Registered number
06383504
Synergy Consulting Engineers Limited
Filleted Accounts
For the year ended 31 December 2023
ASVSH Accountancy Services Limited
Chartered Certified Accountants
Synergy Consulting Engineers Limited
Registered number: 06383504
Balance Sheet
as at 31 December 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 70,271 40,408
Current assets
Debtors 4 301,159 345,412
Cash at bank and in hand 230,592 156,638
531,751 502,050
Creditors: amounts falling due within one year 5 (196,759) (154,071)
Net current assets 334,992 347,979
Total assets less current liabilities 405,263 388,387
Creditors: amounts falling due after more than one year 6 (84,730) (120,165)
Net assets 320,533 268,222
Capital and reserves
Called up share capital 1,000 1,000
Profit and loss account 319,533 267,222
Shareholders' funds 320,533 268,222
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Steve Marshall
Director
Approved by the board on 17 September 2024
Synergy Consulting Engineers Limited
Notes to the Accounts
for the year ended 31 December 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
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 from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Freehold buildings over 50 years
Leasehold land and buildings over the lease term
Plant and machinery over 5 years
Fixtures, fittings, tools and equipment over 5 years
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 11 12
3 Tangible fixed assets
Improvements to leasehold property Fixtures and fittings Equipments Total
£ £ £ £
Cost
At 1 January 2023 14,103 12,733 221,320 248,156
Additions - - 62,240 62,240
At 31 December 2023 14,103 12,733 283,560 310,396
Depreciation
At 1 January 2023 14,103 11,160 182,485 207,748
Charge for the year - 315 32,062 32,377
At 31 December 2023 14,103 11,475 214,547 240,125
Net book value
At 31 December 2023 - 1,258 69,013 70,271
At 31 December 2022 - 1,573 38,835 40,408
4 Debtors 2023 2022
£ £
Trade debtors 275,828 314,767
Other debtors 25,331 30,645
301,159 345,412
5 Creditors: amounts falling due within one year 2023 2022
£ £
Company credit card 347 1,566
Directors' loan accounts 3,925 3,904
Trade creditors 24,970 37,998
Corporation tax 42,456 15,316
Other taxes and social security costs 84,311 73,695
Other creditors 40,750 21,592
196,759 154,071
6 Creditors: amounts falling due after one year 2023 2022
£ £
Bank loans 84,730 120,165
7 Other information
Synergy Consulting Engineers Limited is a private company limited by shares and incorporated in England. Its registered office is:
1 Canal Side Studios
8 - 14 St Pancras Way
London
NW1 0QG
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