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Company Registration No. 08446730 (England and Wales)
SYNERGY SECURITY LIMITED Unaudited accounts for the period from 31 March 2022 to 31 March 2023
SYNERGY SECURITY LIMITED Statement of financial position as at 31 March 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
- 
16,042 
Current assets
Inventories
22,400 
14,500 
Debtors
743,067 
930,314 
Cash at bank and in hand
227,381 
11,492 
992,848 
956,306 
Creditors: amounts falling due within one year
(647,034)
(607,055)
Net current assets
345,814 
349,251 
Net assets
345,814 
365,293 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
345,714 
365,193 
Shareholders' funds
345,814 
365,293 
For the period ending 31 March 2023 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 in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 23 November 2023 and were signed on its behalf by
FIAZ ALI Director Company Registration No. 08446730
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SYNERGY SECURITY LIMITED Notes to the Accounts for the period from 31 March 2022 to 31 March 2023
1
Statutory information
SYNERGY SECURITY LIMITED is a private company, limited by shares, registered in England and Wales, registration number 08446730. The registered office is UNIT 63 BASEPOINT BUS. CENTRE, ISIDORE ROAD, BROMSGROVE, WORCESTERSHIRE, B60 3ET.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
These financial statements for the period from 31 March 2022 to 31 March 2023 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 1 April 2021. The transition to FRS 102 Section 1A Small Entities has resulted in a small number of changes in accounting policies to those used previously. The nature of these changes and their impact on opening equity and profit for the comparative period are explained in the notes below.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Motor vehicles
25% reducing balance basis
Leased assets
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term. Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell.
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SYNERGY SECURITY LIMITED Notes to the Accounts for the period from 31 March 2022 to 31 March 2023
4
Tangible fixed assets
Motor vehicles 
£ 
Cost or valuation
At cost 
At 31 March 2022
49,876 
At 31 March 2023
49,876 
Depreciation
At 31 March 2022
33,834 
Charge for the period
16,042 
At 31 March 2023
49,876 
Net book value
At 31 March 2023
- 
At 30 March 2022
16,042 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
7,825 
5,000 
Amounts due from group undertakings etc.
693,670 
800,592 
Other debtors
41,572 
124,722 
743,067 
930,314 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
52,560 
68,126 
Trade creditors
343,000 
330,000 
Amounts owed to group undertakings and other participating interests
34,610 
- 
Taxes and social security
90,292 
105,779 
Proposed dividends
41,572 
- 
Other creditors
85,000 
48,000 
Loans from directors
- 
55,150 
647,034 
607,055 
7
Average number of employees
During the period the average number of employees was 30 (2022: 27).
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