Synergy BPM Limited 08382773 false 2023-02-01 2024-01-31 2024-01-31 The principal activity of the company is Software Development Digita Accounts Production Advanced 6.30.9574.0 true true 08382773 2023-02-01 2024-01-31 08382773 2024-01-31 08382773 core:CurrentFinancialInstruments 2024-01-31 08382773 core:CurrentFinancialInstruments core:WithinOneYear 2024-01-31 08382773 bus:SmallEntities 2023-02-01 2024-01-31 08382773 bus:AuditExemptWithAccountantsReport 2023-02-01 2024-01-31 08382773 bus:FullAccounts 2023-02-01 2024-01-31 08382773 bus:SmallCompaniesRegimeForAccounts 2023-02-01 2024-01-31 08382773 bus:RegisteredOffice 2023-02-01 2024-01-31 08382773 bus:Director1 2023-02-01 2024-01-31 08382773 bus:PrivateLimitedCompanyLtd 2023-02-01 2024-01-31 08382773 countries:AllCountries 2023-02-01 2024-01-31 08382773 2022-02-01 2023-01-31 08382773 2023-01-31 08382773 core:CurrentFinancialInstruments 2023-01-31 08382773 core:CurrentFinancialInstruments core:WithinOneYear 2023-01-31 iso4217:GBP xbrli:pure

Registration number: 08382773

Synergy BPM Limited

Annual Report and Unaudited Financial Statements

for the Year Ended 31 January 2024

image-name
 

Synergy BPM Limited

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 5

 

Synergy BPM Limited

Company Information

Director

Marco Rondelli

Registered office

Ground Floor
19 New Road
Brighton
East Sussex
BN1 1UF

Accountants

Lucraft Hodgson & Dawes LLP
Ground Floor
19 New Road
Brighton
East Sussex
BN1 1UF

 

Synergy BPM Limited

(Registration number: 08382773)
Balance Sheet as at 31 January 2024

Note

2024
£

2023
£

Current assets

 

Cash at bank and in hand

 

110

4

Creditors: Amounts falling due within one year

4

(5,105)

(4,528)

Net liabilities

 

(4,995)

(4,524)

Capital and Reserves

 

Called up share capital

100

100

Retained Earnings

(5,095)

(4,624)

Shareholders' deficit

 

(4,995)

(4,524)

For the financial year ending 31 January 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 10 October 2024
 

.........................................
Marco Rondelli
Director

   
     
 

Synergy BPM Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2024

1

General information

The company is a private company limited by share capital, incorporated in England and Wales .

The address of its registered office is:
Ground Floor
19 New Road
Brighton
East Sussex
BN1 1UF
England

These financial statements were authorised for issue by the director on 10 October 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The financial statements are presented in Sterling, which is the functional currency of the company.

Going concern

These accounts have been prepared on a going concern basis notwithstanding the company's net liability position at the balance sheet date. The director is confident that with his continued support, the company can remain in operational existence for the foreseeable future.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

 

Synergy BPM Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2024

Trade Creditors

Trade Creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade Creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, analysed by category was as follows:

2024
 No.

2023
 No.

Administration and support

1

1

1

1

 

Synergy BPM Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2024

4

Creditors

Creditors: amounts falling due within one year

Note

2024
£

2023
£

Due within one year

 

Loans and borrowings

5

4,653

4,095

Trade Creditors

 

-

13

Accruals and deferred income

 

452

420

 

5,105

4,528

5

Loans and borrowings

2024
£

2023
£

Current loans and borrowings

Other borrowings

4,653

4,095