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REGISTERED NUMBER: 06922338 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED

31 MAY 2024

FOR

CYNAPPS LIMITED

CYNAPPS LIMITED (REGISTERED NUMBER: 06922338)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024










Page

Company Information 1

Report of the Accountants 2

Abridged Balance Sheet 3

Notes to the Financial Statements 5


CYNAPPS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MAY 2024







DIRECTORS: Mr S Chawla
Mrs S Mashari





REGISTERED OFFICE: Jsa Services Limited 4th Floor,
Radius House,
51 Clarendon Road,
Watford
WD17 1HP





REGISTERED NUMBER: 06922338 (England and Wales)





ACCOUNTANTS: Workwell People Solutions Limited
4th Floor
Radius House
51 Clarendon Road
Watford
Hertfordshire
WD17 1HP

CYNAPPS LIMITED

REPORT OF THE ACCOUNTANTS TO THE DIRECTORS OF
CYNAPPS 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 Abridged Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 31 May 2024 set out on pages three to five and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.






Workwell People Solutions Limited
4th Floor
Radius House
51 Clarendon Road
Watford
Hertfordshire
WD17 1HP


Date: .............................................

CYNAPPS LIMITED (REGISTERED NUMBER: 06922338)

ABRIDGED BALANCE SHEET
31 MAY 2024

2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible assets 5 4,863 2,236
Investments 6 10,078 5,653
14,941 7,889

CURRENT ASSETS
Debtors 9,810 5,344
Cash at bank 98,342 60,254
108,152 65,598
CREDITORS
Amounts falling due within one year 19,168 17,563
NET CURRENT ASSETS 88,984 48,035
TOTAL ASSETS LESS CURRENT
LIABILITIES

103,925

55,924

PROVISIONS FOR LIABILITIES 1,519 413
NET ASSETS 102,406 55,511

CAPITAL AND RESERVES
Called up share capital 7 2 2
Fair value reserve 4,558 1,239
Retained earnings 97,846 54,270
SHAREHOLDERS' FUNDS 102,406 55,511

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.

CYNAPPS LIMITED (REGISTERED NUMBER: 06922338)

ABRIDGED 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.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 31 May 2024 in accordance with Section 444(2A) of the Companies Act 2006.

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 27 February 2025 and were signed on its behalf by:





Mr S Chawla - Director


CYNAPPS LIMITED (REGISTERED NUMBER: 06922338)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024


1. STATUTORY INFORMATION

Cynapps 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. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
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.
Bicycle - 25% on reducing balance
Fixtures and fittings - 33% on cost
Computer equipment - 33% on cost

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

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.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

CYNAPPS LIMITED (REGISTERED NUMBER: 06922338)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2024


5. TANGIBLE FIXED ASSETS
Totals
£
COST
At 1 June 2023 32,989
Additions 5,649
At 31 May 2024 38,638
DEPRECIATION
At 1 June 2023 30,753
Charge for year 3,022
At 31 May 2024 33,775
NET BOOK VALUE
At 31 May 2024 4,863
At 31 May 2023 2,236

6. FIXED ASSET INVESTMENTS

Information on investments other than loans is as follows:
Totals
£
COST OR VALUATION
At 1 June 2023 4,001
Revaluations 6,077
At 31 May 2024 10,078
NET BOOK VALUE
At 31 May 2024 10,078
At 31 May 2023 4,001

Cost or valuation at 31 May 2024 is represented by:
Totals
£
Valuation in 2022 4,000
Valuation in 2023 1,653
5,653

** TOTAL SHOWN ON CLIENT SCREEN - REVALUATION ANALYSIS - DOES NOT AGREE TO TOTAL OF FIXED ASSET 'COST' ACCOUNT HELD AT END OF YEAR IN RESPECT OF
UNLISTED INVESTMENTS

'COST' ACCOUNT TOTAL
Cost/valuation b/f 4,001
Revaluations 6,077
10,078


CYNAPPS LIMITED (REGISTERED NUMBER: 06922338)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2024


6. FIXED ASSET INVESTMENTS - continued
CLIENT SCREEN TOTAL = -


7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £ £
2 Ordinary £1 2 2

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 May 2024 and 31 May 2023:

2024 2023
£ £
Mr S Chawla
Balance outstanding at start of year (1,281 ) (6,478 )
Amounts advanced 5,290 19,964
Amounts repaid (2,999 ) (14,767 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 1,010 (1,281 )

Mrs S Mashari
Balance outstanding at start of year (28 ) (28 )
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (28 ) (28 )