Synerjy Limited 04083631 false 2022-07-01 2023-09-30 2023-09-30 The principal activity of the company is that of manufacture and supply and installation of pvcu windows, doors, double glazing sealed units and toughened safety glass Digita Accounts Production Advanced 6.30.9574.0 true true 04083631 2022-07-01 2023-09-30 04083631 2023-09-30 04083631 core:CurrentFinancialInstruments 2023-09-30 04083631 core:CurrentFinancialInstruments core:WithinOneYear 2023-09-30 04083631 core:Goodwill 2023-09-30 04083631 core:FurnitureFittings 2023-09-30 04083631 core:MotorVehicles 2023-09-30 04083631 core:OfficeEquipment 2023-09-30 04083631 core:PlantMachinery 2023-09-30 04083631 bus:SmallEntities 2022-07-01 2023-09-30 04083631 bus:AuditExemptWithAccountantsReport 2022-07-01 2023-09-30 04083631 bus:FullAccounts 2022-07-01 2023-09-30 04083631 bus:SmallCompaniesRegimeForAccounts 2022-07-01 2023-09-30 04083631 bus:RegisteredOffice 2022-07-01 2023-09-30 04083631 bus:CompanySecretaryDirector1 2022-07-01 2023-09-30 04083631 bus:Director1 2022-07-01 2023-09-30 04083631 bus:Director6 2022-07-01 2023-09-30 04083631 bus:PrivateLimitedCompanyLtd 2022-07-01 2023-09-30 04083631 core:FurnitureFittings 2022-07-01 2023-09-30 04083631 core:MotorVehicles 2022-07-01 2023-09-30 04083631 core:OfficeEquipment 2022-07-01 2023-09-30 04083631 core:PlantMachinery 2022-07-01 2023-09-30 04083631 1 2022-07-01 2023-09-30 04083631 1 2022-07-01 2023-09-30 04083631 countries:England 2022-07-01 2023-09-30 04083631 2022-06-30 04083631 core:Goodwill 2022-06-30 04083631 core:FurnitureFittings 2022-06-30 04083631 core:MotorVehicles 2022-06-30 04083631 core:OfficeEquipment 2022-06-30 04083631 core:PlantMachinery 2022-06-30 04083631 2021-07-01 2022-06-30 04083631 2022-06-30 04083631 core:CurrentFinancialInstruments 2022-06-30 04083631 core:CurrentFinancialInstruments core:WithinOneYear 2022-06-30 04083631 core:FurnitureFittings 2022-06-30 04083631 core:MotorVehicles 2022-06-30 04083631 core:OfficeEquipment 2022-06-30 04083631 core:PlantMachinery 2022-06-30 iso4217:GBP xbrli:pure

Registration number: 04083631

Synerjy Limited

Unaudited Filleted Financial Statements

for the Period from 1 July 2022 to 30 September 2023

 

Synerjy Limited

Contents

Balance Sheet

1 to 2

Notes to the Unaudited Financial Statements

3 to 6

 

Synerjy Limited

(Registration number: 04083631)
Balance Sheet as at 30 September 2023

Note

2023
£

2022
£

Fixed assets

 

Tangible assets

5

328,938

89,163

Current assets

 

Stocks

6

98,964

142,472

Debtors

7

769,686

1,072,686

Cash at bank and in hand

 

131,083

291,004

 

999,733

1,506,162

Creditors: Amounts falling due within one year

8

(508,666)

(743,969)

Net current assets

 

491,067

762,193

Total assets less current liabilities

 

820,005

851,356

Provisions for liabilities

(76,851)

(14,859)

Net assets

 

743,154

836,497

Capital and reserves

 

Called up share capital

50,004

50,004

Revaluation reserve

98,555

-

Retained earnings

594,595

786,493

Shareholders' funds

 

743,154

836,497

For the financial period ending 30 September 2023 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

For the financial period ending 30 September 2023 the Company was entitled to exemption from audit under section 479A of the Companies Act 2006 relating to subsidiary companies.

Directors' responsibilities:

The members have not required the Company to obtain an audit of its accounts for the period 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.

