Caseware UK (AP4) 2021.0.152 2021.0.152 2021-09-302021-09-30The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.112020-10-01falseNo description of principal activity11falsetrue 5228762 2020-10-01 2021-09-30 5228762 2019-10-01 2020-09-30 5228762 2021-09-30 5228762 2020-09-30 5228762 c:Director1 2020-10-01 2021-09-30 5228762 d:PlantMachinery 2020-10-01 2021-09-30 5228762 d:MotorVehicles 2020-10-01 2021-09-30 5228762 d:OfficeEquipment 2020-10-01 2021-09-30 5228762 d:OtherPropertyPlantEquipment 2021-09-30 5228762 d:OtherPropertyPlantEquipment 2020-09-30 5228762 d:OtherPropertyPlantEquipment d:OwnedOrFreeholdAssets 2020-10-01 2021-09-30 5228762 d:CurrentFinancialInstruments 2021-09-30 5228762 d:CurrentFinancialInstruments 2020-09-30 5228762 d:Non-currentFinancialInstruments 2021-09-30 5228762 d:Non-currentFinancialInstruments 2020-09-30 5228762 d:CurrentFinancialInstruments d:WithinOneYear 2021-09-30 5228762 d:CurrentFinancialInstruments d:WithinOneYear 2020-09-30 5228762 d:Non-currentFinancialInstruments d:AfterOneYear 2021-09-30 5228762 d:Non-currentFinancialInstruments d:AfterOneYear 2020-09-30 5228762 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2021-09-30 5228762 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2020-09-30 5228762 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2021-09-30 5228762 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2020-09-30 5228762 d:Non-currentFinancialInstruments d:MoreThanFiveYears 2021-09-30 5228762 d:Non-currentFinancialInstruments d:MoreThanFiveYears 2020-09-30 5228762 d:ShareCapital 2021-09-30 5228762 d:ShareCapital 2020-09-30 5228762 d:OtherMiscellaneousReserve 2021-09-30 5228762 d:OtherMiscellaneousReserve 2020-09-30 5228762 d:RetainedEarningsAccumulatedLosses 2021-09-30 5228762 d:RetainedEarningsAccumulatedLosses 2020-09-30 5228762 c:OrdinaryShareClass1 2020-10-01 2021-09-30 5228762 c:OrdinaryShareClass1 2021-09-30 5228762 c:OrdinaryShareClass1 2020-09-30 5228762 c:OrdinaryShareClass2 2020-10-01 2021-09-30 5228762 c:OrdinaryShareClass2 2021-09-30 5228762 c:OrdinaryShareClass2 2020-09-30 5228762 c:OrdinaryShareClass3 2020-10-01 2021-09-30 5228762 c:OrdinaryShareClass3 2021-09-30 5228762 c:OrdinaryShareClass3 2020-09-30 5228762 c:FRS102 2020-10-01 2021-09-30 5228762 c:AuditExempt-NoAccountantsReport 2020-10-01 2021-09-30 5228762 c:FullAccounts 2020-10-01 2021-09-30 5228762 c:PrivateLimitedCompanyLtd 2020-10-01 2021-09-30 5228762 2 2020-10-01 2021-09-30 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 5228762









SYNERGY AVIATION







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 30 SEPTEMBER 2021

 
SYNERGY AVIATION
REGISTERED NUMBER: 5228762

BALANCE SHEET
AS AT 30 SEPTEMBER 2021

2021
2020
Note
£
£

Fixed assets
  

Tangible assets
 4 
3,376
6,751

  
3,376
6,751

Current assets
  

Debtors: amounts falling due within one year
 5 
393,541
357,565

Cash at bank and in hand
 6 
465,681
268,713

  
859,222
626,278

Creditors: amounts falling due within one year
 7 
(678,489)
(484,482)

Net current assets
  
 
 
180,733
 
 
141,796

Total assets less current liabilities
  
184,109
148,547

Creditors: amounts falling due after more than one year
 8 
(107,500)
(45,833)

  

Accruals and deferred income
  
-
(43,660)

Net assets excluding pension asset
  
76,609
59,054

Net assets
  
76,609
59,054


Capital and reserves
  

Called up share capital 
 10 
888
888

Other reserves
  
112
112

Profit and loss account
  
75,609
58,054

  
76,609
59,054


The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions
Page 1

 
SYNERGY AVIATION
REGISTERED NUMBER: 5228762
    
BALANCE SHEET (CONTINUED)
AS AT 30 SEPTEMBER 2021

applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 31 August 2022.



