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REGISTERED NUMBER: 14009491 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2024

for

Synergy Ev Limited

Synergy Ev Limited (Registered number: 14009491)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Synergy Ev Limited

Company Information
for the Year Ended 31 March 2024







DIRECTOR: Mr L Smith





REGISTERED OFFICE: 82 The Oaks
Invicta Way
Manston Business Park
Ramsgate
Kent
CT12 5FS





REGISTERED NUMBER: 14009491 (England and Wales)





ACCOUNTANTS: Accsys Accountants Limited
Chartered Accountants
Trade Fair House
2 West Court
Enterprise Road
Maidstone
Kent
ME15 6JD

Synergy Ev Limited (Registered number: 14009491)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 14,328 15,895

CURRENT ASSETS
Stocks - 15,117
Debtors 5 85,914 12,831
Cash at bank 8,718 4,980
94,632 32,928
CREDITORS
Amounts falling due within one year 6 164,846 39,188
NET CURRENT LIABILITIES (70,214 ) (6,260 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(55,886

)

9,635

CREDITORS
Amounts falling due after more than one year 7 (3,927 ) (7,408 )

PROVISIONS FOR LIABILITIES (2,722 ) -
NET (LIABILITIES)/ASSETS (62,535 ) 2,227

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (62,635 ) 2,127
(62,535 ) 2,227

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 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.

Synergy Ev Limited (Registered number: 14009491)

Balance Sheet - continued
31 March 2024


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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 20 September 2024 and were signed by:





Mr L Smith - Director


Synergy Ev Limited (Registered number: 14009491)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

Synergy Ev 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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 - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 9 (2023 - 4 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 April 2023 3,342 1,453 12,900 3,110 20,805
Additions - - 2,750 - 2,750
At 31 March 2024 3,342 1,453 15,650 3,110 23,555
DEPRECIATION
At 1 April 2023 836 72 3,225 777 4,910
Charge for year 626 345 2,762 584 4,317
At 31 March 2024 1,462 417 5,987 1,361 9,227
NET BOOK VALUE
At 31 March 2024 1,880 1,036 9,663 1,749 14,328
At 31 March 2023 2,506 1,381 9,675 2,333 15,895

Synergy Ev Limited (Registered number: 14009491)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 52,238 9,134
Other debtors 33,676 3,697
85,914 12,831

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans and overdrafts 61,000 -
Hire purchase contracts 3,481 3,085
Trade creditors - 198
Taxation and social security 99,796 29,134
Other creditors 569 6,771
164,846 39,188

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.3.24 31.3.23
£    £   
Hire purchase contracts 3,927 7,408

8. OTHER FINANCIAL COMMITMENTS

The total amount of financial commitments not included in the balance sheet is £19,800 (2023- £4,900.00).