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REGISTERED NUMBER: 06272520 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 June 2024

for

Syvecs Ltd

Syvecs Ltd (Registered number: 06272520)






Contents of the Financial Statements
for the Year Ended 30 June 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Syvecs Ltd

Company Information
for the Year Ended 30 June 2024







DIRECTORS: Mr C A Wright
Mr P Herborn
Mr R Griffiths





SECRETARY: Mr C A Wright





REGISTERED OFFICE: 34 Invincible Road Industrial Estate
Farnborough
Hampshire
GU14 7QU





REGISTERED NUMBER: 06272520 (England and Wales)





ACCOUNTANT: E T McLoughlin FCCA ATT
13 Beta Road
Farnborough
Hampshire
GU14 8PG

Syvecs Ltd (Registered number: 06272520)

Balance Sheet
30 June 2024

30.6.24 30.6.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 8,064 8,903

CURRENT ASSETS
Stocks 690,114 611,890
Debtors 5 105,119 111,884
Cash at bank and in hand 282,445 213,691
1,077,678 937,465
CREDITORS
Amounts falling due within one year 6 169,790 99,958
NET CURRENT ASSETS 907,888 837,507
TOTAL ASSETS LESS CURRENT
LIABILITIES

915,952

846,410

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 915,852 846,310
SHAREHOLDERS' FUNDS 915,952 846,410

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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.

Syvecs Ltd (Registered number: 06272520)

Balance Sheet - continued
30 June 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 20 March 2025 and were signed on its behalf by:




Mr P Herborn - Director



Mr C A Wright - Director


Syvecs Ltd (Registered number: 06272520)

Notes to the Financial Statements
for the Year Ended 30 June 2024

1. STATUTORY INFORMATION

Syvecs Ltd 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 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.
Plant and machinery etc - 25% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

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

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2023 - 6 ) .

Syvecs Ltd (Registered number: 06272520)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

4. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 July 2023 29,683 - 7,446 37,129
Additions - 1,850 - 1,850
At 30 June 2024 29,683 1,850 7,446 38,979
DEPRECIATION
At 1 July 2023 21,312 - 6,914 28,226
Charge for year 2,093 463 133 2,689
At 30 June 2024 23,405 463 7,047 30,915
NET BOOK VALUE
At 30 June 2024 6,278 1,387 399 8,064
At 30 June 2023 8,371 - 532 8,903

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Trade debtors 93,035 66,104
Other debtors 12,084 45,780
105,119 111,884

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Trade creditors 78,478 22,929
Taxation and social security 78,810 65,176
Other creditors 12,502 11,853
169,790 99,958