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Registered number: 08769409
Syner-B Solutions Ltd
Financial Statements
For The Year Ended 30 November 2023
Moving Arts Design and Technology LLP
Building 3 North London Business Park
Oakleigh Road South
London
N11 1GN
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 08769409
2023 2022
Notes £ £ £ £
CURRENT ASSETS
Stocks 4 8,396 8,396
Debtors 5 129,793 151,511
Cash at bank and in hand 16,055 72,847
154,244 232,754
Creditors: Amounts Falling Due Within One Year 6 (131,755 ) (186,542 )
NET CURRENT ASSETS (LIABILITIES) 22,489 46,212
TOTAL ASSETS LESS CURRENT LIABILITIES 22,489 46,212
Creditors: Amounts Falling Due After More Than One Year 7 (4,350 ) (4,350 )
NET ASSETS 18,139 41,862
CAPITAL AND RESERVES
Called up share capital 8 10,047 10,047
Share premium account 2,462 2,462
Profit and Loss Account 5,630 29,353
SHAREHOLDERS' FUNDS 18,139 41,862
Page 1
Page 2
For the year ending 30 November 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Samuel Kunda
Director
31/07/2024
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Syner-B Solutions Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 08769409 . The registered office is 228E Building 3, Oakleigh Road South, London, N11 1GN.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. 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 sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
2.4. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
3. Average Number of Employees
Average number of employees, including directors, during the year was: NIL (2022: NIL)
- -
4. Stocks
2023 2022
£ £
Stock 8,396 8,396
5. Debtors
2023 2022
£ £
Due within one year
Trade debtors - 48,450
Other debtors 31,793 61
31,793 48,511
Due after more than one year
Other debtors (1) 98,000 103,000
129,793 151,511
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6. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Trade creditors 99,210 146,297
Corporation tax (21,938 ) (16,840 )
VAT 54,483 57,085
131,755 186,542
7. Creditors: Amounts Falling Due After More Than One Year
2023 2022
£ £
Directors loan account 4,350 4,350
8. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 10,047 10,047
Page 4