1 March 2023 false Taxfiler 2024.1 13925689business:PrivateLimitedCompanyLtd2023-03-012024-02-29 139256892023-02-28 139256892023-03-012024-02-29 13925689business:AuditExemptWithAccountantsReport2023-03-012024-02-29 13925689business:FilletedAccounts2023-03-012024-02-29 139256892024-02-29 13925689business:Director12023-03-012024-02-29 13925689business:RegisteredOffice2023-03-012024-02-29 139256892023-02-28 13925689core:WithinOneYear2024-02-29 13925689core:WithinOneYear2023-02-28 13925689core:ShareCapitalcore:PreviouslyStatedAmount2024-02-29 13925689core:ShareCapitalcore:PreviouslyStatedAmount2023-02-28 13925689core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2024-02-29 13925689core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-02-28 13925689core:PreviouslyStatedAmount2024-02-29 13925689core:PreviouslyStatedAmount2023-02-28 13925689business:SmallEntities2023-03-012024-02-29 13925689countries:EnglandWales2023-03-012024-02-29 13925689core:PlantMachinery2023-03-012024-02-29 13925689core:PlantMachinery2023-02-28 13925689core:PlantMachinery2024-02-29 139256892022-03-012023-02-28 iso4217:GBP xbrli:pure
Company Registration No. 13925689 (England and Wales)
Sylo Media Limited Filleted accounts for the year ended 29 February 2024
Sylo Media Limited Filleted accounts Contents
Page
- 2 -
Sylo Media Limited Company Information for the year ended 29 February 2024
Director
Adam Coates
Company Number
13925689 (England and Wales)
Registered Office
128 CITY ROAD LONDON EC1V 2NX UNITED KINGDOM
Accountants
SSJ Accountants Ltd 173A High Street Beckenham Kent BR3 1AH
- 3 -
Chartered Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of Sylo Media Limited for the year ended 29 February 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Sylo Media Limited for the year ended 29 February 2024 as set out on pages 5 - 7 from the company's accounting records and from information and explanations you have given us.
As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at icaew.com/membershandbook.
This report is made solely to the Board of Directors of Sylo Media Limited, as a body, in accordance with the terms of our engagement letter dated 4 April 2022. Our work has been undertaken solely to prepare for your approval the accounts of Sylo Media Limited and state those matters that we have agreed to state to the Board of Directors of Sylo Media Limited, as a body, in this report in accordance with AAF 07/16 as detailed at icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Sylo Media Limited and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that Sylo Media Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Sylo Media Limited. You consider that Sylo Media Limited is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of Sylo Media Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
SSJ Accountants Ltd Chartered Accountants 173A High Street Beckenham Kent BR3 1AH 12 March 2024
- 4 -
Sylo Media Limited Statement of financial position as at 29 February 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
1,437 
1,916 
Current assets
Debtors
1,406 
8,578 
Cash at bank and in hand
19,982 
13,581 
21,388 
22,159 
Creditors: amounts falling due within one year
7,477 
3,849 
Net current assets
28,865 
26,008 
Net assets
30,302 
27,924 
Capital and reserves
Called up share capital
527 
500 
Profit and loss account
29,775 
27,424 
Shareholders' funds
30,302 
27,924 
For the year ending 29 February 2024 the company was entitled to exemption from audit 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 director acknowledges his 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 14 March 2024 and were signed on its behalf by
Adam Coates Director Company Registration No. 13925689
- 5 -
Sylo Media Limited Notes to the Accounts for the year ended 29 February 2024
1
Statutory information
Sylo Media Limited is a private company, limited by shares, registered in England and Wales, registration number 13925689. The registered office is 128 CITY ROAD, LONDON, EC1V 2NX, UNITED KINGDOM.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% Reducing Balance
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services.
4
Tangible fixed assets
Plant & machinery 
£ 
Cost or valuation
At cost 
At 1 March 2023
2,555 
At 29 February 2024
2,555 
Depreciation
At 1 March 2023
639 
Charge for the year
479 
At 29 February 2024
1,118 
Net book value
At 29 February 2024
1,437 
At 28 February 2023
1,916 
- 6 -
Sylo Media Limited Notes to the Accounts for the year ended 29 February 2024
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
1,406 
8,578 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
VAT
2,943 
2,520 
Taxes and social security
8,930 
7,152 
Loans from directors
(19,350)
(13,521)
(7,477)
(3,849)
7
Average number of employees
During the year the average number of employees was 2 (2023: 1).
- 7 -