12 false false false false false false false false false false true false false false false false false No description of principal activity 2024-05-01 Sage Accounts Production Advanced 2023 - FRS102_2023 331,627 315,046 16,581 331,627 16,581 xbrli:pure xbrli:shares iso4217:GBP 06576247 2024-05-01 2025-04-30 06576247 2025-04-30 06576247 2024-04-30 06576247 2023-05-01 2024-04-30 06576247 2024-04-30 06576247 2023-04-30 06576247 core:PlantMachinery 2024-05-01 2025-04-30 06576247 core:FurnitureFittings 2024-05-01 2025-04-30 06576247 bus:Director1 2024-05-01 2025-04-30 06576247 core:NetGoodwill 2024-04-30 06576247 core:NetGoodwill 2025-04-30 06576247 core:PlantMachinery 2024-04-30 06576247 core:FurnitureFittings 2024-04-30 06576247 core:PlantMachinery 2025-04-30 06576247 core:FurnitureFittings 2025-04-30 06576247 core:WithinOneYear 2025-04-30 06576247 core:WithinOneYear 2024-04-30 06576247 core:ShareCapital 2025-04-30 06576247 core:ShareCapital 2024-04-30 06576247 core:RetainedEarningsAccumulatedLosses 2025-04-30 06576247 core:RetainedEarningsAccumulatedLosses 2024-04-30 06576247 core:BetweenOneFiveYears 2024-04-30 06576247 core:NetGoodwill 2024-05-01 2025-04-30 06576247 core:NetGoodwill 2024-04-30 06576247 core:PlantMachinery 2024-04-30 06576247 core:FurnitureFittings 2024-04-30 06576247 bus:SmallEntities 2024-05-01 2025-04-30 06576247 bus:AuditExemptWithAccountantsReport 2024-05-01 2025-04-30 06576247 bus:SmallCompaniesRegimeForAccounts 2024-05-01 2025-04-30 06576247 bus:PrivateLimitedCompanyLtd 2024-05-01 2025-04-30 06576247 bus:FullAccounts 2024-05-01 2025-04-30
COMPANY REGISTRATION NUMBER: 06576247
Symmons Madge Associates Limited
Filleted Unaudited Financial Statements
For the year ended
30 April 2025
Symmons Madge Associates Limited
Financial Statements
Year ended 30 April 2025
Contents
Page
Statement of financial position
1
Notes to the financial statements
3
Symmons Madge Associates Limited
Statement of Financial Position
30 April 2025
2025
2024
Note
£
£
£
Fixed assets
Intangible assets
5
16,581
Tangible assets
6
10,274
14,753
--------
--------
10,274
31,334
Current assets
Debtors
7
51,900
61,986
Cash at bank and in hand
251,235
236,752
---------
---------
303,135
298,738
Creditors: amounts falling due within one year
8
85,440
76,653
---------
---------
Net current assets
217,695
222,085
---------
---------
Total assets less current liabilities
227,969
253,419
Provisions
Taxation including deferred tax
2,308
3,371
---------
---------
Net assets
225,661
250,048
---------
---------
Symmons Madge Associates Limited
Statement of Financial Position (continued)
30 April 2025
2025
2024
Note
£
£
£
Capital and reserves
Called up share capital
100
100
Profit and loss account
225,561
249,948
---------
---------
Shareholders funds
225,661
250,048
---------
---------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 30 April 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
These financial statements were approved by the board of directors and authorised for issue on 27 August 2025 , and are signed on behalf of the board by:
Mr P Symmons
Director
Company registration number: 06576247
Symmons Madge Associates Limited
Notes to the Financial Statements
Year ended 30 April 2025
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Vale Forge, North Road, Cowbridge, Vale of Glamorgan, CF71 7DF.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities measured at fair value through profit or loss. The financial statements are prepared in sterling, which is the functional currency of the entity.
Revenue recognition
The turnover shown in the profit and loss account represent amounts invoiced during the year, exclusive of Value Added Tax for training, business development and e-commerce consultancy. Revenue from the rendering of services is measured by reference to the stage of completion of the service transaction at the end of the reporting period provided that the outcome can be reliably estimated. When the outcome cannot be reliably estimated, revenue is recognised only to the extent that it is probable the expenses recognised will be recovered.
Income tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that 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 that are expected to apply to the reversal of the timing difference.
Operating leases
Lease payments are recognised as an expense over the lease term on a straight-line basis. The aggregate benefit of lease incentives is recognised as a reduction to expense over the lease term, on a straight-line basis.
Amortisation
Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:
Goodwill
-
10 years from date of transition
If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Computer equipment
-
33% reducing balance
Fixtures & fittings
-
33% reducing balance
Office equipment
-
33 % reducing balance
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.
Provisions
Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised as a finance cost in profit or loss in the period it arises.
Financial instruments
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 12 (2024: 11 ).
5. Intangible assets
Goodwill
£
Cost
At 1 May 2024 and 30 April 2025
331,627
---------
Amortisation
At 1 May 2024
315,046
Charge for the year
16,581
---------
At 30 April 2025
331,627
---------
Carrying amount
At 30 April 2025
---------
At 30 April 2024
16,581
---------
6. Tangible assets
Plant and machinery
Fixtures and fittings
Equipment
Total
£
£
£
£
Cost
At 1 May 2024
44,697
3,148
20,337
68,182
Additions
494
49
543
--------
-------
--------
--------
At 30 April 2025
45,191
3,148
20,386
68,725
--------
-------
--------
--------
Depreciation
At 1 May 2024
37,259
3,080
13,090
53,429
Charge for the year
2,573
23
2,426
5,022
--------
-------
--------
--------
At 30 April 2025
39,832
3,103
15,516
58,451
--------
-------
--------
--------
Carrying amount
At 30 April 2025
5,359
45
4,870
10,274
--------
-------
--------
--------
At 30 April 2024
7,438
68
7,247
14,753
--------
-------
--------
--------
7. Debtors
2025
2024
£
£
Trade debtors
44,851
54,959
Other debtors
7,049
7,027
--------
--------
51,900
61,986
--------
--------
8. Creditors: amounts falling due within one year
2025
2024
£
£
Trade creditors
11,600
10,190
Corporation tax
26,859
15,853
Social security and other taxes
38,794
42,182
BarclayCard Commercial Credit Card
645
Lloyds Company Credit Card
443
1,023
Other creditors
7,099
7,405
--------
--------
85,440
76,653
--------
--------
9. Operating leases
The total future minimum lease payments under non-cancellable operating leases are as follows:
2025
2024
£
£
Not later than 1 year
14,100
28,200
Later than 1 year and not later than 5 years
14,100
--------
--------
14,100
42,300
--------
--------