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
Tangible assets
1,258
2,546
Cash at bank and in hand
22,624
25,636
Creditors: amounts falling due within one year
(29,595)
(22,858)
Net current assets
3,719
4,758
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
Sysology Ltd
Notes to the Accounts
for the year ended 31 October 2023
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
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
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
At 31 October 2023
900
6,743
7,643
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
At 31 October 2023
225
1,033
1,258
At 31 October 2022
450
2,096
2,546
Sysology Ltd
Notes to the Accounts
for the year ended 31 October 2023
Amounts falling due within one year
6
Creditors: amounts falling due within one year
2023
2022
Taxes and social security
8,889
1,084
Other creditors
17,555
20,244
7
Average number of employees
During the year the average number of employees was 0 (2022: 1).