Company registration number 06949079 (England and Wales)
SYNCHPOINT LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024
PAGES FOR FILING WITH REGISTRAR
SYNCHPOINT LIMITED
CONTENTS
Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 5
SYNCHPOINT LIMITED (REGISTERED NUMBER: 06949079)
BALANCE SHEET
AS AT
31 JULY 2024
31 July 2024
- 1 -
2024
2023
Notes
£
£
£
£
Fixed assets
Intangible assets
3
1,600
1,760
Tangible assets
4
36,721
31,889
38,321
33,649
Current assets
Debtors
5
22,549
60,640
Cash at bank and in hand
68,153
96,399
90,702
157,039
Creditors: amounts falling due within one year
6
(32,878)
(40,749)
Net current assets
57,824
116,290
Total assets less current liabilities
96,145
149,939
Provisions for liabilities
(7,960)
(6,060)
Net assets
88,185
143,879
Capital and reserves
Called up share capital
2
2
Capital redemption reserve
1
1
Profit and loss reserves
88,182
143,876
Total equity
88,185
143,879

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

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

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

SYNCHPOINT LIMITED (REGISTERED NUMBER: 06949079)
BALANCE SHEET (CONTINUED)
AS AT
31 JULY 2024
31 July 2024
- 2 -
The financial statements were approved by the board of directors and authorised for issue on 30 November 2024 and are signed on its behalf by:
Mr G P Hobbs
Director
SYNCHPOINT LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024
- 3 -
1
Accounting policies
Company information

Synchpoint Limited is a private company limited by shares incorporated in England and Wales. The registered office is 10 Upper Grosvenor Road, Tunbridge Wells, England, TN1 2EP.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £1.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Turnover

Turnover represents net invoiced sales of services, excluding value added tax.

1.3
Intangible fixed assets - goodwill

Goodwill, being the amount in connection with the acquisition of a business in 2009, is being amortised evenly over its estimated useful life of twenty five years.

1.4
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Equipment
15% on reducing balance

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.5
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

1.6
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

1.7
Foreign exchange

Transactions in currencies other than pounds sterling are recorded at the rates of exchange prevailing at the dates of the transactions. At each reporting end date, monetary assets and liabilities that are denominated in foreign currencies are retranslated at the rates prevailing on the reporting end date. Gains and losses arising on translation in the period are included in profit or loss.

SYNCHPOINT LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JULY 2024
- 4 -
2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2024
2023
Number
Number
Total
5
4
3
Intangible fixed assets
Goodwill
£
Cost
At 1 August 2023 and 31 July 2024
4,000
Amortisation and impairment
At 1 August 2023
2,240
Amortisation charged for the year
160
At 31 July 2024
2,400
Carrying amount
At 31 July 2024
1,600
At 31 July 2023
1,760
4
Tangible fixed assets
Equipment
£
Cost
At 1 August 2023
100,590
Additions
10,119
At 31 July 2024
110,709
Depreciation and impairment
At 1 August 2023
68,701
Depreciation charged in the year
5,287
At 31 July 2024
73,988
Carrying amount
At 31 July 2024
36,721
At 31 July 2023
31,889
SYNCHPOINT LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JULY 2024
- 5 -
5
Debtors
2024
2023
Amounts falling due within one year:
£
£
Trade debtors
21,696
58,919
Other debtors
853
1,721
22,549
60,640
6
Creditors: amounts falling due within one year
2024
2023
£
£
Taxation and social security
21,186
32,214
Other creditors
11,692
8,535
32,878
40,749
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