REGISTERED NUMBER: 03494151

Financial Statements

for the Year Ended 31 January 2026

for

Synapse IT Group Ltd

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTOR:

C R F Sheppard

REGISTERED OFFICE:

11 Old Bond Street

London

W1S 4PN

REGISTERED NUMBER:

03494151

ACCOUNTANTS:

Wilson Partners Limited

Chancery House

30 St Johns Road

Woking

Surrey

GU21 7SA

FIXED ASSETS

Property, plant and equipment

5

1,890

-

CURRENT ASSETS

Debtors

6

2,823

4,152

Cash at bank

22,766

12,293

25,589

16,445

CREDITORS

Amounts falling due within one year

7

(90,770

)

(84,527

)

NET CURRENT LIABILITIES

(65,181

)

(68,082

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(63,291

)

(68,082

)

CREDITORS

Amounts falling due after more than one year

8

-

(6,667

)

NET LIABILITIES

(63,291

)

(74,749

)

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

(63,391

)

(74,849

)

SHAREHOLDERS' FUNDS

(63,291

)

(74,749

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2026 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director and authorised for issue on 5 August 2026 and were signed by:

C R F Sheppard - Director

1.	STATUTORY INFORMATION

Synapse IT Group Ltd is a private company, limited by shares , registered in Not specified/Other. 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.	STATEMENT OF COMPLIANCE

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.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention.

The company is in a net liability position at 31 January 2026. The accounts have been prepared on a going concern basis, despite the net liability position, as the director has confirmed that he will continue to provide financial support to the company to enable it to meet its liabilities as they fall due for the foreseeable future.

Included in other creditors is a loan from the director of £31,216 (2025: £31,216). No interest is being charged and the director has confirmed he will not seek repayment of this balance unless cash flow allows.

Turnover

Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

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

Computer equipment

-

25% on reducing balance

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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2025 - NIL).

5.	PROPERTY, PLANT AND EQUIPMENT

Computer

equipment

£

Cost

Additions

1,930

At 31 January 2026

1,930

Depreciation

Charge for year

40

At 31 January 2026

40

Net book value

At 31 January 2026

1,890

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/1/26

31/1/25

£

£

Trade debtors

2,823

4,152

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/1/26

31/1/25

£

£

Bank loans and overdrafts

6,667

10,000

Trade creditors

4,879

3,344

Taxation and social security

15,729

10,991

Other creditors

63,495

60,192

90,770

84,527

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31/1/26

31/1/25

£

£

Bank loans

-

6,667