Symmetry Solutions Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 06968920

Symmetry Solutions Limited

Filleted Unaudited Financial Statements

31 December 2024

Symmetry Solutions Limited

Financial Statements

Year ended 31 December 2024

Contents	Page

Balance sheet	1

Notes to the financial statements	3

Symmetry Solutions Limited

Balance Sheet

31 December 2024

	2024		2023
Note	£	£	£	£

Fixed assets

Intangible assets	5	328,083	455,083
Tangible assets	6	190,659	242,560
Investments	7	454,690	639,298
		---------	------------
		973,432	1,336,941

Current assets

Debtors	8	1,691,694	783,630
Cash at bank and in hand		376,007	249,686
		------------	------------
		2,067,701	1,033,316

Creditors: amounts falling due within one year	9	( 758,936)		( 533,878)
		------------		------------
Net current assets			1,308,765		499,438
			------------		------------
Total assets less current liabilities			2,282,197		1,836,379

Creditors: amounts falling due after more than one year	10	–	( 28,020)
		------------	------------
Net assets		2,282,197	1,808,359
		------------	------------

Symmetry Solutions Limited

Balance Sheet (continued)

31 December 2024

	2024		2023
Note	£	£	£	£

Capital and reserves

Called up share capital	300	300
Profit and loss account	2,281,897	1,808,059
	------------	------------
Shareholders funds	2,282,197	1,808,359
	------------	------------

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 profit and loss account has not been delivered.

For the year ending 31 December 2024 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 30 July 2025 , and are signed on behalf of the board by:

Mr N J A Phillips

Director

Company registration number: 06968920

Symmetry Solutions Limited

Notes to the Financial Statements

Year ended 31 December 2024

1. General information

The company is a private company limited by shares, registered in England & Wales. The address of the registered office is 6 Corunna Court, Corunna Road, Warwick, CV34 5HQ.

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 investments measured at fair value through profit or loss, and in sterling which is the functional currency of the entity.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax.

Income tax

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Current tax is recognised on taxable profit for the current and past periods. Deferred tax is recognised in respect of all timing differences at the reporting date.

Foreign currencies

Foreign currency transactions are initially recorded in the functional currency, by applying the spot exchange rate as at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the exchange rate ruling at the reporting date, with any gains or losses being taken to the profit and loss account.

Intangible assets

Intangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated amortisation and impairment losses. Intangible assets acquired as part of a business combination are only recognised separately from goodwill when they arise from contractual or other legal rights, are separable, and expected future economic benefits are probable and the cost or value can be measured reliably.

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:

	Business acquisitions	-	20% straight line

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.

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:

Plant and machinery	-	25% straight line
Motor vehicles	-	20% reducing balance

Investments

Listed investments meet the definition of basic financial instruments and are initially recognised at transaction price. Listed investments are subsequently measured at fair value with changes in fair value being recognised in profit or loss.

Other loans meet the definition of a financing transaction, and are initially recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Other loans are subsequently measured at amortised cost.

All investments are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately.

Any reversals of impairment are recognised in profit or loss immediately.

Investments in associates

Investments in associates accounted for in accordance with the cost model are recorded at cost less any accumulated impairment losses.

Finance leases and hire purchase contracts

Assets held under finance leases and hire purchase contracts are recognised in the balance sheet as assets and liabilities at the lower of the fair value of the assets and the present value of the minimum lease payments, which is determined at the inception of the lease term. Any initial direct costs of the lease are added to the amount recognised as an asset. Lease payments are apportioned between the finance charges and reduction of the outstanding lease liability using the effective interest method. Finance charges are allocated to each period so as to produce a constant rate of interest on the remaining balance of the liability.

Defined contribution pension plans

Contributions to defined contribution pension 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.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 4 (2023: 2 ).

5. Intangible assets

	Business acquisitions
	£
Cost
At 1 January 2024 and 31 December 2024	635,000
	---------
Amortisation
At 1 January 2024	179,917
Charge for the year	127,000
	---------
At 31 December 2024	306,917
	---------
Carrying amount
At 31 December 2024	328,083
	---------
At 31 December 2023	455,083
	---------

6. Tangible assets

	Plant and machinery	Motor vehicles	Total
	£	£	£
Cost
At 1 January 2024	33,650	258,847	292,497
Additions	986	–	986
	--------	---------	---------
At 31 December 2024	34,636	258,847	293,483
	--------	---------	---------
Depreciation
At 1 January 2024	12,236	37,701	49,937
Charge for the year	8,657	44,230	52,887
	--------	---------	---------
At 31 December 2024	20,893	81,931	102,824
	--------	---------	---------
Carrying amount
At 31 December 2024	13,743	176,916	190,659
	--------	---------	---------
At 31 December 2023	21,414	221,146	242,560
	--------	---------	---------

7. Investments

	Shares in participating interests	Listed investments	Other loans	Total
	£	£	£	£
Cost or valuation
At 1 January 2024	11,400	432,692	195,206	639,298
Additions	400	4,309	60,000	64,709
Disposal proceeds and repayments	–	( 203,582)	( 2,206)	(205,788)
Revaluations	–	( 32,886)	–	( 32,886)
Other movements	–	–	757	757
	--------	---------	---------	---------
At 31 December 2024	11,800	200,533	253,757	466,090
	--------	---------	---------	---------
Impairment
At 1 January 2024	–	–	–	–
Impairment losses	11,400	–	–	11,400
	--------	---------	---------	---------
At 31 December 2024	11,400	–	–	11,400
	--------	---------	---------	---------

Carrying amount
At 31 December 2024	400	200,533	253,757	454,690
	--------	---------	---------	---------
At 31 December 2023	11,400	432,692	195,206	639,298
	--------	---------	---------	---------

8. Debtors

	2024	2023
	£	£
Trade debtors	1,045,334	511,133
Other debtors	646,360	272,497
	------------	---------
	1,691,694	783,630
	------------	---------

9. Creditors: amounts falling due within one year

	2024	2023
	£	£
Trade creditors	36,377	37,346
Corporation tax	313,087	125,309
Social security and other taxes	221,539	39,625
Other creditors	187,933	331,598
	---------	---------
	758,936	533,878
	---------	---------

Included with other creditors above are hire purchase liabilities of £28,020 (2023: £52,038) which are secured on the assets to which they relate.

10. Creditors: amounts falling due after more than one year

	2024	2023
	£	£
Other creditors	–	28,020
	----	--------

Included with other creditors above are hire purchase liabilities of £0 (2023: £28,020) which are secured on the assets to which they relate.

11. Directors' advances, credits and guarantees

During the year, the directors had interest-free, repayable on demand loans with the company. At the start of the year the directors were owed £25,382 by the company, and at the end of the year were owed £5,782.