Sygma (Fire, Security & Electrical) Ltd Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 04412042

Sygma (Fire, Security & Electrical) Ltd

Unaudited financial statements

31 May 2025

Sygma (Fire, Security & Electrical) Ltd

Statement of financial position

31 May 2025

	2025		2024
Note	£	£	£	£

Fixed assets

Tangible assets	6		863,965		915,047

Current assets

Stocks		199,766	134,777
Debtors	7	832,633	650,771
Cash at bank and in hand		264,801	274,583
		-----------	-----------
		1,297,200	1,060,131

Creditors: Amounts falling due within one year	8	( 1,506,626)		( 1,158,930)
		-----------		-----------
Net current liabilities			( 209,426)		( 98,799)
			---------		---------
Total assets less current liabilities			654,539		816,248

Creditors: Amounts falling due after more than one year	9		( 352,074)		( 457,609)

Provisions

Taxation including deferred tax	( 25,530)	( 27,549)
	---------	---------
Net assets	276,935	331,090
	---------	---------

Capital and reserves

Called up share capital	100	100
Profit and loss account	276,835	330,990
	---------	---------
Shareholders funds	276,935	331,090
	---------	---------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the income statement has not been delivered.

For the year ending 31 May 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

Sygma (Fire, Security & Electrical) Ltd

Statement of financial position (continued)

31 May 2025

These financial statements were approved by the board of directors and authorised for issue on 19 December 2025 , and are signed on behalf of the board by:

K P White

Director

Company registration number: 04412042

Sygma (Fire, Security & Electrical) Ltd

Notes to the financial statements

Year ended 31 May 2025

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Unit K, Bois Meadow Business Centre, Steeple Bumpstead, Suffolk, CB9 7BN.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Income tax

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively.

Amortisation

Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:

	Goodwill	-	10% straight line

If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Leasehold property	-	92 years straight line
Plant and machinery	-	25% reducing balance
Fixtures and fittings	-	25% reducing balance
Motor vehicles	-	25% reducing balance

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.

Finance leases and hire purchase contracts

Assets held under finance leases and hire purchase contracts are recognised in the statement of financial position as assets and liabilities at the lower of the fair value of the assets and the present value of the minimum lease payments, which is determined at the inception of the lease term. Any initial direct costs of the lease are added to the amount recognised as an asset. Lease payments are apportioned between the finance charges and reduction of the outstanding lease liability using the effective interest method. Finance charges are allocated to each period so as to produce a constant rate of interest on the remaining balance of the liability.

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.

4. Employee numbers

The average number of employees during the year was 49 (2024: 20 ).

5. Intangible assets

	Goodwill
	£
Cost
At 1 June 2024 and 31 May 2025	60,000
	-------
Amortisation
At 1 June 2024 and 31 May 2025	60,000
	-------
Carrying amount
At 31 May 2025	–
	-------
At 31 May 2024	–
	-------

6. Tangible assets

	Land and buildings	Plant and machinery	Fixtures and fittings	Motor vehicles	Narrow boat	Total
	£	£	£	£	£	£
Cost
At 1 June 2024	361,000	80,351	36,985	647,692	70,000	1,196,028
Additions	–	16,711	21,373	58,686	–	96,770
Disposals	–	( 874)	–	( 25,619)	–	( 26,493)
	---------	-------	-------	---------	-------	-----------
At 31 May 2025	361,000	96,188	58,358	680,759	70,000	1,266,305
	---------	-------	-------	---------	-------	-----------
Depreciation
At 1 June 2024	8,829	51,596	33,721	186,835	–	280,981
Charge for the year	3,924	9,685	5,120	116,955	–	135,684
Disposals	–	( 414)	–	( 13,911)	–	( 14,325)
	---------	-------	-------	---------	-------	-----------
At 31 May 2025	12,753	60,867	38,841	289,879	–	402,340
	---------	-------	-------	---------	-------	-----------
Carrying amount
At 31 May 2025	348,247	35,321	19,517	390,880	70,000	863,965
	---------	-------	-------	---------	-------	-----------
At 31 May 2024	352,171	28,755	3,264	460,857	70,000	915,047
	---------	-------	-------	---------	-------	-----------

7. Debtors

	2025	2024
	£	£
Trade debtors	735,903	609,839
Other debtors	96,730	40,932
	---------	---------
	832,633	650,771
	---------	---------

8. Creditors: Amounts falling due within one year

	2025	2024
	£	£
Bank loans and overdrafts	422,486	74,585
Trade creditors	463,079	579,182
Social security and other taxes	202,457	168,938
Other creditors	418,604	336,225
	-----------	-----------
	1,506,626	1,158,930
	-----------	-----------

Included within bank loans is an amount of £nil (2024: £52,500) which is secured by the company. Included within other creditors is an amount of £157,534 (2024: £134,736) which is secured by the company.

9. Creditors: Amounts falling due after more than one year

	2025	2024
	£	£
Bank loans and overdrafts	164,411	183,318
Other creditors	187,663	274,291
	---------	---------
	352,074	457,609
	---------	---------

Included within bank loans is an amount of £164,411 (2024: £183,318) which is secured by the company. Included within other creditors is an amount of £187,336 (2024: £274,291) which is secured by the company. Included within creditors amounts falling due after one year is an amount of £55,942 (2024: £79,925) in respect of liabilities repayable by instalments which fall due for payment after more than five years from the reporting date. The loan interest is charged at 5.6% is due to mature on 04/03/2032.

10. Directors' advances, credits and guarantees

Included in other debtors is an amount due from the directors of £40,855 (2024: £nil). The maximum amount due in the year was £89,253 and interest of £1,315 was charged.