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Registered Number: 12719204
England and Wales

 

 

 

SYNERGY GROUP SVCS LTD


Unaudited Financial Statements
 


Period of accounts

Start date: 01 August 2022

End date: 31 July 2023
Director Nirmal Dadwal
Registered Number 12719204
Registered Office 71-75 Shelton Street
London Greater London
WC2H 9JQ
Accountants 3E'S Accountants Limited
231 Kenton Road
Harrow
Middlesex
England
HA3 0HD
1
Director's report and financial statements
The director presents his annual report and the financial statements for the year ended 31 July 2023
Principal activities
The company's principal activity during the year was that of Management consultancy
activities other than financial management and other professionals.
Director
The director who served the company throughout the year was as follows:
Nirmal Dadwal
Statement of director's responsibilities
The director is responsible for preparing the directors’ report and the financial statements in accordance with applicable law and regulation.

Company law requires the director to prepare financial statements for each financial year. Under that law the director has elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the director must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these financial statements, the director is required to
  • select suitable accounting policies and then apply them consistently
  • make judgments and accounting estimates that are reasonable and prudent
  • prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business


The director is responsible for keeping adequate accounting records that disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. The director is also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

The director is responsible for the maintenance and integrity of the corporate and financial information included on the company's website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.

On behalf of the board.


----------------------------------
Nirmal Dadwal
Director

Date approved: 25 March 2024
2
 

 
Notes

 
2023
£

  2022
£
(as restated)
Turnover 67,575    82,634 
Gross profit 67,575    82,634 
Administrative expenses (36,774)   (26,362)
Operating profit 30,801    56,272 
Interest payable and similar charges (379)  
Profit/(Loss) on ordinary activities before taxation 30,422    56,272 
Tax on profit on ordinary activities (5,780)   (10,680)
Profit/(Loss) for the financial year 24,642    45,592 
 
3
 

 
Notes

 
2023
£

  2022
£
(as restated)
Fixed assets      
Tangible fixed assets 3 2,482    3,194 
2,482    3,194 
Current assets      
Debtors 4 336    2,539 
Cash at bank and in hand 49,753    66,999 
50,089    69,538 
Creditors: amount falling due within one year 5 (35,783)   (55,451)
Net current assets 14,306    14,087 
 
Total assets less current liabilities 16,788    17,281 
Provisions for liabilities 6 (472)   (607)
Net assets 16,316    16,674 
 

Capital and reserves
     
Called up share capital 7 1,000    1,000 
Profit and loss account 15,316    15,674 
Shareholder's funds 16,316    16,674 
 


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

Director's responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
  2. The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These 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 to the Registrar of Companies.
The financial statements were approved by the director on 25 March 2024 and were signed by:


-------------------------------
Nirmal Dadwal
Director
4
General Information
Synergy Group Svcs Ltd is a private company, limited by shares, registered in England and Wales, registration number 12719204, registration address 71-75 Shelton Street, London Greater London, WC2H 9JQ.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by Section 1A of the standard)
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Foreign currencies
Monetary assets and liabilities denominated in foreign currencies are translated into sterling at the rate of exchange ruling at the statement of financial position date. Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. All foreign exchange differences are included to the income statement.
Taxation
Taxation represents the sum of tax currently payable and deferred tax. Tax is recognised in the statement of income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves.
The company’s liability for current tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Current and deferred tax assets and liabilities are not discounted
Deferred taxation
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the reporting date.
Deferred tax is measured using 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.
Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.
Current and deferred tax assets and liabilities are not discounted.
Dividends
Proposed dividends are only included as liabilities in the statement of financial position when their payment has been approved by the shareholders prior to the statement of financial position date.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Fixtures and Fittings 25% Reducing Balance
Computer Equipment 33.33% Straight Line
Provisions
Provisions are recognised when the company has a present obligation as a result of a past event which it is more probable than not will result in an outflow of economic benefits that can be reasonably estimated.
2.

Average number of employees

Average number of employees during the year was 1 (2022 : 1).
3.

Tangible fixed assets

Cost or valuation Fixtures and Fittings   Computer Equipment   Total
  £   £   £
At 01 August 2022   6,549    6,549 
Additions 1,374    316    1,690 
Disposals    
At 31 July 2023 1,374    6,865    8,239 
Depreciation
At 01 August 2022   3,355    3,355 
Charge for year 199    2,203    2,402 
On disposals    
At 31 July 2023 199    5,558    5,757 
Net book values
Closing balance as at 31 July 2023 1,175    1,307    2,482 
Opening balance as at 01 August 2022   3,194    3,194 


4.

Debtors: amounts falling due within one year

2023
£
  2022
£
Trade Debtors 109    1,800 
Prepayments & Accrued Income 155    739 
Accrued Income 111   
Advance Received (39)  
336    2,539 

5.

Creditors: amount falling due within one year

2023
£
  2022
£
Trade Creditors 105    245 
Corporation Tax 5,915    10,719 
Dividends Payable - Equity 25,000   
Wages & Salaries Control Account 1,000    6,400 
Directors' Current Accounts 2,328    36,192 
VAT 1,435    1,895 
35,783    55,451 

6.

Provisions for liabilities

2023
£
  2022
£
Deferred Tax 472    607 
472    607 

7.

Share Capital

Allotted, called up and fully paid
2023
£
  2022
£
1,000 Ordinary shares of £1.00 each 1,000    1,000 
1,000    1,000 

5