IRIS Accounts Production v25.3.0.601 07651611 director 1.6.23 31.5.24 31.5.24 false true false false true false Ordinary 1.00000 iso4217:GBP iso4217:USD iso4217:EUR xbrli:shares xbrli:pure utr:tonnes utr:kWh 07651611 2023-05-31 07651611 2024-05-31 07651611 2023-06-01 2024-05-31 07651611 2022-05-31 07651611 2022-06-01 2023-05-31 07651611 2023-05-31 07651611 ns15:EnglandWales 2023-06-01 2024-05-31 07651611 ns14:PoundSterling 2023-06-01 2024-05-31 07651611 ns10:Director1 2023-06-01 2024-05-31 07651611 ns10:PrivateLimitedCompanyLtd 2023-06-01 2024-05-31 07651611 ns10:SmallEntities 2023-06-01 2024-05-31 07651611 ns10:AuditExempt-NoAccountantsReport 2023-06-01 2024-05-31 07651611 ns10:SmallCompaniesRegimeForDirectorsReport 2023-06-01 2024-05-31 07651611 ns10:SmallCompaniesRegimeForAccounts 2023-06-01 2024-05-31 07651611 ns10:FullAccounts 2023-06-01 2024-05-31 07651611 ns10:OrdinaryShareClass1 2023-06-01 2024-05-31 07651611 ns5:CurrentFinancialInstruments 2024-05-31 07651611 ns5:CurrentFinancialInstruments 2023-05-31 07651611 ns5:Non-currentFinancialInstruments 2024-05-31 07651611 ns5:Non-currentFinancialInstruments 2023-05-31 07651611 ns5:ShareCapital 2024-05-31 07651611 ns5:ShareCapital 2023-05-31 07651611 ns5:RetainedEarningsAccumulatedLosses 2024-05-31 07651611 ns5:RetainedEarningsAccumulatedLosses 2023-05-31 07651611 ns10:RegisteredOffice 2023-06-01 2024-05-31 07651611 ns5:ComputerEquipment 2023-06-01 2024-05-31 07651611 ns5:ComputerEquipment 2023-05-31 07651611 ns5:ComputerEquipment 2024-05-31 07651611 ns5:ComputerEquipment 2023-05-31 07651611 ns5:WithinOneYear ns5:CurrentFinancialInstruments 2024-05-31 07651611 ns5:WithinOneYear ns5:CurrentFinancialInstruments 2023-05-31 07651611 ns5:Non-currentFinancialInstruments ns5:BetweenOneTwoYears 2024-05-31 07651611 ns5:Non-currentFinancialInstruments ns5:BetweenOneTwoYears 2023-05-31 07651611 ns5:Non-currentFinancialInstruments ns5:BetweenTwoFiveYears 2024-05-31 07651611 ns5:Non-currentFinancialInstruments ns5:BetweenTwoFiveYears 2023-05-31 07651611 ns5:AcceleratedTaxDepreciationDeferredTax 2024-05-31 07651611 ns5:AcceleratedTaxDepreciationDeferredTax 2023-05-31 07651611 ns5:DeferredTaxation 2023-05-31 07651611 ns5:DeferredTaxation 2023-06-01 2024-05-31 07651611 ns5:DeferredTaxation 2024-05-31 07651611 ns10:OrdinaryShareClass1 2024-05-31

REGISTERED NUMBER: 07651611 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED

31 MAY 2024

FOR

SYLO CREATIVE DESIGN LTD

| SYLO CREATIVE DESIGN LTD (REGISTERED NUMBER: 07651611) |

CONTENTS OF THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2024

Page |

| Balance Sheet | 1 |

| Notes to the Financial Statements | 3 |

| SYLO CREATIVE DESIGN LTD (REGISTERED NUMBER: 07651611) |

BALANCE SHEET

31 MAY 2024

| 2024 | 2023 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Tangible assets | 5 | - |  | 1,129 |  |

CURRENT ASSETS

Debtors | 6 | 45,703 |  | 45,267 |  |

Cash at bank | 1 |  | 1 |  |

45,704 |  | 45,268 |  |

CREDITORS

Amounts falling due within one year | 7 | 52,050 |  | 42,902 |  |

NET CURRENT (LIABILITIES)/ASSETS | (6,346 | ) | 2,366 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | (6,346 | ) | 3,495 |  |

