Registered number
04688157
SYMBIOSIS UK LIMITED
Filleted Accounts
31 March 2024
SYMBIOSIS UK LIMITED
Registered number: 04688157
Balance Sheet
as at 31 March 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 558,765 510,940
Current assets
Debtors 4 325,916 159,479
Cash at bank and in hand 723,616 753,837
1,049,532 913,316
Creditors: amounts falling due within one year 5 (911,490) (639,352)
Net current assets 138,042 273,964
Total assets less current liabilities 696,807 784,904
Creditors: amounts falling due after more than one year 6 (28,000) (80,000)
Provisions for liabilities (139,691) (97,138)
Net assets 529,116 607,766
Capital and reserves
Called up share capital 90 90
Profit and loss account 529,026 607,676
Shareholder's funds 529,116 607,766
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Nigel Dean Targett
Director
Approved by the board on 26 March 2025
SYMBIOSIS UK LIMITED
Notes to the Accounts
for the year ended 31 March 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Short leasehold land and buildings Over the term of the lease
Plant and machinery 15% reducing balance
Office equipment 5 years straight line
Motor vehicles 25% reducing balance
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 20 21
3 Tangible fixed assets
Leasehold improvements Plant and machinery etc Motor vehicles Total
£ £ £ £
Cost
At 1 April 2023 25,441 553,983 113,905 693,329
Additions - 175,484 - 175,484
At 31 March 2024 25,441 729,467 113,905 868,813
Depreciation
At 1 April 2023 12,440 130,092 39,857 182,389
Charge for the year 2,889 106,258 18,512 127,659
At 31 March 2024 15,329 236,350 58,369 310,048
Net book value
At 31 March 2024 10,112 493,117 55,536 558,765
At 31 March 2023 13,001 423,891 74,048 510,940
4 Debtors 2024 2023
£ £
Trade debtors 302,888 132,978
Other debtors 23,028 26,501
325,916 159,479
5 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 48,000 76,000
Trade creditors 282,431 133,530
Directors loan account (4,251) (3,751)
Corporation Tax 220,170 167,630
Taxation and social security costs 43,874 48,445
Value Added Tax 42,608 42,377
Other creditors 278,658 175,121
911,490 639,352
6 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 28,000 80,000
7 Directors' transactions 2024
£
Opening balance 8,980
Repaid (8,980)
Advanced 8,980
Closing balance 8,980
Interest free loan
8 Other information
SYMBIOSIS UK LIMITED is a private company limited by shares and incorporated in England.
6th Floor Linen Hall
162-168 Regent Street
London
W1B 5TG
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