REGISTERED NUMBER: 01826787 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 August 2025

for

Syscomm Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

R G Tyler

C R Tyler

REGISTERED OFFICE:

Syscomm House

Park Road

Kenilworth

Warwickshire

CV8 2GF

REGISTERED NUMBER:

01826787 (England and Wales)

ACCOUNTANTS:

Leigh Christou Ltd

Chartered Certified Accountants

Leofric House

Binley Road

Coventry

CV3 1JN

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

172,854

221,354

172,854

221,354

CURRENT ASSETS

Stocks

136,091

104,148

Debtors

6

1,401,596

1,583,718

Cash at bank

692,222

829,469

2,229,909

2,517,335

CREDITORS

Amounts falling due within one year

7

977,593

1,366,995

NET CURRENT ASSETS

1,252,316

1,150,340

TOTAL ASSETS LESS CURRENT LIABILITIES

1,425,170

1,371,694

PROVISIONS FOR LIABILITIES

40,873

52,652

NET ASSETS

1,384,297

1,319,042

CAPITAL AND RESERVES

Called up share capital

10,000

10,000

Retained earnings

1,374,297

1,309,042

SHAREHOLDERS' FUNDS

1,384,297

1,319,042

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 27 May 2026 and were signed on its behalf by:

R G Tyler - Director

1.	STATUTORY INFORMATION

Syscomm Ltd 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 net invoiced sales of goods and services, excluding value added tax, except in respect of service contracts where turnover is recognised when the company obtains the right to consideration.

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.

Computer software is being amortised evenly over its estimated useful life of four years.

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 cost

Motor vehicles

-

25% on reducing balance

Computer equipment

-

25% on cost

Stocks

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

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 20 (2024 - 14 ) .

4.	INTANGIBLE FIXED ASSETS

Computer

software

£

COST

At 1 September 2024

and 31 August 2025

8,724

AMORTISATION

At 1 September 2024

and 31 August 2025

8,724

NET BOOK VALUE

At 31 August 2025

-

At 31 August 2024

-

5.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

Computer

machinery

fittings

vehicles

equipment

Totals

£

£

£

£

£

COST

At 1 September 2024

308,583

19,576

86,538

118,175

532,872

Additions

123

6,900

-

1,495

8,518

At 31 August 2025

308,706

26,476

86,538

119,670

541,390

DEPRECIATION

At 1 September 2024

141,438

19,178

39,824

111,078

311,518

Charge for year

41,812

618

11,678

2,910

57,018

At 31 August 2025

183,250

19,796

51,502

113,988

368,536

NET BOOK VALUE

At 31 August 2025

125,456

6,680

35,036

5,682

172,854

At 31 August 2024

167,145

398

46,714

7,097

221,354

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.8.25

31.8.24

£

£

Trade debtors

569,628

961,175

Amounts owed by group undertakings

702,402

538,877

Other debtors

129,566

83,666

1,401,596

1,583,718

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.8.25

31.8.24

£

£

Trade creditors

81,492

618,782

Taxation and social security

435,769

349,853

Other creditors

460,332

398,360

977,593

1,366,995

8.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 August 2025 and 31 August 2024:

31.8.25

31.8.24

£

£

C R Tyler

Balance outstanding at start of year

-

-

Amounts advanced

1,095

-

Amounts repaid

(1,095

)

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

-

-

9.	RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

10.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mr R G Tyler by virtue of his majority shareholding in the parent company Managed Connect Ltd.