2023-10-012024-09-302024-09-30false07776950CYRCOM LIMITED2025-01-1446370falseiso4217:GBPxbrli:pure077769502023-10-01077769502024-09-30077769502023-10-012024-09-30077769502022-10-01077769502023-09-30077769502022-10-012023-09-3007776950bus:SmallEntities2023-10-012024-09-3007776950bus:AuditExempt-NoAccountantsReport2023-10-012024-09-3007776950bus:FullAccounts2023-10-012024-09-3007776950bus:PrivateLimitedCompanyLtd2023-10-012024-09-3007776950core:WithinOneYear2024-09-3007776950core:AfterOneYear2024-09-3007776950core:WithinOneYear2023-09-3007776950core:AfterOneYear2023-09-3007776950core:ShareCapital2024-09-3007776950core:SharePremium2024-09-3007776950core:RevaluationReserve2024-09-3007776950core:OtherReservesSubtotal2024-09-3007776950core:RetainedEarningsAccumulatedLosses2024-09-3007776950core:ShareCapital2023-09-3007776950core:SharePremium2023-09-3007776950core:RevaluationReserve2023-09-3007776950core:OtherReservesSubtotal2023-09-3007776950core:RetainedEarningsAccumulatedLosses2023-09-3007776950core:LandBuildings2024-09-3007776950core:PlantMachinery2024-09-3007776950core:Vehicles2024-09-3007776950core:FurnitureFittings2024-09-3007776950core:OfficeEquipment2024-09-3007776950core:NetGoodwill2024-09-3007776950core:IntangibleAssetsOtherThanGoodwill2024-09-3007776950core:ListedExchangeTraded2024-09-3007776950core:UnlistedNon-exchangeTraded2024-09-3007776950core:LandBuildings2023-09-3007776950core:PlantMachinery2023-09-3007776950core:Vehicles2023-09-3007776950core:FurnitureFittings2023-09-3007776950core:OfficeEquipment2023-09-3007776950core:NetGoodwill2023-09-3007776950core:IntangibleAssetsOtherThanGoodwill2023-09-3007776950core:ListedExchangeTraded2023-09-3007776950core:UnlistedNon-exchangeTraded2023-09-3007776950core:LandBuildings2023-10-012024-09-3007776950core:PlantMachinery2023-10-012024-09-3007776950core:Vehicles2023-10-012024-09-3007776950core:FurnitureFittings2023-10-012024-09-3007776950core:OfficeEquipment2023-10-012024-09-3007776950core:NetGoodwill2023-10-012024-09-3007776950core:IntangibleAssetsOtherThanGoodwill2023-10-012024-09-3007776950core:ListedExchangeTraded2023-10-012024-09-3007776950core:UnlistedNon-exchangeTraded2023-10-012024-09-3007776950core:MoreThanFiveYears2023-10-012024-09-3007776950core:Non-currentFinancialInstruments2024-09-3007776950core:Non-currentFinancialInstruments2023-09-3007776950dpl:CostSales2023-10-012024-09-3007776950dpl:DistributionCosts2023-10-012024-09-3007776950core:LandBuildings2023-10-012024-09-3007776950core:PlantMachinery2023-10-012024-09-3007776950core:Vehicles2023-10-012024-09-3007776950core:FurnitureFittings2023-10-012024-09-3007776950core:OfficeEquipment2023-10-012024-09-3007776950dpl:AdministrativeExpenses2023-10-012024-09-3007776950core:NetGoodwill2023-10-012024-09-3007776950core:IntangibleAssetsOtherThanGoodwill2023-10-012024-09-3007776950dpl:GroupUndertakings2023-10-012024-09-3007776950dpl:ParticipatingInterests2023-10-012024-09-3007776950dpl:GroupUndertakingscore:ListedExchangeTraded2023-10-012024-09-3007776950core:ListedExchangeTraded2023-10-012024-09-3007776950dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2023-10-012024-09-3007776950core:UnlistedNon-exchangeTraded2023-10-012024-09-3007776950dpl:CostSales2022-10-012023-09-3007776950dpl:DistributionCosts2022-10-012023-09-3007776950core:LandBuildings2022-10-012023-09-3007776950core:PlantMachinery2022-10-012023-09-3007776950core:Vehicles2022-10-012023-09-3007776950core:FurnitureFittings2022-10-012023-09-3007776950core:OfficeEquipment2022-10-012023-09-3007776950dpl:AdministrativeExpenses2022-10-012023-09-3007776950core:NetGoodwill2022-10-012023-09-3007776950core:IntangibleAssetsOtherThanGoodwill2022-10-012023-09-3007776950dpl:GroupUndertakings2022-10-012023-09-3007776950dpl:ParticipatingInterests2022-10-012023-09-3007776950dpl:GroupUndertakingscore:ListedExchangeTraded2022-10-012023-09-3007776950core:ListedExchangeTraded2022-10-012023-09-3007776950dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2022-10-012023-09-3007776950core:UnlistedNon-exchangeTraded2022-10-012023-09-3007776950core:NetGoodwill2024-09-3007776950core:IntangibleAssetsOtherThanGoodwill2024-09-3007776950core:LandBuildings2024-09-3007776950core:PlantMachinery2024-09-3007776950core:Vehicles2024-09-3007776950core:FurnitureFittings2024-09-3007776950core:OfficeEquipment2024-09-3007776950core:AfterOneYear2024-09-3007776950core:WithinOneYear2024-09-3007776950core:ListedExchangeTraded2024-09-3007776950core:UnlistedNon-exchangeTraded2024