Registered number
14538696
Synergy Construction Management Limited
Filleted Accounts
31 December 2023
Synergy Construction Management Limited
Registered number: 14538696
Balance Sheet
as at 31 December 2023
Notes 2023
£
Fixed assets
Tangible assets 3 6,449
Current assets
Debtors 4 34,293
Cash at bank and in hand 141,399
175,692
Creditors: amounts falling due within one year 5 (80,036)
Net current assets 95,656
Net assets 102,105
Capital and reserves
Called up share capital 150
Profit and loss account 101,955
Shareholders' funds 102,105
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mr Neil McCarthy
Director
Approved by the board on 7 February 2024
Synergy Construction Management Limited
Notes to the Accounts
for the period from 13 December 2022 to 31 December 2023
1 Accounting policies
Basis of preparation
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 is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the rendering of services. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset using the reducing balance method, as follows:
Plant and machinery 20%
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2023
Number
Average number of persons employed by the company 0
3 Tangible fixed assets
Plant and machinery etc
£
Cost
Additions 8,061
At 31 December 2023 8,061
Depreciation
Charge for the period 1,612
At 31 December 2023 1,612
Net book value
At 31 December 2023 6,449
4 Debtors 2023
£
Trade debtors 19,186
Other debtors 15,107
34,293
5 Creditors: amounts falling due within one year 2023
£
Trade creditors 3,147
Taxation and social security costs 60,538
Other creditors 16,351
80,036
6 Other information
Synergy Construction Management Limited is a private company limited by shares and incorporated in England. Its registered office is:
Number One, Waterton Park
Waterton
Bridgend
CF15 3PH
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