0 false false false false false false false false false false true false false false false false false No description of principal activity 2022-11-29 Sage Accounts Production Advanced 2023 - FRS102_2023 370 333 9 342 28 37 xbrli:pure xbrli:shares iso4217:GBP 8305100 2022-11-29 2023-11-28 8305100 2023-11-28 8305100 2022-11-28 8305100 2021-11-30 2022-11-28 8305100 2022-11-28 8305100 2021-11-29 8305100 core:PlantMachinery 2022-11-29 2023-11-28 8305100 bus:OrdinaryShareClass1 2022-11-29 2023-11-28 8305100 bus:Director1 2022-11-29 2023-11-28 8305100 core:PlantMachinery 2022-11-28 8305100 core:PlantMachinery 2023-11-28 8305100 core:WithinOneYear 2023-11-28 8305100 core:WithinOneYear 2022-11-28 8305100 core:AfterOneYear 2023-11-28 8305100 core:AfterOneYear 2022-11-28 8305100 core:UKTax 2022-11-29 2023-11-28 8305100 core:UKTax 2021-11-30 2022-11-28 8305100 core:ShareCapital 2023-11-28 8305100 core:ShareCapital 2022-11-28 8305100 core:RetainedEarningsAccumulatedLosses 2023-11-28 8305100 core:RetainedEarningsAccumulatedLosses 2022-11-28 8305100 core:PlantMachinery 2022-11-28 8305100 bus:SmallEntities 2022-11-29 2023-11-28 8305100 bus:AuditExemptWithAccountantsReport 2022-11-29 2023-11-28 8305100 bus:SmallCompaniesRegimeForAccounts 2022-11-29 2023-11-28 8305100 bus:PrivateLimitedCompanyLtd 2022-11-29 2023-11-28 8305100 bus:FullAccounts 2022-11-29 2023-11-28 8305100 bus:OrdinaryShareClass1 2023-11-28 8305100 bus:OrdinaryShareClass1 2022-11-28
COMPANY REGISTRATION NUMBER: 8305100
Synergy Health, Wellness & Fitness Education Centre Ltd
Filleted Unaudited Financial Statements
28 November 2023
Synergy Health, Wellness & Fitness Education Centre Ltd
Financial Statements
Year ended 28 November 2023
Contents
Pages
Statement of financial position
1 to 2
Notes to the financial statements
3 to 6
Synergy Health, Wellness & Fitness Education Centre Ltd
Statement of Financial Position
28 November 2023
2023
2022
Note
£
£
Fixed assets
Tangible assets
6
28
37
Current assets
Stocks
194
173
Debtors
7
27,970
26,377
Cash at bank and in hand
2,438
68
--------
--------
30,602
26,618
Creditors: amounts falling due within one year
8
( 29,780)
( 31,985)
--------
--------
Net current assets/(liabilities)
822
( 5,367)
----
-------
Total assets less current liabilities
850
( 5,330)
Creditors: amounts falling due after more than one year
9
( 16,594)
( 20,281)
--------
--------
Net liabilities
( 15,744)
( 25,611)
--------
--------
Capital and reserves
Called up share capital
10
1
1
Profit and loss account
( 15,745)
( 25,612)
--------
--------
Shareholders deficit
( 15,744)
( 25,611)
--------
--------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 28 November 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
Synergy Health, Wellness & Fitness Education Centre Ltd
Statement of Financial Position (continued)
28 November 2023
These financial statements were approved by the board of directors and authorised for issue on 28 August 2024 , and are signed on behalf of the board by:
Mr C.R. Williams
Director
Company registration number: 8305100
Synergy Health, Wellness & Fitness Education Centre Ltd
Notes to the Financial Statements
Year ended 28 November 2023
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 4 Nelson Street, Pennar, Pembroke Dock, Pembrokeshire, SA72 6NU.
2. Statement of compliance
These financial statements have been prepared in accordance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the Companies Act 2006.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Going concern
The director have a reasonable expectation that the company has adequate resources to continue operational existence for the foreseeable future. For this reason, the director continues to adopt the going concern basis of accounting in preparing the annual financial statements.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax. Revenue from the sale of goods and services is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer, usually on despatch of the goods, the amount of revenue can be measured reliably, it is probable that the associated economic benefits will flow to the entity, and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Plant and machinery
-
25% reducing balance
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.
Government grants
Government grants are recognised at the fair value of the asset received or receivable. Grants are not recognised until there is reasonable assurance that the company will comply with the conditions attaching to them and the grants will be received. Government grants are recognised using the accrual model. Under the accrual model, government grants relating to revenue are recognised on a systematic basis over the periods in which the company recognises the related costs for which the grant is intended to compensate. Grants that are receivable as compensation for expenses or losses already incurred or for the purpose of giving immediate financial support to the entity with no future related costs are recognised in income in the period in which it becomes receivable.
4. Employee numbers
The average number of persons employed by the company during the year amounted to Nil (2022: 2 ).
5. Tax on profit/(loss)
Major components of tax expense/(income)
Period from
Year to
30 Nov 21 to
28 Nov 23
28 Nov 22
£
£
Current tax:
UK current tax expense
2,106
Adjustments in respect of prior periods
( 656)
( 2,281)
-------
-------
Total current tax
1,450
( 2,281)
-------
-------
-------
-------
Tax on profit/(loss)
1,450
( 2,281)
-------
-------
6. Tangible assets
Plant and machinery
Total
£
£
Cost
At 29 November 2022 and 28 November 2023
370
370
----
----
Depreciation
At 29 November 2022
333
333
Charge for the year
9
9
----
----
At 28 November 2023
342
342
----
----
Carrying amount
At 28 November 2023
28
28
----
----
At 28 November 2022
37
37
----
----
7. Debtors
2023
2022
£
£
Other debtors
27,970
26,377
--------
--------
Other debtors include an amount of £nil (2022 - £nil) falling due after more than one year.
8. Creditors: amounts falling due within one year
2023
2022
£
£
Bank loans and overdrafts (secured)
3,688
4,679
Corporation tax
6,365
7,741
Other creditors
19,727
19,565
--------
--------
29,780
31,985
--------
--------
9. Creditors: amounts falling due after more than one year
2023
2022
£
£
Bank loans and overdrafts (secured)
16,594
20,281
--------
--------
Included within creditors: amounts falling due after more than one year is an amount of £1,844 (2022: £5,531) in respect of liabilities payable or repayable by instalments which fall due for payment after more than five years from the reporting date.
10. Called up share capital
Issued, called up and fully paid
2023
2022
No.
£
No.
£
Ordinary shares of £ 1 each
1
1
1
1
----
----
----
----
11. Related party transactions
The company was under the control of Mr C.R. Williams , the managing director, throughout the current and previous year by virtue of his majority shareholding. At the year end date the company was owed £22,385 (2022 - £24,402) by Mr C.R. Williams , the managing director.