REGISTERED NUMBER: 07707973 (England and Wales)

Financial Statements for the Year Ended 30 June 2017

for

Sybenetix Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

T Chaban

W J Jephson

F Manolopoulos

Ms VG Raffe

SECRETARY:

REGISTERED OFFICE:

55 Kentish Town Road

Camden Town

London

NW1 8NX

REGISTERED NUMBER:

07707973 (England and Wales)

ACCOUNTANTS:

Mansfield & Co

55 Kentish Town Road

Camden Town

London

NW1 8NX

FIXED ASSETS

Tangible assets

4

14,853

11,991

CURRENT ASSETS

Debtors

5

276,909

211,607

Cash at bank

88,144

66,550

365,053

278,157

CREDITORS

Amounts falling due within one year

6

449,877

361,507

NET CURRENT LIABILITIES

(84,824

)

(83,350

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(69,971

)

(71,359

)

CAPITAL AND RESERVES

Called up share capital

7

8,361

7,000

Share premium

324,285

-

Retained earnings

(402,617

)

(78,359

)

SHAREHOLDERS' FUNDS

(69,971

)

(71,359

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2017 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 of Part 15 of the Companies Act 2006 relating to small companies.

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

The financial statements were approved by the Board of Directors on 16 October 2017 and were signed on its behalf by:

T Chaban - Director

1.	STATUTORY INFORMATION

Sybenetix Limited 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.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" 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 cost convention.

Turnover

Turnover 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.

Plant and machinery etc

-

20% on reducing balance

Taxation

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

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 July 2016

29,919

Additions

6,576

At 30 June 2017

36,495

DEPRECIATION

At 1 July 2016

17,928

Charge for year

3,714

At 30 June 2017

21,642

NET BOOK VALUE

At 30 June 2017

14,853

At 30 June 2016

11,991

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.6.17

30.6.16

£

£

Trade debtors

174,000

120,000

Other debtors

102,909

91,607

276,909

211,607

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.6.17

30.6.16

£

£

Taxation and social security

69,497

45,202

Other creditors

380,380

316,305

449,877

361,507

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.6.17

30.6.16

value:

£

£

8,361,124

Ordinary

£0.00

1

8,361

7,000

580,000 ordinary shares of £0.001 per share were issued for par on 1st August 2016.

781,124 ordinary share of £0.001 per share were issued at an average premium of £416.15 per share on 5th

August 2016.