1 November 2022 false No description of principal activity Taxfiler 2024.4 12938720business:PrivateLimitedCompanyLtd2022-11-012023-10-31 129387202022-10-31 129387202022-11-012023-10-31 12938720business:AuditExemptWithAccountantsReport2022-11-012023-10-31 12938720business:FilletedAccounts2022-11-012023-10-31 129387202023-10-31 129387202022-10-31 12938720core:WithinOneYear2023-10-31 12938720core:WithinOneYear2022-10-31 12938720core:ShareCapitalcore:PreviouslyStatedAmount2023-10-31 12938720core:ShareCapitalcore:PreviouslyStatedAmount2022-10-31 12938720core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-10-31 12938720core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2022-10-31 12938720core:PreviouslyStatedAmount2023-10-31 12938720core:PreviouslyStatedAmount2022-10-31 12938720business:SmallEntities2022-11-012023-10-31 12938720business:Director12022-11-012023-10-31 12938720countries:EnglandWales2022-11-012023-10-31 12938720business:RegisteredOffice2022-11-012023-10-31 12938720core:FurnitureFittings2022-11-012023-10-31 12938720core:ComputerEquipment2022-11-012023-10-31 12938720core:FurnitureFittings2022-10-31 12938720core:ComputerEquipment2022-10-31 12938720core:FurnitureFittings2023-10-31 12938720core:ComputerEquipment2023-10-31 129387202021-11-012022-10-31 iso4217:GBP xbrli:pure
Company Registration No. 12938720 (England and Wales)
Sysology Ltd Unaudited accounts for the year ended 31 October 2023
Sysology Ltd Statement of financial position as at 31 October 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
1,258 
2,546 
Current assets
Debtors
10,690 
1,980 
Cash at bank and in hand
22,624 
25,636 
33,314 
27,616 
Creditors: amounts falling due within one year
(29,595)
(22,858)
Net current assets
3,719 
4,758 
Net assets
4,977 
7,304 
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
4,976 
7,303 
Shareholders' funds
4,977 
7,304 
For the year ending 31 October 2023 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 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 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 of Directors and authorised for issue on 29 July 2024 and were signed on its behalf by
Ms B Cordeiro Pezzano Director Company Registration No. 12938720
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Sysology Ltd Notes to the Accounts for the year ended 31 October 2023
1
Statutory information
Sysology Ltd is a private company, limited by shares, registered in England and Wales, registration number 12938720. The registered office is St Johns Innovation Centre, Cowley Road, Cambridge, CB4 0WS.
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:
Fixtures & fittings
25% Straight line
Computer equipment
33% Straight line
Change of name
During the year the company changed its name from WorkGrow Ltd to Sysology Ltd.
4
Tangible fixed assets
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 November 2022
900 
5,713 
6,613 
Additions
- 
1,030 
1,030 
At 31 October 2023
900 
6,743 
7,643 
Depreciation
At 1 November 2022
450 
3,617 
4,067 
Charge for the year
225 
2,093 
2,318 
At 31 October 2023
675 
5,710 
6,385 
Net book value
At 31 October 2023
225 
1,033 
1,258 
At 31 October 2022
450 
2,096 
2,546 
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Sysology Ltd Notes to the Accounts for the year ended 31 October 2023
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
6,600 
1,980 
Other debtors
4,090 
- 
10,690 
1,980 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Taxes and social security
8,889 
1,084 
Other creditors
17,555 
20,244 
Accruals
3,151 
1,530 
29,595 
22,858 
7
Average number of employees
During the year the average number of employees was 0 (2022: 1).
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