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REGISTERED NUMBER: 04248470 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2025

FOR

SYNAPSYS SOLUTIONS LTD

SYNAPSYS SOLUTIONS LTD (REGISTERED NUMBER: 04248470)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2025










Page

Balance Sheet 1

Notes to the Financial Statements 2


SYNAPSYS SOLUTIONS LTD (REGISTERED NUMBER: 04248470)

BALANCE SHEET
31 JANUARY 2025

2025 2024
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 152,992 178,492
Tangible assets 5 25,205 15,430
Investments 6 3 3
178,200 193,925

CURRENT ASSETS
Stocks 134,901 261,193
Debtors 7 676,808 1,073,307
Cash at bank 2,178,697 1,384,510
2,990,406 2,719,010
CREDITORS
Amounts falling due within one year 8 1,755,923 1,766,002
NET CURRENT ASSETS 1,234,483 953,008
TOTAL ASSETS LESS CURRENT LIABILITIES 1,412,683 1,146,933

CAPITAL AND RESERVES
Called up share capital 4 4
Retained earnings 1,412,679 1,146,929
1,412,683 1,146,933

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2025 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.

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 3 June 2025 and were signed on its behalf by:





A D Devine - Director


SYNAPSYS SOLUTIONS LTD (REGISTERED NUMBER: 04248470)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2025


1. STATUTORY INFORMATION

Synapsys Solutions Ltd 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: 04248470

Registered office: Ash House, 1 Woodlands Court
Albert Drive
Burgess Hill
West Sussex
RH15 9TN

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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Turnover represents net invoiced sales of electronic controls and associated integration services provided in the period, excluding value added tax.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2021, is being amortised evenly over its estimated useful life of ten years.

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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings - 25% straight line
Office & Computer equipmt - 25% straight line


Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

Investments in subsidiaries
Investments in subsidiaries are initially measured at cost and subsequently measured at cost less any accumulated impairment losses. The investments are assessed for impairment at each reporting date and any impairment losses or reversals are recognised immediately to profit or loss.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Financial instruments
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

Taxation
Taxation for the year comprises current tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current 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.

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.

SYNAPSYS SOLUTIONS LTD (REGISTERED NUMBER: 04248470)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2025


2. ACCOUNTING POLICIES - continued

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.

3. EMPLOYEES

The average number of employees during the year was 30 (2024 - 29 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 February 2024
and 31 January 2025 254,991
AMORTISATION
At 1 February 2024 76,499
Charge for year 25,500
At 31 January 2025 101,999
NET BOOK VALUE
At 31 January 2025 152,992
At 31 January 2024 178,492

5. TANGIBLE FIXED ASSETS
Fixtures Office &
and Computer
fittings equipmt Totals
£    £    £   
COST
At 1 February 2024 29,281 69,737 99,018
Additions 400 18,273 18,673
At 31 January 2025 29,681 88,010 117,691
DEPRECIATION
At 1 February 2024 27,050 56,538 83,588
Charge for year 1,333 7,565 8,898
At 31 January 2025 28,383 64,103 92,486
NET BOOK VALUE
At 31 January 2025 1,298 23,907 25,205
At 31 January 2024 2,231 13,199 15,430

SYNAPSYS SOLUTIONS LTD (REGISTERED NUMBER: 04248470)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2025


6. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 February 2024
and 31 January 2025 254,994
PROVISIONS
At 1 February 2024
and 31 January 2025 254,991
NET BOOK VALUE
At 31 January 2025 3
At 31 January 2024 3

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Trade debtors 567,286 933,820
Directors' current accounts 2 2
Prepayments and accrued income 109,520 139,485
676,808 1,073,307

Included within debtors is a balance of £2 (2024: £2) on the directors' current accounts relating to unpaid share capital.

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Trade creditors 133,525 331,553
Amounts owed to group undertakings 3 3
Tax 262,953 237,136
Social security and other taxes 46,750 46,573
VAT 145,319 189,291
Other creditors 17,625 24,431
Accruals and deferred income 1,149,748 937,015
1,755,923 1,766,002

9. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2025 2024
£    £   
Within one year 145,702 142,144
Between one and five years 340,497 372,627
In more than five years - 17,756
486,199 532,527