Company Registration No. 06577359 (England and Wales)
Syscada Dynamic Engineering Ltd
Unaudited accounts
for the year ended 31 March 2025
Syscada Dynamic Engineering Ltd
Unaudited accounts
Contents
Syscada Dynamic Engineering Ltd
Company Information
for the year ended 31 March 2025
Directors
Ms G Brown
Mr D Wright
Company Number
06577359 (England and Wales)
Registered Office
29 Woodside Road
Bournemouth
BH5 2AZ
England
Accountants
Balmoral Consultancy Services Limited
Congress House
14 Lyon Road
Harrow
Middlesex
HA1 2EN
Syscada Dynamic Engineering Ltd
Statement of financial position
as at 31 March 2025
Tangible assets
110,502
6,479
Inventories
171,524
280,418
Cash at bank and in hand
2,692
121,467
Creditors: amounts falling due within one year
(699,558)
(529,236)
Net current liabilities
(498,093)
(88,016)
Total assets less current liabilities
(387,591)
(81,537)
Creditors: amounts falling due after more than one year
(361,746)
(254,375)
Net liabilities
(749,337)
(335,912)
Called up share capital
1
1
Capital redemption reserve
1
1
Profit and loss account
(749,339)
(335,914)
Shareholders' funds
(749,337)
(335,912)
For the year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 15 December 2025 and were signed on its behalf by
Mr D Wright
Director
Company Registration No. 06577359
Syscada Dynamic Engineering Ltd
Notes to the Accounts
for the year ended 31 March 2025
Syscada Dynamic Engineering Ltd is a private company, limited by shares, registered in England and Wales, registration number 06577359. The registered office is 29 Woodside Road, Bournemouth, BH5 2AZ, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Change in the name of the company
The name of the company changed from Sysscada Ltd to Syscada Dynamic Engineering Ltd on 24 August 2023.
This financial statements have been prepared in accordance with FRS 102 "The financial Reporting Standard applicable in the UK and Republic of ireland" ("FRS 102") and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
The financial statements are prepared in sterling, which is the functional currency of the company Monetary amounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention . The principal accounting policies sdopted are set out below.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Motor vehicles
25 % straight line
Fixtures & fittings
25% straight line
Computer equipment
50% straight line
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
Syscada Dynamic Engineering Ltd
Notes to the Accounts
for the year ended 31 March 2025
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of stock or fixed assets.
The cost of any unused holiday entitlement is recognised in the period in which the employee's services are received.
Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.
Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes 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 reporting end date.
Payments to defined contribution retirement benefit schemes are changed as an expense as they fall due.
Cash at bank and in hand are basic financial assets and include cash in hand deposits held at call with banks and other short-term liquid investments with original maturities of three months or less.
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.
In determining the appropriate basis of preparation of the accounts, the directors are required to consider whether the company has adequate resources to continue in operational existence for the foreseeable future, being at least twelve months from the date of approval of the accounts.
The directors have prepared forecasts and have a reasonable expectation that the company has adequate resources to continue operational existence for the foreseeable future. For this reason, the going concern assumption has been adopted when preparing the financial statements.
Syscada Dynamic Engineering Ltd
Notes to the Accounts
for the year ended 31 March 2025
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
4
Tangible fixed assets
Plant & machinery
Amounts falling due within one year
Trade debtors
22,017
18,165
Accrued income and prepayments
2,496
1,913
Other debtors
2,736
19,257
6
Creditors: amounts falling due within one year
2025
2024
Bank loans and overdrafts
10,507
17,641
Trade creditors
56,645
11,742
Taxes and social security
83,087
8,820
Other creditors
214,990
252,422
Loans from directors
329,934
228,967
7
Creditors: amounts falling due after more than one year
2025
2024
Bank loans
189,396
254,375
Loans from directors
172,350
-
Syscada Dynamic Engineering Ltd
Notes to the Accounts
for the year ended 31 March 2025
Allotted, called up and fully paid:
2 Ordinary shares of £0.25 each
0.50
0.50
9
Average number of employees
During the year the average number of employees was 5 (2024: 5).