IRIS Accounts Production v23.1.0.753 09814378 director 1.4.22 31.3.23 31.3.23 false true false false true false Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pure098143782022-03-31098143782023-03-31098143782022-04-012023-03-31098143782021-03-31098143782021-04-012022-03-31098143782022-03-3109814378ns15:EnglandWales2022-04-012023-03-3109814378ns14:PoundSterling2022-04-012023-03-3109814378ns10:Director12022-04-012023-03-3109814378ns10:PrivateLimitedCompanyLtd2022-04-012023-03-3109814378ns10:SmallEntities2022-04-012023-03-3109814378ns10:AuditExempt-NoAccountantsReport2022-04-012023-03-3109814378ns10:SmallCompaniesRegimeForDirectorsReport2022-04-012023-03-3109814378ns10:SmallCompaniesRegimeForAccounts2022-04-012023-03-3109814378ns10:FullAccounts2022-04-012023-03-3109814378ns10:EntityHasNeverTraded2022-04-012023-03-3109814378ns10:OrdinaryShareClass12022-04-012023-03-3109814378ns10:RegisteredOffice2022-04-012023-03-3109814378ns5:CurrentFinancialInstruments2023-03-3109814378ns5:CurrentFinancialInstruments2022-03-3109814378ns5:Non-currentFinancialInstruments2023-03-3109814378ns5:Non-currentFinancialInstruments2022-03-3109814378ns5:ShareCapital2023-03-3109814378ns5:ShareCapital2022-03-3109814378ns5:RetainedEarningsAccumulatedLosses2023-03-3109814378ns5:RetainedEarningsAccumulatedLosses2022-03-3109814378ns5:LeaseholdImprovements2022-04-012023-03-3109814378ns5:PlantMachinery2022-04-012023-03-3109814378ns5:ComputerEquipment2022-04-012023-03-3109814378ns5:LeaseholdImprovements2022-03-3109814378ns5:PlantMachinery2022-03-3109814378ns5:ComputerEquipment2022-03-3109814378ns5:LeaseholdImprovements2023-03-3109814378ns5:PlantMachinery2023-03-3109814378ns5:ComputerEquipment2023-03-3109814378ns5:LeaseholdImprovements2022-03-3109814378ns5:PlantMachinery2022-03-3109814378ns5:ComputerEquipment2022-03-3109814378ns5:CostValuation2022-03-3109814378ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-03-3109814378ns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-03-3109814378ns5:Non-currentFinancialInstrumentsns5:BetweenOneTwoYears2023-03-3109814378ns5:Non-currentFinancialInstrumentsns5:BetweenOneTwoYears2022-03-3109814378ns5:Non-currentFinancialInstrumentsns5:BetweenTwoFiveYears2023-03-3109814378ns5:Non-currentFinancialInstrumentsns5:BetweenTwoFiveYears2022-03-3109814378ns10:OrdinaryShareClass12023-03-31
REGISTERED NUMBER: 09814378 (England and Wales)










UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2023

FOR

SYNVESTMENT LTD

SYNVESTMENT LTD (REGISTERED NUMBER: 09814378)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


SYNVESTMENT LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2023







DIRECTOR: S Zerti





REGISTERED OFFICE: Unit 1
Cliveden Office Village
Lancaster Road
High Wycombe
Buckinghamshire
HP12 3YZ





REGISTERED NUMBER: 09814378 (England and Wales)





ACCOUNTANTS: Barber & Company
A trading name of PCM Accounting Limited
2 Jardine House
Harrovian Business Village
Bessborough Road
Harrow
Middlesex
HA1 3EX

SYNVESTMENT LTD (REGISTERED NUMBER: 09814378)

STATEMENT OF FINANCIAL POSITION
31 MARCH 2023

31.3.23 31.3.22
Notes £    £    £    £   
FIXED ASSETS
Property, plant and equipment 4 38,358 53,640
Investments 5 29,550 29,550
67,908 83,190

CURRENT ASSETS
Debtors 6 141,434 153,124
Cash at bank 162,581 67,398
304,015 220,522
CREDITORS
Amounts falling due within one year 7 414,319 416,363
NET CURRENT LIABILITIES (110,304 ) (195,841 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(42,396

)

(112,651

)

CREDITORS
Amounts falling due after more than one
year

8

78,882

60,375
NET LIABILITIES (121,278 ) (173,026 )

CAPITAL AND RESERVES
Called up share capital 9 1 1
Retained earnings (121,279 ) (173,027 )
SHAREHOLDERS' FUNDS (121,278 ) (173,026 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 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.

SYNVESTMENT LTD (REGISTERED NUMBER: 09814378)

STATEMENT OF FINANCIAL POSITION - continued
31 MARCH 2023


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 Comprehensive Income has not been delivered.

The financial statements were approved by the director and authorised for issue on 2 October 2023 and were signed by:





S Zerti - Director


SYNVESTMENT LTD (REGISTERED NUMBER: 09814378)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

1. STATUTORY INFORMATION

Synvestment Ltd 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.

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

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

At the balance sheet date the Company had net liabilities amounting to £177,100. The Company meets its day to day working capital requirements through the support of the director and the board have taken this into account their decision to prepare the accounts on a going concern basis.

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.
Improvements to property - 20% on reducing balance
Plant and machinery - 20% on reducing balance
Computer equipment - 20% on reducing balance

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 22 (2022 - 22 ) .

SYNVESTMENT LTD (REGISTERED NUMBER: 09814378)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023

4. PROPERTY, PLANT AND EQUIPMENT
Improvements
to Plant and Computer
property machinery equipment Totals
£    £    £    £   
COST
At 1 April 2022 1,902 12,221 91,789 105,912
Additions - 207 - 207
At 31 March 2023 1,902 12,428 91,789 106,119
DEPRECIATION
At 1 April 2022 928 5,643 45,701 52,272
Charge for year 195 1,357 13,937 15,489
At 31 March 2023 1,123 7,000 59,638 67,761
NET BOOK VALUE
At 31 March 2023 779 5,428 32,151 38,358
At 31 March 2022 974 6,578 46,088 53,640

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 April 2022
and 31 March 2023 29,550
NET BOOK VALUE
At 31 March 2023 29,550
At 31 March 2022 29,550

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Other debtors 60,303 48,803
Prepayments and accrued income 81,131 104,321
141,434 153,124

Other debtors include £64,803 payable from associated Company Synvestment Foods Limited.

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Bank loans and overdrafts 47,124 35,783
Social security and other taxes 69,012 57,695
Directors' current accounts 240,659 309,885
Accruals and deferred income 57,524 13,000
414,319 416,363

SYNVESTMENT LTD (REGISTERED NUMBER: 09814378)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.23 31.3.22
£    £   
Bank loans - 1-2 years 24,207 33,699
Bank loans - 2-5 years 54,675 26,676
78,882 60,375

9. CALLED UP SHARE CAPITAL


Allotted, issued and fully paid:
Number: Class: Nominal 31.3.23 31.3.22
value: £    £   
1 Ordinary £1 1 1

10. ULTIMATE CONTROLLING PARTY

The controlling party is S Zerti.