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Unaudited Financial Statements for the Year Ended 31 March 2024

for

Service Symphony Limited

Service Symphony Limited (Registered number: 06811658)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Service Symphony Limited

Company Information
for the Year Ended 31 March 2024







DIRECTORS: M Kunnumpurath
M Begg
I Kadri





REGISTERED OFFICE: 22 Wenlock Road
London
N1 7GU





REGISTERED NUMBER: 06811658 (England and Wales)





ACCOUNTANTS: Peter Upton
Chartered Accountant
Bridge House
2 Bridge Avenue
Maidenhead
Berkshire
SL6 1RR

Service Symphony Limited (Registered number: 06811658)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 123,772 172,817
Investments 5 373,457 330,472
497,229 503,289

CURRENT ASSETS
Stocks 370,398 370,398
Debtors 6 44,167 53,260
Cash at bank and in hand 28,936 284,347
443,501 708,005
CREDITORS
Amounts falling due within one year 7 74,783 198,023
NET CURRENT ASSETS 368,718 509,982
TOTAL ASSETS LESS CURRENT
LIABILITIES

865,947

1,013,271

PROVISIONS FOR LIABILITIES 8 21,156 31,269
NET ASSETS 844,791 982,002

CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings 844,691 981,902
SHAREHOLDERS' FUNDS 844,791 982,002

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 3 January 2025 and were signed on its behalf by:





M Begg - Director


Service Symphony Limited (Registered number: 06811658)

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

1. STATUTORY INFORMATION

Service Symphony 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. 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 as modified by the revaluation of certain assets.

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 - 25% on cost and 10% on cost

Stocks
Stock is readily convertible international investments.

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.

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.

Investments
Fixed asset investments are valued at cost or market value if there is a material difference.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2023 - 6 ) .

Service Symphony Limited (Registered number: 06811658)

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

4. TANGIBLE FIXED ASSETS
Improvements Fixtures Office &
to and Motor sundry
property fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 April 2023 94,500 48,270 146,650 127,394 416,814
Additions - - - 2,322 2,322
At 31 March 2024 94,500 48,270 146,650 129,716 419,136
DEPRECIATION
At 1 April 2023 57,125 41,018 41,800 104,054 243,997
Charge for year 23,625 7,252 11,650 8,840 51,367
At 31 March 2024 80,750 48,270 53,450 112,894 295,364
NET BOOK VALUE
At 31 March 2024 13,750 - 93,200 16,822 123,772
At 31 March 2023 37,375 7,252 104,850 23,340 172,817

5. FIXED ASSET INVESTMENTS
Unlisted
investments
£   
COST OR VALUATION
At 1 April 2023 330,472
Additions 42,985
At 31 March 2024 373,457
NET BOOK VALUE
At 31 March 2024 373,457
At 31 March 2023 330,472

Cost or valuation at 31 March 2024 is represented by:

Unlisted
investments
£   
Valuation in 2019 135,353
Valuation in 2020 (110,353 )
Valuation in 2021 42,000
Valuation in 2022 91,190
Valuation in 2023 172,282
Valuation in 2024 42,985
373,457

The investment painting has been valued by the directors.

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Other debtors 250 -
Tax 5,230 -
VAT 38,687 53,260
44,167 53,260

Service Symphony Limited (Registered number: 06811658)

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

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Tax - 94,972
Social security and other taxes 6,966 7,671
Other creditors 321 610
Directors' current accounts 53,496 82,770
Accrued expenses 14,000 12,000
74,783 198,023

8. PROVISIONS FOR LIABILITIES
31.3.24 31.3.23
£    £   
Deferred tax 21,156 31,269

Deferred
tax
£   
Balance at 1 April 2023 31,269
Deferred tax (10,113 )
Balance at 31 March 2024 21,156

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.24 31.3.23
value: £    £   
100 Ordinary 1 100 100