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Company No: 04649908 (England and Wales)

SYNERGEE LIMITED

Unaudited Financial Statements
For the financial year ended 30 June 2024
Pages for filing with the registrar

SYNERGEE LIMITED

Unaudited Financial Statements

For the financial year ended 30 June 2024

Contents

SYNERGEE LIMITED

COMPANY INFORMATION

For the financial year ended 30 June 2024
SYNERGEE LIMITED

COMPANY INFORMATION (continued)

For the financial year ended 30 June 2024
DIRECTORS Matthew Allen
Darren Philip Austin
REGISTERED OFFICE Pluto House
6 Vale Avenue
Tunbridge Wells
TN1 1DJ
United Kingdom
COMPANY NUMBER 04649908 (England and Wales)
ACCOUNTANT Synergee
Pluto House
6 Vale Avenue
Tunbridge Wells
TN1 1DJ
SYNERGEE LIMITED

BALANCE SHEET

As at 30 June 2024
SYNERGEE LIMITED

BALANCE SHEET (continued)

As at 30 June 2024
Note 2024 2023
£ £
Fixed assets
Intangible assets 4 40,615 51,768
Tangible assets 5 12,504 10,616
53,119 62,384
Current assets
Debtors 6 108,785 166,240
Cash at bank and in hand 47,613 9,852
156,398 176,092
Creditors: amounts falling due within one year 7 ( 166,134) ( 160,215)
Net current (liabilities)/assets (9,736) 15,877
Total assets less current liabilities 43,383 78,261
Net assets 43,383 78,261
Capital and reserves
Called-up share capital 8 1,000 1,000
Profit and loss account 42,383 77,261
Total shareholders' funds 43,383 78,261

For the financial year ending 30 June 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

These financial statements have been prepared in accordance with the provisions of FRS 102 Section 1A – small entities. The financial statements of Synergee Limited (registered number: 04649908) were approved and authorised for issue by the Board of Directors on 17 March 2025. They were signed on its behalf by:

Darren Philip Austin
Director
SYNERGEE LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 June 2024
SYNERGEE LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 June 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Synergee Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Pluto House, 6 Vale Avenue, Tunbridge Wells, TN1 1DJ, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Turnover

Turnover is stated net of VAT and trade discounts and is recognised when the significant risks and rewards are considered to have been transferred to the buyer. Turnover from the supply of services represents the value of services provided under contracts to the extent that there is a right to consideration and is recorded at the fair value of the consideration received or receivable. Where a contract has only been partially completed at the Balance Sheet date turnover represents the fair value of the service provided to date based on the stage of completion of the contract activity at the Balance Sheet date. Where payments are received from customers in advance of services provided, the amounts are recorded as deferred income and included as part of creditors due within one year.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

Intangible assets

Intangible assets are stated at cost or valuation, net of amortisation and any provision for impairment. Amortisation is provided on all intangible assets at rates to write off the cost or valuation of each asset over its expected useful life as follows:

Goodwill 20 years straight line
Goodwill

Goodwill arises on business combination and represents any excess of consideration given over the fair value of the identifiable assets and liabilities acquired. Goodwill is initially recognised as an intangible asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is amortised on a straight line basis over its useful economic life, which is [number] years.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Plant and machinery etc. 3 years straight line
15 % reducing balance

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

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.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Statement of Income and Retained Earnings as described below.

2. Critical accounting judgements and key sources of estimation uncertainty

In the application of the Company’s accounting policies, the directors are required to make judgements that have a significant impact on the amounts recognised. The following are the critical judgements that the directors have made in the process of applying the Company’s accounting policies and that have the most significant effect on the amounts recognised in the financial statements.

3. Employees

2024 2023
Number Number
Monthly average number of persons employed by the Company during the year, including directors 12 12

4. Intangible assets

Goodwill Total
£ £
Cost
At 01 July 2023 223,055 223,055
At 30 June 2024 223,055 223,055
Accumulated amortisation
At 01 July 2023 171,287 171,287
Charge for the financial year 11,153 11,153
At 30 June 2024 182,440 182,440
Net book value
At 30 June 2024 40,615 40,615
At 30 June 2023 51,768 51,768

5. Tangible assets

Plant and machinery etc. Total
£ £
Cost
At 01 July 2023 37,828 37,828
Additions 4,806 4,806
Disposals ( 1,412) ( 1,412)
At 30 June 2024 41,222 41,222
Accumulated depreciation
At 01 July 2023 27,212 27,212
Charge for the financial year 2,108 2,108
Disposals ( 602) ( 602)
At 30 June 2024 28,718 28,718
Net book value
At 30 June 2024 12,504 12,504
At 30 June 2023 10,616 10,616

6. Debtors

2024 2023
£ £
Trade debtors 73,595 68,720
Other debtors 35,190 97,520
108,785 166,240

7. Creditors: amounts falling due within one year

2024 2023
£ £
Trade creditors 26,748 29,055
Taxation and social security 130,677 91,075
Other creditors 8,709 40,085
166,134 160,215

8. Called-up share capital

2024 2023
£ £
Allotted, called-up and fully-paid
501 A Ordinary shares of £ 1.00 each 501 501
499 B Ordinary shares of £ 1.00 each 499 499
1,000 1,000

9. Related party transactions

Transactions with the entity's directors

During the year, advances were made to directors totalling £59,217 (2023: £11,328) and repayments received of £56,313 (2023: £Nil). The balance due from the directors at the year end was £14,232 (2023: £11,328). Interest is charged on advances at official HMRC rates. The advances are repayable on demand.