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Company Registration No. 13298511 (England and Wales)
Cyra Group Ltd Unaudited accounts for the year ended 31 March 2024
Cyra Group Ltd Unaudited accounts Contents
Page
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Cyra Group Ltd Company Information for the year ended 31 March 2024
Director
David John O'Flynn
Company Number
13298511 (England and Wales)
Registered Office
UNIT 25 MOUNT PLEASANT INDUSTRIAL ESTATE SOUTHAMPTON SO14 0SP ENGLAND
Accountants
Accountancy Solutions (Winchester) Limited Trafalgar House 223 Southampton Road Portchester Hampshire PO6 4PY
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Cyra Group Ltd Statement of financial position as at 31 March 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Intangible assets
4,593 
6,233 
Tangible assets
4,876 
9,107 
9,469 
15,340 
Current assets
Inventories
3,172 
8,334 
Debtors
14,173 
18,902 
Cash at bank and in hand
4,345 
9,197 
21,690 
36,433 
Creditors: amounts falling due within one year
(210)
(3,330)
Net current assets
21,480 
33,103 
Total assets less current liabilities
30,949 
48,443 
Creditors: amounts falling due after more than one year
(10,007)
(25,849)
Net assets
20,942 
22,594 
Capital and reserves
Called up share capital
10 
10 
Profit and loss account
20,932 
22,584 
Shareholders' funds
20,942 
22,594 
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 director acknowledges his 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 and authorised for issue on 20 September 2024 and were signed on its behalf by
David John O'Flynn Director Company Registration No. 13298511
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Cyra Group Ltd Notes to the Accounts for the year ended 31 March 2024
1
Statutory information
Cyra Group Ltd is a private company, limited by shares, registered in England and Wales, registration number 13298511. The registered office is UNIT 25 MOUNT PLEASANT INDUSTRIAL ESTATE, SOUTHAMPTON, SO14 0SP, ENGLAND.
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.
Going concern
The directors have confirmed that they will continue to give financial support to the company until such time as its position improves. The directors consider that it is appropriate to prepare the financial statements on a going concern basis. The financial statements do not include any adjustments that would result if the financial support were withdrawn
Presentation currency
The accounts are presented in £ sterling.
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:
Plant & machinery
25% Straight line
Motor vehicles
25% Reducing balance
Fixtures & fittings
25% Straight line
Computer equipment
25% Straight line
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation. Amortised at 20% SL
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Cyra Group Ltd Notes to the Accounts for the year ended 31 March 2024
4
Intangible fixed assets
Other 
£ 
Cost
At 1 April 2023
8,201 
At 31 March 2024
8,201 
Amortisation
At 1 April 2023
1,968 
Charge for the year
1,640 
At 31 March 2024
3,608 
Net book value
At 31 March 2024
4,593 
At 31 March 2023
6,233 
5
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Fixtures & fittings 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 April 2023
4,286 
10,350 
2,284 
16,920 
At 31 March 2024
4,286 
10,350 
2,284 
16,920 
Depreciation
At 1 April 2023
2,143 
4,528 
1,142 
7,813 
Charge for the year
1,072 
2,588 
571 
4,231 
At 31 March 2024
3,215 
7,116 
1,713 
12,044 
Net book value
At 31 March 2024
1,071 
3,234 
571 
4,876 
At 31 March 2023
2,143 
5,822 
1,142 
9,107 
6
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
VAT
(460)
1,895 
Trade debtors
11,728 
15,357 
Deferred tax asset
2,159 
1,356 
Accrued income and prepayments
- 
294 
Other debtors
746 
- 
14,173 
18,902 
7
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Trade creditors
204 
12 
Taxes and social security
6 
3,318 
210 
3,330 
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Cyra Group Ltd Notes to the Accounts for the year ended 31 March 2024
8
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Loans from directors
10,007 
25,849 
9
Average number of employees
During the year the average number of employees was 1 (2023: 1).
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