Caseware UK (AP4) 2023.0.135 2023.0.135 2024-03-312024-03-312023-04-01falseActivities auxiliary to financial intermediation not elsewhere classified. Other activities auxiliary to insurance and pension funding11truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 08435361 2023-04-01 2024-03-31 08435361 2022-04-01 2023-03-31 08435361 2024-03-31 08435361 2023-03-31 08435361 c:Director1 2023-04-01 2024-03-31 08435361 d:FurnitureFittings 2023-04-01 2024-03-31 08435361 d:FurnitureFittings 2024-03-31 08435361 d:FurnitureFittings 2023-03-31 08435361 d:FurnitureFittings d:LeasedAssetsHeldAsLessee 2023-04-01 2024-03-31 08435361 d:CurrentFinancialInstruments 2024-03-31 08435361 d:CurrentFinancialInstruments 2023-03-31 08435361 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 08435361 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 08435361 d:ShareCapital 2024-03-31 08435361 d:ShareCapital 2023-03-31 08435361 d:RetainedEarningsAccumulatedLosses 2024-03-31 08435361 d:RetainedEarningsAccumulatedLosses 2023-03-31 08435361 c:FRS102 2023-04-01 2024-03-31 08435361 c:AuditExemptWithAccountantsReport 2023-04-01 2024-03-31 08435361 c:FullAccounts 2023-04-01 2024-03-31 08435361 c:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 08435361 e:PoundSterling 2023-04-01 2024-03-31 iso4217:GBP xbrli:pure

Registered number: 08435361









SAMONYX SOLUTIONS LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MARCH 2024

 
SAMONYX SOLUTIONS LIMITED
 
 
  
REPORT TO THE DIRECTOR ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF SAMONYX SOLUTIONS LIMITED
FOR THE YEAR ENDED 31 MARCH 2024

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Samonyx Solutions Limited for the year ended 31 March 2024 which comprise  the Balance sheet 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 Association of Chartered Certified Accountantswe are subject to its ethical and other professional requirements which are detailed at https://www.accaglobal .com/uk/en/about-us /regulation/ethics /acca-rulebook.html.

This report is made solely to the director of Samonyx Solutions Limited in accordance with the terms of our engagement letter dated 11 November 2024Our work has been undertaken solely to prepare for your approval the financial statements of Samonyx Solutions Limited and state those matters that we have agreed to state to the director of Samonyx Solutions Limited in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal .com/content/dam/ACCA_Global /Technical /fact/technical-factsheet -163.pdf. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Samonyx Solutions Limited and its director for our work or for this report. 

It is your duty to ensure that Samonyx Solutions 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 Samonyx Solutions Limited. You consider that Samonyx Solutions Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or review of the financial statements of Samonyx Solutions 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.

  



Fraser Russell Limited
 
77 Francis Road
Edgbaston
Birmingham
West Midlands
B16 8SP
11 November 2024
Page 1

 
SAMONYX SOLUTIONS LIMITED
REGISTERED NUMBER: 08435361

BALANCE SHEET
AS AT 31 MARCH 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 3 
690
838

  
690
838

Current assets
  

Debtors: amounts falling due within one year
 4 
24,389
23,356

Cash at bank and in hand
 5 
10,360
16,657

  
34,749
40,013

Creditors: amounts falling due within one year
 6 
(34,447)
(40,671)

Net current assets/(liabilities)
  
 
 
302
 
 
(658)

Total assets less current liabilities
  
992
180

  

Net assets
  
992
180


Capital and reserves
  

Called up share capital 
  
1
1

Profit and loss account
  
991
179

  
992
180


Page 2

 
SAMONYX SOLUTIONS LIMITED
REGISTERED NUMBER: 08435361
    
BALANCE SHEET (CONTINUED)
AS AT 31 MARCH 2024

The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges her responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 11 November 2024.




Sameena Kossar
Director

The notes on pages 4 to 8 form part of these financial statements.

Page 3

 
SAMONYX SOLUTIONS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1.


General information

Samonyx Solutions Limited is a company limited by shares incorporated in England within the United Kingdom, having a registration of 08435361.  The address of the registered office is 77 Francis Road, Edgbaston, Birmingham, B16 8SP. The principal activity of the company in the year continued to be that of financial advisory services.
The financial statements are presented in sterling which is functional currency of the company and rounded to the nearest £.
The significant accounting policies applied in the preparation of these financial statements are set out below.  These policies have been consistently applied to all years presented unless otherwise stated.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Going concern

The financial statements has been prepared on a going concern basis which assumes that the company will continue to receive support from creditors and the director as and when required.

Page 4

 
SAMONYX SOLUTIONS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
2.3

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.4

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance sheet. The assets of the plan are held separately from the Company in independently administered funds.

Page 5

 
SAMONYX SOLUTIONS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
2.5

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

 
2.6

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Fixtures and fittings
-
15% reducing balance

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.7

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.8

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.9

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Page 6

 
SAMONYX SOLUTIONS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
2.10

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Tangible fixed assets





Fixtures and fittings

£



Cost or valuation


At 1 April 2023
986



At 31 March 2024

986



Depreciation


At 1 April 2023
148


Charge for the year on financed assets
148



At 31 March 2024

296



Net book value



At 31 March 2024
690



At 31 March 2023
838

Page 7

 
SAMONYX SOLUTIONS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

4.


Debtors

2024
2023
£
£


Other debtors
9,246
9,813

Prepayments and accrued income
12,000
-

Tax recoverable
3,143
13,543

24,389
23,356



5.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
10,360
16,657

10,360
16,657



6.


Creditors: Amounts falling due within one year

2024
2023
£
£

Corporation tax
4,447
2,021

Other taxation and social security
30,000
35,682

Accruals and deferred income
-
2,968

34,447
40,671



7.


Pension commitments

During the year the company made pension contributions of £1,900 (2023: £1,800).
The company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the company in an independently administered fund. The pension cost charge represents contributions payable by the company to the fund and amounted to £1,900 (2023: £1,800). As at the balance sheet date, no cotributions were outstanding from the company to the pension scheme.

 
Page 8