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REGISTERED NUMBER: 09382037 (England and Wales)















FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

FOR

SYNERGIDESIGN LIMITED

SYNERGIDESIGN LIMITED (REGISTERED NUMBER: 09382037)

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


SYNERGIDESIGN LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTORS: Mrs Charlotte Elizabeth Alice Naik
Mr Chetan Kumar Naik





REGISTERED OFFICE: 41 Powell Street
Birmingham
West Midlands
B1 3DH





REGISTERED NUMBER: 09382037 (England and Wales)





ACCOUNTANTS: Ark Aurora Ltd
Chartered Accountants & Chartered Tax Advisers
The Maltings
2 Anderson Rd
Bearwood
Birmingham
West Midlands
B66 4AR

SYNERGIDESIGN LIMITED (REGISTERED NUMBER: 09382037)

BALANCE SHEET
31 MARCH 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 40,154 48,367
Investment property 5 434,977 434,977
475,131 483,344

CURRENT ASSETS
Debtors 6 2,863 1,363
Cash at bank 3,344 11,157
6,207 12,520
CREDITORS
Amounts falling due within one year 7 850,390 604,091
NET CURRENT LIABILITIES (844,183 ) (591,571 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(369,052

)

(108,227

)

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings (369,054 ) (108,229 )
SHAREHOLDERS' FUNDS (369,052 ) (108,227 )

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 directors acknowledge their 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.

SYNERGIDESIGN LIMITED (REGISTERED NUMBER: 09382037)

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 16 September 2024 and were signed on its behalf by:





Mr Chetan Kumar Naik - Director


SYNERGIDESIGN LIMITED (REGISTERED NUMBER: 09382037)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024


1. STATUTORY INFORMATION

SynergiDesign 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 - 15% on reducing balance
Computer equipment - 33% on cost

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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.

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.

SYNERGIDESIGN LIMITED (REGISTERED NUMBER: 09382037)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 3 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Computer
machinery fittings equipment Totals
£    £    £    £   
COST
At 1 April 2023
and 31 March 2024 890 67,385 24,222 92,497
DEPRECIATION
At 1 April 2023 684 24,430 19,016 44,130
Charge for year 52 6,443 1,718 8,213
At 31 March 2024 736 30,873 20,734 52,343
NET BOOK VALUE
At 31 March 2024 154 36,512 3,488 40,154
At 31 March 2023 206 42,955 5,206 48,367

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2023
and 31 March 2024 434,977
NET BOOK VALUE
At 31 March 2024 434,977
At 31 March 2023 434,977

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 457 1,363
VAT 2,406 -
2,863 1,363

SYNERGIDESIGN LIMITED (REGISTERED NUMBER: 09382037)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade creditors 5,116 979
Amounts owed to group undertakings 785,988 536,361
Tax 22,192 106,358
VAT - 657
Other creditors 3,516 4,099
Credit card & other creditors 4,250 567
Directors' current accounts 26,308 10,714
Accruals and deferred income - (58,664 )
Accrued expenses 3,020 3,020
850,390 604,091

8. ULTIMATE CONTROLLING PARTY

The ultimate controlling parties are Mr C K Naik and Mrs C E Naik being the ultimate controlling parties of the parent company Atman Eternal Limited.