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REGISTERED NUMBER: 05559798 (England and Wales)














Unaudited Financial Statements

for the Year Ended 31 October 2024

for

Symbiosys Business Solutions Limited

Symbiosys Business Solutions Limited (Registered number: 05559798)






Contents of the Financial Statements
for the Year Ended 31 October 2024




Page

Balance Sheet 1

Notes to the Financial Statements 3


Symbiosys Business Solutions Limited (Registered number: 05559798)

Balance Sheet
31 October 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 2,175 2,309
Investments 6 1 1
2,176 2,310

CURRENT ASSETS
Debtors 7 118,687 40,580
Cash at bank 254,933 323,125
373,620 363,705
CREDITORS
Amounts falling due within one year 8 207,364 153,639
NET CURRENT ASSETS 166,256 210,066
TOTAL ASSETS LESS CURRENT LIABILITIES 168,432 212,376

PROVISIONS FOR LIABILITIES 544 577
NET ASSETS 167,888 211,799

CAPITAL AND RESERVES
Called up share capital 300 300
Capital reserve 12,472 12,472
Retained earnings 155,116 199,027
SHAREHOLDERS' FUNDS 167,888 211,799

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 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.

Symbiosys Business Solutions Limited (Registered number: 05559798)

Balance Sheet - continued
31 October 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 Profit and Loss Account has not been delivered.

The financial statements were approved on by the Board of Directors and authorised for issue on 19 March 2025 and were signed on its behalf by:




Mr M A Minshull - Director Mr A W Elson - Director




Mrs L F Elson - Director


Symbiosys Business Solutions Limited (Registered number: 05559798)

Notes to the Financial Statements
for the Year Ended 31 October 2024

1. STATUTORY INFORMATION

Symbiosys Business Solutions Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 05559798

Registered office: First Floor Park View House
Worrall Street
Congleton
Cheshire
CW12 1DT

The presentation currency of the financial statements is the Pound Sterling (£).


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 represents net invoiced sales of goods/services, excluding value added tax.

Revenue is recognised as the company becomes entitled to consideration for the services supplied. Therefore, turnover also includes the element of work completed but not yet invoiced.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Patents and licences are being amortised evenly over their estimated useful life of three years.

Patents and licences have now been fully amortised.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Website - 33% on cost
Plant and machinery - 50% on reducing balance
Fixtures and fittings - 25% on reducing balance
Computer equipment - 50% on reducing balance

Plant and machinery has now been fully depreciated.
Website has now been fully depreciated.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.


Symbiosys Business Solutions Limited (Registered number: 05559798)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2024

2. ACCOUNTING POLICIES - continued
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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

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 - 7 ) .

4. INTANGIBLE FIXED ASSETS
Patents
and
licences
£   
COST
At 1 November 2023
and 31 October 2024 21,975
AMORTISATION
At 1 November 2023
and 31 October 2024 21,975
NET BOOK VALUE
At 31 October 2024 -
At 31 October 2023 -

Symbiosys Business Solutions Limited (Registered number: 05559798)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2024

5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Computer
Website machinery fittings equipment Totals
£    £    £    £    £   
COST
At 1 November 2023 6,760 1,850 5,963 70,583 85,156
Additions - 1,498 - - 1,498
At 31 October 2024 6,760 3,348 5,963 70,583 86,654
DEPRECIATION
At 1 November 2023 6,760 1,850 4,875 69,362 82,847
Charge for year - 749 272 611 1,632
At 31 October 2024 6,760 2,599 5,147 69,973 84,479
NET BOOK VALUE
At 31 October 2024 - 749 816 610 2,175
At 31 October 2023 - - 1,088 1,221 2,309

6. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 November 2023
and 31 October 2024 1
NET BOOK VALUE
At 31 October 2024 1
At 31 October 2023 1

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 47,826 31,438
Other debtors 70,861 9,142
118,687 40,580

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 4,307 4,342
Taxation and social security 23,531 14,204
Other creditors 179,526 135,093
207,364 153,639