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REGISTERED NUMBER: 09356759 (England and Wales)









Unaudited Financial Statements

for the Year Ended 31 December 2023

for

PSYNOVIGO LTD

PSYNOVIGO LTD (REGISTERED NUMBER: 09356759)

Contents of the Financial Statements
FOR THE YEAR ENDED 31 DECEMBER 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


PSYNOVIGO LTD

Company Information
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTORS: D Onu
D Marshall





REGISTERED OFFICE: 3 Southernhay West
Exeter
EX1 1JG





REGISTERED NUMBER: 09356759 (England and Wales)





ACCOUNTANTS: Haines Watts
3 Southernhay West
Exeter
Devon
EX1 1JG

PSYNOVIGO LTD (REGISTERED NUMBER: 09356759)

Balance Sheet
31 DECEMBER 2023

2023 2022
Notes £    £   
FIXED ASSETS
Tangible assets 5 1 16

CURRENT ASSETS
Debtors 6 3,060 1,304
Cash at bank 2,650 2,777
5,710 4,081
CREDITORS
Amounts falling due within one year 7 (3,709 ) (3,838 )
NET CURRENT ASSETS 2,001 243
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,002

259

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 2,000 257
SHAREHOLDERS' FUNDS 2,002 259

PSYNOVIGO LTD (REGISTERED NUMBER: 09356759)

Balance Sheet - continued
31 DECEMBER 2023


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 13 September 2024 and were signed on its behalf by:





D Marshall - Director


PSYNOVIGO LTD (REGISTERED NUMBER: 09356759)

Notes to the Financial Statements
FOR THE YEAR ENDED 31 DECEMBER 2023


1. STATUTORY INFORMATION

Psynovigo Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. STATEMENT OF COMPLIANCE

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

Turnover
Turnover represents amounts chargeable in respect of the sale of services to customers.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Computer equipment - 20% on cost

Taxation
Taxation for the year comprises current tax, which is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Amounts recoverable on contract
Amounts recoverable on contracts, which are included in debtors are stated at the sales value of work done.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

PSYNOVIGO LTD (REGISTERED NUMBER: 09356759)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 DECEMBER 2023


5. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
At 1 January 2023
and 31 December 2023 744
DEPRECIATION
At 1 January 2023 728
Charge for year 15
At 31 December 2023 743
NET BOOK VALUE
At 31 December 2023 1
At 31 December 2022 16

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 3,060 -
Amounts recoverable on contracts - 1,092
Other debtors - 212
3,060 1,304

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Taxation and social security 434 623
Other creditors 3,275 3,215
3,709 3,838