Cypher Technology Ltd. 04240748 false 2023-07-01 2024-09-30 2024-09-30 The principal activity of the company is manufacture of other electrical equipment Digita Accounts Production Advanced 6.30.9574.0 true true 04240748 2023-07-01 2024-09-30 04240748 2024-09-30 04240748 bus:OrdinaryShareClass1 bus:Non-cumulativeNon-redeemableShares 2024-09-30 04240748 core:CurrentFinancialInstruments core:WithinOneYear 2024-09-30 04240748 bus:SmallEntities 2023-07-01 2024-09-30 04240748 bus:AuditExemptWithAccountantsReport 2023-07-01 2024-09-30 04240748 bus:FilletedAccounts 2023-07-01 2024-09-30 04240748 bus:SmallCompaniesRegimeForAccounts 2023-07-01 2024-09-30 04240748 bus:RegisteredOffice 2023-07-01 2024-09-30 04240748 bus:Director1 2023-07-01 2024-09-30 04240748 bus:OrdinaryShareClass1 bus:Non-cumulativeNon-redeemableShares 2023-07-01 2024-09-30 04240748 bus:PrivateLimitedCompanyLtd 2023-07-01 2024-09-30 04240748 core:RevaluationReserve core:LandBuildings 2023-07-01 2024-09-30 04240748 core:LandBuildings 2023-07-01 2024-09-30 04240748 countries:EnglandWales 2023-07-01 2024-09-30 04240748 2023-06-30 04240748 2022-07-01 2023-06-30 04240748 2023-06-30 04240748 bus:OrdinaryShareClass1 bus:Non-cumulativeNon-redeemableShares 2023-06-30 04240748 core:CurrentFinancialInstruments core:WithinOneYear 2023-06-30 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 04240748

Cypher Technology Ltd.

Unaudited Filleted Financial Statements

for the Period from 1 July 2023 to 30 September 2024

 

Cypher Technology Ltd.

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 7

 

Cypher Technology Ltd.

Company Information

Director

M Parker

Registered office

5-7 Gravel Hill
Leatherhead
Surrey
KT22 7HG

Accountants

Smart Accounting & Tax Solutions LLP
74A Station Road East
Oxted
Surrey
RH8 0PG

 

Cypher Technology Ltd.

(Registration number: 04240748)
Balance Sheet as at 30 September 2024

Note

2024
£

2023
£

Fixed assets

 

Investment property

4

475,000

320,000

Current assets

 

Cash at bank and in hand

 

223,216

314,057

Creditors: Amounts falling due within one year

5

(13,490)

(29,423)

Net current assets

 

209,726

284,634

Net assets

 

684,726

604,634

Capital and reserves

 

Called up share capital

6

340,001

340,001

Revaluation reserve

155,000

-

Retained earnings

189,725

264,633

Shareholders' funds

 

684,726

604,634

For the financial period ending 30 September 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 9 October 2024
 

 

Cypher Technology Ltd.

(Registration number: 04240748)
Balance Sheet as at 30 September 2024

.........................................
M Parker
Director

 

Cypher Technology Ltd.

Notes to the Unaudited Financial Statements for the Period from 1 July 2023 to 30 September 2024

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
5-7 Gravel Hill
Leatherhead
Surrey
KT22 7HG

These financial statements were authorised for issue by the director on 9 October 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. turnover is shown net of value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

 

Cypher Technology Ltd.

Notes to the Unaudited Financial Statements for the Period from 1 July 2023 to 30 September 2024

Tax

The tax expense for the period comprises Corporation Tax, based on the Company's taxable profit and chargeable gains. Tax is recognised in the profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current corporation tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Investment property

Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually by external valuers. The valuers use observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in profit or loss.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

 

Cypher Technology Ltd.

Notes to the Unaudited Financial Statements for the Period from 1 July 2023 to 30 September 2024

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3

Staff numbers

The average number of persons employed by the company (including the director) during the period, was 1 (2023 - 1).

4

Investment properties

2024
£

At 1 July

320,000

Fair value adjustments

155,000

At 30 September

475,000

The Company commissioned an independent surveyor to confirm the valuation of the Company's investment property.

 

Cypher Technology Ltd.

Notes to the Unaudited Financial Statements for the Period from 1 July 2023 to 30 September 2024

5

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Due within one year

Taxation and social security

5,708

19,262

Accruals and deferred income

2,000

-

Other creditors

5,782

10,161

13,490

29,423

6

Share capital

Allotted, called up and fully paid shares

2024

2023

No.

£

No.

£

Ordinary shares of £1 each

340,001

340,001

340,001

340,001

       

7

Reserves

The changes to each component of equity resulting from items of other comprehensive income for the current period were as follows:

Revaluation reserve
£

Total
£

Surplus/deficit on property, plant and equipment revaluation

155,000

155,000