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REGISTERED NUMBER: 04108015 (England and Wales)

























Financial Statements

for the Year Ended 30 November 2023

for

Synergy Art Limited

Synergy Art Limited (Registered number: 04108015)






Contents of the Financial Statements
for the Year Ended 30 November 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Synergy Art Limited

Company Information
for the Year Ended 30 November 2023







DIRECTORS: Mrs F Wallace
L A Wilson





REGISTERED OFFICE: The Old Post Office
41-43 Market Place
Chippenham
Wiltshire
SN15 3HR





REGISTERED NUMBER: 04108015 (England and Wales)





ACCOUNTANTS: Mander Duffill
Chartered Accountants
The Old Post Office
41-43 Market Place
Chippenham
Wiltshire
SN15 3HR

Synergy Art Limited (Registered number: 04108015)

Balance Sheet
30 November 2023

30.11.23 30.11.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 3,704 781

CURRENT ASSETS
Debtors 5 278,808 338,923
Cash at bank 170,078 250,225
448,886 589,148
CREDITORS
Amounts falling due within one year 6 333,723 452,491
NET CURRENT ASSETS 115,163 136,657
TOTAL ASSETS LESS CURRENT
LIABILITIES

118,867

137,438

PROVISIONS FOR LIABILITIES 926 148
NET ASSETS 117,941 137,290

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings 116,941 136,290
SHAREHOLDERS' FUNDS 117,941 137,290

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 30 January 2024 and were signed on its behalf by:




L A Wilson - Director


Synergy Art Limited (Registered number: 04108015)

Notes to the Financial Statements
for the Year Ended 30 November 2023

1. STATUTORY INFORMATION

Synergy Art Limited 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 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.
Plant and machinery etc - 25% on cost and 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 2 (2022 - 2 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 December 2022 14,650
Additions 4,100
At 30 November 2023 18,750
DEPRECIATION
At 1 December 2022 13,869
Charge for year 1,177
At 30 November 2023 15,046
NET BOOK VALUE
At 30 November 2023 3,704
At 30 November 2022 781

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.11.22
£    £   
Trade debtors 278,808 338,923

Synergy Art Limited (Registered number: 04108015)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2023

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.11.22
£    £   
Trade creditors 187,802 237,246
Other creditors 145,921 215,245
333,723 452,491