Acorah Software Products - Accounts Production 16.4.675 false true true false 31 October 2023 31 October 2024 31 October 2024 15248557 Mr Romeo Young Mr Wayne Carolissen Mr Abduraghmaan Charles iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 15248557 2023-10-30 15248557 2024-10-31 15248557 2023-10-31 2024-10-31 15248557 frs-core:CurrentFinancialInstruments 2024-10-31 15248557 frs-core:Non-currentFinancialInstruments 2024-10-31 15248557 frs-core:FurnitureFittings 2024-10-31 15248557 frs-core:FurnitureFittings 2023-10-31 2024-10-31 15248557 frs-core:FurnitureFittings 2023-10-30 15248557 frs-core:ShareCapital 2024-10-31 15248557 frs-core:RetainedEarningsAccumulatedLosses 2024-10-31 15248557 frs-bus:PrivateLimitedCompanyLtd 2023-10-31 2024-10-31 15248557 frs-bus:FilletedAccounts 2023-10-31 2024-10-31 15248557 frs-bus:SmallEntities 2023-10-31 2024-10-31 15248557 frs-bus:AuditExempt-NoAccountantsReport 2023-10-31 2024-10-31 15248557 frs-bus:SmallCompaniesRegimeForAccounts 2023-10-31 2024-10-31 15248557 frs-bus:Director1 2023-10-31 2024-10-31 15248557 frs-bus:Director1 2023-10-30 15248557 frs-bus:Director1 2024-10-31 15248557 frs-bus:Director2 2023-10-31 2024-10-31 15248557 frs-bus:Director2 2023-10-30 15248557 frs-bus:Director2 2024-10-31 15248557 frs-bus:Director3 2023-10-31 2024-10-31 15248557 frs-bus:Director3 2023-10-30 15248557 frs-bus:Director3 2024-10-31 15248557 frs-countries:EnglandWales 2023-10-31 2024-10-31
Registered number: 15248557
CYC Ventures Ltd
Unaudited Financial Statements
For The Year Ended 31 October 2024
Wilkinson Accounting Solutions Limited
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 15248557
2024
Notes £ £
FIXED ASSETS
Tangible Assets 4 12,851
12,851
CURRENT ASSETS
Debtors 5 284,759
Cash at bank and in hand 628
285,387
Creditors: Amounts Falling Due Within One Year 6 (55,839 )
NET CURRENT ASSETS (LIABILITIES) 229,548
TOTAL ASSETS LESS CURRENT LIABILITIES 242,399
Creditors: Amounts Falling Due After More Than One Year 7 (347,837 )
NET LIABILITIES (105,438 )
CAPITAL AND RESERVES
Called up share capital 8 30
Profit and Loss Account (105,468 )
SHAREHOLDERS' FUNDS (105,438)
Page 1
Page 2
For the year ending 31 October 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Wayne Carolissen
Director
23/07/2025
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
CYC Ventures Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 15248557 . The registered office is Stuart House East Wing, St Johns Street, Peterborough, PE1 5DD.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Going Concern Disclosure
The directors have not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Fixtures & Fittings 25% on Reducing balance
2.4.
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 Debtors
Trade debtors are amounts due from customers for merchandise sold or 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.
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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: NIL
-
4. Tangible Assets
Fixtures & Fittings
£
Cost
As at 31 October 2023 -
Additions 14,031
As at 31 October 2024 14,031
Depreciation
As at 31 October 2023 -
Provided during the period 1,180
As at 31 October 2024 1,180
...CONTINUED
Page 3
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Net Book Value
As at 31 October 2024 12,851
As at 31 October 2023 -
5. Debtors
2024
£
Due within one year
Other debtors 284,759
6. Creditors: Amounts Falling Due Within One Year
2024
£
Trade creditors 29,139
Bank loans and overdrafts 20,000
Other creditors 6,700
55,839
7. Creditors: Amounts Falling Due After More Than One Year
2024
£
Bank loans > 1 year- LDF Finance 18,333
Amounts owed to group undertakings 329,504
347,837
8. Share Capital
2024
£
Allotted, Called up and fully paid 30
9. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 31 October 2023 Amounts advanced Amounts repaid Amounts written off As at 31 October 2024
£ £ £ £ £
Mr Romeo Young - 10 - - 10
Mr Wayne Carolissen - 10 - - 10
Mr Abduraghmaan Charles - 10 - - 10
The above loan is unsecured, interest free and repayable on demand.
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