G G Heavens
Director

The notes on pages 3 to 9 form part of these financial statements.

Page 2

 
SYNERGY AVIATION
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2021

1.


General information

Synergy Aviation Limited is a private company limited by shares incorporated in England and Wales.  The registered office is Rivers Suite, Fairoaks Airport, Chobham, GU24 8HX

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Foreign currency translation

Functional and presentation currency

The Company's functional and presentational currency is GBP.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

 
2.3

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

Page 3

 
SYNERGY AVIATION
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2021

2.Accounting policies (continued)

 
2.4

Operating leases: the Company as lessee

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

 
2.5

Government grants

Grants are accounted under the accruals model as permitted by FRS 102. Grants relating to expenditure on tangible fixed assets are credited to profit or loss at the same rate as the depreciation on the assets to which the grant relates. The deferred element of grants is included in creditors as deferred income.
Grants of a revenue nature are recognised in the Statement of income and retained earnings in the same period as the related expenditure.

 
2.6

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.7

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

 
2.8

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance sheet. The assets of the plan are held separately from the Company in independently administered funds.

 
2.9

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

 
2.10

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Page 4

 
SYNERGY AVIATION
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2021

2.Accounting policies (continued)


2.10
Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Plant & machinery
-
20% straight line
Motor vehicles
-
25% straight line
Office equipment
-
33% straight line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.11

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.12

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.13

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.14

Provisions for liabilities

Provisions are made where an event has taken place that gives the Company a legal or constructive obligation that probably requires settlement by a transfer of economic benefit, and a reliable estimate can be made of the amount of the obligation.
Provisions are charged as an expense to profit or loss in the year that the Company becomes aware of the obligation, and are measured at the best estimate at the balance sheet date of the expenditure required to settle the obligation, taking into account relevant risks and uncertainties.
When payments are eventually made, they are charged to the provision carried in the Balance sheet.

 
2.15

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of
Page 5

 
SYNERGY AVIATION
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2021

2.Accounting policies (continued)


2.15
Financial instruments (continued)

financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.

 
2.16

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Employees

The average monthly number of employees, including directors, during the year was 11 (2020 - 11).


4.


Tangible fixed assets





Other fixed assets

£



Cost or valuation


At 1 October 2020
34,397



At 30 September 2021

34,397



Depreciation


At 1 October 2020
27,646


Charge for the year on owned assets
3,375



At 30 September 2021

31,021



Net book value



At 30 September 2021
3,376



At 30 September 2020
6,751


5.


Debtors

2021
2020
£
£


Trade debtors
325,606
195,759
Page 6

 
SYNERGY AVIATION
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2021

5.Debtors (continued)


Other debtors
42,297
21,092

Prepayments and accrued income
25,638
140,714

393,541
357,565



6.


Cash and cash equivalents

2021
2020
£
£

Cash at bank and in hand
465,681
268,713

465,681
268,713



7.


Creditors: Amounts falling due within one year

2021
2020
£
£

Bank loans
42,500
4,167

Trade creditors
312,935
261,760

Amounts owed to group undertakings
722
-

Corporation tax
28,097
6,674

Other taxation and social security
15,843
17,417

Other creditors
86,734
47,776

Accruals and deferred income
191,658
146,688

678,489
484,482



8.


Creditors: Amounts falling due after more than one year

2021
2020
£
£

Bank loans
107,500
45,833

107,500
45,833


Page 7

 
SYNERGY AVIATION
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2021

9.


Loans


Analysis of the maturity of loans is given below:


2021
2020
£
£

Amounts falling due within one year

Bank loans
42,500
4,167


42,500
4,167

Amounts falling due 1-2 years

Bank loans
30,000
10,000


30,000
10,000

Amounts falling due 2-5 years

Bank loans
60,000
30,000


60,000
30,000

Amounts falling due after more than 5 years

Bank loans
17,500
5,833

17,500
5,833

150,000
50,000



10.


Share capital

2021
2020
£
£
Allotted, called up and fully paid



3,552 (2020 - 3,552) A ordinary shares of £0.10 each
355.20
355.20
2,664 (2020 - 2,664) B ordinary shares of £0.10 each
266.40
266.40
2,664 (2020 - 2,664) C ordinary shares of £0.10 each
266.40
266.40

888.00

888.00


Page 8

 
SYNERGY AVIATION
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2021

11.


Controlling party

The controlling party is G G Heavens a director and shareholder of the parent company, Synergy Aviation Holdings Limited.
The company is part of a small group so is exempt from producing consolidated accounts.

 
Page 9