Cynosure Designs Limited

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

Registered number: 08692854

		2024		2023
	Notes	£	£	£	£
FIXED ASSETS
Intangible Assets	4		50,000		75,000
Tangible Assets	5		1,549		1,823

			51,549		76,823
CURRENT ASSETS
Debtors	6	13,356		61,221
Cash at bank and in hand		153		153

		13,509		61,374
Creditors: Amounts Falling Due Within One Year	7	(232,091 )		(317,557 )

NET CURRENT ASSETS (LIABILITIES)			(218,582 )		(256,183 )

TOTAL ASSETS LESS CURRENT LIABILITIES			(167,033 )		(179,360 )

Creditors: Amounts Falling Due After More Than One Year	8		(19,611 )		(22,811 )

NET LIABILITIES			(186,644 )		(202,171 )

CAPITAL AND RESERVES
Called up share capital	9		1		1
Profit and Loss Account			(186,645 )		(202,172 )

SHAREHOLDERS' FUNDS			(186,644)		(202,171)

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Cynosure Designs Limited

Balance Sheet (continued)

As At 30 September 2024

For the year ending 30 September 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Mr Sharjeel Mahmood

Director

27 February 2025

The notes on pages 3 to 6 form part of these financial statements.

1. General Information

Cynosure Designs Limited is a private company, limited by shares, incorporated in England & Wales, registered number 08692854 . The registered office is F25 Waterfront Studios, 1 Dock Road, London, United Kingdom, E16 1AH.

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. Going Concern Disclosure

The directors believe that the company is experiencing good levels of sales growth and profitability, and that it is well placed to manage its business risks successfully. Accordingly, they have a reasonable expectation that the company has adequate resources to continue in operational existence for the forseeable future. Thus they continue to adopt the going concern basis of accounting in preparing the financial statments.

2.3. 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.

Rendering of services

Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.4. 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:

Plant & Machinery	15% Reducing Balance
Fixtures & Fittings	15% Reducing Balance

2.5. 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 year 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.

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Cynosure Designs Limited

Notes to the Financial Statements (continued)

For The Year Ended 30 September 2024

2.6. Intangible Assets

Intangible assets (including purcahsed goodwill and patents) are amortised at rates calculated to write off the assets on a straight line basis over their estimated useful economic lives. Impairment of intangible assets is only reviewed where circumstances indicate that the carrying value of an asset may not be fully recoverable.

2.7. Computer software development costs

Development costs of computer software are capitalised once a detailed program design has been established and are amortised on a staright line basis over 10 years.

3. Average Number of Employees

Average number of employees, including directors, during the year was:

	2024	2023
Office and administration	1	2

	1	2

4. Intangible Assets

	Other
	£
Cost
As at 1 October 2023	250,000

As at 30 September 2024	250,000

Amortisation
As at 1 October 2023	175,000
Provided during the period	25,000

As at 30 September 2024	200,000

Net Book Value
As at 30 September 2024	50,000

As at 1 October 2023	75,000

5. Tangible Assets

	Plant & Machinery	Fixtures & Fittings	Total
	£	£	£
Cost
As at 1 October 2023	2,773	2,350	5,123

As at 30 September 2024	2,773	2,350	5,123

...CONTINUED

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Cynosure Designs Limited

Notes to the Financial Statements (continued)

For The Year Ended 30 September 2024

Depreciation
As at 1 October 2023	1,413	1,887	3,300
Provided during the period	204	70	274

As at 30 September 2024	1,617	1,957	3,574

Net Book Value
As at 30 September 2024	1,156	393	1,549

As at 1 October 2023	1,360	463	1,823

6. Debtors

	2024	2023
	£	£
Due within one year
Prepayments and accrued income	12,750	60,000
Other debtors	500	500
VAT	106	721

	13,356	61,221

7. Creditors: Amounts Falling Due Within One Year

	2024	2023
	£	£
Bank loans and overdrafts	18,074	7,745
Corporation tax	3,016	-
PAYE & Social Security	14,155	12,955
Other creditors	78,299	84,551
Accrued Expenses	3,635	2,435
Director's loan account	114,912	209,871

	232,091	317,557

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

	2024	2023
	£	£
Bank loans	19,611	22,811

9. Share Capital

	2024	2023
	£	£
Allotted, Called up and fully paid	1	1

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Cynosure Designs Limited

Notes to the Financial Statements (continued)

For The Year Ended 30 September 2024

10. Related Party Transactions

Included in the creditors falling due within one year, is an amount of £114,912 (2023 - £209,871) payable to director Mr. Sharjeel Mahmood. The loan is interest free.

11. Ultimate Controlling Party

The company's ultimate controlling party is Mr. Sharjeel Mahmood by virtue of his ownership of 100% of the issued share capital in the company.

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