IRIS Accounts Production v24.3.0.553 07244658 Board of Directors 1.6.23 31.5.24 31.5.24 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh072446582023-05-31072446582024-05-31072446582023-06-012024-05-31072446582022-05-31072446582022-06-012023-05-31072446582023-05-3107244658ns15:EnglandWales2023-06-012024-05-3107244658ns14:PoundSterling2023-06-012024-05-3107244658ns10:Director12023-06-012024-05-3107244658ns10:PrivateLimitedCompanyLtd2023-06-012024-05-3107244658ns10:SmallEntities2023-06-012024-05-3107244658ns10:AuditExempt-NoAccountantsReport2023-06-012024-05-3107244658ns10:SmallCompaniesRegimeForDirectorsReport2023-06-012024-05-3107244658ns10:SmallCompaniesRegimeForAccounts2023-06-012024-05-3107244658ns10:FullAccounts2023-06-012024-05-3107244658ns10:Director22023-06-012024-05-3107244658ns10:RegisteredOffice2023-06-012024-05-3107244658ns5:CurrentFinancialInstruments2024-05-3107244658ns5:CurrentFinancialInstruments2023-05-3107244658ns5:ShareCapital2024-05-3107244658ns5:ShareCapital2023-05-3107244658ns5:RetainedEarningsAccumulatedLosses2024-05-3107244658ns5:RetainedEarningsAccumulatedLosses2023-05-3107244658ns5:PlantMachinery2023-06-012024-05-3107244658ns5:PlantMachinery2023-05-3107244658ns5:PlantMachinery2024-05-3107244658ns5:PlantMachinery2023-05-3107244658ns5:WithinOneYearns5:CurrentFinancialInstruments2024-05-3107244658ns5:WithinOneYearns5:CurrentFinancialInstruments2023-05-31
REGISTERED NUMBER: 07244658 (England and Wales)









UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2024

FOR

CYBERFIN LIMITED

CYBERFIN LIMITED (REGISTERED NUMBER: 07244658)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


CYBERFIN LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MAY 2024







DIRECTORS: G W Ross
Mrs I B Ross





REGISTERED OFFICE: Manor House
Lanlivery
BODMIN
Cornwall
PL30 5BT





REGISTERED NUMBER: 07244658 (England and Wales)





ACCOUNTANTS: TC Group
The Old Carriage Works
Moresk Road
Truro
Cornwall
TR1 1DG

CYBERFIN LIMITED (REGISTERED NUMBER: 07244658)

BALANCE SHEET
31 MAY 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 5 1,086 3,721

CURRENT ASSETS
Debtors 6 - 3,600
Cash at bank 46,877 27,434
46,877 31,034
CREDITORS
Amounts falling due within one year 7 (29,600 ) (22,727 )
NET CURRENT ASSETS 17,277 8,307
TOTAL ASSETS LESS CURRENT
LIABILITIES

18,363

12,028

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 18,361 12,026
SHAREHOLDERS' FUNDS 18,363 12,028

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2024 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 Profit and loss account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 7 October 2024 and were signed on its behalf by:




G W Ross - Director


CYBERFIN LIMITED (REGISTERED NUMBER: 07244658)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

1. STATUTORY INFORMATION

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

Revenue for provision of services is recognised when it is probable that an economic benefit will flow to the entity and the revenue and costs can be reliably measured. For continuing services, revenue is recognised when the stage of completion can be reliably measured using a percentage of completion method.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on cost and 20% on cost

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and loss account, 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.

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.

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.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

CYBERFIN LIMITED (REGISTERED NUMBER: 07244658)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2024

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 June 2023
and 31 May 2024 57,172
DEPRECIATION
At 1 June 2023 53,451
Charge for year 2,635
At 31 May 2024 56,086
NET BOOK VALUE
At 31 May 2024 1,086
At 31 May 2023 3,721

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors - 3,600

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Taxation and social security 12,959 12,342
Other creditors 16,641 10,385
29,600 22,727

8. ULTIMATE CONTROLLING PARTY

The company is ultimately controlled by Mr G and Mrs I Ross, directors, who together own 100% of the issued share capital.