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
Cash at bank and in hand
227,381
11,492
Creditors: amounts falling due within one year
(647,034)
(607,055)
Net current assets
345,814
349,251
Net assets
345,814
365,293
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
SYNERGY SECURITY LIMITED
Notes to the Accounts
for the period from 31 March 2022 to 31 March 2023
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.
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.
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
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 have been valued at the lower of cost and estimated selling price less costs to complete and sell.
SYNERGY SECURITY LIMITED
Notes to the Accounts
for the period from 31 March 2022 to 31 March 2023
4
Tangible fixed assets
Motor vehicles
Charge for the period
16,042
Amounts falling due within one year
Amounts due from group undertakings etc.
693,670
800,592
Other debtors
41,572
124,722
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
7
Average number of employees
During the period the average number of employees was 30 (2022: 27).