2
false
false
false
false
false
false
false
false
false
true
false
false
false
false
false
false
2021-11-30
Sage Accounts Production Advanced 2021 - FRS102_2021
370
321
12
333
37
49
xbrli:pure
xbrli:shares
iso4217:GBP
8305100
2021-11-30
2022-11-28
8305100
2022-11-28
8305100
2021-11-29
8305100
2020-11-30
2021-11-29
8305100
2021-11-29
8305100
core:PlantMachinery
2021-11-30
2022-11-28
8305100
bus:OrdinaryShareClass1
2021-11-30
2022-11-28
8305100
bus:Director1
2021-11-30
2022-11-28
8305100
core:PlantMachinery
2021-11-29
8305100
core:PlantMachinery
2022-11-28
8305100
core:WithinOneYear
2022-11-28
8305100
core:WithinOneYear
2021-11-29
8305100
core:AfterOneYear
2022-11-28
8305100
core:AfterOneYear
2021-11-29
8305100
core:UKTax
2021-11-30
2022-11-28
8305100
core:UKTax
2020-11-30
2021-11-29
8305100
core:ShareCapital
2022-11-28
8305100
core:ShareCapital
2021-11-29
8305100
core:RetainedEarningsAccumulatedLosses
2022-11-28
8305100
core:RetainedEarningsAccumulatedLosses
2021-11-29
8305100
core:PlantMachinery
2021-11-29
8305100
bus:SmallEntities
2021-11-30
2022-11-28
8305100
bus:AuditExemptWithAccountantsReport
2021-11-30
2022-11-28
8305100
bus:FullAccounts
2021-11-30
2022-11-28
8305100
bus:SmallCompaniesRegimeForAccounts
2021-11-30
2022-11-28
8305100
bus:PrivateLimitedCompanyLtd
2021-11-30
2022-11-28
8305100
bus:OrdinaryShareClass1
2022-11-28
8305100
bus:OrdinaryShareClass1
2021-11-29
COMPANY REGISTRATION NUMBER:
8305100
Synergy Health, Wellness & Fitness Education Centre Ltd |
|
Filleted Unaudited Financial Statements |
|
Synergy Health, Wellness & Fitness Education Centre Ltd |
|
Period from 30 November 2021 to 28 November 2022
Statement of financial position |
1 to 2 |
|
|
Notes to the financial statements |
3 to 6 |
|
|
Synergy Health, Wellness & Fitness Education Centre Ltd |
|
Statement of Financial Position |
|
28 November 2022
|
28 Nov 22 |
29 Nov 21 |
Note |
£ |
£ |
|
|
|
Fixed assets
Current assets
Stocks |
173 |
248 |
Debtors |
7 |
26,377 |
41,303 |
Cash at bank and in hand |
68 |
3,455 |
|
-------- |
-------- |
|
26,618 |
45,006 |
|
|
|
|
Creditors: amounts falling due within one year |
8 |
(
31,985) |
(
21,000) |
|
-------- |
-------- |
Net current (liabilities)/assets |
(
5,367) |
24,006 |
|
------- |
-------- |
Total assets less current liabilities |
(
5,330) |
24,055 |
|
|
|
|
Creditors: amounts falling due after more than one year |
9 |
(
20,281) |
(
23,969) |
|
-------- |
-------- |
Net (liabilities)/assets |
(
25,611) |
86 |
|
-------- |
-------- |
|
|
|
|
Capital and reserves
Called up share capital |
10 |
1 |
1 |
Profit and loss account |
(
25,612) |
85 |
|
-------- |
---- |
Shareholders (deficit)/funds |
(
25,611) |
86 |
|
-------- |
---- |
|
|
|
|
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the period ending 28 November 2022 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
-
The members have not required the company to obtain an audit of its financial statements for the period in question in accordance with section 476
;
-
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements
.
Synergy Health, Wellness & Fitness Education Centre Ltd |
|
Statement of Financial Position (continued) |
|
28 November 2022
These financial statements were approved by the
board of directors
and authorised for issue on
27 November 2023
, and are signed on behalf of the board by:
Mr C.R. Williams |
|
Director |
|
|
|
Company registration number:
8305100
Synergy Health, Wellness & Fitness Education Centre Ltd |
|
Notes to the Financial Statements |
|
Period from 30 November 2021 to 28 November 2022
1.
General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 4 Nelson Street, Pennar, Pembroke Dock, Pembrokeshire, SA72 6NU. During the prior period the company changed its year end from 30 November to 29 November for administrative purposes. Therefore the comparative amounts presented in the financial statements are not entirely comparable.
2.
Statement of compliance
These financial statements have been prepared in accordance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the Companies Act 2006.
