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REGISTERED NUMBER: SC196565 (Scotland)















Unaudited Financial Statements for the Year Ended 31 March 2024

for

SYFA Limited
A Company Limited by Guarantee

SYFA Limited
A Company Limited by Guarantee (Registered number: SC196565)






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




Page

Statement of Financial Position 1

Notes to the Financial Statements 2


SYFA Limited
A Company Limited by Guarantee (Registered number: SC196565)

Statement of Financial Position
31 March 2024

31.3.24 31.3.23
Notes £    £   
FIXED ASSETS
Tangible assets 4 3,376 3,136

CURRENT ASSETS
Debtors 5 28,385 32,575
Cash at bank 114,119 173,246
142,504 205,821
CREDITORS
Amounts falling due within one year 6 (14,705 ) (29,815 )
NET CURRENT ASSETS 127,799 176,006
TOTAL ASSETS LESS CURRENT
LIABILITIES

131,175

179,142

RESERVES
Income and expenditure account 131,175 179,142
131,175 179,142

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 surplus or deficit 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 9 October 2024 and were signed on its behalf by:





M Trotter - Director


SYFA Limited
A Company Limited by Guarantee (Registered number: SC196565)

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

1. STATUTORY INFORMATION

SYFA Limited is a Company Limited by Guarantee, registered in Scotland. 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.

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 - 33% on cost

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to surplus or deficit on a straight line basis over the period of the lease.

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 17 (2023 - 10 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2023 287,793
Additions 2,712
At 31 March 2024 290,505
DEPRECIATION
At 1 April 2023 284,657
Charge for year 2,472
At 31 March 2024 287,129
NET BOOK VALUE
At 31 March 2024 3,376
At 31 March 2023 3,136

SYFA Limited
A Company Limited by Guarantee (Registered number: SC196565)

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

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Other debtors 28,385 32,575

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Taxation and social security 4,556 6,331
Other creditors 10,149 23,484
14,705 29,815

7. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

There were no material transactions with directors during the year.

8. ULTIMATE CONTROLLING PARTY

The directors are of the opinion that there is no ultimate controlling party.