SYE Creative Digital & Design Services Ltd 14990601 false 2023-07-10 2024-07-31 2024-07-31 The principal activity of the company is that of digital design services Digita Accounts Production Advanced 6.30.9574.0 true 14990601 2023-07-10 2024-07-31 14990601 2024-07-31 14990601 core:RetainedEarningsAccumulatedLosses 2024-07-31 14990601 core:ShareCapital 2024-07-31 14990601 core:CurrentFinancialInstruments 2024-07-31 14990601 core:CurrentFinancialInstruments core:WithinOneYear 2024-07-31 14990601 bus:SmallEntities 2023-07-10 2024-07-31 14990601 bus:AuditExemptWithAccountantsReport 2023-07-10 2024-07-31 14990601 bus:FilletedAccounts 2023-07-10 2024-07-31 14990601 bus:SmallCompaniesRegimeForAccounts 2023-07-10 2024-07-31 14990601 bus:RegisteredOffice 2023-07-10 2024-07-31 14990601 bus:Director1 2023-07-10 2024-07-31 14990601 bus:PrivateLimitedCompanyLtd 2023-07-10 2024-07-31 14990601 countries:EnglandWales 2023-07-10 2024-07-31 iso4217:GBP xbrli:pure

Registration number: 14990601

SYE Creative Digital & Design Services Ltd

Unaudited Filleted Financial Statements

for the Period from 10 July 2023 to 31 July 2024

 

SYE Creative Digital & Design Services Ltd

(Registration number: 14990601)
Balance Sheet as at 31 July 2024

Note

2024
£

Current assets

 

Cash at bank and in hand

 

6,869

Creditors: Amounts falling due within one year

4

(11,695)

Total assets less current liabilities

 

(4,826)

Provisions for liabilities

955

Net liabilities

 

(3,871)

Capital and reserves

 

Called up share capital

200

Retained earnings

(4,071)

Shareholders' deficit

 

(3,871)

For the financial period ending 31 July 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' 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 directors acknowledge their 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 and 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 directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 25 February 2025 and signed on its behalf by:
 

.........................................
Mr S Pointer
Director

 

SYE Creative Digital & Design Services Ltd

Notes to the Unaudited Financial Statements for the Period from 10 July 2023 to 31 July 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:
The Corner House
2 High Street
Aylesford
Kent
ME20 7BG
England

These financial statements were authorised for issue by the Board on 25 February 2025.

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.

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 sales/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.

Tax

The tax expense for the period comprises deferred tax. Tax is recognised in 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.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when 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.

 

SYE Creative Digital & Design Services Ltd

Notes to the Unaudited Financial Statements for the Period from 10 July 2023 to 31 July 2024

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.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

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.

3

Staff numbers

The average number of persons employed by the company (including directors) during the period, was 2.

 

SYE Creative Digital & Design Services Ltd

Notes to the Unaudited Financial Statements for the Period from 10 July 2023 to 31 July 2024

4

Creditors

Note

2024
£

Due within one year

 

Loans and borrowings

5

10,495

Accruals and deferred income

 

1,200

 

11,695

5

Loans and borrowings

Current loans and borrowings

2024
£

Other borrowings

10,495