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REGISTERED NUMBER: 11422969 (England and Wales)















Cysiam Limited

Unaudited Financial Statements for the Year Ended 30 November 2024






Cysiam Limited (Registered number: 11422969)






Contents of the Financial Statements
for the year ended 30 November 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Cysiam Limited

Company Information
for the year ended 30 November 2024







DIRECTORS: S Lancaster
D Allan
J R Kench
L Matthews





REGISTERED OFFICE: 1 New Street
Wells
Somerset
BA5 2LA





REGISTERED NUMBER: 11422969 (England and Wales)





ACCOUNTANTS: Webb & Co Ltd
Accountants and Business Advisers
One New Street
Wells
Somerset
BA5 2LA

Cysiam Limited (Registered number: 11422969)

Balance Sheet
30 November 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Intangible assets 4 106,542 105,812
Tangible assets 5 95,792 153,259
202,334 259,071

CURRENT ASSETS
Stocks 138,059 20,311
Debtors 6 452,391 861,779
Cash at bank 1,466,424 599,689
2,056,874 1,481,779
CREDITORS
Amounts falling due within one year 7 867,284 312,788
NET CURRENT ASSETS 1,189,590 1,168,991
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,391,924

1,428,062

CREDITORS
Amounts falling due after more than one
year

8

5,650

15,650
NET ASSETS 1,386,274 1,412,412

CAPITAL AND RESERVES
Called up share capital 10 1,209 1,209
Share premium 1,447,148 1,459,398
Retained earnings (62,083 ) (48,195 )
1,386,274 1,412,412

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 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.

Cysiam Limited (Registered number: 11422969)

Balance Sheet - continued
30 November 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 by the Board of Directors and authorised for issue on 11 May 2025 and were signed on its behalf by:





S Lancaster - Director


Cysiam Limited (Registered number: 11422969)

Notes to the Financial Statements
for the year ended 30 November 2024

1. STATUTORY INFORMATION

Cysiam Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

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 the amounts (excluding value added tax) derived from the provision of services to clients during the year. Revenue is recognised in the profit and loss account by reference to the stage of completion at the year end, provided that a right to consideration has been obtained through performance. Consideration accrues as contract activity progresses by reference to the value of work performed.

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.

Development costs are being amortised evenly over their estimated useful life of five years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 33.3% on cost and 20% on cost
Fixtures and fittings - 20% on cost

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.


Cysiam Limited (Registered number: 11422969)

Notes to the Financial Statements - continued
for the year ended 30 November 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

Loans and borrowings
Loans and borrowings are initially recognised at the transaction price including transaction costs. Subsequently, they are measured at amortised cost using the effective interest rate method, less impairment. If an arrangement constitutes a finance transaction it is measured at present value.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 36 (2023 - 35 ) .

4. INTANGIBLE FIXED ASSETS
Develop-
ment
costs
£   
COST
At 1 December 2023 139,561
Additions 31,951
At 30 November 2024 171,512
AMORTISATION
At 1 December 2023 33,749
Amortisation for year 31,221
At 30 November 2024 64,970
NET BOOK VALUE
At 30 November 2024 106,542
At 30 November 2023 105,812

Cysiam Limited (Registered number: 11422969)

Notes to the Financial Statements - continued
for the year ended 30 November 2024

5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and
machinery fittings Totals
£    £    £   
COST
At 1 December 2023 257,546 12,569 270,115
Additions 11,186 980 12,166
At 30 November 2024 268,732 13,549 282,281
DEPRECIATION
At 1 December 2023 114,133 2,723 116,856
Charge for year 67,023 2,610 69,633
At 30 November 2024 181,156 5,333 186,489
NET BOOK VALUE
At 30 November 2024 87,576 8,216 95,792
At 30 November 2023 143,413 9,846 153,259

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 279,237 653,994
Other debtors 173,154 207,785
452,391 861,779

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 10,000 10,000
Trade creditors 200,079 88,644
Taxation and social security 195,011 197,163
Other creditors 462,194 16,981
867,284 312,788

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 5,650 15,650

9. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2024 2023
£    £   
Within one year 30,000 30,000

Cysiam Limited (Registered number: 11422969)

Notes to the Financial Statements - continued
for the year ended 30 November 2024

10. CALLED UP SHARE CAPITAL

Allotted, allotted and fully paid :
Number: Class: Nominal 2024 2023
Value £ p £ p
751,228 Ordinary A £0.001 751.23 800.00
273,338 Ordinary B1 £0.001 273.34 224.57
62,022 Ordinary B2 £0.001 62.02 62.02
122,861 Ordinary C £0.001 122.86 122.86

1,209.45 1209.45




On 1 May 2024, 48,722 Ordinary A shares of £0.001 each were reclassified as 48,722 Ordinary B1 shares of £0.001 each.