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REGISTERED NUMBER: SC196565 (Scotland)















Unaudited Financial Statements for the Year Ended 31 March 2025

for

SYFA Limited

SYFA Limited (Registered number: SC196565)






Contents of the Financial Statements
for the Year Ended 31 March 2025




Page

Statement of Financial Position 1

Notes to the Financial Statements 2


SYFA Limited (Registered number: SC196565)

Statement of Financial Position
31 March 2025

31.3.25 31.3.24
Notes £    £   
FIXED ASSETS
Tangible assets 4 4,032 3,376

CURRENT ASSETS
Debtors 5 37,300 28,385
Cash at bank 124,607 114,119
161,907 142,504
CREDITORS
Amounts falling due within one year 6 (33,171 ) (14,705 )
NET CURRENT ASSETS 128,736 127,799
TOTAL ASSETS LESS CURRENT
LIABILITIES

132,768

131,175

RESERVES
Income and expenditure account 132,768 131,175
132,768 131,175

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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 surplus or deficit 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 14 June 2025 and were signed on its behalf by:





M Trotter - Director


SYFA Limited (Registered number: SC196565)

Notes to the Financial Statements
for the Year Ended 31 March 2025

1. STATUTORY INFORMATION

SYFA Limited is a Company Limited by Guarantee, registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.

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 and services in respect of (activity), excluding value added tax. Sales are recognised at the point at which the goods are delivered or the service is complete.

Tangible fixed assets and depreciation
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 33% on cost

Tangible fixed assets are stated at cost less depreciation. Cost represent purchase price together with any incidental costs of acquisition.

The directors have considered the residual value of all tangible fixed assets to be immaterial and therefore all tangible fixed assets are depreciated to nil value.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to surplus or deficit 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.

Provisions
Provisions are recognised when the company has a legal or constructive obligation as a result of a past event, it is probable that an outflow of resources will be required to settle the obligation, and the amount has been reliably estimated. Provisions are not recognised for future operating losses. Provisions are discounted where the time value of money is material.

Where there are a number of similar obligations, the likelihood that an outflow will be required in settlement is determined by considering the class of obligations as a whole. A provision is recognised even if the likelihood of an outflow with respect to any one item included in the same class of obligations may be small.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 10 (2024 - 11 ) .

SYFA Limited (Registered number: SC196565)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2025

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2024 290,505
Additions 4,692
At 31 March 2025 295,197
DEPRECIATION
At 1 April 2024 287,129
Charge for year 4,036
At 31 March 2025 291,165
NET BOOK VALUE
At 31 March 2025 4,032
At 31 March 2024 3,376

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.25 31.3.24
£    £   
Other debtors 37,300 28,385

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.25 31.3.24
£    £   
Trade creditors 14,918 -
Taxation and social security 12,664 4,556
Other creditors 5,589 10,149
33,171 14,705

7. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

There were no material transactions with directors during the year.

8. ULTIMATE CONTROLLING PARTY

The directors are of the opinion that there is no ultimate controlling party.