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 27 March 2024 and signed on its behalf by:
 

 

Synerjy Limited

(Registration number: 04083631)
Balance Sheet as at 30 September 2023

.........................................
G J Clewett
Director

.........................................
H L Brown
Company secretary and director

.........................................
H Clewett
Director

 

Synerjy Limited

Notes to the Unaudited Financial Statements for the Period from 1 July 2022 to 30 September 2023

1

General information

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

The address of its registered office is:
Anglo Danish House
King Edward Street
Grimsby
North East Lincolnshire
DN31 3JH

These financial statements were authorised for issue by the Board on 27 March 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 financial statements were prepared in accordance with Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

Basis of preparation

These 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.

These financial statements have been presented in sterling and are rounded to the nearest pound.

Group accounts not prepared

The company has taken advantage of the exemption provided by Section 398 of the Companies Act 2006 and has not prepared group accounts.

Disclosure of long or short period

The accounting period was extended to bring the accounts year end in line with the date the company was sold to Synerjy Holdings Limited

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 current and deferred 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.

The current income 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.

 

Synerjy Limited

Notes to the Unaudited Financial Statements for the Period from 1 July 2022 to 30 September 2023

Deferred income tax is recognised on temporary differences arising between the tax bases of assets and liabilities and their carrying amounts in the financial statements and on unused tax losses or tax credits in the company. Deferred income tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

Tangible assets

Some tangible assets are stated in the statement of financial position at valuation and some tangible assets are stated at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Plant and Machinery

7.5 - 20% Reducing Balance

Motor Vehicles

25% Reducing Balance

Office Equipment

25% Reducing Balance

Fixtures and Fittings

25% Reducing Balance

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

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.

Dividends

Dividend distribution to the Company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Defined contribution pension obligation

The company contributes into a NEST scheme of behalf of its employees to fulfil its auto-enrolment requirements. The company also contributes into the directors personal pension scheme. Contributions are recognised in the profit and loss account in the period in which they become payable.

3

Staff numbers

The average number of persons employed by the Company (including Directors) during the period, was 42 (2022 - 27).

 

Synerjy Limited

Notes to the Unaudited Financial Statements for the Period from 1 July 2022 to 30 September 2023

4

Intangible assets

Goodwill
 £

Total
£

Cost or valuation

At 1 July 2022

25,000

25,000

At 30 September 2023

25,000

25,000

Amortisation

At 1 July 2022

25,000

25,000

At 30 September 2023

25,000

25,000

Carrying amount

At 30 September 2023

-

-

5

Tangible assets

Fixtures and fittings
£

Plant and machinery
£

Office equipment
£

Motor vehicles
 £

Total
£

Cost or valuation

At 1 July 2022

22,993

596,958

22,818

133,566

776,335

Revaluations

-

109,047

10,000

12,360

131,407

Additions

14,817

122,403

-

55,108

192,328

Disposals

-

(32,085)

-

(62,995)

(95,080)

At 30 September 2023

37,810

796,323

32,818

138,039

1,004,990

Depreciation

At 1 July 2022

20,196

556,057

22,818

88,101

687,172

Charge for the period

4,263

41,504

-

26,822

72,589

Eliminated on disposal

-

(28,585)

-

(55,124)

(83,709)

At 30 September 2023

24,459

568,976

22,818

59,799

676,052

Carrying amount

At 30 September 2023

13,351

227,347

10,000

78,240

328,938

At 30 June 2022

2,797

40,901

-

45,465

89,163

6

Stocks

2023
£

2022
£

Other inventories

98,964

142,472

 

Synerjy Limited

Notes to the Unaudited Financial Statements for the Period from 1 July 2022 to 30 September 2023

7

Debtors

Current

2023
£

2022
£

Trade debtors

670,400

1,051,575

Prepayments

26,566

21,111

Other debtors

72,720

-

 

769,686

1,072,686

8

Creditors

Creditors: amounts falling due within one year

2023
£

2022
£

Due within one year

Trade creditors

446,357

532,160

Taxation and social security

27,617

161,680

Accruals and deferred income

32,425

36,696

Other creditors

2,267

13,433

508,666

743,969

9

Financial commitments, guarantees and contingencies

Amounts not provided for in the balance sheet

The total amount of financial commitments not included in the balance sheet is £63,000 (2022 - £108,000).

10

Related party transactions

The company has taken advantage from the exemption in section 33 of FRS102 from disclosing transactions with the group.

11

Parent and ultimate parent undertaking

The Company's immediate parent is Synerjy Holdings Limited, incorporated in England.