6 7 Symbiotic Solutions Limited 06666355 false 2023-08-01 2024-07-31 2024-07-31 The principal activity of the company is waste management, contracting and consultancy services. Digita Accounts Production Advanced 6.30.9574.0 true 06666355 2023-08-01 2024-07-31 06666355 2024-07-31 06666355 bus:Director2 1 2024-07-31 06666355 bus:OrdinaryShareClass1 2024-07-31 06666355 core:RetainedEarningsAccumulatedLosses 2024-07-31 06666355 core:ShareCapital 2024-07-31 06666355 core:HirePurchaseContracts core:CurrentFinancialInstruments 2024-07-31 06666355 core:HirePurchaseContracts core:Non-currentFinancialInstruments 2024-07-31 06666355 core:CurrentFinancialInstruments 2024-07-31 06666355 core:CurrentFinancialInstruments core:WithinOneYear 2024-07-31 06666355 core:Non-currentFinancialInstruments core:AfterOneYear 2024-07-31 06666355 core:FurnitureFittingsToolsEquipment 2024-07-31 06666355 core:LandBuildings 2024-07-31 06666355 core:MotorVehicles 2024-07-31 06666355 core:OtherPropertyPlantEquipment 2024-07-31 06666355 bus:SmallEntities 2023-08-01 2024-07-31 06666355 bus:AuditExemptWithAccountantsReport 2023-08-01 2024-07-31 06666355 bus:FilletedAccounts 2023-08-01 2024-07-31 06666355 bus:SmallCompaniesRegimeForAccounts 2023-08-01 2024-07-31 06666355 bus:RegisteredOffice 2023-08-01 2024-07-31 06666355 bus:Director2 2023-08-01 2024-07-31 06666355 bus:Director2 1 2023-08-01 2024-07-31 06666355 bus:OrdinaryShareClass1 2023-08-01 2024-07-31 06666355 bus:PrivateLimitedCompanyLtd 2023-08-01 2024-07-31 06666355 bus:Agent1 2023-08-01 2024-07-31 06666355 core:FurnitureFittings 2023-08-01 2024-07-31 06666355 core:FurnitureFittingsToolsEquipment 2023-08-01 2024-07-31 06666355 core:LandBuildings 2023-08-01 2024-07-31 06666355 core:MotorVehicles 2023-08-01 2024-07-31 06666355 core:OfficeEquipment 2023-08-01 2024-07-31 06666355 core:OtherPropertyPlantEquipment 2023-08-01 2024-07-31 06666355 core:PlantMachinery 2023-08-01 2024-07-31 06666355 countries:EnglandWales 2023-08-01 2024-07-31 06666355 2023-07-31 06666355 bus:Director2 1 2023-07-31 06666355 core:FurnitureFittingsToolsEquipment 2023-07-31 06666355 core:LandBuildings 2023-07-31 06666355 core:MotorVehicles 2023-07-31 06666355 core:OtherPropertyPlantEquipment 2023-07-31 06666355 2022-08-01 2023-07-31 06666355 2023-07-31 06666355 bus:Director2 1 2023-07-31 06666355 bus:OrdinaryShareClass1 2023-07-31 06666355 core:RetainedEarningsAccumulatedLosses 2023-07-31 06666355 core:ShareCapital 2023-07-31 06666355 core:HirePurchaseContracts core:CurrentFinancialInstruments 2023-07-31 06666355 core:HirePurchaseContracts core:Non-currentFinancialInstruments 2023-07-31 06666355 core:CurrentFinancialInstruments 2023-07-31 06666355 core:CurrentFinancialInstruments core:WithinOneYear 2023-07-31 06666355 core:Non-currentFinancialInstruments core:AfterOneYear 2023-07-31 06666355 core:FurnitureFittingsToolsEquipment 2023-07-31 06666355 core:LandBuildings 2023-07-31 06666355 core:MotorVehicles 2023-07-31 06666355 core:OtherPropertyPlantEquipment 2023-07-31 06666355 bus:Director2 1 2022-08-01 2023-07-31 06666355 bus:Director2 1 2022-07-31 xbrli:pure iso4217:GBP xbrli:shares

Registration number: 06666355

Symbiotic Solutions Limited

Unaudited Filleted Financial Statements

for the Year Ended 31 July 2024

 

Symbiotic Solutions Limited

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 9

 

Symbiotic Solutions Limited

Company Information

Director

Mr Nicholas Patrick Tocher

Registered office

59 Abbeygate Street
Bury St Edmunds
Suffolk
IP33 1LB

Accountants

Scrutton Bland Limited
Chartered Accountants59 Abbeygate Street
Bury St Edmunds
Suffolk
IP33 1LB

 

Symbiotic Solutions Limited

(Registration number: 06666355)
Balance Sheet as at 31 July 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

382,953

280,577

Current assets

 

Debtors

5

3,853,977

1,685,275

Cash at bank and in hand

 

38,749

172,287

 

3,892,726

1,857,562

Creditors: Amounts falling due within one year

6

(2,174,801)

(616,144)

Net current assets

 

1,717,925

1,241,418

Total assets less current liabilities

 

