Acorah Software Products - Accounts Production 15.0.600 false true 31 December 2022 1 January 2022 false 1 January 2023 31 December 2023 31 December 2023 07086257 Mr Iarla Hughes Mr Gary Lamb Mr Stephen Douglas Ms Sally Lawrence iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 07086257 2022-12-31 07086257 2023-12-31 07086257 2023-01-01 2023-12-31 07086257 frs-core:CurrentFinancialInstruments 2023-12-31 07086257 frs-core:Non-currentFinancialInstruments 2023-12-31 07086257 frs-core:BetweenOneFiveYears 2023-12-31 07086257 frs-core:FurnitureFittings 2023-12-31 07086257 frs-core:FurnitureFittings 2023-01-01 2023-12-31 07086257 frs-core:FurnitureFittings 2022-12-31 07086257 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-12-31 07086257 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-01-01 2023-12-31 07086257 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2022-12-31 07086257 frs-core:WithinOneYear 2023-12-31 07086257 frs-core:SharePremium 2023-12-31 07086257 frs-core:ShareCapital 2023-12-31 07086257 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31 07086257 frs-bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 07086257 frs-bus:FilletedAccounts 2023-01-01 2023-12-31 07086257 frs-bus:SmallEntities 2023-01-01 2023-12-31 07086257 frs-bus:AuditExemptWithAccountantsReport 2023-01-01 2023-12-31 07086257 frs-bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 07086257 frs-bus:OrdinaryShareClass2 2023-01-01 2023-12-31 07086257 frs-bus:OrdinaryShareClass2 2023-12-31 07086257 frs-bus:OrdinaryShareClass3 2023-01-01 2023-12-31 07086257 frs-bus:OrdinaryShareClass3 2023-12-31 07086257 frs-bus:OrdinaryShareClass4 2023-01-01 2023-12-31 07086257 frs-bus:OrdinaryShareClass4 2023-12-31 07086257 frs-core:DeferredTaxation 2023-01-01 2023-12-31 07086257 frs-core:DeferredTaxation 2022-12-31 07086257 frs-core:DeferredTaxation 2023-12-31 07086257 frs-bus:Director1 2023-01-01 2023-12-31 07086257 frs-bus:Director2 2023-01-01 2023-12-31 07086257 frs-bus:Director3 2023-01-01 2023-12-31 07086257 frs-bus:CompanySecretary1 2023-01-01 2023-12-31 07086257 frs-countries:EnglandWales 2023-01-01 2023-12-31 07086257 2021-12-31 07086257 2022-12-31 07086257 2022-01-01 2022-12-31 07086257 frs-core:CurrentFinancialInstruments 2022-12-31 07086257 frs-core:Non-currentFinancialInstruments 2022-12-31 07086257 frs-core:BetweenOneFiveYears 2022-12-31 07086257 frs-core:WithinOneYear 2022-12-31 07086257 frs-core:SharePremium 2022-12-31 07086257 frs-core:ShareCapital 2022-12-31 07086257 frs-core:RetainedEarningsAccumulatedLosses 2022-12-31 07086257 frs-bus:OrdinaryShareClass2 2022-01-01 2022-12-31 07086257 frs-bus:OrdinaryShareClass3 2022-01-01 2022-12-31 07086257 frs-bus:OrdinaryShareClass4 2022-01-01 2022-12-31
Registered number: 07086257
Synapse Consultants Limited
Unaudited Financial Statements
For The Year Ended 31 December 2023
Ascendis Group
Chartered Certified Accountants, Taxation and Business Advisors
Unit 3, Building 2, The Colony Wilmslow
Altrincham Road
Wilmslow
Cheshire
SK9 4LY
Unaudited Financial Statements
Contents
Page
Accountant's Report 1
Balance Sheet 2—3
Notes to the Financial Statements 4—7
Page 1
Accountant's Report
Report to the directors on the preparation of the unaudited statutory accounts of Synapse Consultants Limited for the year ended 31 December 2023
To assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Synapse Consultants Limited which comprise the Profit and Loss Account, the Balance Sheet and the related notes, from the company’s accounting records and from information and explanations you have given us.
As a practising member of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/en/member/professional-standards/rules-standards/acca-rulebook.html.
This report is made to the directors of Synapse Consultants Limited , as a body, in accordance with the terms of our engagement letter dated 27 October 2023. Our work has been undertaken solely to prepare for your approval the accounts of Synapse Consultants Limited and state those matters that we have agreed to state to the directors of Synapse Consultants Limited , as a body, in this report in accordance with the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/technical-factsheet-163.pdf. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Synapse Consultants Limited and its directors as a body for our work or for this report.
It is your duty to ensure that Synapse Consultants Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit or loss of Synapse Consultants Limited . You consider that Synapse Consultants Limited is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of Synapse Consultants Limited . For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the financial statements.
Signed
17th September 2024
Ascendis Group
Chartered Certified Accountants, Taxation and Business Advisors
Unit 3, Building 2, The Colony Wilmslow
Altrincham Road
Wilmslow
Cheshire
SK9 4LY
Page 1
Page 2
Balance Sheet
Registered number: 07086257
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 1,607,352 2,176,595
1,607,352 2,176,595
CURRENT ASSETS
Stocks 5 561,586 985,872
Debtors 6 13,120,552 8,230,124
Cash at bank and in hand 678,623 349,620
14,360,761 9,565,616
Creditors: Amounts Falling Due Within One Year 7 (13,266,188 ) (9,510,634 )
NET CURRENT ASSETS (LIABILITIES) 1,094,573 54,982
TOTAL ASSETS LESS CURRENT LIABILITIES 2,701,925 2,231,577
Creditors: Amounts Falling Due After More Than One Year 8 (2,571,238 ) (1,327,065 )
PROVISIONS FOR LIABILITIES
Deferred Taxation 10 (305 ) (17,227 )
NET ASSETS 130,382 887,285
CAPITAL AND RESERVES
Called up share capital 12 100 100
Share premium account 340,000 340,000
Profit and Loss Account (209,718 ) 547,185
SHAREHOLDERS' FUNDS 130,382 887,285
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For the year ending 31 December 2023 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 directors acknowledge their 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 Stephen Douglas
Director
17th September 2024
The notes on pages 4 to 7 form part of these financial statements.
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Page 4
Notes to the Financial Statements
1. General Information
Synapse Consultants Limited is a private company, limited by shares, incorporated in England & Wales, registered number 07086257 . The registered office is Unit 3, Building 2, The Colony Wilmslow, Altrincham Road, Wilmslow, SK9 4LY.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
These financial statements have been prepared in accordance with Financial Reporting Standard 101 "Reduced Disclosure Framework" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The accounts have been prepared in accordance with International Accounting Standards IAS/IFRS.

