financial Statements

for the Period Ended 31 January 2024

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

SYNTEK IT LIMITED

Company Information

for the Period Ended 31 January 2024




Director: Taiwo Oyewo
Registered office: 107
Burdett Road
London
England
E3 4JN
Company Registration Number: 13850974 (England and Wales)

SYNTEK IT LIMITED

Directors' Report Period Ended 31 January 2024

The directors present their report with the financial statements of the company for the period ended 31 January 2024

Directors

The directors shown below have held office during the whole of the period from 01 February 2023 to 31 January 2024
Taiwo Oyewo

This report was approved by the board of directors on 15 March 2024
And Signed On Behalf Of The Board By:

Name: Taiwo Oyewo
Status: Director

SYNTEK IT LIMITED

Profit and Loss Account

for the Period Ended 31 January 2024


Notes

2024
£
13 months to
31 Jan 2023
£
Turnover 120,302 30,201
Cost of sales ( 34,536 ) ( 5,822 )
Gross Profit or (Loss) 85,766 24,379
Administrative Expenses ( 41,145 ) ( 13,682 )
Operating Profit or (Loss) 44,621 10,697
Profit or (Loss) Before Tax 44,621 10,697
Tax on Profit ( 8,478 ) ( 2,032 )
Profit or (Loss) for Period 36,143 8,665

The notes form part of these financial statements

SYNTEK IT LIMITED

Balance sheet

As at 31 January 2024


Notes

2024
£
13 months to
31 Jan 2023
£
Fixed assets
Tangible assets: 4 16,001 17,624
Total fixed assets: 16,001 17,624
Current assets
Cash at bank and in hand: 3,289 2,533
Total current assets: 3,289 2,533
Creditors: amounts falling due within one year: 5 ( 8,481 ) ( 11,491 )
Net current assets (liabilities): ( 5,192 ) ( 8,958 )
Total assets less current liabilities: 10,809 8,666
Total net assets (liabilities): 10,809 8,666

The notes form part of these financial statements

SYNTEK IT LIMITED

Balance sheet continued

As at 31 January 2024


Notes

2024
£
13 months to
31 Jan 2023
£
Capital and reserves
Called up share capital: 1 1
Profit and loss account: 10,808 8,665
Shareholders funds: 10,809 8,666

For the year ending 31 January 2024 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 15 March 2024
And Signed On Behalf Of The Board By:

Name: Taiwo Oyewo
Status: Director

The notes form part of these financial statements

SYNTEK IT LIMITED

Notes to the Financial Statements

for the Period Ended 31 January 2024

  • 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

SYNTEK IT LIMITED

Notes to the Financial Statements

for the Period Ended 31 January 2024

  • 2. Employees


    2024
    13 months to
    31 Jan 2023
    Average number of employees during the period 1 1

SYNTEK IT LIMITED

Notes to the Financial Statements

for the Period Ended 31 January 2024

  • 3. Off balance sheet disclosure

    No

SYNTEK IT LIMITED

Notes to the Financial Statements

for the Period Ended 31 January 2024

4. Tangible assets

Fixtures & fittings Motor vehicles Total
Cost £ £ £
At 01 February 2023 594 20,899 21,493
Additions 1,890 - 1,890
Disposals - - -
Revaluations - - -
Transfers - - -
At 31 January 2024 2,484 20,899 23,383
Depreciation
At 01 February 2023 107 3,762 3,869
Charge for year 428 3,085 3,513
On disposals - - -
Other adjustments - - -
At 31 January 2024 535 6,847 7,382
Net book value
At 31 January 2024 1,949 14,052 16,001
At 31 January 2023 487 17,137 17,624

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value,over the useful economic life of that asset as follows:
Fittings fixtures and equipment - 18% reducing balance
Motor vehicles - 18% reducing balance.

SYNTEK IT LIMITED

Notes to the Financial Statements

for the Period Ended 31 January 2024

5.Creditors: amounts falling due within one year note


2024
£
13 months to
31 Jan 2023
£
Taxation and social security 8,478 2,032
Other creditors 3 9,459
Total 8,481 11,491