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REGISTERED NUMBER: 09418128 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 29 FEBRUARY 2024

FOR

SYNERGY FIRE INSTALLATIONS LIMITED

SYNERGY FIRE INSTALLATIONS LIMITED (REGISTERED NUMBER: 09418128)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


SYNERGY FIRE INSTALLATIONS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 29 FEBRUARY 2024







DIRECTORS: Mrs V T Smith
Mr W M Smith





REGISTERED OFFICE: Suite 1
1 The Crescent
Adel
Leeds
West Yorkshire
LS16 6AA





BUSINESS ADDRESS: 72 Manchester Road
Heywood
Lancashire
OL10 2PN





REGISTERED NUMBER: 09418128 (England and Wales)





ACCOUNTANTS: Temporal Lennon & Company Limited
Chartered Accountants
Suite 1
1 The Crescent
Adel
Leeds
West Yorkshire
LS16 6AA

SYNERGY FIRE INSTALLATIONS LIMITED (REGISTERED NUMBER: 09418128)

BALANCE SHEET
29 FEBRUARY 2024

29.2.24 28.2.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 97,275 73,609

CURRENT ASSETS
Debtors 5 225,578 273,738
Cash at bank 1,867 74,946
227,445 348,684
CREDITORS
Amounts falling due within one year 6 81,149 161,846
NET CURRENT ASSETS 146,296 186,838
TOTAL ASSETS LESS CURRENT
LIABILITIES

243,571

260,447

CREDITORS
Amounts falling due after more than one
year

7

(15,333

)

(24,584

)

PROVISIONS FOR LIABILITIES (25,778 ) (12,496 )
NET ASSETS 202,460 223,367

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 202,360 223,267
SHAREHOLDERS' FUNDS 202,460 223,367

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Board of Directors and authorised for issue on 20 May 2024 and were signed on its behalf by:





Mr W M Smith - Director


SYNERGY FIRE INSTALLATIONS LIMITED (REGISTERED NUMBER: 09418128)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024

1. STATUTORY INFORMATION

Synergy Fire Installations 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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 20% on cost
Office equipment - 20% on cost
Motor vehicles - 25% on cost

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
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2023 - 4 ) .

SYNERGY FIRE INSTALLATIONS LIMITED (REGISTERED NUMBER: 09418128)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 29 FEBRUARY 2024

4. TANGIBLE FIXED ASSETS
Plant and Office Motor
machinery equipment vehicles Totals
£    £    £    £   
COST
At 1 March 2023 70,969 13,116 118,325 202,410
Additions 136 - 70,250 70,386
Disposals - - (49,840 ) (49,840 )
At 29 February 2024 71,105 13,116 138,735 222,956
DEPRECIATION
At 1 March 2023 66,261 11,996 50,544 128,801
Charge for year 2,762 375 21,266 24,403
Eliminated on disposal - - (27,523 ) (27,523 )
At 29 February 2024 69,023 12,371 44,287 125,681
NET BOOK VALUE
At 29 February 2024 2,082 745 94,448 97,275
At 28 February 2023 4,708 1,120 67,781 73,609

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 March 2023 56,070
Transfer to ownership (36,075 )
At 29 February 2024 19,995
DEPRECIATION
At 1 March 2023 40,047
Charge for year 4,999
Transfer to ownership (30,050 )
At 29 February 2024 14,996
NET BOOK VALUE
At 29 February 2024 4,999
At 28 February 2023 16,023

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£    £   
Trade debtors 122,695 158,368
Other debtors 102,883 115,370
225,578 273,738

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£    £   
Bank loans and overdrafts 8,489 13,610
Hire purchase contracts (see note 8) 777 6,053
Trade creditors 31,174 28,961
Taxation and social security 29,551 103,260
Other creditors 11,158 9,962
81,149 161,846

SYNERGY FIRE INSTALLATIONS LIMITED (REGISTERED NUMBER: 09418128)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 29 FEBRUARY 2024

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
29.2.24 28.2.23
£    £   
Bank loans 15,333 23,807
Hire purchase contracts (see note 8) - 777
15,333 24,584

8. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
29.2.24 28.2.23
£    £   
Net obligations repayable:
Within one year 777 6,053
Between one and five years - 777
777 6,830

Non-cancellable operating leases
29.2.24 28.2.23
£    £   
Within one year - 1,637

9. SECURED DEBTS

The following secured debts are included within creditors:

29.2.24 28.2.23
£    £   
Hire purchase contracts 777 6,830

The hire purchase contracts are secured on the assets that they relate to.

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 29 February 2024 and 28 February 2023:

29.2.24 28.2.23
£    £   
Mrs V T Smith and Mr W M Smith
Balance outstanding at start of year - -
Amounts advanced 3,703 -
Amounts repaid (3,703 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - -

11. ULTIMATE CONTROLLING PARTY

The controlling party is Mr W M Smith.