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REGISTERED NUMBER: 09494333 (England and Wales)






















Unaudited Financial Statements

for the Year Ended 31 August 2023

for

Synergy Sports Coaching Limited

Synergy Sports Coaching Limited (Registered number: 09494333)






Contents of the Financial Statements
for the Year Ended 31 August 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Synergy Sports Coaching Limited

Company Information
for the Year Ended 31 August 2023







DIRECTOR: L Turnbull





REGISTERED OFFICE: Greetwell Place
Limekiln Way
Lincoln
LN2 4US





REGISTERED NUMBER: 09494333 (England and Wales)





ACCOUNTANTS: Wright Vigar Limited
Chartered Accountants & Business Advisers
15 Newland
Lincoln
Lincolnshire
LN1 1XG

Synergy Sports Coaching Limited (Registered number: 09494333)

Balance Sheet
31 August 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 19,203 23,850
19,203 23,850

CURRENT ASSETS
Debtors 6 14,331 23,320
Cash at bank 150,850 127,870
165,181 151,190
CREDITORS
Amounts falling due within one year 7 53,761 64,786
NET CURRENT ASSETS 111,420 86,404
TOTAL ASSETS LESS CURRENT
LIABILITIES

130,623

110,254

PROVISIONS FOR LIABILITIES 5,394 4,943
NET ASSETS 125,229 105,311

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 125,129 105,211
SHAREHOLDERS' FUNDS 125,229 105,311

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director and authorised for issue on 23 November 2023 and were signed by:





L Turnbull - Director


Synergy Sports Coaching Limited (Registered number: 09494333)

Notes to the Financial Statements
for the Year Ended 31 August 2023

1. STATUTORY INFORMATION

Synergy Sports Coaching 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2015, is being amortised evenly over its estimated useful life of five years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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 - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

Government grants
During the prior period the company received Government Grants. These amounts have been recognised using the accrual method and are recognised in income on a systematic basis over the periods in which the entity recognises the related costs for which the grant is intended to compensate.

Synergy Sports Coaching Limited (Registered number: 09494333)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2023

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 10 (2022 - 12 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 September 2022
and 31 August 2023 11,100
AMORTISATION
At 1 September 2022
and 31 August 2023 11,100
NET BOOK VALUE
At 31 August 2023 -
At 31 August 2022 -

5. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 September 2022 9,548 20,961 19,628 50,137
Additions - - 1,493 1,493
At 31 August 2023 9,548 20,961 21,121 51,630
DEPRECIATION
At 1 September 2022 6,164 9,801 10,322 26,287
Charge for year 846 2,790 2,504 6,140
At 31 August 2023 7,010 12,591 12,826 32,427
NET BOOK VALUE
At 31 August 2023 2,538 8,370 8,295 19,203
At 31 August 2022 3,384 11,160 9,306 23,850

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 13,536 22,860
Other debtors 795 460
14,331 23,320

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Taxation and social security 23,324 26,564
Other creditors 30,437 38,222
53,761 64,786

Synergy Sports Coaching Limited (Registered number: 09494333)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2023

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
100 Ordinary £1 100 100