-09-3007776950core:ShareCapital2024-09-3007776950core:SharePremium2024-09-3007776950core:RevaluationReserve2024-09-3007776950core:OtherReservesSubtotal2024-09-3007776950core:RetainedEarningsAccumulatedLosses2024-09-3007776950core:NetGoodwill2023-09-3007776950core:IntangibleAssetsOtherThanGoodwill2023-09-3007776950core:LandBuildings2023-09-3007776950core:PlantMachinery2023-09-3007776950core:Vehicles2023-09-3007776950core:FurnitureFittings2023-09-3007776950core:OfficeEquipment2023-09-3007776950core:AfterOneYear2023-09-3007776950core:WithinOneYear2023-09-3007776950core:ListedExchangeTraded2023-09-3007776950core:UnlistedNon-exchangeTraded2023-09-3007776950core:ShareCapital2023-09-3007776950core:SharePremium2023-09-3007776950core:RevaluationReserve2023-09-3007776950core:OtherReservesSubtotal2023-09-3007776950core:RetainedEarningsAccumulatedLosses2023-09-3007776950core:NetGoodwill2022-10-0107776950core:IntangibleAssetsOtherThanGoodwill2022-10-0107776950core:LandBuildings2022-10-0107776950core:PlantMachinery2022-10-0107776950core:Vehicles2022-10-0107776950core:FurnitureFittings2022-10-0107776950core:OfficeEquipment2022-10-0107776950core:AfterOneYear2022-10-0107776950core:WithinOneYear2022-10-0107776950core:ListedExchangeTraded2022-10-0107776950core:UnlistedNon-exchangeTraded2022-10-0107776950core:ShareCapital2022-10-0107776950core:SharePremium2022-10-0107776950core:RevaluationReserve2022-10-0107776950core:OtherReservesSubtotal2022-10-0107776950core:RetainedEarningsAccumulatedLosses2022-10-0107776950core:AfterOneYear2023-10-012024-09-3007776950core:WithinOneYear2023-10-012024-09-3007776950core:Non-currentFinancialInstrumentscore:CostValuation2023-10-012024-09-3007776950core:Non-currentFinancialInstrumentscore:AdditionsToInvestments2023-10-012024-09-3007776950core:Non-currentFinancialInstrumentscore:RevaluationsIncreaseDecreaseInInvestments2023-10-012024-09-3007776950core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInInvestments2023-10-012024-09-3007776950core:Non-currentFinancialInstrumentscore:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments2023-10-012024-09-3007776950core:Non-currentFinancialInstrumentscore:ImpairmentLossReversalProvisionsForImpairmentInvestments2023-10-012024-09-3007776950core:Non-currentFinancialInstrumentscore:AcquisitionsIncreaseInProvisionsForImpairmentInvestments2023-10-012024-09-3007776950core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInProvisionsForImpairmentInvestments2023-10-012024-09-3007776950core:Non-currentFinancialInstrumentscore:OtherIncreaseDecreaseInProvisionsForImpairmentInvestments2023-10-012024-09-3007776950core:Non-currentFinancialInstrumentscore:CostValuation2024-09-3007776950core:Non-currentFinancialInstrumentscore:AdditionsToInvestments2024-09-3007776950core:Non-currentFinancialInstrumentscore:RevaluationsIncreaseDecreaseInInvestments2024-09-3007776950core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInInvestments2024-09-3007776950core:Non-currentFinancialInstrumentscore:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments2024-09-3007776950core:Non-currentFinancialInstrumentscore:ImpairmentLossReversalProvisionsForImpairmentInvestments2024-09-3007776950core:Non-currentFinancialInstrumentscore:AcquisitionsIncreaseInProvisionsForImpairmentInvestments2024-09-3007776950core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInProvisionsForImpairmentInvestments2024-09-3007776950core:Non-currentFinancialInstrumentscore:OtherIncreaseDecreaseInProvisionsForImpairmentInvestments2024-09-3007776950core:Non-currentFinancialInstrumentscore:CostValuation2023-09-3007776950core:Non-currentFinancialInstrumentscore:AdditionsToInvestments2023-09-3007776950core:Non-currentFinancialInstrumentscore:RevaluationsIncreaseDecreaseInInvestments2023-09-3007776950core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInInvestments2023-09-3007776950core:Non-currentFinancialInstrumentscore:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments2023-09-3007776950core:Non-currentFinancialInstrumentscore:ImpairmentLossReversalProvisionsForImpairmentInvestments2023-09-3007776950core:Non-currentFinancialInstrumentscore:AcquisitionsIncreaseInProvisionsForImpairmentInvestments2023-09-3007776950core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInProvisionsForImpairmentInvestments2023-09-3007776950core:Non-currentFinancialInstrumentscore:OtherIncreaseDecreaseInProvisionsForImpairmentInvestments2023-09-3007776950bus:Director12023-10-012024-09-30

