Company Registration No. 05304235 (England and Wales)
Symvolli Limited
Unaudited accounts
for the year ended 31 March 2025
Symvolli Limited
Unaudited accounts
Contents
Symvolli Limited
Company Information
for the year ended 31 March 2025
Directors
Sotira Petri
Luke Petri
George Petri
Kevin John Timms
George Petri
Company Number
05304235 (England and Wales)
Registered Office
THE FINANCIAL MANGEMENT CENTRE
MEADS BUSINESS CENTRE
19 KINGSMEAD
FARNBOROUGH
GU14 7SR
ENGLAND
Accountants
The Financial Management Centre
The Meads Business Centre
19 Kingsmead
Farnborough
Surrey
GU14 7SR
Symvolli Limited
Statement of financial position
as at 31 March 2025
Intangible assets
88,318
110,204
Tangible assets
1,805
3,077
Cash at bank and in hand
331
363
Creditors: amounts falling due within one year
(503,950)
(430,548)
Net current liabilities
(442,497)
(375,855)
Total assets less current liabilities
(352,374)
(262,574)
Creditors: amounts falling due after more than one year
(151,345)
(158,948)
Net liabilities
(503,719)
(421,522)
Called up share capital
90,109
90,109
Share premium
49,996
49,996
Profit and loss account
(643,824)
(561,627)
Shareholders' funds
(503,719)
(421,522)
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 21 August 2026 and were signed on its behalf by
Sotira Petri
Director
Company Registration No. 05304235
Symvolli Limited
Notes to the Accounts
for the year ended 31 March 2025
Symvolli Limited is a private company, limited by shares, registered in England and Wales, registration number 05304235. The registered office is THE FINANCIAL MANGEMENT CENTRE, MEADS BUSINESS CENTRE, 19 KINGSMEAD, FARNBOROUGH, GU14 7SR, 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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.
The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.
Intangible fixed assets and amortisation
Separately acquired trademarks and licences are shown at historical cost.
Trademarks, licences (including software) and customer-related intangible assets acquired in a business combination are recognised at fair value at the acquisition date.
Trademarks, licences and customer-related intangible assets have a finite useful life and are carried at cost less accumulated amortisation and any accumulated impairment losses.
Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:
Trade marks, patents and licenses - 10% on a straight line basis
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:
Fixtures & fittings
15% on straight line basis
Cash and Cash Equivalents
Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.
Symvolli Limited
Notes to the Accounts
for the year ended 31 March 2025
Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.
Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.
Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant
borrowing.
Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.
Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.
Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.
Defined contribution pension obligation
A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.
Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.
Symvolli Limited
Notes to the Accounts
for the year ended 31 March 2025
4
Intangible fixed assets
Other
Charge for the year
21,886
5
Tangible fixed assets
Fixtures & fittings
Amounts falling due within one year
Trade debtors
24,373
17,581
Accrued income and prepayments
9,108
9,108
Other debtors
27,641
27,641
Symvolli Limited
Notes to the Accounts
for the year ended 31 March 2025
7
Creditors: amounts falling due within one year
2025
2024
Bank loans and overdrafts
38,691
137,584
Trade creditors
23,990
28,011
Taxes and social security
12,938
101,185
Other creditors
228,096
142,630
Loans from directors
175,876
-
8
Creditors: amounts falling due after more than one year
2025
2024
Other creditors
145,888
147,000
9
Average number of employees
During the year the average number of employees was 2 (2024: 3).