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REGISTERED NUMBER: 08714441 (England and Wales)















SYNERGY AUTOMATION LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2023






SYNERGY AUTOMATION LIMITED (REGISTERED NUMBER: 08714441)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


SYNERGY AUTOMATION LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 OCTOBER 2023







DIRECTOR: D C Grice





REGISTERED OFFICE: 77 London Road
Holmes Chapel
Cheshire
CW4 7AT





REGISTERED NUMBER: 08714441 (England and Wales)





ACCOUNTANTS: Murray Smith LLP
Chartered Accountants
Darland House
44 Winnington Hill
Northwich
Cheshire
CW8 1AU

SYNERGY AUTOMATION LIMITED (REGISTERED NUMBER: 08714441)

BALANCE SHEET
31 OCTOBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 18,100 27,367

CURRENT ASSETS
Stocks 20,183 5,311
Debtors 5 35,383 11,667
Cash at bank 103,751 98,723
159,317 115,701
CREDITORS
Amounts falling due within one year 6 57,500 28,545
NET CURRENT ASSETS 101,817 87,156
TOTAL ASSETS LESS CURRENT
LIABILITIES

119,917

114,523

PROVISIONS FOR LIABILITIES 4,797 7,252
NET ASSETS 115,120 107,271

CAPITAL AND RESERVES
Called up share capital 7 100 100
Profit and loss account 115,020 107,171
SHAREHOLDERS' FUNDS 115,120 107,271

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 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 AUTOMATION LIMITED (REGISTERED NUMBER: 08714441)

BALANCE SHEET - continued
31 OCTOBER 2023


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 28 March 2024 and were signed by:





D C Grice - Director


SYNERGY AUTOMATION LIMITED (REGISTERED NUMBER: 08714441)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023

1. STATUTORY INFORMATION

Synergy Automation 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 represents net invoiced sales of goods and services, excluding value added tax. The goods and services provided are in relation to software engineering.

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 cost
Motor vehicles - 25% on cost
Office equipment - 25% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

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. The company also contributes to the directors personal pension plan.

SYNERGY AUTOMATION LIMITED (REGISTERED NUMBER: 08714441)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2023

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

4. TANGIBLE FIXED ASSETS
Plant and Motor Office
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 November 2022
and 31 October 2023 5,365 33,495 3,907 42,767
DEPRECIATION
At 1 November 2022 3,178 8,865 3,357 15,400
Charge for year 618 8,374 275 9,267
At 31 October 2023 3,796 17,239 3,632 24,667
NET BOOK VALUE
At 31 October 2023 1,569 16,256 275 18,100
At 31 October 2022 2,187 24,630 550 27,367

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 33,264 10,198
Prepayments and accrued income 2,119 1,469
35,383 11,667

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 27,783 2,801
Corporation tax 14,015 13,628
Social security and other taxes 5,153 3,642
Directors' current accounts 8,799 6,849
Accrued expenses 1,750 1,625
57,500 28,545

7. CALLED UP SHARE CAPITAL

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