3.
Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Going concern
The director have a reasonable expectation that the company has adequate resources to continue operational existence for the foreseeable future. For this reason, the director continues to adopt the going concern basis of accounting in preparing the annual financial statements.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax. Revenue from the sale of goods and services is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer, usually on despatch of the goods, the amount of revenue can be measured reliably, it is probable that the associated economic benefits will flow to the entity, and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
|
Plant and machinery |
- |
25% reducing balance |
|
|
|
|
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.
Finance leases and hire purchase contracts
Assets held under finance leases and hire purchase contracts are recognised in the statement of financial position as assets and liabilities at the lower of the fair value of the assets and the present value of the minimum lease payments, which is determined at the inception of the lease term. Any initial direct costs of the lease are added to the amount recognised as an asset. Lease payments are apportioned between the finance charges and reduction of the outstanding lease liability using the effective interest method. Finance charges are allocated to each period so as to produce a constant rate of interest on the remaining balance of the liability.
Government grants
Government grants are recognised at the fair value of the asset received or receivable. Grants are not recognised until there is reasonable assurance that the company will comply with the conditions attaching to them and the grants will be received. Government grants are recognised using the accrual model. Under the accrual model, government grants relating to revenue are recognised on a systematic basis over the periods in which the company recognises the related costs for which the grant is intended to compensate. Grants that are receivable as compensation for expenses or losses already incurred or for the purpose of giving immediate financial support to the entity with no future related costs are recognised in income in the period in which it becomes receivable.
4.
Employee numbers
The average number of persons employed by the company during the period amounted to
2
(2021:
2
).
5.
Tax on (loss)/profit
Major components of tax (income)/expense
|
Period from |
|
|
30 Nov 21 to |
Year to |
|
28 Nov 22 |
29 Nov 21 |
|
£ |
£ |
|
|
|
Current tax:
UK current tax expense |
– |
5,231 |
Adjustments in respect of prior periods |
(
2,281) |
– |
|
------- |
------- |
Total current tax |
(
2,281) |
5,231 |
|
------- |
------- |
|
------- |
------- |
Tax on (loss)/profit |
(
2,281) |
5,231 |
|
------- |
------- |
|
|
|
6.
Tangible assets
|
Plant and machinery |
Total |
|
£ |
£ |
Cost |
|
|
At 30 November 2021 and 28 November 2022 |
370 |
370 |
|
---- |
---- |
Depreciation |
|
|
At 30 November 2021 |
321 |
321 |
Charge for the period |
12 |
12 |
|
---- |
---- |
At 28 November 2022 |
333 |
333 |
|
---- |
---- |
Carrying amount |
|
|
At 28 November 2022 |
37 |
37 |
|
---- |
---- |
At 29 November 2021 |
49 |
49 |
|
---- |
---- |
|
|
|
7.
Debtors
|
28 Nov 22 |
29 Nov 21 |
|
£ |
£ |
Other debtors |
26,377 |
41,303 |
|
-------- |
-------- |
|
|
|
Other debtors include an amount of £nil (2021 - £nil) falling due after more than one year.
8.
Creditors:
amounts falling due within one year
|
28 Nov 22 |
29 Nov 21 |
|
£ |
£ |
Bank loans and overdrafts (secured) |
4,679 |
3,688 |
Trade creditors |
– |
597 |
Corporation tax |
7,741 |
11,750 |
Social security and other taxes |
– |
53 |
Other creditors |
19,565 |
4,912 |
|
-------- |
-------- |
|
31,985 |
21,000 |
|
-------- |
-------- |
|
|
|
9.
Creditors:
amounts falling due after more than one year
|
28 Nov 22 |
29 Nov 21 |
|
£ |
£ |
Bank loans and overdrafts (secured) |
20,281 |
23,969 |
|
-------- |
-------- |
|
|
|
Included within creditors: amounts falling due after more than one year is an amount of £5,531 (2021: £9,219) in respect of liabilities payable or repayable by instalments which fall due for payment after more than five years from the reporting date.
10.
Called up share capital
Issued, called up and fully paid
|
28 Nov 22 |
29 Nov 21 |
|
No. |
£ |
No. |
£ |
Ordinary shares of £ 1 each |
1 |
1 |
1 |
1 |
|
---- |
---- |
---- |
---- |
|
|
|
|
|
11.
Related party transactions
The company was under the control of
Mr C.R. Williams
, the managing director, throughout the current and previous period by virtue of his majority shareholding. During the period the company paid dividends totalling £Nil (2021 - £9,500) to Mr C.R. Williams
, the managing director. At the period end date the company was owed £24,402 (2021 - £24,526) by Mr C.R. Williams
, the managing director.