Simbiotica Limited
Unaudited Financial Statements
For the year ended 31 December 2023
Pages for Filing with Registrar
Company Registration No. 09290463 (England and Wales)
Simbiotica Limited
Contents
Page
Balance sheet
1
Notes to the financial statements
2 - 4
Simbiotica Limited
Balance Sheet
As at 31 December 2023
Page 1
2023
2022
Notes
£
£
£
£
Fixed assets
Tangible assets
3
392
669
Current assets
Debtors
4
117,648
105,956
Cash at bank and in hand
19,952
19,302
137,600
125,258
Creditors: amounts falling due within one year
5
(17,538)
(14,994)
Net current assets
120,062
110,264
Net assets
120,454
110,933
Capital and reserves
Called up share capital
6
1
1
Profit and loss reserves
120,453
110,932
Total equity
120,454
110,933
The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true
For the financial year ended 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
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 members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The financial statements were approved by the board of directors and authorised for issue on 22 July 2024 and are signed on its behalf by:
D Gonzalez
Director
Company Registration No. 09290463
Simbiotica Limited
Notes to the Financial Statements
For the year ended 31 December 2023
Page 2
1
Accounting policies
1.1
Accounting convention
These financial statements have been prepared in accordance with section 1A of FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.
The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.
1.2
Turnover
Turnover represents amounts receivable for consultancy services net of VAT.
1.3
Tangible fixed assets
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.
Computer equipment 33.33% straight line method
1.4
Cash and cash equivalents
Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.
1.5
Financial instruments
Basic financial assets
Basic financial assets, which include trade and other receivables and cash and bank balances, are initially measured at the amount receivable and subsequently adjusted for any impairment or other change in consideration expected to be received on settlement.
Basic financial liabilities
Basic financial liabilities, including trade and other payables, are initially measured at the amount payable and subsequently adjusted for any change in consideration expected to be paid on settlement.
Changes in the fair value of derivatives that are designated and qualify as fair value hedges are recognised in profit or loss immediately, together with any changes in the fair value of the hedged asset or liability that are attributable to the hedged risk.
1.6
Retirement benefits
Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.
1.7
Leases
Rentals payable under operating leases, including any lease incentives received, are charged to income on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the lease asset are consumed.
Simbiotica Limited
Notes to the Financial Statements (Continued)
For the year ended 31 December 2023
Page 3
2
Employees
The average monthly number of persons (including directors) employed by the company during the year was:
2023
2022
Number
Number
Total
5
4
3
Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 January 2023 and 31 December 2023
6,001
Depreciation and impairment
At 1 January 2023
5,332
Depreciation charged in the year
277
At 31 December 2023
5,609
Carrying amount
At 31 December 2023
392
At 31 December 2022
669
4
Debtors
2023
2022
Amounts falling due within one year:
£
£
Amounts owed by group undertakings
117,372
101,990
Other debtors
276
3,929
Prepayments and accrued income
37
117,648
105,956
Simbiotica Limited
Notes to the Financial Statements (Continued)
For the year ended 31 December 2023
Page 4
5
Creditors: amounts falling due within one year
2023
2022
£
£
Trade creditors
471
Corporation tax
2,290
2,517
Other taxation and social security
9,783
7,957
Other creditors
971
904
Accruals and deferred income
4,494
3,145
17,538
14,994
6
Called up share capital
2023
2022
2023
2022
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary share of £1 each
1
1
1
1
7
Related party transactions
During the year the company provided consultancy services for £320,000 (2022: £294,500) to Simbiotica S.L., the company's parent undertaking.
As at the balance sheet date, the company was owed a net amount of £117,372 (2022: £101,990) by Simbiotica S.L.
8
Parent company
The ultimate controlling party is Simbiotica S.L. by virtue of its 100% shareholding. The parent entity is a company registered in Spain and the registered address is Calle Fuencarrel 123, 28010 Madrid, Spain.