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REGISTERED NUMBER: 05201609 (England and Wales)











Unaudited Financial Statements

for the Year Ended 31 December 2023

for

Gouranga Synergy Limited

Gouranga Synergy Limited (Registered number: 05201609)






Contents of the Financial Statements
for the Year Ended 31 December 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Gouranga Synergy Limited

Company Information
for the Year Ended 31 December 2023







DIRECTOR: R. Glynn





SECRETARY: Ms. L. Carolan





REGISTERED OFFICE: 52 Woodland Terrace
Darlington
Co. Durham
DL3 9NU





REGISTERED NUMBER: 05201609 (England and Wales)





ACCOUNTANTS: Mollart & Co
39 Grange Road
Darlington
Co. Durham
DL1 5NB

Gouranga Synergy Limited (Registered number: 05201609)

Balance Sheet
31 December 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 953 887

CURRENT ASSETS
Debtors 5 17,704 7,258
Cash at bank 19,827 32,459
37,531 39,717
CREDITORS
Amounts falling due within one year 6 9,437 9,794
NET CURRENT ASSETS 28,094 29,923
TOTAL ASSETS LESS CURRENT
LIABILITIES

29,047

30,810

PROVISIONS FOR LIABILITIES 7 135 112
NET ASSETS 28,912 30,698

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 28,911 30,697
SHAREHOLDERS' FUNDS 28,912 30,698

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

Gouranga Synergy Limited (Registered number: 05201609)

Balance Sheet - continued
31 December 2023


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 director and authorised for issue on 21 September 2024 and were signed by:





R. Glynn - Director


Gouranga Synergy Limited (Registered number: 05201609)

Notes to the Financial Statements
for the Year Ended 31 December 2023

1. STATUTORY INFORMATION

Gouranga Synergy 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 represents the invoiced sales of services and goods. The company is not registered for value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 33% on cost and 15% 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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

Gouranga Synergy Limited (Registered number: 05201609)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2023 24,931
Additions 1,006
At 31 December 2023 25,937
DEPRECIATION
At 1 January 2023 24,044
Charge for year 940
At 31 December 2023 24,984
NET BOOK VALUE
At 31 December 2023 953
At 31 December 2022 887

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 17,558 5,829
Other debtors 146 1,429
17,704 7,258

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Taxation and social security 5,350 6,016
Other creditors 4,087 3,778
9,437 9,794

7. PROVISIONS FOR LIABILITIES
2023 2022
£    £   
Deferred tax
Accelerated capital allowances 135 112

Gouranga Synergy Limited (Registered number: 05201609)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

7. PROVISIONS FOR LIABILITIES - continued

Deferred
tax
£   
Balance at 1 January 2023 112
Charge to Income Statement during year 23
Balance at 31 December 2023 135

8. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 December 2023 and 31 December 2022:

2023 2022
£    £   
R. Glynn
Balance outstanding at start of year (505 ) 3,557
Amounts advanced 6,360 6,962
Amounts repaid (6,605 ) (11,024 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (750 ) (505 )

Mr. Glynn makes payments on the company's behalf as he performs his duties and claims reimbursement through a current loan account which is unsecured, interest free when in credit and repayable on demand.
At 31 December 2023 the company owed the director £750 on his director's current loan account (2022 - £505). Interest is charged at the statutory rate when the account is overdrawn.
The director, who is the sole share holder, was paid dividends of £24,650 during the year.

9. ULTIMATE CONTROLLING PARTY

The company is under the control of Mr. R. Glynn by virtue of his ownership of the issued share capital.