REGISTERED NUMBER: 09662567 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 December 2024

for

Cendyn Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

M J Bennett

REGISTERED OFFICE:

c/o Tindle's LLP, Medway House

Fudan Way

Teesdale Business Park

Stockton-on-Tees

TS17 6EN

REGISTERED NUMBER:

09662567 (England and Wales)

ACCOUNTANTS:

Robson Laidler Accountants Limited t/a Tindles

Medway House

Fudan Way

Teesdale Business Park

Stockton on Tees

TS17 6EN

FIXED ASSETS

Intangible assets

4

2,293,148

2,595,641

Tangible assets

5

3,053

4,556

Investments

6

58

58

2,296,259

2,600,255

CURRENT ASSETS

Debtors

7

11,575,284

8,298,808

Cash at bank

63,943

22,665

11,639,227

8,321,473

CREDITORS

Amounts falling due within one year

8

13,097,567

10,019,596

NET CURRENT LIABILITIES

(1,458,340

)

(1,698,123

)

TOTAL ASSETS LESS CURRENT LIABILITIES

837,919

902,132

PROVISIONS FOR LIABILITIES

8,734

13,965

NET ASSETS

829,185

888,167

CAPITAL AND RESERVES

Called up share capital

9

163,484

163,484

Retained earnings

665,701

724,683

SHAREHOLDERS' FUNDS

829,185

888,167

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 25 September 2025 and were signed by:

M J Bennett - Director

1.	STATUTORY INFORMATION

Cendyn Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

BASIS OF PREPARING THE FINANCIAL STATEMENTS

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

TURNOVER

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

GOODWILL

Goodwill, being the amount paid in connection with the acquisition of a business in 2022, is being amortised evenly over its estimated useful life of ten years.

INTANGIBLE ASSETS

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Patents and licences are being amortised evenly over their estimated useful life of ten years.

Customer relations are being amortised evenly over their estimated useful life of ten years.

Computer software is being amortised evenly over its estimated useful life of ten years.

TANGIBLE FIXED ASSETS

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Computer equipment

-

33% on reducing balance

INVESTMENTS IN SUBSIDIARIES

Investments in subsidiary undertakings are recognised at cost.

TAXATION

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

DEFERRED TAX

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

EXCHANGE RATE GAINS AND LOSSES

The net effect of exchange rate gains and losses are recognised under administrative expenses.

PENSION COSTS AND OTHER POST-RETIREMENT BENEFITS

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

HIRE PURCHASE AND LEASING COMMITMENTS

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 23 (2023 - 21 ) .

4.	INTANGIBLE FIXED ASSETS

Other

intangible

Goodwill

assets

Totals

£

£

£

COST

At 1 January 2024

and 31 December 2024

2,294,933

730,000

3,024,933

AMORTISATION

At 1 January 2024

325,692

103,600

429,292

Charge for year

229,493

73,000

302,493

At 31 December 2024

555,185

176,600

731,785

NET BOOK VALUE

At 31 December 2024

1,739,748

553,400

2,293,148

At 31 December 2023

1,969,241

626,400

2,595,641

5.	TANGIBLE FIXED ASSETS

Computer

equipment

£

COST

At 1 January 2024

and 31 December 2024

10,997

DEPRECIATION

At 1 January 2024

6,441

Charge for year

1,503

At 31 December 2024

7,944

NET BOOK VALUE

At 31 December 2024

3,053

At 31 December 2023

4,556

6.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

At 1 January 2024

and 31 December 2024

58

NET BOOK VALUE

At 31 December 2024

58

At 31 December 2023

58

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

11,160

12,324

Other debtors

11,564,124

8,286,484

11,575,284

8,298,808

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade creditors

130,625

168,504

Amounts owed to group undertakings

12,875,165

9,459,454

Taxation and social security

39,032

255,850

Other creditors

52,745

135,788

13,097,567

10,019,596

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2024

2023

value:

£

£

1

Ordinary shares

£1

1

1

200,000

Ordinary shares

$1

163,483

163,483

163,484

163,484

10.	RELATED PARTY DISCLOSURES