CREDITORS

Amounts falling due after more than one year | 8 | - |  | (3,209 | ) |

PROVISIONS FOR LIABILITIES | 9 | - |  | (215 | ) |

NET (LIABILITIES)/ASSETS | (6,346 | ) | 71 |  |

CAPITAL AND RESERVES

Called up share capital | 10 | 1 |  | 1 |  |

Retained earnings | (6,347 | ) | 70 |  |

SHAREHOLDERS' FUNDS | (6,346 | ) | 71 |  |

| SYLO CREATIVE DESIGN LTD (REGISTERED NUMBER: 07651611) |

BALANCE SHEET - continued

31 MAY 2024

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 10 October 2025 and were signed by:

Mr D Appiah - Director

| SYLO CREATIVE DESIGN LTD (REGISTERED NUMBER: 07651611) |

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2024

1. | STATUTORY INFORMATION

| Sylo Creative Design Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

| Registered number: | 07651611

| Registered office: | 48 St Leonards Road

| Bexhill on Sea

| East Sussex

| TN40 1JB

| The presentation currency of the financial statements is the Pound Sterling (£).

2. | STATEMENT OF COMPLIANCE

| 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.

3. | ACCOUNTING POLICIES

| Basis of preparing the financial statements

| The financial statements have been prepared under the historical cost convention.

| The company ceased trading on 31 May 2025 and so the accounts have been prepared on the basis that the company is no longer a going concern.

| Turnover

| Turnover represents the invoiced value of goods and services supplied by the company in the year.

| 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 | - | 25% on cost

| All fixed assets are initially recorded at cost.

| Taxation

| Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.

| SYLO CREATIVE DESIGN LTD (REGISTERED NUMBER: 07651611) |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 MAY 2024

3. | ACCOUNTING POLICIES - continued

| 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.

| 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.

| Where the contractual obligations of financial instruments (including share capital) are equivalent to a similar debt instrument, those financial instruments are classed as financial liabilities. Financial liabilities are presented as such in the balance sheet. Finance costs and gains or losses relating to financial liabilities are included in the profit and loss account. Finance costs are calculated so as to produce a constant rate of return on the outstanding liability.

| Where the contractual terms of share capital do not have any terms meeting the definition of a financial liability then this is classed as an equity instrument. Dividends and distributions relating to equity instruments are debited direct to equity.

4. | EMPLOYEES AND DIRECTORS

| The average number of employees during the year was 1 (2023 - 1 ) .

| SYLO CREATIVE DESIGN LTD (REGISTERED NUMBER: 07651611) |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 MAY 2024

5. | TANGIBLE FIXED ASSETS

| Computer

| equipmen

£ |

| COST

| At 1 June 2023

| and 31 May 2024 | 4,517 |  |

| DEPRECIATION

| At 1 June 2023 | 3,388 |  |

| Charge for year | 1,129 |  |

| At 31 May 2024 | 4,517 |  |

| NET BOOK VALUE

| At 31 May 2024 | - |  |

| At 31 May 2023 | 1,129 |  |

6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

2024 | 2023 |

£ | £ |

| Trade debtors | - |  | 1,500 |  |

| Director's current account | 34,321 |  | 31,976 |  |

| S455 tax recoverable | 11,382 |  | 10,591 |  |

| Prepayments and accrued income | - |  | 1,200 |  |

45,703 |  | 45,267 |  |

7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

2024 | 2023 |

£ | £ |

| Bank loans and overdrafts | 7,980 |  | 4,908 |  |

| Trade creditors | 2,617 |  | - |  |

| Corporation tax | 26,161 |  | 21,822 |  |

| S455 tax payable | 9,954 |  | 9,895 |  |

| Other creditors | 812 |  | 1,092 |  |

| Accruals and deferred income | 4,526 |  | 5,185 |  |

52,050 |  | 42,902 |  |

| SYLO CREATIVE DESIGN LTD (REGISTERED NUMBER: 07651611) |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 MAY 2024

8. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |

2024 | 2023 |

£ | £ |

| Bank loans - 1-2 years | - |  | 963 |  |

| Bank loans - 2-5 years | - |  | 2,246 |  |

- |  | 3,209 |  |

9. | PROVISIONS FOR LIABILITIES

2024 | 2023 |

£ | £ |

| Deferred tax

| Accelerated capital allowances | - |  | 215 |  |

| Deferred |

| tax |

£ |

| Balance at 1 June 2023 | 215 |  |

| Provided during year | (215 | ) |

| Balance at 31 May 2024 | - |  |

10. | CALLED UP SHARE CAPITAL

| Allotted, issued and fully paid:

| Number: | Class: | Nominal | 2024 | 2023 |

| value: | £ | £ |

| 1 | Ordinary | £1 | 1 |  | 1 |  |

11. | DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

| Amounts due from the director at the balance sheet date total £34,321 (2023: £31,976). Amounts due are unsecured and repayable on demand. Interest has been charged using HM Revenue and Customs' beneficial loan rate.