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Registered number: 12206315
Syntol Limited
Unaudited Financial Statements
For The Year Ended 30 September 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 12206315
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 193,192 166,554
193,192 166,554
CURRENT ASSETS
Stocks 5 251,067 153,324
Debtors 6 521,815 358,732
Cash at bank and in hand 371,441 162,298
1,144,323 674,354
Creditors: Amounts Falling Due Within One Year 7 (612,557 ) (421,396 )
NET CURRENT ASSETS (LIABILITIES) 531,766 252,958
TOTAL ASSETS LESS CURRENT LIABILITIES 724,958 419,512
Creditors: Amounts Falling Due After More Than One Year 8 (52,893 ) (72,097 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (20,351 ) (5,484 )
NET ASSETS 651,714 341,931
CAPITAL AND RESERVES
Called up share capital 10 20 10
Profit and Loss Account 651,694 341,921
SHAREHOLDERS' FUNDS 651,714 341,931
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For the year ending 30 September 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
J Blackshaw
Director
21/02/2025
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Syntol Limited is a private company, limited by shares, incorporated in England & Wales, registered number 12206315 . The registered office is Moss Hall Farm, Moss Hall Lane, Warrington, WA4 4PB.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 4 Years Straight Line
Motor Vehicles 10 Years Straight Line
Fixtures & Fittings 10 Years Straight Line
Computer Equipment 4 Years Straight Line
2.4. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account as incurred.
2.5. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
2.6. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
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2.7. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 6 (2023: 5)
6 5
4. Tangible Assets
Plant & Machinery Motor Vehicles Fixtures & Fittings Computer Equipment Total
£ £ £ £ £
Cost
As at 1 October 2023 83,054 121,589 7,885 1,891 214,419
Additions 40,037 27,500 - 1,114 68,651
Disposals (2,600 ) - - - (2,600 )
As at 30 September 2024 120,491 149,089 7,885 3,005 280,470
Depreciation
As at 1 October 2023 32,233 13,708 1,279 645 47,865
Provided during the period 25,394 14,188 789 667 41,038
Disposals (1,625 ) - - - (1,625 )
As at 30 September 2024 56,002 27,896 2,068 1,312 87,278
Net Book Value
As at 30 September 2024 64,489 121,193 5,817 1,693 193,192
As at 1 October 2023 50,821 107,881 6,606 1,246 166,554
5. Stocks
2024 2023
£ £
Stock 251,067 153,324
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6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 503,877 358,732
Amounts owed by group undertakings 17,503 -
Other debtors 435 -
521,815 358,732
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 26,381 21,981
Trade creditors 338,401 196,750
Bank loans and overdrafts 2,778 2,778
Other creditors 62,210 103,040
Taxation and social security 182,787 96,847
612,557 421,396
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 39,931 56,357
Bank loans 12,962 15,740
52,893 72,097
9. Obligations Under Finance Leases and Hire Purchase
2024 2023
£ £
The future minimum finance lease payments are as follows:
Not later than one year 26,381 21,981
Later than one year and not later than five years 39,931 56,357
66,312 78,338
66,312 78,338
10. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 20 10
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