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Registered number: 15086741














SYZYGY ADVISORY SERVICES LTD
FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 AUGUST 2024

 
SYZYGY ADVISORY SERVICES LTD
 

CONTENTS



Page
Statement of Financial Position
 
1 - 2
Notes to the Financial Statements
 
3 - 6


 
SYZYGY ADVISORY SERVICES LTD
REGISTERED NUMBER:15086741

STATEMENT OF FINANCIAL POSITION
AS AT 31 AUGUST 2024

2024
Note
£

Fixed assets
  

Tangible assets
 4 
521

  
521

Current assets
  

Debtors: amounts falling due within one year
 5 
86,441

Cash at bank and in hand
  
138,948

  
225,389

Current liabilities
  

Creditors: amounts falling due within one year
 6 
(107,300)

Net current assets
  
 
 
118,089

Total assets less current liabilities
  
118,610

  

Net assets
  
118,610


Capital and reserves
  

Called up share capital 
  
100

Profit and loss account
  
118,510

  
118,610


The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the period in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 22 January 2025.




Page 1

 
SYZYGY ADVISORY SERVICES LTD
REGISTERED NUMBER:15086741
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 AUGUST 2024

J Grigor
Director

The notes on pages 3 to 6 form part of these financial statements.

Page 2

 
SYZYGY ADVISORY SERVICES LTD
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 AUGUST 2024

1.


General information

Syzygy Advisory Services Ltd is a private limited liability company registered in England and Wales. Its
registered office address is 2nd Floor Connaught House, 1-3 Mount Street, London, W1K 3NB.
The company was incorporated on 21 August 2023 and commenced trading on 1 September 2023.
The principal activity of the company is the provision of consultancy services.
The company's functional and presentational currency is £ Sterling.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Foreign currency translation

The company's functional and presentational currency is £ Sterling.
Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.
At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical  cost are  translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate
when fair value was determined.
Foreign  exchange  gains  and  losses  resulting  from  the  settlement  of  transaction s and  from the translation  at  period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in profit or loss.

 
2.3

Revenue

Turnover is recognised to the extent that it is probable that the economic benefits will flow to the Company and the turnover can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. 
Revenue represents fees receivable for consulting services provided during the year and are recognised when the services are provided.

Page 3

 
SYZYGY ADVISORY SERVICES LTD
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 AUGUST 2024

2.Accounting policies (continued)

 
2.4

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

At each reporting date the Company assesses whether there is any indication of impairment. If such indication exists, the recoverable amount of the asset is determined which is the higher of its fair value less costs to sell and its value in use. An impairment loss is recognised where the carrying amount exceeds the recoverable amount.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on the following basis:

Office equipment
-
20% straight-line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.
Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.5

Basic Financial instruments

The company only enters into transactions that result in basic financial instruments such as trade and other debtors, trade and other creditors, cash at bank and in hand and loans with related parties.
 
Trade debtors, other  debtors and loans to related parties are  recognised initially at the transaction price  less  attributable transaction  costs.  Trade  creditors, other  creditors  and  loans from related parties are recognised initially at transaction price plus attributable transaction costs. Subsequently they are measured at amortised cost using the effective interest method, less any impairment losses in the case of trade and other debtors, and loans to related parties.
Cash is represented by cash in hand and deposits with financial institutions.


3.


Employees

The average monthly number of employees, including directors, during the period was 1.

Page 4

 
SYZYGY ADVISORY SERVICES LTD
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 AUGUST 2024

4.


Tangible fixed assets





Office equipment

£



Cost 


Additions
599



At 31 August 2024

599



Depreciation


Charge for the period on owned assets
78



At 31 August 2024

78



Net book value



At 31 August 2024
521


5.


Debtors

2024
£


Trade debtors
60,000

Other debtors
868

Prepayments and accrued income
25,573

86,441



6.


Creditors: Amounts falling due within one year

2024
£

Trade creditors
857

Taxation and social security
80,693

Other creditors
18,500

Accruals and deferred income
7,250

107,300


Page 5

 
SYZYGY ADVISORY SERVICES LTD
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 AUGUST 2024

7.


Share capital

2024
£
Allotted, called up and fully paid


100 Ordinary shares of £1 each
100


On incorporation, the company issued 100 Ordinary share of £1 at par.

 
Page 6