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Company Registration No. 11221049 (England and Wales)
Synengin Limited Unaudited accounts for the year ended 31 March 2024
Synengin Limited Unaudited accounts Contents
Page
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Synengin Limited Company Information for the year ended 31 March 2024
Director
Christopher Lloyd
Company Number
11221049 (England and Wales)
Registered Office
40 HIGHFIELD AVENUE ALDERSHOT GU11 3BZ UNITED KINGDOM
Accountants
Ashby & Company Flat 5 2 Courts Hill Road Haslemere Surrey GU27 2EG
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Synengin Limited Statement of financial position as at 31 March 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
1,807 
3,364 
Current assets
Debtors
22,439 
8,174 
Cash at bank and in hand
15,936 
36,533 
38,375 
44,707 
Creditors: amounts falling due within one year
(18,068)
(13,754)
Net current assets
20,307 
30,953 
Total assets less current liabilities
22,114 
34,317 
Provisions for liabilities
Deferred tax
(344)
(640)
Net assets
21,770 
33,677 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
21,670 
33,577 
Shareholders' funds
21,770 
33,677 
For the year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 12 September 2024 and were signed on its behalf by
Christopher Lloyd Director Company Registration No. 11221049
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Synengin Limited Notes to the Accounts for the year ended 31 March 2024
1
Statutory information
Synengin Limited is a private company, limited by shares, registered in England and Wales, registration number 11221049. The registered office is 40 HIGHFIELD AVENUE, ALDERSHOT, GU11 3BZ, UNITED KINGDOM.
2
Accounting policies
Accounting convention
These financial statements have been prepared in accordance with FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" ("FRS 102") and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view. The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £. The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.
Turnover
Turnover is recognised at the fair value of the consideration received or receivable for information technology consultancy and support services, net of VAT and discounts, provided in the normal course of business.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
25% straight line
Computer equipment
25% straight line
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
Financial instruments
The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' of FRS 102 to all of its financial instruments. Basic financial instruments are recognised at amortised cost.
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Synengin Limited Notes to the Accounts for the year ended 31 March 2024
3
Tangible fixed assets
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 April 2023
1,231 
8,067 
9,298 
At 31 March 2024
1,231 
8,067 
9,298 
Depreciation
At 1 April 2023
930 
5,004 
5,934 
Charge for the year
228 
1,329 
1,557 
At 31 March 2024
1,158 
6,333 
7,491 
Net book value
At 31 March 2024
73 
1,734 
1,807 
At 31 March 2023
301 
3,063 
3,364 
4
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
21,391 
6,765 
Accrued income and prepayments
1,048 
1,409 
22,439 
8,174 
5
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Trade creditors
3,223 
92 
Taxes and social security
8,936 
5,569 
Other creditors
5,009 
7,193 
Accruals
900 
900 
18,068 
13,754 
6
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
90 Ordinary A shares of £1 each
90 
90 
10 Ordinary B shares of £1 each
10 
10 
100 
100 
7
Operating lease commitments
2024 
2023 
£ 
£ 
At 31 March 2024 the company had the following future minimum lease payments under non-cancellable operating leases for each of the following periods:
Later than one year and not later than five years
9,018 
15,778 
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Synengin Limited Notes to the Accounts for the year ended 31 March 2024
8
Average number of employees
During the year the average number of employees was 2 (2023: 2).
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