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
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
Cyra Group Ltd
Statement of financial position
as at 31 March 2024
Intangible assets
4,593
6,233
Tangible assets
4,876
9,107
Cash at bank and in hand
4,345
9,197
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)
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
Cyra Group Ltd
Notes to the Accounts
for the year ended 31 March 2024
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
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
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 (including purchased goodwill and patents) are included at cost less accumulated amortisation. Amortised at 20% SL
Cyra Group Ltd
Notes to the Accounts
for the year ended 31 March 2024
4
Intangible fixed assets
Other
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
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
At 31 March 2024
1,071
3,234
571
4,876
At 31 March 2023
2,143
5,822
1,142
9,107
Amounts falling due within one year
Trade debtors
11,728
15,357
Deferred tax asset
2,159
1,356
Accrued income and prepayments
-
294
7
Creditors: amounts falling due within one year
2024
2023
Taxes and social security
6
3,318
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).