Silverfin false 26 March 2025 25 March 2025 Georgette Alicia Crisp BSc (Hons) FCA MHA 96,584 39,517 false true 30/06/2024 01/07/2023 30/06/2024 E Polychroniadou 08/07/2020 T Saunders 08/07/2020 25 March 2025 The principal activity of the Company is that of an environmental certification body, helping companies and governments navigate the road to a sustainable future. 12728066 2024-06-30 12728066 bus:Director1 2024-06-30 12728066 bus:Director2 2024-06-30 12728066 2023-06-30 12728066 core:CurrentFinancialInstruments 2024-06-30 12728066 core:CurrentFinancialInstruments 2023-06-30 12728066 core:Non-currentFinancialInstruments 2024-06-30 12728066 core:Non-currentFinancialInstruments 2023-06-30 12728066 core:ShareCapital 2024-06-30 12728066 core:ShareCapital 2023-06-30 12728066 core:RetainedEarningsAccumulatedLosses 2024-06-30 12728066 core:RetainedEarningsAccumulatedLosses 2023-06-30 12728066 core:OtherResidualIntangibleAssets 2023-06-30 12728066 core:OtherResidualIntangibleAssets 2024-06-30 12728066 core:ComputerEquipment 2023-06-30 12728066 core:ComputerEquipment 2024-06-30 12728066 bus:OrdinaryShareClass1 2024-06-30 12728066 2023-07-01 2024-06-30 12728066 bus:FilletedAccounts 2023-07-01 2024-06-30 12728066 bus:SmallEntities 2023-07-01 2024-06-30 12728066 bus:Audited 2023-07-01 2024-06-30 12728066 2022-07-01 2023-06-30 12728066 bus:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 12728066 bus:Director1 2023-07-01 2024-06-30 12728066 bus:Director2 2023-07-01 2024-06-30 12728066 core:ComputerEquipment core:TopRangeValue 2023-07-01 2024-06-30 12728066 core:OtherResidualIntangibleAssets 2023-07-01 2024-06-30 12728066 core:ComputerEquipment 2023-07-01 2024-06-30 12728066 core:Non-currentFinancialInstruments 2023-07-01 2024-06-30 12728066 bus:OrdinaryShareClass1 2023-07-01 2024-06-30 12728066 bus:OrdinaryShareClass1 2022-07-01 2023-06-30 iso4217:GBP xbrli:pure xbrli:shares

Company No: 12728066 (England and Wales)

SINTALI LTD

Financial Statements
For the financial year ended 30 June 2024
Pages for filing with the registrar

SINTALI LTD

Financial Statements

For the financial year ended 30 June 2024

Contents

SINTALI LTD

STATEMENT OF FINANCIAL POSITION

As at 30 June 2024
SINTALI LTD

STATEMENT OF FINANCIAL POSITION (continued)

As at 30 June 2024
Note 2024 2023
£ £
Restated - note 2
Fixed assets
Intangible assets 4 82,340 119,379
Tangible assets 5 10,397 7,506
92,737 126,885
Current assets
Debtors 6 552,921 435,329
Cash at bank and in hand 1,586,296 1,243,044
2,139,217 1,678,373
Creditors: amounts falling due within one year 7 ( 2,170,229) ( 1,748,004)
Net current liabilities (31,012) (69,631)
Total assets less current liabilities 61,725 57,254
Creditors: amounts falling due after more than one year 8 0 ( 92,113)
Net assets/(liabilities) 61,725 ( 34,859)
Capital and reserves
Called-up share capital 9 14 14
Profit and loss account 61,711 ( 34,873 )
Total shareholders' funds/(deficit) 61,725 ( 34,859)

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Statement of Comprehensive Income has not been delivered.

These financial statements have been prepared in accordance with the provisions of FRS 102 Section 1A – small entities. The financial statements of Sintali Ltd (registered number: 12728066) were approved and authorised for issue by the Board of Directors. They were signed on its behalf by:

T Saunders
Director
E Polychroniadou
Director

25 March 2025

SINTALI LTD

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 June 2024
SINTALI LTD

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 June 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Sintali Ltd (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the company's registered office is Cardinal Point, Park Road, Rickmansworth, WD3 1RE, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements for the year to 30 June 2023 are unaudited.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

The financial statements reflect prior year adjustments, (note 2).

Going concern

As with any start-up business, in order to meet its liabilities as they fall due, the Company is reliant on the availability of working capital and generation of profits and cash in the future. The company has net current liabilities of £31,012 at the balance sheet date, and total net assets of £61,725.

The directors have assessed the Statement of Financial Position and likely future cash flows at the date of approving these financial statements, and they consider that the Company has adequate resources to continue operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements.

Accordingly, they have adopted the going concern basis of accounting in preparing the financial statements.

Foreign currency

Transactions in foreign currencies are recorded at the rate of exchange at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies at the Statement of Financial Position date are reported at the rates of exchange prevailing at that date.

Exchange differences are recognised in the Statement of Comprehensive Income in the period in which they arise except for exchange differences arising on gains or losses on non-monetary items which are recognised in the Statement of Comprehensive Income.

Turnover

Turnover from the supply of services is stated net of VAT and trade discounts and represents the value of services provided under contracts to the extent that there is a right to consideration and is recorded at the fair value of the consideration received or receivable.

Where a contract has only been partially completed at the Statement of Financial Position date, revenue is recognised based on the stage of completion of the contract at the Statement of Financial Position date and included in debtors as accrued income. Where payments have been received in advance of the services provided, the amounts are recorded as deferred income as part of creditors due within one year.

