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REGISTERED NUMBER: 07227425 (England and Wales)












SYLO Beyond HR. Limited

Unaudited Financial Statements

for the Year Ended 31 March 2024






SYLO Beyond HR. Limited (Registered number: 07227425)






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




Page

Company Information 1

Balance Sheet 2 to 3

Notes to the Financial Statements 4 to 6


SYLO Beyond HR. Limited

Company Information
for the Year Ended 31 March 2024







DIRECTORS: S J Stevens
P Loizou
Strathdon Management Limited





REGISTERED OFFICE: The Sanderum Centre
30a Upper High Street
Thame
Oxfordshire
OX9 3EX





REGISTERED NUMBER: 07227425 (England and Wales)





ACCOUNTANTS: Clarkson Cleaver & Bowes Ltd
8a Wingbury Courtyard
Business Village
Wingrave
Buckinghamshire
HP22 4LW

SYLO Beyond HR. Limited (Registered number: 07227425)

Balance Sheet
31 March 2024

31/3/24 31/3/23
Notes £    £   
FIXED ASSETS
Tangible assets 4 753 1,425

CURRENT ASSETS
Debtors 5 96,014 42,974
Cash at bank and in hand 109 50,069
96,123 93,043
CREDITORS
Amounts falling due within one
year

6

(134,792

)

(64,569

)
NET CURRENT (LIABILITIES)/ASSETS (38,669 ) 28,474
TOTAL ASSETS LESS CURRENT
LIABILITIES

(37,916

)

29,899

CREDITORS
Amounts falling due after more
than one year

7

(25,089

)

(28,949

)
NET (LIABILITIES)/ASSETS (63,005 ) 950

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings (63,007 ) 948
SHAREHOLDERS' FUNDS (63,005 ) 950

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

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

SYLO Beyond HR. Limited (Registered number: 07227425)

Balance Sheet - continued
31 March 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 11 March 2025 and were signed on its behalf by:





S J Stevens - Director


SYLO Beyond HR. Limited (Registered number: 07227425)

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

1. STATUTORY INFORMATION

SYLO Beyond HR. 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. 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 represents net invoiced sales of services, excluding value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 25% reducing balance
Computer equipment - 33.33% straight line

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement.

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 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 and that are expected to apply to the reversal of the timing difference.

Current or deferred taxation liabilities are not discounted.

Pension costs and other post-retirement benefits
The pension costs charged in the financial statements represent the contributions payable by the company for the year.


3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 3 ) .

SYLO Beyond HR. Limited (Registered number: 07227425)

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

4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 April 2023
and 31 March 2024 381 3,597 3,978
DEPRECIATION
At 1 April 2023 220 2,333 2,553
Charge for year 40 632 672
At 31 March 2024 260 2,965 3,225
NET BOOK VALUE
At 31 March 2024 121 632 753
At 31 March 2023 161 1,264 1,425

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/3/24 31/3/23
£    £   
Trade debtors 24,600 12,517
Directors' current accounts 46,316 21,858
Tax 8,236 -
S455 recoverable 15,632 -
Prepayments and accrued income 1,230 8,599
96,014 42,974

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/3/24 31/3/23
£    £   
Bank loans and overdrafts 20,892 3,860
Trade creditors 59,451 18,155
Tax - 19,252
S455 payable 15,632 -
Social security and other taxes 3,010 2,265
VAT 14,824 18,177
Other creditors 290 -
Company credit card 3,781 391
Accruals and deferred income 16,912 2,469
134,792 64,569

SYLO Beyond HR. Limited (Registered number: 07227425)

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

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
31/3/24 31/3/23
£    £   
Bank loans - 1-2 years 3,860 3,860
Bank loans - 2-5 years 11,579 11,580
Bank loans more 5 yr by instal 9,650 13,509
25,089 28,949

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 9,650 13,509

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to Directors subsisted in the year :


B/fwd£21,857
Advanced in the
year

£46,316
Repaid in the year(£21,857)
C/fwd£46,316

All balances are repayable on demand.

Interest has been paid on all overdrawn loan amounts.

9. GOING CONCERN

In February 2025 the company received significant new investment from Kingswood Group Limited, who also acquired 80% of the share capital.

They have provided funding to allow the business to consolidate its debts and the expectation is that the performance of the business will improve in the year to 31 March 2026.

Following this investment the Directors believe the business remains a going concern, with the Kingswood Group providing working capital.