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REGISTERED NUMBER: 10685843 (England and Wales)















Unaudited Financial Statements

for the Year Ended 31 May 2024

for

Circyl Limited

Circyl Limited (Registered number: 10685843)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Accountants' Report 7

Circyl Limited

Company Information
for the Year Ended 31 May 2024







DIRECTORS: J L Betteridge
A Michael
C E Taylor
A D Morgans
A J McLean





SECRETARY: Mrs J C Betteridge





REGISTERED OFFICE: 7 Claymore
Tame Valley Industrial Estate
Tamworth
Staffordshire
B77 5DQ





REGISTERED NUMBER: 10685843 (England and Wales)





ACCOUNTANTS: Tomkinson Teal (Lichfield) LLP
Hanover Court
5 Queen Street
Lichfield
Staffordshire
WS13 6QD

Circyl Limited (Registered number: 10685843)

Balance Sheet
31 May 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 4 10,219 10,273

CURRENT ASSETS
Debtors 5 287,002 171,353
Cash at bank 159,064 308,559
446,066 479,912
CREDITORS
Amounts falling due within one year 6 (330,215 ) (388,570 )
NET CURRENT ASSETS 115,851 91,342
TOTAL ASSETS LESS CURRENT
LIABILITIES

126,070

101,615

PROVISIONS FOR LIABILITIES (2,555 ) (2,000 )
NET ASSETS 123,515 99,615

CAPITAL AND RESERVES
Called up share capital 7 10,000 9,000
Share premium 4,550 -
Retained earnings 108,965 90,615
SHAREHOLDERS' FUNDS 123,515 99,615

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 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.

Circyl Limited (Registered number: 10685843)

Balance Sheet - continued
31 May 2024


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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 2 December 2024 and were signed on its behalf by:





J L Betteridge - Director


Circyl Limited (Registered number: 10685843)

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

1. STATUTORY INFORMATION

Circyl 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 presentation currency of the financial statements is the Pound Sterling (£).


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.

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 - 33.33% on cost

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 14 (2023 - 12 ) .

Circyl Limited (Registered number: 10685843)

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

4. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
At 1 June 2023 35,480
Additions 6,389
At 31 May 2024 41,869
DEPRECIATION
At 1 June 2023 25,207
Charge for year 6,443
At 31 May 2024 31,650
NET BOOK VALUE
At 31 May 2024 10,219
At 31 May 2023 10,273

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 280,262 167,213
Other debtors 6,740 4,140
287,002 171,353

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 36,167 16,070
Amounts owed to group undertakings 175,000 250,000
Taxation and social security 118,074 121,605
Other creditors 974 895
330,215 388,570

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
40,000 Ordinary A 10p 4,000 1,000
40,000 Ordinary B 10p 4,000 8,000
10,000 Ordinary C 10p 1,000 -
10,000 Ordinary D 10p 1,000 -
10,000 9,000

Circyl Limited (Registered number: 10685843)

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

7. CALLED UP SHARE CAPITAL - continued

On 23 March 2017, the date of incorporation, 100 ordinary 10p shares were issued at par.

On 13 April 2017:

- 100 ordinary 10p shares were reclassified into 100 ordinary "A" 10p shares
- 9,900 ordinary "A" 10p shares were issued at par
- 80,000 ordinary "B" 10p shares were issued at par.

On 31 May 2024:

- 45,100 10p ordinary "B" shares were reclassified into 35,100 10p ordinary "A" shares and 10,000 10p ordinary "C" shares.
- 5,100 10p ordinary "A" shares were reclassified into 5,100 10p ordinary "B" shares.
- 10,000 10p ordinary "D" shares were issued for 27.75p per share.

Ordinary "A", ordinary "B", ordinary "C" and ordinary "D" shares rank pari passu.

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Circyl Limited

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Circyl Limited for the year ended 31 May 2024 which comprise the Profit and Loss Account, Balance Sheet, Statement of Changes in Equity 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 Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Circyl Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Circyl Limited and state those matters that we have agreed to state to the Board of Directors of Circyl Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Circyl Limited and its Board of Directors, as a body, for our work or for this report.

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

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






Tomkinson Teal (Lichfield) LLP
Hanover Court
5 Queen Street
Lichfield
Staffordshire
WS13 6QD


2 December 2024