Syzygy Renewables Limited

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—6

1. General Information

Syzygy Renewables Limited is a private company, limited by shares, incorporated in England & Wales, registered number 07597351 . The registered office is 2.13 Runway East 20 St. Thomas Street, London, SE1 9RS.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

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

2.2. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

2.3. Intangible Fixed Assets and Amortisation - Goodwill

Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to profit and loss account over its estimated economic life of 10 years.

2.4. Research and Development

In the research phase of an internal project it is not possible to demonstrate that the project will generate future economic benefits and hence all expenditure on research is recognised as an expense when it is incurred. Intangible assets are recognised from the development phase of a project if and only if certain specific criteria are met in order to demonstrate the asset will generate probable future economic benefits and that its cost can be reliably measured. The capitalised development costs are subsequently amortised to 10 years on a straight line basis over their expected useful economic lives, which range from 5 to 10 years.

If it is not possible to distinguish between the research phase and the development phase of an internal project the expenditure is treated as if it were all incurred in the research phase only.

2.5. Intangible Fixed Assets and Amortisation - Intellectual Property

Intellectual property assets are patents and tradebmarks. It is amortised to the profit and loss account over its estimated economic life of 10 years.

2.6. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Leasehold	5 years on cost
Motor Vehicles	25% reducing balance
Fixtures & Fittings	25% reducing balance
Computer Equipment	3 years on cost

2.7. Leasing and Hire Purchase Contracts

Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the profit and loss account as incurred.

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Syzygy Renewables Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

2.8. Financial Instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other

Financial Instruments Issues’ of FRS 102 to all of its financial instruments. Financial instruments are recognised in the Company's statement of financial position when the company becomes party to the contractual provisions of the

instrument. Financial assets and liabilities are offset and the net amounts presented in the financial statements where there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price

including transaction costs and are subsequently carried at amortised cost using the effective interest method unless

the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the

future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Impairment of financial assets

Financial assets, other than those held at fair value through profit and loss, are assessed for indicators of impairment at each reporting end date. Financial assets are impaired where there is objective evidence that, as a result of one or more events that occurred after the initial recognition of the financial asset, the estimated future cash flows have been affected.If an asset is impaired, the impairment loss is the difference between the carrying

impairment loss is recognised in profit or loss. If there is a decrease in the impairment loss arising from an event

occurring after the impairment was recognised, the impairment is reversed. The reversal is such that the current

carrying amount does not exceed what the carrying amount would have been, had the impairment not previously been recognised. The impairment reversal is recognised in profit or loss.

Classification of financial liabilities

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 company after deducting all of its liabilities.

2.9. Foreign Currencies

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 rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.

2.10. Taxation

Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.

Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 55 (2024: 57)

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Syzygy Renewables Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

4. Intangible Assets

	Goodwill	Development Costs	Intellectual Property	Total
	£	£	£	£
Cost
As at 1 April 2024	104,555	255,387	24,570	384,512

As at 31 March 2025	104,555	255,387	24,570	384,512

Amortisation
As at 1 April 2024	104,554	110,649	4,914	220,117
Provided during the period	-	21,168	2,457	23,625

As at 31 March 2025	104,554	131,817	7,371	243,742

Net Book Value
As at 31 March 2025	1	123,570	17,199	140,770

As at 1 April 2024	1	144,738	19,656	164,395

5. Tangible Assets

	Land & Property
	Leasehold	Motor Vehicles	Fixtures & Fittings	Computer Equipment	Total
	£	£	£	£	£
Cost
As at 1 April 2024	40,411	32,112	23,704	209,200	305,427
Additions	6,622	-	-	4,762	11,384

As at 31 March 2025	47,033	32,112	23,704	213,962	316,811

Depreciation
As at 1 April 2024	16,164	14,049	19,097	140,401	189,711
Provided during the period	9,407	4,516	1,152	46,279	61,354

As at 31 March 2025	25,571	18,565	20,249	186,680	251,065

Net Book Value
As at 31 March 2025	21,462	13,547	3,455	27,282	65,746

As at 1 April 2024	24,247	18,063	4,607	68,799	115,716

6. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	505,880	1,125,942
Amounts owed by group undertakings	-	4,904
Other debtors	333,211	122,262

	839,091	1,253,108

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Syzygy Renewables Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

7. Current Asset Investments

	2025	2024
	£	£
Shares in subsidiaries	1	1

8. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Net obligations under finance lease and hire purchase contracts	3,675	3,675
Trade creditors	217,689	190,974
Bank loans and overdrafts	115,352	49,555
Other creditors	470,704	265,228
Taxation and social security	365,668	502,238

	1,173,088	1,011,670

9. Creditors: Amounts Falling Due After More Than One Year

	2025	2024
	£	£
Net obligations under finance lease and hire purchase contracts	15,077	18,812
Bank loans	130,638	67,103

	145,715	85,915

10. Obligations Under Finance Leases and Hire Purchase

	2025	2024
	£	£
The future minimum finance lease payments are as follows:
Not later than one year	3,675	3,675
Later than one year and not later than five years	15,077	18,812

	18,752	22,487

	18,752	22,487

11. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	150	150

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		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Intangible Assets	4		140,770		164,395
Tangible Assets	5		65,746		115,716

			206,516		280,111
CURRENT ASSETS
Debtors	6	839,091		1,253,108
Investments	7	1		1
Cash at bank and in hand		386,391		950,314

		1,225,483		2,203,423
Creditors: Amounts Falling Due Within One Year	8	(1,173,088 )		(1,011,670 )

NET CURRENT ASSETS (LIABILITIES)			52,395		1,191,753

TOTAL ASSETS LESS CURRENT LIABILITIES			258,911		1,471,864

Creditors: Amounts Falling Due After More Than One Year	9		(145,715 )		(85,915 )

PROVISIONS FOR LIABILITIES
Deferred Taxation			-		(33,980 )

NET ASSETS			113,196		1,351,969

CAPITAL AND RESERVES
Called up share capital	11		150		150
Capital redemption reserve			150		150
Profit and Loss Account			112,896		1,351,669

SHAREHOLDERS' FUNDS			113,196		1,351,969