2,100,878

1,521,995

Creditors: Amounts falling due after more than one year

6

(14,201)

(22,871)

Provisions for liabilities

(51,828)

(25,257)

Net assets

 

2,034,849

1,473,867

Capital and reserves

 

Called up share capital

7

100

100

Retained earnings

2,034,749

1,473,767

Shareholders' funds

 

2,034,849

1,473,867

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

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his 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 director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 23 April 2025
 

.........................................
Mr Nicholas Patrick Tocher
Director

 

Symbiotic Solutions Limited

Notes to the Unaudited Financial Statements for the Year Ended 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:
59 Abbeygate Street
Bury St Edmunds
Suffolk
IP33 1LB
England

The principal place of business is:
Unit A4
East Gores Farm
East Gores Road
Coggeshall
Essex
CO6 1RZ

These financial statements were authorised for issue by the director on 23 April 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 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 current and 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.

 

Symbiotic Solutions Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2024

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable 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.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction or not yet in use over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Plant and machinery

25% per year on the reducing balance

Fixtures and fittings

15% per year on the reducing balance

Office equipment

25% per year on the reducing balance

Motor vehicles

25% per year on the reducing balance

Freehold land and buildings

2% per year on cost

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 debtors

Trade debtors are invoiced amounts due from customers for services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Amounts recoverable on contracts based on the value of work carried out not invoiced at the reporting date are included in other debtors.

 

Symbiotic Solutions Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2024

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.

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessee.

Assets held under finance leases are recognised at the lower of their fair value at inception of the lease and the present value of the minimum lease payments. These assets are depreciated on a straight-line basis over the shorter of the useful life of the asset and the lease term. The corresponding liability to the lessor is included in the balance sheet as a finance lease obligation.

Lease payments are apportioned between finance costs in the profit and loss account and reduction of the lease obligation so as to achieve a constant periodic rate of interest on the remaining balance of the liability.

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.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

 

Symbiotic Solutions Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2024

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 6 (2023 - 7).

 

Symbiotic Solutions Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2024

4

Tangible assets

Land and buildings
£

Furniture, fittings and equipment
 £

Motor vehicles
 £

Plant and machinery
£

Total
£

Cost or valuation

At 1 August 2023

204,171

9,661

143,931

60,181

417,944

Additions

-

1,274

19,245

122,810

143,329

At 31 July 2024

204,171

10,935

163,176

182,991

561,273

Depreciation

At 1 August 2023

16,164

6,844

74,312

40,046

137,366

Charge for the year

4,084

787

18,745

17,338

40,954

At 31 July 2024

20,248

7,631

93,057

57,384

178,320

Carrying amount

At 31 July 2024

183,923

3,304

70,119

125,607

382,953

At 31 July 2023

188,006

2,817

69,619

20,135

280,577

Included within the net book value of land and buildings above is £183,923 (2023 - £188,006) in respect of freehold land and buildings.
 

 

Symbiotic Solutions Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2024

5

Debtors

Current

2024
£

2023
£

Trade debtors

3,080,881

486,983

Amounts owed by related parties

36,553

29,567

Prepayments

38,720

62,409

Other debtors

697,823

1,106,316

 

3,853,977

1,685,275

6

Creditors

Creditors: amounts falling due within one year

Note

2024
£

2023
£

Due within one year

 

Loans and borrowings

8

8,670

8,670

Trade creditors

 

1,885,875

476,041

Taxation and social security

 

230,734

110,906

Accruals and deferred income

 

46,491

17,813

Other creditors

 

3,031

2,714

 

2,174,801

616,144


Loans and borrowings comprise net obligations under hire purchase contracts of £8,670 (2023 - £8,670) which are secured on the assets concerned.

Creditors: amounts falling due after more than one year

Note

2024
£

2023
£

Due after one year

 

Loans and borrowings

8

14,201

22,871


Loans and borrowings comprise net obligations under hire purchase contracts of £14,201 (2023 - £22,871) which are secured on the assets concerned.

7

Share capital

Allotted, called up and fully paid shares

2024

2023

No.

£

No.

£

Ordinary shares of £0.10 each

1,000

100

1,000

100

       
 

Symbiotic Solutions Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2024

8

Loans and borrowings

Non-current loans and borrowings

2024
£

2023
£

Hire purchase contracts

14,201

22,871

Current loans and borrowings

2024
£

2023
£

Hire purchase contracts

8,670

8,670

9

Financial commitments, guarantees and contingencies

Amounts not provided for in the balance sheet

The total amount of financial commitments not included in the balance sheet is £46,046 (2023 - £60,736).

10

Related party transactions

Advances to the director

2024

At 1 August 2023
£

Advances to director
£

Repayments by director
£

At 31 July 2024
£

Mr Nicholas Patrick Tocher

Advances to director repayable on demand on which interest charged at 2.25%/2% per year

114,131

154,644

(130,000)

138,775

         
       

 

2023

At 1 August 2022
£

Advances to director
£

Repayments by director
£

At 31 July 2023
£

Mr Nicholas Patrick Tocher

Advances to director repayable on demand on which interest charged at 2.25%/2% per year

31,552

158,818

(76,239)

114,131