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Company Registration No. 10621733 (England and Wales)
SYRON MAINWARING FINANCIAL LIMITED Unaudited accounts for the year ended 31 March 2024
SYRON MAINWARING FINANCIAL LIMITED Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
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SYRON MAINWARING FINANCIAL LIMITED Company Information for the year ended 31 March 2024
Director
M Turner
Company Number
10621733 (England and Wales)
Registered Office
C/O Capital Assets Global Ltd Suite 6 Milton Keynes Business Centre Milton Keynes Buckinghamshire MK14 6GD
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SYRON MAINWARING FINANCIAL LIMITED Statement of financial position as at 31 March 2024
2024
2023
Notes
£
£
Fixed assets
Tangible assets
4
480
720
Current assets
Debtors
5
11,358
11,358
Cash at bank and in hand
9
100
11,367
11,458
Creditors: amounts falling due within one year
6
(5,844)
(2,577)
Net current assets
5,523
8,881
Total assets less current liabilities
6,003
9,601
Creditors: amounts falling due after more than one year
7
(32,093)
(32,561)
Net liabilities
(26,090)
(22,960)
Capital and reserves
Called up share capital
1
1
Profit and loss account
(26,091)
(22,961)
Shareholders' funds
(26,090)
(22,960)
For the year ending 31 March 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 director acknowledges his 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 12 September 2025 and were signed on its behalf by
M Turner Director Company Registration No. 10621733
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SYRON MAINWARING FINANCIAL LIMITED Notes to the Accounts for the year ended 31 March 2024
1
Statutory information
SYRON MAINWARING FINANCIAL LIMITED is a private company, limited by shares, registered in England and Wales, registration number 10621733. The registered office is C/O Capital Assets Global Ltd Suite 6, Milton Keynes Business Centre, Milton Keynes, Buckinghamshire, MK14 6GD.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
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 from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
20% Straight line
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
Foreign exchange
Monetary 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 rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
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SYRON MAINWARING FINANCIAL LIMITED Notes to the Accounts for the year ended 31 March 2024
4
Tangible fixed assets
Plant & machinery
£
Cost or valuation
At cost
At 1 April 2023
1,200
At 31 March 2024
1,200
Depreciation
At 1 April 2023
480
Charge for the year
240
At 31 March 2024
720
Net book value
At 31 March 2024
480
At 31 March 2023
720
5
Debtors
2024
2023
£
£
Amounts falling due within one year
Deferred tax asset
5,358
5,358
Other debtors
6,000
6,000
11,358
11,358
6
Creditors: amounts falling due within one year
2024
2023
£
£
Other creditors
1,199
-
Loans from directors
4,144
2,076
Accruals
501
501
5,844
2,577
7
Creditors: amounts falling due after more than one year
2024
2023
£
£
Bank loans
32,093
32,561
8
Average number of employees
During the year the average number of employees was 0 (2023: 0).
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