The company has taken advantage of the following disclosure exemptions in preparing these financial statements, as permitted by FRS 101 "Reduced Disclosure Framework":

  • the requirements of IFRS 7 Financial Instruments: Disclosures;
  • the requirements of paragraph 58 of IFRS 16 Leases;
  • the requirements of paragraphs 10(d), 10)(f), 16, 38A, 38B, 38C, 38D, 40A, 40B, 40C, 40D and 111 of IAS 1 Presentation of Financial Statements;
  • the requirements of paragraphs 134 to 136 of IAS 1 Presentation of Financial Statements;
  • the requirements of IAS 7 Statement of Cash Flows;
  • the requirements in IAS 24 Related Party Disclosures to disclose related party transactions entered into between two or more members of a group.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts, rebates, value added taxes & other sales taxes.

2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Leasehold 33.33% straight line
Fixtures & Fittings 20% on reducing balance
2.4. Leasing and Hire Purchase Contracts
Leases are recognised as finance leases. The lease liability is initially recognised at the present value of the lease payments which have not yet been made and subsequently measured under the amortised cost method. The initial cost of the right-of-use asset comprises the amount of the initial measurement of the lease liability, lease payments made prior to the lease commencement date, initial direct costs and the estimated costs of removing or dismantling the underlying asset per the conditions of the contract.

Where ownership of the right-of-use asset transfers to the lessee at the end of the lease term, the right-of-use asset is depreciated over the asset’s remaining useful life. If ownership of the right-of-use asset does not transfer to the lessee at the end of the lease term, depreciation is charged over the shorter of the useful life of the right-of-use asset and the lease term.
2.5. 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.
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2.6. Taxation
Current taxes are based on the results shown in the financial statements and are calculated according to local tax rules, using tax rates enacted or substantially enacted by the statement of financial position date.

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.
2.7. Pensions
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to the income statement in the period to which they relate.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 27 (2022: 27)
27 27
4. Tangible Assets
Land & Property
Leasehold Fixtures & Fittings Total
£ £ £
Cost
As at 1 January 2023 3,608,183 716,390 4,324,573
Additions 532,350 - 532,350
Disposals (307,229 ) - (307,229 )
As at 31 December 2023 3,833,304 716,390 4,549,694
Depreciation
As at 1 January 2023 1,502,769 645,209 2,147,978
Provided during the period 1,031,612 69,982 1,101,594
Disposals (307,230 ) - (307,230 )
As at 31 December 2023 2,227,151 715,191 2,942,342
Net Book Value
As at 31 December 2023 1,606,153 1,199 1,607,352
As at 1 January 2023 2,105,414 71,181 2,176,595
5. Stocks
2023 2022
£ £
Finished goods 561,586 957,540
Work in progress - 28,332
561,586 985,872
6. Debtors
2023 2022
£ £
Due within one year
Trade debtors 3,719,631 3,874,935
Other debtors 9,400,921 4,355,189
13,120,552 8,230,124
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7. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Net obligations under finance lease and hire purchase contracts 1,805,893 832,188
Trade creditors 36,877 923,268
Amounts owed to participating interests 9,401,795 6,164,914
Other creditors 1,356,913 865,139
Taxation and social security 664,710 725,125
13,266,188 9,510,634
8. Creditors: Amounts Falling Due After More Than One Year
2023 2022
£ £
Net obligations under finance lease and hire purchase contracts 2,571,238 1,327,065
2,571,238 1,327,065
9. Obligations Under Finance Leases and Hire Purchase
2023 2022
£ £
The future minimum finance lease payments are as follows:
Not later than one year 1,805,893 832,188
Later than one year and not later than five years 2,571,238 1,327,065
4,377,131 2,159,253
4,377,131 2,159,253
10. Deferred Taxation
The provision for deferred tax is made up as follows:
2023 2022
£ £
Other timing differences 305 17,227
11. Provisions for Liabilities
Deferred Tax Total
£ £
As at 1 January 2023 17,227 17,227
Reversals (16,922 ) (16,922)
Balance at 31 December 2023 305 305
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12. Share Capital
2023 2022
Allotted, called up and fully paid £ £
41 Ordinary A shares of £ 1 each 41 41
41 Ordinary B shares of £ 1 each 41 41
18 Ordinary C shares of £ 1 each 18 18
100 100
13. Related Party Transactions
At the balance sheet date Synapse Consultants Limited owed related parties £1,866,967 (2022: £6,164,914). 
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