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REGISTERED NUMBER: 04682720 (England and Wales)














Syresham Engineering Services Limited

Unaudited Financial Statements

for the Year Ended 31 March 2024






Syresham Engineering Services Limited (Registered number: 04682720)

Contents of the Financial Statements
for the Year Ended 31 March 2024










Page

Company information 1

Chartered accountants' report 2

Statement of financial position 3

Notes to the financial statements 5


Syresham Engineering Services Limited

Company Information
for the Year Ended 31 March 2024







Directors: Mrs M Lowery
Mr S Lowery





Registered office: Kotila
Euximoor Drove
Christchurch
Wisbech
Cambridgeshire
PE14 9LT





Registered number: 04682720 (England and Wales)





Accountants: Moore Thompson
Monica House
St Augustines Road
Wisbech
Cambridgeshire
PE13 3AD

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Syresham Engineering Services Limited


The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Statement of financial position. Readers are cautioned that the Income statement and certain other primary statements and the Directors' report are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Syresham Engineering Services Limited for the year ended 31 March 2024 which comprise the Income statement, Statement of financial position and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Syresham Engineering Services Limited, as a body, in accordance with the terms of our engagement letter dated 6 August 2018. Our work has been undertaken solely to prepare for your approval the financial statements of Syresham Engineering Services Limited and state those matters that we have agreed to state to the Board of Directors of Syresham Engineering Services Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Syresham Engineering Services Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Syresham Engineering Services Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Syresham Engineering Services Limited. You consider that Syresham Engineering Services Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Syresham Engineering Services Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Moore Thompson
Monica House
St Augustines Road
Wisbech
Cambridgeshire
PE13 3AD


Date: .............................................

Syresham Engineering Services Limited (Registered number: 04682720)

Statement of Financial Position
31 March 2024

2024 2023
Notes £    £    £    £   
Fixed assets
Tangible assets 5 191,933 192,501

Current assets
Debtors 6 307,370 217,972
Cash at bank 68,764 117,406
376,134 335,378
Creditors
Amounts falling due within one year 7 87,482 59,711
Net current assets 288,652 275,667
Total assets less current liabilities 480,585 468,168

Provisions for liabilities 9,977 10,119
Net assets 470,608 458,049

Capital and reserves
Called up share capital 100 100
Retained earnings 470,508 457,949
470,608 458,049

Syresham Engineering Services Limited (Registered number: 04682720)

Statement of Financial Position - continued
31 March 2024


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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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 Income statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 30 October 2024 and were signed on its behalf by:




Mr S Lowery - Director



Mrs M Lowery - Director


Syresham Engineering Services Limited (Registered number: 04682720)

Notes to the Financial Statements
for the Year Ended 31 March 2024


1. Statutory information

Syresham Engineering Services 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.

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

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - Not depreciated
Plant and machinery - 15% on reducing balance
Motor vehicles - 15% on reducing balance

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Syresham Engineering Services Limited (Registered number: 04682720)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024


4. Employees and directors

The average number of employees during the year was 3 (2023 - 3 ) .

5. Tangible fixed assets
Freehold Plant and Motor
property machinery vehicles Totals
£    £    £    £   
Cost
At 1 April 2023 160,681 55,505 22,555 238,741
Additions - 14,968 - 14,968
Disposals - (6,617 ) (18,555 ) (25,172 )
At 31 March 2024 160,681 63,856 4,000 228,537
Depreciation
At 1 April 2023 - 30,491 15,749 46,240
Charge for year - 4,745 129 4,874
Eliminated on disposal - (1,903 ) (12,607 ) (14,510 )
At 31 March 2024 - 33,333 3,271 36,604
Net book value
At 31 March 2024 160,681 30,523 729 191,933
At 31 March 2023 160,681 25,014 6,806 192,501

6. Debtors: amounts falling due within one year
2024 2023
£    £   
Trade debtors 201,783 103,384
Factoring advances 11,364 10,362
Factoring agreements 2,005 1,829
Directors' loan accounts 91,745 102,048
Prepayments 473 349
307,370 217,972

7. Creditors: amounts falling due within one year
2024 2023
£    £   
Trade creditors 4,333 12,979
Tax 37,763 21,210
Social security and other taxes 1,348 1,689
VAT 38,701 18,938
Accrued expenses 5,337 4,895
87,482 59,711

8. Directors' advances, credits and guarantees

During the year the company made a loan to the directors. Amounts loaned to the directors totalled £120,752 (2023: £128,571). Amounts repaid by the directors totalled £131,055 (£2023: £111,523). The amount outstanding at the balance sheet date, included in other debtors, was £91,745 (2023: £102,048) which was repaid on 31 August 2024.