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REGISTERED NUMBER: 02690873 (England and Wales)













Unaudited Financial Statements

For The Year Ended 31 December 2023

for

SYNTAX INTEGRATION LIMITED

SYNTAX INTEGRATION LIMITED (REGISTERED NUMBER: 02690873)






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


SYNTAX INTEGRATION LIMITED

Company Information
For The Year Ended 31 December 2023







DIRECTORS: A. Al-Och
T. S. Parker





SECRETARY: A. Al-Och





REGISTERED OFFICE: 15-16 Seymour Mews
London
W1H 6BG





REGISTERED NUMBER: 02690873 (England and Wales)





ACCOUNTANTS: Ayman Tyler Associates
Accountants & Tax Advisers
79 College Road
Harrow
Middlesex
HA1 1BD

SYNTAX INTEGRATION LIMITED (REGISTERED NUMBER: 02690873)

Balance Sheet
31 December 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 6,959 11,995
6,959 11,995

CURRENT ASSETS
Debtors 6 555,316 733,671
Cash at bank 300,138 339,640
855,454 1,073,311
CREDITORS
Amounts falling due within one year 7 538,536 696,914
NET CURRENT ASSETS 316,918 376,397
TOTAL ASSETS LESS CURRENT
LIABILITIES

323,877

388,392

CREDITORS
Amounts falling due after more than one year 8 139,581 201,638
NET ASSETS 184,296 186,754

CAPITAL AND RESERVES
Called up share capital 85,000 85,000
Retained earnings 99,296 101,754
SHAREHOLDERS' FUNDS 184,296 186,754

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.

SYNTAX INTEGRATION LIMITED (REGISTERED NUMBER: 02690873)

Balance Sheet - continued
31 December 2023


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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 10 June 2024 and were signed on its behalf by:




A. Al-Och - Director



T. S. Parker - Director


SYNTAX INTEGRATION LIMITED (REGISTERED NUMBER: 02690873)

Notes to the Financial Statements
For The Year Ended 31 December 2023

1. STATUTORY INFORMATION

Syntax Integration Limited 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.

2. ACCOUNTING POLICIES

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

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2000, is being amortised evenly over its estimated useful life of five years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Patents and licences are being amortised evenly over their estimated useful life of nil years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery etc - 33% on reducing balance and 33% on cost

Taxation
Taxation for the year comprises current and deferred tax. Tax 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 or deferred taxation assets and liabilities are not discounted.

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.


SYNTAX INTEGRATION LIMITED (REGISTERED NUMBER: 02690873)

Notes to the Financial Statements - continued
For The Year Ended 31 December 2023

2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 23 (2022 - 26 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
Goodwill assets Totals
£    £    £   
COST
At 1 January 2023
and 31 December 2023 73,950 15,500 89,450
AMORTISATION
At 1 January 2023
and 31 December 2023 73,950 15,500 89,450
NET BOOK VALUE
At 31 December 2023 - - -
At 31 December 2022 - - -

SYNTAX INTEGRATION LIMITED (REGISTERED NUMBER: 02690873)

Notes to the Financial Statements - continued
For The Year Ended 31 December 2023

5. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 January 2023 13,606 340,141 353,747
Additions - 1,403 1,403
At 31 December 2023 13,606 341,544 355,150
DEPRECIATION
At 1 January 2023 10,671 331,081 341,752
Charge for year 2,144 4,295 6,439
At 31 December 2023 12,815 335,376 348,191
NET BOOK VALUE
At 31 December 2023 791 6,168 6,959
At 31 December 2022 2,935 9,060 11,995

Fixed assets, included in the above, which are held under hire purchase contracts or finance leases are as follows:

Plant and
machinery
etc
£   
COST
At 1 January 2023
and 31 December 2023 10,469
DEPRECIATION
At 1 January 2023
and 31 December 2023 10,427
NET BOOK VALUE
At 31 December 2023 42
At 31 December 2022 42

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade debtors 468,878 641,757
Other debtors 86,438 91,914
555,316 733,671

SYNTAX INTEGRATION LIMITED (REGISTERED NUMBER: 02690873)

Notes to the Financial Statements - continued
For The Year Ended 31 December 2023

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade creditors 204,308 196,296
Taxation and social security 71,458 93,010
Other creditors 262,770 407,608
538,536 696,914

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.12.23 31.12.22
£    £   
Other creditors 139,581 201,638

9. LOANS

An analysis of the maturity of loans is given below:

31.12.23 31.12.22
£    £   
Amounts falling due between one and two years:
Other loans - 1-2 years 67,000 67,000

Amounts falling due between two and five years:
Other loans - 2-5 years 72,581 134,638

The company signed an initial 5 year CBILS loan agreement on 10th September 2020 for a loan of £156,665 with Funding Circle followed by another 5 year CBILS loan agreement on 22nd April 2021 for a loan of £107,000.

10. OTHER FINANCIAL COMMITMENTS

The company entered into a 10 year lease agreement commencing November 2018 for the premises at 15/16 Seymour Mews, London, W1 at an annual rental of £130,000.