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REGISTERED NUMBER: 09511928 (England and Wales)















Report of the Director and

Unaudited Financial Statements for the Year Ended 31 May 2023

for

Synergy Steel Structures Limited

Synergy Steel Structures Limited (Registered number: 09511928)






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




Page

Company Information 1

Report of the Director 2

Income Statement 3

Balance Sheet 4

Statement of Changes in Equity 6

Notes to the Financial Statements 7


Synergy Steel Structures Limited

Company Information
for the Year Ended 31 May 2023







DIRECTOR: A R Hookings





REGISTERED OFFICE: Suite 147, Waterhouse Business Centre
2 Cromar Way
Chelmsford
Essex
CM1 2QE





REGISTERED NUMBER: 09511928 (England and Wales)





ACCOUNTANTS: Kayford Consultancy
Hampton Hill House
Stourbridge Road
Wombourne
Staffordshire
WV5 0JN

Synergy Steel Structures Limited (Registered number: 09511928)

Report of the Director
for the Year Ended 31 May 2023

The director presents his report with the financial statements of the company for the year ended 31 May 2023.

DIRECTOR
A R Hookings held office during the whole of the period from 1 June 2022 to the date of this report.

POLITICAL DONATIONS AND EXPENDITURE
All Donations were to Charitable organisations

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

ON BEHALF OF THE BOARD:





A R Hookings - Director


28 February 2024

Synergy Steel Structures Limited (Registered number: 09511928)

Income Statement
for the Year Ended 31 May 2023

31.5.23 31.5.22
Notes £    £   

TURNOVER 735,422 5,135,828

Cost of sales 426,751 3,727,014
GROSS PROFIT 308,671 1,408,814

Administrative expenses 354,994 385,662
(46,323 ) 1,023,152

Other operating income 2,962 410
OPERATING (LOSS)/PROFIT 4 (43,361 ) 1,023,562


Interest payable and similar expenses 2,905 3,224
(LOSS)/PROFIT BEFORE TAXATION (46,266 ) 1,020,338

Tax on (loss)/profit (32,659 ) 231,047
(LOSS)/PROFIT FOR THE FINANCIAL
YEAR

(13,607

)

789,291

Synergy Steel Structures Limited (Registered number: 09511928)

Balance Sheet
31 May 2023

31.5.23 31.5.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 6,009 10,429

CURRENT ASSETS
Stocks 45,000 135,828
Debtors 6 412,604 436,178
Cash at bank and in hand 286,838 261,621
744,442 833,627
CREDITORS
Amounts falling due within one year 7 40,944 27,870
NET CURRENT ASSETS 703,498 805,757
TOTAL ASSETS LESS CURRENT
LIABILITIES

709,507

816,186

CREDITORS
Amounts falling due after more than one
year

8

20,000

28,072
NET ASSETS 689,507 788,114

CAPITAL AND RESERVES
Called up share capital 50 50
Retained earnings 689,457 788,064
689,507 788,114

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 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.

Synergy Steel Structures Limited (Registered number: 09511928)

Balance Sheet - continued
31 May 2023


The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the director and authorised for issue on 28 February 2024 and were signed by:





A R Hookings - Director


Synergy Steel Structures Limited (Registered number: 09511928)

Statement of Changes in Equity
for the Year Ended 31 May 2023

Called up
share Retained Total
capital earnings equity
£    £    £   
Balance at 1 June 2021 100 369,723 369,823

Changes in equity
Issue of share capital (50 ) - (50 )
Dividends - (170,000 ) (170,000 )
Total comprehensive income - 588,341 588,341
Balance at 31 May 2022 50 788,064 788,114

Changes in equity
Dividends - (85,000 ) (85,000 )
Total comprehensive income - (13,607 ) (13,607 )
Balance at 31 May 2023 50 689,457 689,507

Synergy Steel Structures Limited (Registered number: 09511928)

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

1. STATUTORY INFORMATION

Synergy Steel Structures 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.

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 etc - 25% on cost

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2022 - 3 ) .

Synergy Steel Structures Limited (Registered number: 09511928)

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

4. OPERATING (LOSS)/PROFIT

The operating loss (2022 - operating profit) is stated after charging:

31.5.23 31.5.22
£    £   
Depreciation - owned assets 4,420 5,343

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 June 2022
and 31 May 2023 26,246
DEPRECIATION
At 1 June 2022 15,817
Charge for year 4,420
At 31 May 2023 20,237
NET BOOK VALUE
At 31 May 2023 6,009
At 31 May 2022 10,429

6. DEBTORS
31.5.23 31.5.22
£    £   
Amounts falling due within one year:
Trade debtors - 278,012
Other debtors 330,715 158,166
330,715 436,178

Amounts falling due after more than one year:
Other debtors 81,889 -

Aggregate amounts 412,604 436,178

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.23 31.5.22
£    £   
Trade creditors 7,170 1,275
Taxation and social security 18,044 (380 )
Other creditors 15,730 26,975
40,944 27,870

Synergy Steel Structures Limited (Registered number: 09511928)

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

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.5.23 31.5.22
£    £   
Bank loans 20,000 30,000
Taxation and social security - (1,928 )
20,000 28,072

9. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 May 2023 and 31 May 2022:

31.5.23 31.5.22
£    £   
A R Hookings
Balance outstanding at start of year 102,409 -
Amounts advanced 137,372 272,409
Amounts repaid (85,000 ) (170,000 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 154,781 102,409