Acorah Software Products - Accounts Production 16.1.300 false true 31 May 2023 1 June 2022 false 1 June 2023 31 May 2024 31 May 2024 03194549 Dr Nikos Baltas Ms Ioanna Louvari iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 03194549 2023-05-31 03194549 2024-05-31 03194549 2023-06-01 2024-05-31 03194549 frs-core:CurrentFinancialInstruments 2024-05-31 03194549 frs-core:Non-currentFinancialInstruments 2024-05-31 03194549 frs-core:ComputerEquipment 2024-05-31 03194549 frs-core:ComputerEquipment 2023-06-01 2024-05-31 03194549 frs-core:ComputerEquipment 2023-05-31 03194549 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2023-06-01 2024-05-31 03194549 frs-core:OtherResidualIntangibleAssets 2024-05-31 03194549 frs-core:OtherResidualIntangibleAssets 2023-05-31 03194549 frs-core:PlantMachinery 2024-05-31 03194549 frs-core:PlantMachinery 2023-06-01 2024-05-31 03194549 frs-core:PlantMachinery 2023-05-31 03194549 frs-core:RevaluationReserve 2023-05-31 03194549 frs-core:RevaluationReserve 2024-05-31 03194549 frs-core:ShareCapital 2024-05-31 03194549 frs-core:RetainedEarningsAccumulatedLosses 2024-05-31 03194549 frs-bus:PrivateLimitedCompanyLtd 2023-06-01 2024-05-31 03194549 frs-bus:FilletedAccounts 2023-06-01 2024-05-31 03194549 frs-bus:SmallEntities 2023-06-01 2024-05-31 03194549 frs-bus:AuditExempt-NoAccountantsReport 2023-06-01 2024-05-31 03194549 frs-bus:SmallCompaniesRegimeForAccounts 2023-06-01 2024-05-31 03194549 frs-bus:Director1 2023-06-01 2024-05-31 03194549 frs-bus:Director1 2023-05-31 03194549 frs-bus:Director1 2024-05-31 03194549 frs-bus:Director2 2023-06-01 2024-05-31 03194549 frs-bus:Director2 2023-05-31 03194549 frs-bus:Director2 2024-05-31 03194549 frs-countries:EnglandWales 2023-06-01 2024-05-31 03194549 2022-05-31 03194549 2023-05-31 03194549 2022-06-01 2023-05-31 03194549 frs-core:CurrentFinancialInstruments 2023-05-31 03194549 frs-core:Non-currentFinancialInstruments 2023-05-31 03194549 frs-core:RevaluationReserve 2023-05-31 03194549 frs-core:ShareCapital 2023-05-31 03194549 frs-core:RetainedEarningsAccumulatedLosses 2023-05-31
Registered number: 03194549
Symban Power Systems Limited
Unaudited Financial Statements
For The Year Ended 31 May 2024
HMA Accountancy Services
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 03194549
2024 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 300,000 300,000
Tangible Assets 5 1,452 416
301,452 300,416
CURRENT ASSETS
Debtors 6 - 6,039
Cash at bank and in hand 674 2,127
674 8,166
Creditors: Amounts Falling Due Within One Year 7 (32,975 ) (31,837 )
NET CURRENT ASSETS (LIABILITIES) (32,301 ) (23,671 )
TOTAL ASSETS LESS CURRENT LIABILITIES 269,151 276,745
Creditors: Amounts Falling Due After More Than One Year 8 - (2,000 )
NET ASSETS 269,151 274,745
CAPITAL AND RESERVES
Called up share capital 9 100 100
Revaluation reserve 11 200,000 200,000
Profit and Loss Account 69,051 74,645
SHAREHOLDERS' FUNDS 269,151 274,745
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Page 2
For the year ending 31 May 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Dr Nikos Baltas
Director
30/01/2025
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Symban Power Systems Limited is a private company, limited by shares, incorporated in England & Wales, registered number 03194549 . The registered office is 23 Brookwood Road, London, SW18 5BQ.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the provision of services to clients. Turnover is reduced for estimated rebates and other similar allowances.

2.3. Intangible Fixed Assets and Amortisation - Other Intangible
Other intangible assets represent computer software. It is amortised over its estimated economic life of nil years.
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 25% reducing balance basis
Computer Equipment 25% reducing balance basis
2.5. Taxation
Corporation tax expense represents the sum of the tax currently payable.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other year and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

3. Average Number of Employees
Average number of employees, including directors, during the year was: 3 (2023: 3)
3 3
4. Intangible Assets
Other
£
Cost
As at 1 June 2023 900,000
As at 31 May 2024 900,000
Amortisation
As at 1 June 2023 600,000
As at 31 May 2024 600,000
Net Book Value
As at 31 May 2024 300,000
As at 1 June 2023 300,000
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5. Tangible Assets
Plant & Machinery Computer Equipment Total
£ £ £
Cost
As at 1 June 2023 22,591 2,454 25,045
Additions - 1,619 1,619
As at 31 May 2024 22,591 4,073 26,664
Depreciation
As at 1 June 2023 22,521 2,108 24,629
Provided during the period 24 559 583
As at 31 May 2024 22,545 2,667 25,212
Net Book Value
As at 31 May 2024 46 1,406 1,452
As at 1 June 2023 70 346 416
6. Debtors
2024 2023
£ £
Due within one year
Directors' loan accounts - 6,039
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Bank loans and overdrafts 941 -
Other loans 2,500 6,000
Corporation tax 27,923 24,628
Other taxes and social security - 28
Other creditors - 74
Accruals and deferred income 1,607 1,107
Directors' loan accounts 4 -
32,975 31,837
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Other loans - 2,000
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
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10. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 June 2023 Amounts advanced Amounts repaid Amounts written off As at 31 May 2024
£ £ £ £ £
Dr Nikos Baltas 3,020 - 3,022 - (2 )
Ms Ioanna Louvari 3,020 - 3,022 - (2 )
The above loan is unsecured, interest free and repayable on demand.
11. Reserves
Revaluation Reserve
£
As at 1 June 2023 200,000
As at 31 May 2024 200,000
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