CYRCOM LIMITED

Registered Number
07776950
(England and Wales)

Unaudited Financial Statements for the Year ended
30 September 2024

CYRCOM LIMITED
Company Information
for the year from 1 October 2023 to 30 September 2024

Director

ASSOMA, Arland

Registered Address

12a Marlborough Place
Brighton
BN1 1WN

Registered Number

07776950 (England and Wales)
CYRCOM LIMITED
Balance Sheet as at
30 September 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Tangible assets31,1061,474
Investments4382,318382,318
383,424383,792
Current assets
Stocks5-51,480
Debtors65,142,1012,737,222
Cash at bank and on hand21,553110
5,163,6542,788,812
Creditors amounts falling due within one year7(3,512,457)(3,146,657)
Net current assets (liabilities)1,651,197(357,845)
Total assets less current liabilities2,034,62125,947
Provisions for liabilities8(276)(280)
Accruals and deferred income(2,500)(3,750)
Net assets2,031,84521,917
Capital and reserves
Called up share capital100100
Profit and loss account2,031,74521,817
Shareholders' funds2,031,84521,917
The financial statements were approved and authorised for issue by the Director on 14 January 2025, and are signed on its behalf by:
ASSOMA, Arland
Director
Registered Company No. 07776950
CYRCOM LIMITED
Notes to the Financial Statements
for the year ended 30 September 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.
Going concern
After reviewing the company's forecasts and projections, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. The company therefore continues to adopt the going concern basis of accounting in preparing its financial statements.
Revenue from sale of goods
Revenue from the sale of goods is recognised when the company has transferred to the buyer the significant risks and rewards of ownership of the goods, usually when goods are delivered and legal title has passed. Providing the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transition can be measured reliably.
Dividend income
Dividend income is recognised when the right to receive payment is established.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Current taxation
Current tax is recognised in profit or loss, except for taxes related to revaluations of land and buildings which are recognised in other comprehensive income. Current tax represents the amount of tax payable (receivable) in respect of taxable profit (loss) for the current, or past, reporting periods. Current tax is measured at the amount expected to be paid (recovered) using the tax rates and laws which have been enacted, or substantively enacted, by the balance sheet date. Where payments to HM Revenue and Customs exceed liabilities owed, an asset is recognised to the extent of the amount of tax recoverable.
Deferred tax
Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Tangible fixed assets and depreciation
All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:

Reducing balance (%)
Office Equipment25
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value where the difference between cost and fair value is material. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
Stocks and work in progress
Stock is valued at the lower of cost and estimated selling price less costs to complete and sell. The cost methodology employed by the entity is the first-in first-out method. Estimated selling price less costs to complete and sell are derived from the selling price which the goods would fetch in an open market transaction with established customers less the costs expected to be incurred to enable the sale to complete. Provision is made for slow-moving and obsolete items of stock. Such provisions are recognised in profit or loss. Work in progress is valued using the percentage of completion method and values are calculated using the lower of cost and estimated selling price less costs to complete and sell. When stocks are sold, the carrying amount of those stocks is recognised as an expense within cost of sales. This takes place in the same period that the associated revenue is recognised.
2.Average number of employees

20242023
Average number of employees during the year00
3.Tangible fixed assets

Office Equipment

Total

££
Cost or valuation
At 01 October 2317,42617,426
At 30 September 2417,42617,426
Depreciation and impairment
At 01 October 2315,95215,952
Charge for year368368
At 30 September 2416,32016,320
Net book value
At 30 September 241,1061,106
At 30 September 231,4741,474
4.Fixed asset investments
The company's investments at the Balance Sheet date in the share capital of companies include the following: Associated companies CYRIAN INTERNATIONAL SA Nature of business: Agriculture Commodities Ordinary Shares 70% holding HOLDING FINANCIERE DE MUHLENBACH SA Nature of business: Holding Company Ordinary shares 50% holding

Investments in groups1

Total

££
Cost or valuation
At 01 October 23382,318382,318
At 30 September 24382,318382,318
Net book value
At 30 September 24382,318382,318
At 30 September 23382,318382,318

Notes

1Investments in group undertakings and participating interests
5.Stocks

2024

2023

££
Other stocks-51,480
Total-51,480
6.Debtors: amounts due within one year

2024

2023

££
Amounts owed by group undertakings3,498,1902,517,178
Other debtors1,643,911220,044
Total5,142,1012,737,222
7.Creditors: amounts due within one year

2024

2023

££
Trade creditors / trade payables9,0093,600
Bank borrowings and overdrafts-3,203
Amounts owed to related parties333,215333,215
Taxation and social security500,407157,814
Other creditors2,669,8262,648,825
Total3,512,4573,146,657
8.Provisions for liabilities

2024

2023

££
Net deferred tax liability (asset)276280
Total276280