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REGISTERED NUMBER: 06455336 (England and Wales)






Cyrrus Limited

Financial Statements

for the Year Ended 31 December 2023






Cyrrus Limited (Registered number: 06455336)

Contents of the Financial Statements
for the year ended 31 December 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Cyrrus Limited

Company Information
for the year ended 31 December 2023







DIRECTOR: Mr R I Cooke





REGISTERED OFFICE: Cyrrus House
Concept Court
Allendale Road
Thirsk
North Yorkshire
YO7 3NY





REGISTERED NUMBER: 06455336 (England and Wales)





ACCOUNTANTS: SMH Jolliffe Cork Ltd
Chartered Accountants
33 George Street
Wakefield
West Yorkshire
WF1 1LX

Cyrrus Limited (Registered number: 06455336)

Balance Sheet
31 December 2023

2023 2022
Notes £ £ £ £
FIXED ASSETS
Intangible assets 4 804 1,053
Tangible assets 5 127,440 72,230
Investments 6 30,000 30,000
158,244 103,283

CURRENT ASSETS
Debtors 7 386,730 459,816
Cash at bank and in hand 73,770 50,201
460,500 510,017
CREDITORS
Amounts falling due within one year 8 316,145 385,153
NET CURRENT ASSETS 144,355 124,864
TOTAL ASSETS LESS CURRENT
LIABILITIES

302,599

228,147

CREDITORS
Amounts falling due after more than one year 9 (59,988 ) (80,417 )

PROVISIONS FOR LIABILITIES (18,669 ) (12,645 )
NET ASSETS 223,942 135,085

Cyrrus Limited (Registered number: 06455336)

Balance Sheet - continued
31 December 2023

2023 2022
Notes £ £ £ £

CAPITAL AND RESERVES
Called up share capital 11 100,000 100,000
Retained earnings 123,942 35,085
SHAREHOLDERS' FUNDS 223,942 135,085

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director and authorised for issue on 28 November 2024 and were signed by:





Mr R I Cooke - Director


Cyrrus Limited (Registered number: 06455336)

Notes to the Financial Statements
for the year ended 31 December 2023


1. STATUTORY INFORMATION

Cyrrus 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 functional and presentational currency for the company is the pound sterling (£). All financial information presented has been rounded to the nearest (£), unless otherwise stated.

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.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Vehicle licence plates are being amortised evenly over their estimated useful life of ten years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 33% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on reducing balance

Investments
Shares in unlisted investments are held at cost less any provision for impairment.

Cyrrus Limited (Registered number: 06455336)

Notes to the Financial Statements - continued
for the year ended 31 December 2023


2. ACCOUNTING POLICIES - continued

Financial instruments
The company has chosen to adopt Sections 11 and 12 of FRS 102 in respect of financial instruments.

All financial assets and liabilities are initially measured at transaction price (including transaction costs), except for those financial assets classified as at fair value through profit or loss, which are initially measured at fair value (which is normally the transaction price excluding transaction costs), unless the arrangement constitutes a financing transaction. If an arrangement constitutes a financing transaction, the financial asset or financial liability is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

Financial assets and liabilities are only offset in the balance sheet when and only when there exists a legally enforceable right to set off the recognised amounts and the company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Financial assets are derecognised when and only when; a) the contractual rights to the cash flows from the financial asset expire or are settled, b) the company transfers to another party substantially all of the risks and rewards of ownership of the financial asset, or, c) the company, despite having retained some, but not all, significant risks and rewards of ownership, has transferred control of the asset to another party.

Financial liabilities are derecognised only when the obligation specified in the contract is discharged, cancelled or expires.

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 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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Cyrrus Limited (Registered number: 06455336)

Notes to the Financial Statements - continued
for the year ended 31 December 2023


2. ACCOUNTING POLICIES - continued

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 21 (2022 - 18 ) .

4. INTANGIBLE FIXED ASSETS
Vehicle
licence
plates
£
COST
At 1 January 2023
and 31 December 2023 1,096
AMORTISATION
At 1 January 2023 43
Amortisation for year 249
At 31 December 2023 292
NET BOOK VALUE
At 31 December 2023 804
At 31 December 2022 1,053

Cyrrus Limited (Registered number: 06455336)

Notes to the Financial Statements - continued
for the year ended 31 December 2023


5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£ £ £ £ £
COST
At 1 January 2023 127,459 45,713 6,429 78,783 258,384
Additions 21,000 1,676 30,590 39,971 93,237
Disposals - (739 ) (6,429 ) (558 ) (7,726 )
At 31 December 2023 148,459 46,650 30,590 118,196 343,895
DEPRECIATION
At 1 January 2023 70,806 44,473 3,169 67,706 186,154
Charge for year 22,966 457 3,823 7,713 34,959
Eliminated on disposal - (933 ) (3,169 ) (556 ) (4,658 )
At 31 December 2023 93,772 43,997 3,823 74,863 216,455
NET BOOK VALUE
At 31 December 2023 54,687 2,653 26,767 43,333 127,440
At 31 December 2022 56,653 1,240 3,260 11,077 72,230

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£
COST
Additions 21,759
At 31 December 2023 21,759
DEPRECIATION
Charge for year 2,724
At 31 December 2023 2,724
NET BOOK VALUE
At 31 December 2023 19,035

Cyrrus Limited (Registered number: 06455336)

Notes to the Financial Statements - continued
for the year ended 31 December 2023


6. FIXED ASSET INVESTMENTS
Other
investments
£
COST
At 1 January 2023
and 31 December 2023 30,000
NET BOOK VALUE
At 31 December 2023 30,000
At 31 December 2022 30,000

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£ £
Trade debtors 262,497 341,300
Amounts owed by group undertakings 102,152 104,268
Amounts owed by related undertakings - 2,640
Other debtors 14,665 2,215
Prepayments 7,416 9,393
386,730 459,816

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£ £
Bank loans and overdrafts 59,271 61,144
Hire purchase contracts (see note 10) 4,049 -
Trade creditors 39,827 87,979
Amounts owed to group undertakings 76,536 79,990
Social security and other taxes 28,506 44,933
VAT 88,633 94,314
Other creditors 12,116 12,568
Accruals and deferred income 7,207 4,225
316,145 385,153

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£ £
Bank loans - 1-2 years 35,000 35,000
Bank loans - 2-5 years 10,417 45,417
Hire purchase contracts (see note 10) 14,571 -
59,988 80,417

Cyrrus Limited (Registered number: 06455336)

Notes to the Financial Statements - continued
for the year ended 31 December 2023


10. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
2023 2022
£ £
Net obligations repayable:
Within one year 4,049 -
Between one and five years 14,571 -
18,620 -

Non-cancellable
operating leases
2023 2022
£ £
Within one year 6,563 5,906

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £ £
100,000 Ordinary £1 100,000 100,000

12. RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

13. ULTIMATE CONTROLLING PARTY

The company is a wholly owned subsidiary of Cyrrus (Holdings) Limited.