Acorah Software Products - Accounts Production 15.0.600 false true 31 March 2023 1 April 2022 false 1 April 2023 31 March 2024 31 March 2024 03952704 Mr William Currie Ms Nicola Watson Mr David Murfitt iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 03952704 2023-03-31 03952704 2024-03-31 03952704 2023-04-01 2024-03-31 03952704 frs-core:CurrentFinancialInstruments 2024-03-31 03952704 frs-core:Non-currentFinancialInstruments 2024-03-31 03952704 frs-core:CopyrightsPatentsTrademarksServiceOperatingRights 2024-03-31 03952704 frs-core:CopyrightsPatentsTrademarksServiceOperatingRights 2023-04-01 2024-03-31 03952704 frs-core:CopyrightsPatentsTrademarksServiceOperatingRights 2023-03-31 03952704 frs-core:InvestmentPropertyIncludedWithinPPE 2023-04-01 2024-03-31 03952704 frs-core:PlantMachinery 2024-03-31 03952704 frs-core:PlantMachinery 2023-04-01 2024-03-31 03952704 frs-core:PlantMachinery 2023-03-31 03952704 frs-core:ShareCapital 2024-03-31 03952704 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31 03952704 frs-bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 03952704 frs-bus:FilletedAccounts 2023-04-01 2024-03-31 03952704 frs-bus:SmallEntities 2023-04-01 2024-03-31 03952704 frs-bus:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 03952704 frs-bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 03952704 frs-bus:Director1 2023-04-01 2024-03-31 03952704 frs-bus:Director2 2023-04-01 2024-03-31 03952704 frs-bus:CompanySecretary1 2023-04-01 2024-03-31 03952704 frs-countries:EnglandWales 2023-04-01 2024-03-31 03952704 2022-03-31 03952704 2023-03-31 03952704 2022-04-01 2023-03-31 03952704 frs-core:CurrentFinancialInstruments 2023-03-31 03952704 frs-core:Non-currentFinancialInstruments 2023-03-31 03952704 frs-core:ShareCapital 2023-03-31 03952704 frs-core:RetainedEarningsAccumulatedLosses 2023-03-31
Registered number: 03952704
Syrenis Limited
Unaudited Financial Statements
For The Year Ended 31 March 2024
Contents
Page
Statement of Financial Position 1—2
Notes to the Financial Statements 3—5
Page 1
Statement of Financial Position
Registered number: 03952704
2024 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 128,370 141,593
Tangible Assets 5 35,830 35,647
164,200 177,240
CURRENT ASSETS
Debtors 6 1,553,263 1,343,204
Cash at bank and in hand 2,127,170 1,863,192
3,680,433 3,206,396
Creditors: Amounts Falling Due Within One Year 7 (2,697,791 ) (2,200,971 )
NET CURRENT ASSETS (LIABILITIES) 982,642 1,005,425
TOTAL ASSETS LESS CURRENT LIABILITIES 1,146,842 1,182,665
Creditors: Amounts Falling Due After More Than One Year 8 (8,945 ) (71,754 )
PROVISIONS FOR LIABILITIES
Deferred Taxation 9 (16,471 ) (22,361 )
NET ASSETS 1,121,426 1,088,550
CAPITAL AND RESERVES
Called up share capital 10 300 300
Income Statement 1,121,126 1,088,250
SHAREHOLDERS' FUNDS 1,121,426 1,088,550
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Page 2
For the year ending 31 March 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 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Income Statement.
On behalf of the board
Ms Nicola Watson
Director
30/08/2024
The notes on pages 3 to 5 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Syrenis Limited is a private company, limited by shares, incorporated in England & Wales, registered number 03952704 . The registered office is Vanguard House, Keckwick Lane, Daresbury, Warrington, WA4 4AB.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover represents amounts receivable for goods and services net of VAT and trade discounts. Contract work is accrued to profit or loss over its contractual life.
2.3. Intangible Fixed Assets and Amortisation - Intellectual Property
Intellectual property assets consist of a domain name and associated rights. The intellectual property is amortised to the income statement over its estimated economic life of 10 years.
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 25% on cost
2.5. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the statement of financial position date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
2.6. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other year and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and asset reflects the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 48 (2023: 37)
48 37
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4. Intangible Assets
Intellectual Property
£
Cost
As at 1 April 2023 165,880
Additions 3,606
As at 31 March 2024 169,486
Amortisation
As at 1 April 2023 24,287
Provided during the period 16,829
As at 31 March 2024 41,116
Net Book Value
As at 31 March 2024 128,370
As at 1 April 2023 141,593
5. Tangible Assets
Plant & Machinery
£
Cost
As at 1 April 2023 100,972
Additions 12,115
As at 31 March 2024 113,087
Depreciation
As at 1 April 2023 65,325
Provided during the period 11,932
As at 31 March 2024 77,257
Net Book Value
As at 31 March 2024 35,830
As at 1 April 2023 35,647
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 1,055,962 865,661
Prepayments and accrued income 311,810 130,725
Other debtors 8,357 6,121
Corporation tax recoverable assets 177,134 340,697
1,553,263 1,343,204
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7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 110,902 113,755
Bank loans and overdrafts 54,249 49,774
Other taxes and social security 98,635 97,694
VAT 25,342 10,332
Accruals and deferred income 2,408,663 1,929,416
2,697,791 2,200,971
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 8,945 71,754
9. Deferred Taxation
The below comprises a deferred tax liability in respect of fixed asset timing differences of £27,951 (2023: £22,959) and a deferred tax asset for short-term timing differences of £11,480 (2023: £598). 
2024 2023
£ £
Other timing differences 16,471 22,361
10. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 300 300
The company has a share option scheme in place for certain employees (including directors). Options have been granted over C ordinary, D ordinary, E ordinary and F ordinary shares in the capital in the company wih an exercise price of £0.0001 per share. The options are exercisable on a sale or listing of the company or certain other events. As at 31 March 2024, options are outstanding over 200,000 C ordinary shares, 96,704 D ordinary shares, 102,730 E ordinary shares and 78,433 F ordinary shares.
11. Related Party Transactions
During the year the company incurred consultancy fees of £77,385 (2023: £58,255) from a company controlled by the company secretary.
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