Employee benefits

Defined contribution schemes
The company operates a defined contribution scheme. The amount charged to the Statement of Comprehensive Income in respect of pension costs and other post-retirement benefits is the contributions payable in the financial year. Differences between contributions payable in the financial year and contributions actually paid are included as either accruals or prepayments in the Statement of Financial Position.

Finance costs

Finance costs are charged to the Statement of Comprehensive Income over the term of the debt using the effective interest method so the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Statement of Financial Position date.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

Intangible assets

Intangible assets are stated at cost, net of amortisation and any provision for impairment. The customer lists are amortised over their estimated useful life based on the stage of progress of the underlying projects.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line basis over its expected useful life, as follows:

Computer equipment 3 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in creditors: amounts falling due within one year.

Financial instruments

The Company only enters into basic financial instruments and transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, and loans to and from related parties.

Financial assets
Basic financial assets, including trade and other debtors, and amounts due from related companies, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Such assets are subsequently carried at amortised cost using the effective interest method.

At the end of each reporting period financial assets measured at amortised cost are assessed for objective evidence of impairment. If an asset is impaired the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset’s original effective interest rate. The impairment loss is recognised in the Statement of Comprehensive Income.

Financial assets are derecognised when (a) the contractual rights to the cash flows from the asset expire or are settled, or (b) substantially all the risks and rewards of the ownership of the asset are transferred to another party or (c) control of the asset has been transferred to another party who has the practical ability to unilaterally sell the asset to an unrelated third party without imposing additional restrictions.

Financial liabilities
Basic financial liabilities, including trade and other creditors and accruals, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Trade creditors are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Financial liabilities are derecognised when the liability is extinguished, that is when the contractual obligation is discharged, cancelled or expires.

Financial assets and liabilities are offset and the net amounts presented in the financial statements when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Provisions

Provisions are recognised when the company has a present obligation (legal or constructive) as a result of a past event, it is probable that the company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the Statement of Financial Position date, taking into account the risks and uncertainties surrounding the obligation. Where a provision is measured using the cash flows estimated to settle the present obligation, its carrying amount is the present value of those cash flows (when the effect of the time value of money is material).

When some or all of the economic benefits required to settle a provision are expected to be recovered from a third party, a receivable is recognised as an asset if it is virtually certain that reimbursement will be received and the amount of the receivable can be measured reliably.

2. Prior year adjustment

During the year, the directors recognised errors in the financial statements to 30 June 2023. The errors have been addressed in prior year adjustments and include the release of deferred income for closed projects and balance sheet presentational adjustments. The effect of these adjustments on the financial statement line items are as follows:

As previously reported Adjustment As restated
Year ended 30 June 2023 £ £ £
Turnover 546,909 18,972 565,881
Trade debtors 171,985 (26,792) 145,193
Prepayments 239,336 46,526 285,862
Accruals and deferred income (1,686,728) (762) (1,687,490)
Profit and loss account (53,845) 18,972 (34,873)

3. Employees

2024 2023
Number Number
Monthly average number of persons employed by the company during the year, including directors 11 7

4. Intangible assets

Other intangible assets Total
£ £
Cost
At 01 July 2023 226,842 226,842
Additions 2 2
At 30 June 2024 226,844 226,844
Accumulated amortisation
At 01 July 2023 107,463 107,463
Charge for the financial year 37,041 37,041
At 30 June 2024 144,504 144,504
Net book value
At 30 June 2024 82,340 82,340
At 30 June 2023 119,379 119,379

5. Tangible assets

Computer equipment Total
£ £
Cost
At 01 July 2023 16,643 16,643
Additions 7,513 7,513
At 30 June 2024 24,156 24,156
Accumulated depreciation
At 01 July 2023 9,137 9,137
Charge for the financial year 4,622 4,622
At 30 June 2024 13,759 13,759
Net book value
At 30 June 2024 10,397 10,397
At 30 June 2023 7,506 7,506

6. Debtors

2024 2023
£ £
Trade debtors 181,958 145,193
Prepayments 355,439 285,862
VAT recoverable 5,959 0
Other debtors 9,565 4,274
552,921 435,329

7. Creditors: amounts falling due within one year

2024 2023
£ £
Trade creditors 39,541 50,504
Accruals and deferred income 2,102,298 1,687,490
Corporation tax 14,024 0
Other taxation and social security 12,092 8,975
Other creditors 2,274 1,035
2,170,229 1,748,004

8. Creditors: amounts falling due after more than one year

2024 2023
£ £
Other loans (secured) 0 50,789
Accruals 0 11,324
Other creditors 0 30,000
0 92,113

Other loans are secured on the assets of the company.

9. Called-up share capital

2024 2023
£ £
Allotted, called-up and fully-paid
1,449 Ordinary shares of £ 0.01 each 14 14

10. Financial commitments

Commitments

Total future minimum lease payments under non-cancellable operating leases are as follows:

2024 2023
£ £
within one year 7,143 6,528

Pensions

The company operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the company in an independently administered fund. Contributions totalling £2,274 (2023: £1,035) were payable to the fund at the Statement of Financial Position date and are included in other creditors due within one year.

11. Audit Opinion

The auditor's report on the accounts for the financial year ended 30 June 2024 was unqualified.

The audit report was signed on 26 March 2025 by Georgette Alicia Crisp BSc (Hons) FCA on behalf of MHA.