REGISTERED NUMBER: 12401689 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

FOR

SYERS MCGILL LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mrs Michaela Jayne McGill

Mr Daniel Syers

Mr David Thomas Syers

REGISTERED OFFICE:

9 Kerry Street

Horsforth

Leeds

LS18 4AW

REGISTERED NUMBER:

12401689 (England and Wales)

ACCOUNTANTS:

Syers McGill

9 Kerry Street

Horsforth

Leeds

West Yorkshire

LS18 4AW

FIXED ASSETS

Intangible assets

4

189,525

109,714

Tangible assets

5

24,709

27,909

Investments

6

100

108,996

214,334

246,619

CURRENT ASSETS

Stocks

75,889

33,282

Debtors

7

205,386

147,454

Cash at bank

65,831

54,842

347,106

235,578

CREDITORS

Amounts falling due within one year

8

277,668

202,691

NET CURRENT ASSETS

69,438

32,887

TOTAL ASSETS LESS CURRENT LIABILITIES

283,772

279,506

CREDITORS

Amounts falling due after more than one year

9

(139,925

)

(190,471

)

PROVISIONS FOR LIABILITIES

10

(6,177

)

-

NET ASSETS

137,670

89,035

CAPITAL AND RESERVES

Called up share capital

300

300

Retained earnings

137,370

88,735

SHAREHOLDERS' FUNDS

137,670

89,035

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Board of Directors and authorised for issue on 23 October 2025 and were signed on its behalf by:

Mrs Michaela Jayne McGill - Director

Mr Daniel Syers - Director

Mr David Thomas Syers - Director

1.	STATUTORY INFORMATION

Syers Mcgill 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.

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

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 represents sales of services, net of value added tax.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2020, 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.

Tangible fixed assets

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

Fixtures and fittings

-

25% on reducing balance

Computer equipment

-

25% on reducing balance

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

Stocks

Work-in-progress is valued at the lower of cost and net realisable value.

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.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 11 (2024 - 9 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 April 2024

320,000

Additions

158,996

At 31 March 2025

478,996

AMORTISATION

At 1 April 2024

210,286

Amortisation for year

79,185

At 31 March 2025

289,471

NET BOOK VALUE

At 31 March 2025

189,525

At 31 March 2024

109,714

5.	TANGIBLE FIXED ASSETS

Fixtures

and

Computer

fittings

equipment

Totals

£

£

£

COST

At 1 April 2024

30,666

10,276

40,942

Additions

884

4,151

5,035

At 31 March 2025

31,550

14,427

45,977

DEPRECIATION

At 1 April 2024

9,028

4,005

13,033

Charge for year

5,630

2,605

8,235

At 31 March 2025

14,658

6,610

21,268

NET BOOK VALUE

At 31 March 2025

16,892

7,817

24,709

At 31 March 2024

21,638

6,271

27,909

6.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

At 1 April 2024

108,996

Reclassification/transfer

(108,896

)

At 31 March 2025

100

NET BOOK VALUE

At 31 March 2025

100

At 31 March 2024

108,996

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade debtors

193,340

119,048

Amounts owed by group undertakings

-

20,000

Prepayments

12,046

8,406

205,386

147,454

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Bank loans and overdrafts

6,000

6,000

Tax

106,158

58,025

Social security and other taxes

85,972

63,205

Accruals and deferred income

79,538

75,461

277,668

202,691

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.25

31.3.24

£

£

Bank loans

1,000

7,000

Directors' loan accounts

138,925

183,471

139,925

190,471

10.	PROVISIONS FOR LIABILITIES

31.3.25

31.3.24

£

£

Deferred tax

6,177

-

Deferred

tax

£

Charge to the income statement

6,177

during year

Balance at 31 March 2025

6,177

11.	ULTIMATE CONTROLLING PARTY

The company is under the control of its directors.