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SYKO LIMITED - Company Information

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Syko Limited

Registered Number:01031160

For the year ended 31 March 2018

England and Wales

Unaudited Financial Statements

For the year ended 31 March 2018

Syko Limited

Contents Page

Statement of Financial Position

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Notes to the Financial Statements

As at 31 March 2018

Syko Limited

Statement of Financial Position

Registered Number :

01031160

2017

2018

Notes

Fixed assets

Property, plant and equipment

809,514

813,296

809,514

813,296

Current assets

Trade and other receivables

11,335

16,948

175,890

Cash and cash equivalents

166,192

183,140

187,225

Trade and other payables: amounts falling due within one

year

(44,807)

(102,037)

142,418

81,103

Net current assets

Total assets less current liabilities

890,617

955,714

Trade and other payables: amounts falling due after more

than one year

(780,899)

(673,999)

216,618

Net assets

174,815

Capital and reserves

Called up share capital

10,000

Retained earnings

206,618

164,815

216,618

174,815

Shareholders' funds

For the year ended 31 March 2018 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 of its financial statements for the year ended 31 March 2018 in accordance with Section 476 of the Companies Act 2006

The director acknowledges his responsibilities for:a) ensuring that the company keeps proper 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 Section

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.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

Mr Polys Sykopetritis Director

These financial statements were approved and authorised for issue by the Board on 04 July 2018 and were signed by:

The notes form part of these financial statements

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For the year ended 31 March 2018

Syko Limited

Notes to the Financial Statements

Statutory Information

Syko Limited is a private limited company, limited by shares, domiciled in England and Wales, registration number

01031160.

Registered address:

21 Aylmer Parade

Aylmer Road

London

N2 0AT

The presentation currency is £ sterling.

1. Accounting policies

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the provisions of Section 1A of Financial

Reporting Standard 102 ''The Financial Reporting Standard applicable in the UK and Republic of Ireland'' and the

Companies Act 2006. The financial statements have been prepared under the historical costs convention as

modified by the revaluation of certain assets.

Property, plant and equipment

Property, plant and equipment, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:

15% Reducing balance

Equipment

25% Reducing balance

Fixtures and Fittings

2. Property, plant and equipment

Total

Equipment

Fixtures and

Fittings

Land and

Buildings

Cost or

valuation

At 01 April 2017

861,545

26,409

39,985

795,151

At 31 March 2018

795,151

39,985

26,409

861,545

Provision for depreciation and impairment

At 01 April 2017

48,249

18,869

29,380

Charge for year

3,782

1,131

2,651

At 31 March 2018

52,031

20,000

32,031

At 31 March 2018

Net book value

795,151

7,954

6,409

809,514

At 31 March 2017

795,151

10,605

7,540

813,296

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For the year ended 31 March 2018

Syko Limited

Notes to the Financial Statements Continued

3. Trade and other receivables

2017

2018

Trade debtors

15,858

9,966

Other debtors

1,090

1,369

11,335

16,948

4. Trade and other payables: amounts falling due within one year

2017

2018

Bank loans and overdraft

973

3,270

Taxation and social security

2,463

2,415

Accruals and deferred income

13,315

1,440

Directors' loan accounts

3,391

Other creditors

81,895

37,682

102,037

44,807

5. Trade and other payables: amounts falling due after more than one year

2017

2018

Bank loans and overdraft

310,000

Other creditors

363,999

470,899

673,999

780,899

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