Registration number: 03671355

Sympatec Limited

Contents

Balance Sheet	1
Notes to the Financial Statements	2 to 6

Sympatec Limited

Balance Sheet
31 December 2024

	Note	2024 £	2023 £
Fixed assets
Tangible assets	4	67,995	43,044
Current assets
Stocks	5	452,061	474,138
Debtors	6	364,522	316,377
Cash at bank and in hand		1,840,332	1,676,808
		2,656,915	2,467,323
Creditors: Amounts falling due within one year	7	(1,129,918)	(935,449)
Net current assets		1,526,997	1,531,874
Net assets		1,594,992	1,574,918
Capital and reserves
Called up share capital		100	100
Retained earnings		1,594,892	1,574,818
Shareholders' funds		1,594,992	1,574,918

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the Directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 9 September 2025 and signed on its behalf by:
 

......................................... Dr S S Rothele Company secretary and director

Company Registration Number: 03671355

Sympatec Limited

Notes to the Financial Statements
Year Ended 31 December 2024

1	General information

The Company is a private company limited by share capital, incorporated in England & Wales.

The address of its registered office is:
Unit B2 Waterfold House
Waterfold Business Park
Bury
Lancashire
BL9 7BR

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Audit report

The Independent Auditor's Report was unqualified. . The name of the Senior Statutory Auditor who signed the audit report on 9 September 2025 was Peter G Nicol BEM BSc FCA, who signed for and on behalf of Horsfield & Smith.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the Company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The Company recognises revenue when: the amount of revenue can be reliably measured; it is probable that future economic benefits will flow to the entity; and specific criteria have been met for each of the Company's activities.

Sympatec Limited

Notes to the Financial Statements
Year Ended 31 December 2024

Government grants

Government grants in respect of capital expenditure are credited to a deferred income account and are released to profit over the expected useful lives of the relevant assets by equal annual instalments. Grants of a revenue nature are credited to income so as to match them with the expenditure to which they relate.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates taxable income.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Motor Vehicles	20% Straight-line
Fixtures & Fittings	10% - 33.3% Straight-line

Investment property

Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually by external valuers. The valuers use observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in profit or loss.

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.

Sympatec Limited

Notes to the Financial Statements
Year Ended 31 December 2024

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.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

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 creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the Company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

Sympatec Limited

Notes to the Financial Statements
Year Ended 31 December 2024

3	Staff numbers

The average number of persons employed by the Company (including Directors) during the year, was 7 (2023 - 7).

4	Tangible assets

	Fixtures and fittings £	Motor vehicles  £	Other tangible assets  £	Total £
Cost or valuation
At 1 January 2024	4,053	103,034	19,354	126,441
Additions	4,990	-	35,552	40,542
Disposals	-	(34,455)	-	(34,455)
At 31 December 2024	9,043	68,579	54,906	132,528
Depreciation
At 1 January 2024	3,242	66,229	13,925	83,396
Restatement	-	(25,928)	-	(25,928)
Charge for the year	2,476	17,162	13,873	33,511
Eliminated on disposal	-	(26,446)	-	(26,446)
At 31 December 2024	5,718	31,017	27,798	64,533
Carrying amount
At 31 December 2024	3,325	37,562	27,108	67,995
At 31 December 2023	6,239	36,805	-	43,044

5

Stocks

	2024 £	2023 £
Other inventories	452,061	474,138

Sympatec Limited

Notes to the Financial Statements
Year Ended 31 December 2024

6

Debtors

Current	2024 £	2023 £
Trade debtors	342,061	266,702
Prepayments	22,461	28,944
Other debtors	-	20,731
	364,522	316,377

7

Creditors

Creditors: amounts falling due within one year

	Note	2024 £	2023 £
Due within one year
Trade creditors		5,007	12,550
Amounts owed to Group undertakings and undertakings in which the Company has a participating interest	8	941,602	731,841
Taxation and social security		26,631	36,883
Accruals and deferred income		156,527	154,175
Other creditors		151	-
		1,129,918	935,449

8	Related party transactions

Summary of transactions with parent

Sympatec GmbH is the parent company of Symatec Limited, owning 100% of the issued share capital.
 
The parent company supplies product for resale by Sympatec Limited. Payment for the goods is made periodically, as requested by the parent company.

The ultmate controlling party of the group is Dr SS Röthele.