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Company Registration No. 09482710 (England and Wales)
Symbius Urban Works Limited Unaudited accounts for the year ended 31 March 2024
Symbius Urban Works Limited Unaudited accounts Contents
Page
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Symbius Urban Works Limited Company Information for the year ended 31 March 2024
Directors
Richard Miller Samantha Miller
Company Number
09482710 (England and Wales)
Registered Office
The Courtyard 10 Beech Park Walter's Ash High Wycombe Bucks HP14 4XL United Kingdom
Accountants
Lane Accounting Limited Denmark House, 143 High St, Chalfont St Peter, Gerrards Cross Buckinghamshire SL9 9QL
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Symbius Urban Works Limited Statement of financial position as at 31 March 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
54,419 
41,269 
Current assets
Debtors
171,372 
269,735 
Cash at bank and in hand
80,781 
23 
252,153 
269,758 
Creditors: amounts falling due within one year
(146,568)
(199,362)
Net current assets
105,585 
70,396 
Total assets less current liabilities
160,004 
111,665 
Creditors: amounts falling due after more than one year
(11,387)
(25,881)
Provisions for liabilities
Deferred tax
(13,605)
(8,001)
Net assets
135,012 
77,783 
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
135,011 
77,782 
Shareholders' funds
135,012 
77,783 
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 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 9 July 2024 and were signed on its behalf by
Samantha Miller Director Company Registration No. 09482710
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Symbius Urban Works Limited Notes to the Accounts for the year ended 31 March 2024
1
Statutory information
Symbius Urban Works Limited is a private company, limited by shares, registered in England and Wales, registration number 09482710. The registered office is The Courtyard 10 Beech Park, Walter's Ash, High Wycombe, Bucks, HP14 4XL, 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.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
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:
Motor vehicles
25% per annum reducing balance
Fixtures & fittings
25% per annum reducing balance
Computer equipment
25% per annum reducing balance
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
Leased assets
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term. Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
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Symbius Urban Works Limited Notes to the Accounts for the year ended 31 March 2024
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
4
Tangible fixed assets
Motor vehicles 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 April 2023
116,791 
3,883 
9,717 
130,391 
Additions
26,628 
3,837 
825 
31,290 
Disposals
(18,995)
- 
- 
(18,995)
At 31 March 2024
124,424 
7,720 
10,542 
142,686 
Depreciation
At 1 April 2023
81,531 
1,737 
5,854 
89,122 
Charge for the year
15,472 
1,496 
1,172 
18,140 
On disposals
(18,995)
- 
- 
(18,995)
At 31 March 2024
78,008 
3,233 
7,026 
88,267 
Net book value
At 31 March 2024
46,416 
4,487 
3,516 
54,419 
At 31 March 2023
35,260 
2,146 
3,863 
41,269 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
VAT
- 
15,083 
Trade debtors
90,330 
92,569 
Accrued income and prepayments
81,042 
162,083 
171,372 
269,735 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
8,481 
19,374 
VAT
14,640 
- 
Obligations under finance leases and hire purchase contracts
6,619 
8,512 
Trade creditors
10,008 
42,562 
Taxes and social security
40,194 
7,312 
Other creditors
1,028 
1,745 
Loans from directors
63,746 
118,057 
Accruals
1,852 
1,800 
146,568 
199,362 
Creditors include bank loans and overdrafts and net obligations under finance lease and hire purchase contracts which are secured of £15,099 (2023 £27,886). The bank loans and overdrafts are secured by a fixed and floating charge over the company's assets. The finance leases are secured on the assets concerned.
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Symbius Urban Works Limited Notes to the Accounts for the year ended 31 March 2024
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
11,387 
19,262 
Obligations under finance leases and hire purchase contracts
- 
6,619 
11,387 
25,881 
Creditors include bank loans and net obligations under finance lease and hire purchase contracts which are secured of £11,387 (2023 £25,881). The bank loans are secured by a fixed and floating charge over the company's assets. The finance leases are secured on the assets concerned.
8
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
100 Ordinary shares of £0.01 each
1 
1 
9
Operating lease commitments
2024 
2023 
£ 
£ 
At 31 March 2024 the company had the following future minimum lease payments under non-cancellable operating leases for each of the following periods:
Not later than one year
15,912 
- 
Later than one year and not later than five years
25,195 
- 
41,107 
- 
10
Loans to directors
As at 31 March 2024, R and S Miller were owed £63,746 by the company (2023 - £118,057). This is an interest-bearing loan that is repayable on demand. During the year £1,181 interest was charged by the directors to the company.
11
Average number of employees
During the year the average number of employees was 8 (2023: 9).
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