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Registration number: 04410739

Synergi Exhibition Solutions Limited

trading as Wedding Table Plans

Unaudited Filleted Abridged Financial Statements

for the Year Ended 31 December 2023

 

Synergi Exhibition Solutions Limited

trading as Wedding Table Plans

Contents

Company Information

1

Abridged Balance Sheet

2 to 3

Notes to the Unaudited Abridged Financial Statements

4 to 7

 

Synergi Exhibition Solutions Limited

trading as Wedding Table Plans

Company Information

Directors

Mr David Charnley

Mrs Jane Charnley

Company secretary

Mr David Charnley

Registered office

1 Brookfield Terrace
Lytham St. Annes
Lancashire
FY8 4HX

Accountants

Rawcliffe & Co Limited
Charterered Accountants
Unit 1 Barons Court
Graceways
Whitehills Business Park
Blackpool
Lancashire
FY4 5GP

 

Synergi Exhibition Solutions Limited

trading as Wedding Table Plans

(Registration number: 04410739)
Abridged Balance Sheet as at 31 December 2023

Note

2023
£

2022
£

Fixed assets

 

Intangible assets

4

6,088

9,133

Current assets

 

Debtors

5

-

4,532

Cash at bank and in hand

 

1,586

1,440

 

1,586

5,972

Creditors: Amounts falling due within one year

(37,131)

(27,988)

Net current liabilities

 

(35,545)

(22,016)

Total assets less current liabilities

 

(29,457)

(12,883)

Accruals and deferred income

 

(342)

(324)

Net liabilities

 

(29,799)

(13,207)

Capital and reserves

 

Called up share capital

6

2

2

Retained earnings

(29,801)

(13,209)

Shareholders' deficit

 

(29,799)

(13,207)

 

Synergi Exhibition Solutions Limited

trading as Wedding Table Plans

(Registration number: 04410739)
Abridged Balance Sheet as at 31 December 2023

For the financial year ending 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

All of the company’s members have consented to the preparation of an Abridged Balance Sheet in accordance with Section 444(2A) of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 14 February 2024 and signed on its behalf by:
 

.........................................
Mr David Charnley
Company secretary and director

 

Synergi Exhibition Solutions Limited

trading as Wedding Table Plans

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 December 2023

1

General information

The company is a private company limited by share capital, incorporated in England & Wales.

The address of its registered office is:
1 Brookfield Terrace
Lytham St. Annes
Lancashire
FY8 4HX
United Kingdom

These financial statements were authorised for issue by the Board on 14 February 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These abridged financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These abridged financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The company's presentational currency is its functional currency, the UK GBP. All amounts are rounded to the nearest pound.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

 

Synergi Exhibition Solutions Limited

trading as Wedding Table Plans

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 December 2023

The current corporation tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Goodwill

Goodwill arising on the acquisition of an entity represents the excess of the cost of acquisition over the company’s interest in the net fair value of the identifiable assets, liabilities and contingent liabilities of the entity recognised at the date of acquisition. Goodwill is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is held in the currency of the acquired entity and revalued to the closing rate at each reporting period date. Goodwill is amortised over its useful life, which shall not exceed ten years if a reliable estimate of the useful life cannot be made.

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class

Amortisation method and rate

Goodwill

Straight line - 10 years

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

 

Synergi Exhibition Solutions Limited

trading as Wedding Table Plans

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 December 2023

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2022 - 2).

4

Intangible assets

Total
£

Cost or valuation

At 1 January 2023

50,739

At 31 December 2023

50,739

Amortisation

At 1 January 2023

41,606

Amortisation charge

3,045

At 31 December 2023

44,651

Carrying amount

At 31 December 2023

6,088

At 31 December 2022

9,133

5

Debtors

Debtors includes £Nil (2022 - £Nil) due after more than one year.

 

Synergi Exhibition Solutions Limited

trading as Wedding Table Plans

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 December 2023

6

Share capital

Allotted, called up and fully paid shares

 

2023

2022

 

No.

£

No.

£

Ordinary share capital of £1 each

2

2

2

2

         

7

Parent and ultimate parent undertaking

The company's immediate parent is DC & JC Holdings Limited, incorporated in England & Wales.

 The ultimate parent is DC & JC Topco Limited, incorporated in England & Wales.

 The ultimate controlling party is Mr & Mrs Charnley, by virtue of their combined ownership of 100% of the issued share capital in DC & JC Topco Limited.