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Synergy Risk Management Ltd

Financial Statements for the Year Ended 31 March 2024






Synergy Risk Management Ltd (Registered number: 08453266)






Contents of the Financial Statements
for the year ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Synergy Risk Management Ltd

Company Information
for the year ended 31 March 2024







DIRECTORS: Mrs K S Bray
Mr J Bray





REGISTERED OFFICE: 32A High Street
Clophill
Bedfordshire
MK45 4AA





REGISTERED NUMBER: 08453266 (England and Wales)





ACCOUNTANTS: Hargreaves Owen Ltd
Chartered Certified Accountants
Red Sky House
Fairclough Hall, Halls Green
Weston
Hertfordshire
SG4 7DP

Synergy Risk Management Ltd (Registered number: 08453266)

Balance Sheet
31 March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 4,391 4,263

CURRENT ASSETS
Debtors 5 5,534 3,642
Cash at bank 22,033 15,185
27,567 18,827
CREDITORS
Amounts falling due within one year 6 9,885 7,993
NET CURRENT ASSETS 17,682 10,834
TOTAL ASSETS LESS CURRENT
LIABILITIES

22,073

15,097

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 21,973 14,997
SHAREHOLDERS' FUNDS 22,073 15,097

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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 15 August 2024 and were signed on its behalf by:





Mr J Bray - Director


Synergy Risk Management Ltd (Registered number: 08453266)

Notes to the Financial Statements
for the year ended 31 March 2024

1. STATUTORY INFORMATION

Synergy Risk Management Ltd 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.
Computer equipment - 25% on reducing balance

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 April 2023 2,126 6,737 8,863
Additions - 1,816 1,816
Disposals - (529 ) (529 )
At 31 March 2024 2,126 8,024 10,150
DEPRECIATION
At 1 April 2023 1,002 3,598 4,600
Charge for year 281 1,183 1,464
Eliminated on disposal - (305 ) (305 )
At 31 March 2024 1,283 4,476 5,759
NET BOOK VALUE
At 31 March 2024 843 3,548 4,391
At 31 March 2023 1,124 3,139 4,263

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 2,496 3,642
Prepayments and accrued income 3,038 -
5,534 3,642

Synergy Risk Management Ltd (Registered number: 08453266)

Notes to the Financial Statements - continued
for the year ended 31 March 2024

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Corporation tax 3,980 1,905
Directors' current accounts 5,293 5,506
Accrued expenses 612 582
9,885 7,993