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Company Registration No. 10582657 (England and Wales)
Synverse Tech Limited Unaudited accounts for the year ended 31 January 2024
Synverse Tech Limited Unaudited accounts Contents
Page
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Synverse Tech Limited Company Information for the year ended 31 January 2024
Director
Mr Sudeesh Dodda
Company Number
10582657 (England and Wales)
Registered Office
1000 Great West Road Brendford Middlesex TW8 9DW United Kingdom
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Synverse Tech Limited Statement of financial position as at 31 January 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
17,345 
12,655 
Current assets
Inventories
296,875 
- 
Debtors
244,849 
1,623 
Cash at bank and in hand
148,570 
17,662 
690,294 
19,285 
Creditors: amounts falling due within one year
(756,195)
(22,224)
Net current liabilities
(65,901)
(2,939)
Total assets less current liabilities
(48,556)
9,716 
Creditors: amounts falling due after more than one year
(12,045)
(19,957)
Provisions for liabilities
Other provisions
(4,605)
- 
Net liabilities
(65,206)
(10,241)
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
(65,306)
(10,341)
Shareholders' funds
(65,206)
(10,241)
For the year ending 31 January 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 director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
The members have agreed to the preparation of abridged accounts for the year in accordance with Section 444(2A).
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 13 February 2025 and were signed on its behalf by
Mr Sudeesh Dodda Director Company Registration No. 10582657
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Synverse Tech Limited Notes to the Accounts for the year ended 31 January 2024
1
Statutory information
Synverse Tech Limited is a private company, limited by shares, registered in England and Wales, registration number 10582657. The registered office is 1000 Great West Road, Brendford, Middlesex, TW8 9DW, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Computer equipment
20% on reducing balance method
4
Tangible fixed assets
Total 
£ 
Cost or valuation
At 1 February 2023
12,655 
Additions
4,800 
At 31 January 2024
17,455 
Depreciation
Charge for the year
110 
At 31 January 2024
110 
Net book value
At 31 January 2024
17,345 
At 31 January 2023
12,655 
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Synverse Tech Limited Notes to the Accounts for the year ended 31 January 2024
5
Deferred taxation
2024 
2023 
£ 
£ 
Accelerated capital allowances
1,172 
- 
Tax losses carried forward
(19,130)
- 
(17,958)
- 
2024 
2023 
£ 
£ 
Credited to the profit and loss account
(17,958)
- 
Provision at end of year
(17,958)
- 
6
Loans to directors
Brought Forward 
Advance/ credit 
Repaid 
Carried Forward 
£ 
£ 
£ 
£ 
Mr Sudeesh Dodda
4,809 
7,881 
- 
12,690 
4,809 
7,881 
- 
12,690 
7
Transactions with related parties
Other Creditors includes £1,740 is the amount owed to Kartzhub Limited Mr Sudeesh Dodda is the common Director and Shareholder for both the companies. Other Direct Costs include an amount of £21,000 paid to the wife of the Director, Mr. Sudeesh Dodda, which has been appropriately recorded in the accounts. This payment has been made on an arm’s length basis, ensuring that it reflects a fair market rate for the work performed.
8
Average number of employees
During the year the average number of employees was 7 (2023: 0).
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