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REGISTERED NUMBER: 07965085 (England and Wales)











SYNERGY INTEGRATED SERVICES LTD

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 28 FEBRUARY 2023






SYNERGY INTEGRATED SERVICES LTD (REGISTERED NUMBER: 07965085)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023










Page

Company Information 1

Abridged Balance Sheet 2 to 3

Notes to the Financial Statements 4 to 6


SYNERGY INTEGRATED SERVICES LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 28 FEBRUARY 2023







DIRECTOR: A McGeehan





REGISTERED OFFICE: Heritage House
Murton Way
Osbaldwick
York
North Yorkshire
YO19 5UW





REGISTERED NUMBER: 07965085 (England and Wales)





ACCOUNTANTS: UHY Calvert Smith
Chartered Accountants
Heritage House
Murton Way
Osbaldwick
York
North Yorkshire
YO19 5UW

SYNERGY INTEGRATED SERVICES LTD (REGISTERED NUMBER: 07965085)

ABRIDGED BALANCE SHEET
28 FEBRUARY 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 11,022 3,908

CURRENT ASSETS
Debtors 293,896 97,161
Cash at bank 95,414 45,566
389,310 142,727
CREDITORS
Amounts falling due within one year 219,381 56,945
NET CURRENT ASSETS 169,929 85,782
TOTAL ASSETS LESS CURRENT LIABILITIES 180,951 89,690

CREDITORS
Amounts falling due after more than one year 82,495 -
NET ASSETS 98,456 89,690

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 98,454 89,688
SHAREHOLDERS' FUNDS 98,456 89,690

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 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.

SYNERGY INTEGRATED SERVICES LTD (REGISTERED NUMBER: 07965085)

ABRIDGED BALANCE SHEET - continued
28 FEBRUARY 2023


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

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 28 February 2023 in accordance with Section 444(2A) of the Companies Act 2006.

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

The financial statements were approved by the director and authorised for issue on 31 October 2023 and were signed by:





A McGeehan - Director


SYNERGY INTEGRATED SERVICES LTD (REGISTERED NUMBER: 07965085)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023


1. STATUTORY INFORMATION

Synergy Integrated Services 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.

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.

Turnover
Turnover comprises amounts invoiced in respect of services provided net of Value Added Tax. Where services extend to a period extending beyond the balance sheet date, an adjustment is made to turnover to reflect the amount of work completed by the balance sheet date which has yet to be invoiced. Income recognised in this manner is based on the director's assessment of the fair value of the services provided at the balance sheet date as a proportion of the total value of the contract. These amounts are included in debtors.

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 - 25% on reducing balance, 25% straight line, 20% straight line and 10% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current tax is recognised at the amount of tax payable using the tax rates and laws 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

SYNERGY INTEGRATED SERVICES LTD (REGISTERED NUMBER: 07965085)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28 FEBRUARY 2023


2. ACCOUNTING POLICIES - continued

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 3 (2022 - 3 ) .

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 March 2022 5,982
Additions 11,178
At 28 February 2023 17,160
DEPRECIATION
At 1 March 2022 2,074
Charge for year 4,064
At 28 February 2023 6,138
NET BOOK VALUE
At 28 February 2023 11,022
At 28 February 2022 3,908

5. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2023 2022
£    £   
Within one year 8,995 -
Between one and five years 9,745 -
18,740 -

SYNERGY INTEGRATED SERVICES LTD (REGISTERED NUMBER: 07965085)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28 FEBRUARY 2023


6. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 28 February 2023 and 28 February 2022:

2023 2022
£    £   
A McGeehan
Balance outstanding at start of year 16,095 6,470
Amounts advanced 70,199 93,462
Amounts repaid (60,687 ) (83,837 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 25,607 16,095

The above balance was repaid within 9 months of the year end. No interest was charged on the loan.