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REGISTERED NUMBER: 07095450 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2024

for

Synergy Cleaning Limited

Synergy Cleaning Limited (Registered number: 07095450)






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 Cleaning Limited

Company Information
for the Year Ended 31 March 2024







DIRECTORS: Miss M S Knight
Mr G J Knight
Mr M A McLoughlin





REGISTERED OFFICE: 7 Devonshire Court
Green Lane Trading Estate
Clifton
York
YO30 5PQ





REGISTERED NUMBER: 07095450 (England and Wales)





ACCOUNTANTS: Northern Tonic Limited
14 Clifton Moor Business Village
James Nicolson Link
York
YO30 4XG

Synergy Cleaning Limited (Registered number: 07095450)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 17,125 15,068

CURRENT ASSETS
Debtors 5 298,239 314,544
Prepayments and accrued income 34,173 22,006
Cash at bank 297,631 212,733
630,043 549,283
CREDITORS
Amounts falling due within one year 6 141,257 85,322
NET CURRENT ASSETS 488,786 463,961
TOTAL ASSETS LESS CURRENT
LIABILITIES

505,911

479,029

CREDITORS
Amounts falling due after more than one
year

7

(42,440

)

(78,125

)

PROVISIONS FOR LIABILITIES (4,281 ) (3,768 )

ACCRUALS AND DEFERRED INCOME (1,776 ) (16,433 )
NET ASSETS 457,414 380,703

CAPITAL AND RESERVES
Called up share capital 1,040 1,040
Retained earnings 456,374 379,663
457,414 380,703

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.

Synergy Cleaning Limited (Registered number: 07095450)

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 Board of Directors and authorised for issue on 7 January 2025 and were signed on its behalf by:





Miss M S Knight - Director


Synergy Cleaning Limited (Registered number: 07095450)

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

1. STATUTORY INFORMATION

Synergy Cleaning 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 comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company's activities. Turnover is shown net of value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

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 etc - 33% on cost, 25% on reducing balance and 20% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

Synergy Cleaning Limited (Registered number: 07095450)

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

2. ACCOUNTING POLICIES - continued

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 22 (2023 - 19 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2023 35,981
Additions 9,114
Disposals (7,006 )
At 31 March 2024 38,089
DEPRECIATION
At 1 April 2023 20,913
Charge for year 6,598
Eliminated on disposal (6,547 )
At 31 March 2024 20,964
NET BOOK VALUE
At 31 March 2024 17,125
At 31 March 2023 15,068

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 35,254 22,471
Other debtors 262,985 292,073
298,239 314,544

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans and overdrafts 10,000 10,000
Trade creditors - 565
Taxation and social security 80,418 38,762
Other creditors 50,839 35,995
141,257 85,322

Synergy Cleaning Limited (Registered number: 07095450)

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

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.24 31.3.23
£    £   
Bank loans 11,667 21,667
Other creditors 30,773 56,458
42,440 78,125

Amounts falling due in more than five years:

Repayable by instalments
Other loans due in more than 5
years by instalments - 4,453
- 4,453

8. OTHER FINANCIAL COMMITMENTS

The total amount of financial commitments not included in the balance sheet is £Nil (2023 - £5,250).

9. RELATED PARTY DISCLOSURES

Summary of transactions with entities with joint control

Two limited companies both controlled by Miss M Knight

Expenditure with related parties
31.03.24 31.03.23
£    £   
Payroll costs recharged 91,734 40,164


Loans to related parties
31.03.24 31.03.23
£    £   
At start of period 289,324 219,979
Advanced 69,345
Repaid 53,414
At end of period 235,910 289,324