SYNCPLEX LAB CIC

Company limited by guarantee

Company Registration Number:
SC805410 (Scotland)

Unaudited statutory accounts for the year ended 30 April 2025

Period of accounts

Start date: 2 April 2024

End date: 30 April 2025

SYNCPLEX LAB CIC

Contents of the Financial Statements

for the Period Ended 30 April 2025

Directors report
Profit and loss
Balance sheet
Additional notes
Balance sheet notes
Community Interest Report

SYNCPLEX LAB CIC

Directors' report period ended 30 April 2025

The directors present their report with the financial statements of the company for the period ended 30 April 2025

Directors

The directors shown below have held office during the whole of the period from
2 April 2024 to 30 April 2025

Adesanmi Fasoro
 Olumuyiwa Olajuwon
 Olubunmi Adegbehingbe

The above report has been prepared in accordance with the special provisions in part 15 of the Companies Act 2006

This report was approved by the board of directors on
30 December 2025

And signed on behalf of the board by:
Name: Adesanmi Fasoro
Status: Director

SYNCPLEX LAB CIC

Profit And Loss Account

for the Period Ended 30 April 2025

13 months to 30 April 2025


£
Turnover: 450
Cost of sales: ( 50,189 )
Gross profit(or loss): (49,739)
Operating profit(or loss): (49,739)
Profit(or loss) before tax: (49,739)
Profit(or loss) for the financial year: (49,739)

SYNCPLEX LAB CIC

Balance sheet

As at 30 April 2025

Notes 13 months to 30 April 2025


£
Current assets
Cash at bank and in hand: 461
Total current assets: 461
Net current assets (liabilities): 461
Total assets less current liabilities: 461
Creditors: amounts falling due after more than one year: 3 ( 50,200 )
Total net assets (liabilities): (49,739)
Members' funds
Profit and loss account: (49,739)
Total members' funds: ( 49,739)

The notes form part of these financial statements

SYNCPLEX LAB CIC

Balance sheet statements

For the year ending 30 April 2025 the company was entitled to exemption 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.

This report was approved by the board of directors on 30 December 2025
and signed on behalf of the board by:

Name: Adesanmi Fasoro
Status: Director

The notes form part of these financial statements

SYNCPLEX LAB CIC

Notes to the Financial Statements

for the Period Ended 30 April 2025

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

    Other accounting policies

    Basis of preparation The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets. Presentation currency The accounts are presented in £ sterling.

SYNCPLEX LAB CIC

Notes to the Financial Statements

for the Period Ended 30 April 2025

  • 2. Employees

    13 months to 30 April 2025
    Average number of employees during the period 1

SYNCPLEX LAB CIC

Notes to the Financial Statements

for the Period Ended 30 April 2025

3. Creditors: amounts falling due after more than one year note

13 months to 30 April 2025
£
Other creditors 50,200
Total 50,200

COMMUNITY INTEREST ANNUAL REPORT

SYNCPLEX LAB CIC

Company Number: SC805410 (Scotland)

Year Ending: 30 April 2025

Company activities and impact

During the financial year, Syncplex Lab CIC advanced social inclusion through its first-of-its-kind Social Tech Incubator (2024/2025), supporting 15 social tech entrepreneurs from migrant, low-socio-economic and marginalised backgrounds. Participants gained digital and creative skills, mentorship, and enterprise support, improving employability and business readiness. Incubatees were successfully supported to engage with Scottish Entrepreneurial ecosystem, strengthening access to funding and long-term sustainable opportunities.

Consultation with stakeholders

We held constructive engagements with the communities and other Scottish Entrepreneurial Ecosystem

Directors' remuneration

No remuneration was received

Transfer of assets

No transfer of assets other than for full consideration

This report was approved by the board of directors on
30 December 2025

And signed on behalf of the board by:
Name: ADEGBEHINGBE, Olubunmi FASORO, Adesanmi Gbenga OLAJUWON, Olumuyiwa Oladipo
Status: Director