IRIS Accounts Production v24.3.2.46 04026893 Board of Directors Board of Directors 1.1.24 31.12.24 31.12.24 25.4.25 false true false false true false Auditors Opinion iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh040268932023-12-31040268932024-12-31040268932024-01-012024-12-31040268932022-12-31040268932023-01-012023-12-31040268932023-12-3104026893ns15:EnglandWales2024-01-012024-12-3104026893ns14:PoundSterling2024-01-012024-12-3104026893ns10:Director12024-01-012024-12-3104026893ns10:Director22024-01-012024-12-3104026893ns10:PrivateLimitedCompanyLtd2024-01-012024-12-3104026893ns10:SmallEntities2024-01-012024-12-3104026893ns10:Audited2024-01-012024-12-3104026893ns10:SmallCompaniesRegimeForDirectorsReport2024-01-012024-12-3104026893ns10:SmallCompaniesRegimeForAccounts2024-01-012024-12-3104026893ns10:AbridgedAccounts2024-01-012024-12-3104026893ns10:CompanySecretary12024-01-012024-12-3104026893ns10:RegisteredOffice2024-01-012024-12-3104026893ns5:CurrentFinancialInstruments2024-12-3104026893ns5:CurrentFinancialInstruments2023-12-3104026893ns5:ShareCapital2024-12-3104026893ns5:ShareCapital2023-12-3104026893ns5:RetainedEarningsAccumulatedLosses2024-12-3104026893ns5:RetainedEarningsAccumulatedLosses2023-12-3104026893ns5:PlantMachinery2024-01-012024-12-3104026893ns5:FurnitureFittings2024-01-012024-12-3104026893ns5:WithinOneYear2024-12-3104026893ns5:WithinOneYear2023-12-3104026893ns5:BetweenOneFiveYears2024-12-3104026893ns5:BetweenOneFiveYears2023-12-3104026893ns5:AllPeriods2024-12-3104026893ns5:AllPeriods2023-12-31
REGISTERED NUMBER: 04026893 (England and Wales)













Audited Financial Statements

for the Year Ended 31 December 2024

for

Synergie-CAD (UK) Limited

Synergie-CAD (UK) Limited (Registered number: 04026893)






Contents of the Financial Statements
for the Year Ended 31 December 2024




Page

Company Information 1

Abridged Statement of Financial Position 2

Notes to the Financial Statements 3


Synergie-CAD (UK) Limited

Company Information
for the Year Ended 31 December 2024







DIRECTORS: Mr R D Cooke
Mr A A Librati



SECRETARY: Mr R D Cooke



REGISTERED OFFICE: Newland House
The Point
Weaver Road
LINCOLN
Lincolnshire
LN6 3QN



REGISTERED NUMBER: 04026893 (England and Wales)



AUDITORS: Nicholsons Audit (Statutory Auditor)
Newland House
The Point
Weaver Road
LINCOLN
Lincolnshire
LN6 3QN



BANKERS: Barclays Bank Plc
Unit 1
City Office Park
Tritton Road
LINCOLN
Lincolnshire
LN6 7QY

Synergie-CAD (UK) Limited (Registered number: 04026893)

Abridged Statement of Financial Position
31 December 2024

31/12/24 31/12/23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 50,733 59,024

CURRENT ASSETS
Stocks 69,208 71,019
Debtors 907,184 917,227
Cash at bank and in hand 1,067,660 1,341,709
2,044,052 2,329,955
CREDITORS
Amounts falling due within one year 170,529 407,701
NET CURRENT ASSETS 1,873,523 1,922,254
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,924,256

1,981,278

CAPITAL AND RESERVES
Called up share capital 16,080 16,080
Retained earnings 1,908,176 1,965,198
SHAREHOLDERS' FUNDS 1,924,256 1,981,278

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

All the members have consented to the preparation of an abridged Statement of Financial Position for the year ended 31 December 2024 in accordance with Section 444(2A) of the Companies Act 2006.

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 24 April 2025 and were signed on its behalf by:




Mr R D Cooke - Director



Mr A A Librati - Director


Synergie-CAD (UK) Limited (Registered number: 04026893)

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

1. STATUTORY INFORMATION

Synergie-CAD (UK) 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.
Office equipment - 25% on cost
Fixtures and fittings - 25% on cost

Stocks
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 items.

Financial instruments
Only basic financial instruments as defined in FRS 102 are held. Financial assets and financial liabilities are recognised in the accounts only when the entity becomes party to the contractual provisions of the instrument and their measurement basis is as follows:

Financial assets - trade and other debtors are basic financial instruments and are debt instruments measured at amortised cost. Prepayments are not financial instruments.

Cash at bank is classified as a basic financial instrument and is measured at transaction price.

Financial liabilities - trade creditors, accruals and other creditors are basic financial instruments, and are measured at amortised cost. Where a financial liability constitutes a financing transaction it is initially and subsequently measured at the present value of future payments, discounted at a market rate of interest.

Deferred income is not deemed to be a financial liability, as the cash settlement has already taken place and there is an obligation to deliver services rather than cash or another financial instrument.


Synergie-CAD (UK) Limited (Registered number: 04026893)

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

2. ACCOUNTING POLICIES - continued
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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Research and development
The company undertakes research and development activities and, where the criteria is met for the capitalisation of development expenditure on projects, then this is capitalised as intangible fixed assets and amortised over their useful life. All other research and development expenditure is recognised as an expense in the period in which it is incurred.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the statement of financial position date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 21 (2023 - 20 ) .

Synergie-CAD (UK) Limited (Registered number: 04026893)

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

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 January 2024 218,524
Additions 14,198
At 31 December 2024 232,722
DEPRECIATION
At 1 January 2024 159,500
Charge for year 22,489
At 31 December 2024 181,989
NET BOOK VALUE
At 31 December 2024 50,733
At 31 December 2023 59,024

5. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
31/12/24 31/12/23
£    £   
Within one year 47,603 47,603
Between one and five years 87,272 134,875
134,875 182,478

6. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Joanne Brown (Senior Statutory Auditor)
for and on behalf of Nicholsons Audit (Statutory Auditor)

Synergie-CAD (UK) Limited (Registered number: 04026893)

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

7. RELATED PARTY DISCLOSURES

During the period the company traded with its holding company and other group companies.

Trading with group companies all at market value, including the holding company, included sales of £758,789 (2023 - £570,330), other income £7,949 (2023 - £10,364), cost of sales of £1,293,701 (2023 - £1,794,250) and software maintenance £55,148 (2023 - £54,714).

There was a management charge from the holding company of £46,379 (2023 - £47,092).

At the period end the net balance due from the holding company and other group companies to the company in respect of trade transactions was £368,135 (2023 - £186,007).

During the period the company employed the wife of the director Mr R D Cooke and she was paid a salary of £31,436 (2023 - £11,850).

8. ULTIMATE CONTROLLING PARTY

The ultimate control lies with Mr A A Librati.

9. ULTIMATE PARENT COMPANY

The company's immediate and ultimate parent company is Synergie CAD, a company incorporated in France. Consolidated accounts may be obtained from 1 ere Avenue, 2 eme Rue, 06515 Carros, France.