SYFSYS LTD Filleted Accounts Cover
SYFSYS LTD
Company No. 06950655
Information for Filing with The Registrar
31 July 2024
SYFSYS LTD Directors Report Registrar
The Director presents his report and the accounts for the year ended 31 July 2024.
Principal activities
The principal activity of the company during the year under review was .
Director
The Director who served at any time during the year was as follows:
S. Yao
The above report has been prepared in accordance with the provisions applicable to companies subject to the small companies regime as set out in Part 15 of the Companies Act 2006.
Signed on behalf of the board
S. Yao
Director
31 July 2024
SYFSYS LTD Balance Sheet Registrar
at
31 July 2024
Company No.
06950655
Notes
2024
2023
£
£
Fixed assets
Tangible assets
4
7,3377,337
7,3377,337
Current assets
Cash at bank and in hand
17,61214,791
17,61214,791
Creditors: Amount falling due within one year
5
(39,709)
(36,888)
Net current liabilities
(22,097)
(22,097)
Total assets less current liabilities
(14,760)
(14,760)
Net liabilities
(14,760)
(14,760)
Capital and reserves
Called up share capital
2,7002,700
Profit and loss account
7
(17,460)
(17,460)
Total equity
(14,760)
(14,760)
These accounts have been prepared in accordance with the special provisions applicable to companies subject to the small companies regime of the Companies Act 2006.
For the year ended 31 July 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
As permitted by section 444 (5A)of the Companies Act 2006 the directors have not delivered to the Registrar a copy of the company's profit and loss account.
Approved by the board on 31 July 2024 and signed on its behalf by:
S. Yao
Director
31 July 2024
SYFSYS LTD Notes to the Accounts Registrar
for the year ended 31 July 2024
1
General information
SYFSYS LTD is a private company limited by shares and incorporated in England and Wales.
Its registered number is: 06950655
Its registered office is:
3 Pope Close
Wimbledon
London
SW19 1TT
The accounts have been prepared in accordance with FRS 102 Section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
2
Accounting policies
Turnover
Turnover is measured at the fair value of the consideration received or receivable. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
Trade and other debtors
Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method, less impairment losses for bad and doubtful debts.
Trade and other creditors
Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.
Provisions
Provisions are made where an event has taken place that gives the Company a legal or constructive obligation that probably requires settlement by a transfer of economic benefit, and a reliable estimate can be made of the amount of the obligation.

Provisions are charged as an expense to the profit and loss account in the year that the Company becomes aware of the obligation, and are measured at the best estimate at balance sheet date of the expenditure required to settle the obligation, taking into account relevant risks and uncertainties.

When payments are eventually made, they are charged to the provision carried in the balance sheet.
3
Employees
2024
2023
Number
Number
The average monthly number of employees (including directors) during the year was:
22
4
Tangible fixed assets
Fixtures, fittings and equipment
Total
£
£
Cost or revaluation
At 1 August 2023
17,98317,983
At 31 July 2024
17,98317,983
Depreciation
At 1 August 2023
10,64610,646
At 31 July 2024
10,64610,646
Net book values
At 31 July 2024
7,3377,337
At 31 July 2023
7,337
7,337
5
Creditors:
amounts falling due within one year
2024
2023
£
£
Bank loans and overdrafts
9,9379,990
Other loans
6,2298,620
Taxes and social security
23,543
18,278
39,70936,888
6
Share Capital
Ordinary Share Capital
7
Reserves
Profit and loss account - includes all current and prior period retained profits and losses.
8
Dividends
2024
2023
£
£
Dividends for the period:
Dividends paid in the period
1,200
-
1,200
-
Dividends by type:
Non-equity preference dividends
1,200-
1,200
-
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