24 12 Synyega Limited 09675714 false 2024-01-01 2024-12-31 2024-12-31 The principal activity of the company is Providing IT Consultancy Services Digita Accounts Production Advanced 6.30.9574.0 true 09675714 2024-01-01 2024-12-31 09675714 2024-12-31 09675714 bus:OrdinaryShareClass1 2024-12-31 09675714 bus:OrdinaryShareClass2 2024-12-31 09675714 bus:OrdinaryShareClass3 2024-12-31 09675714 core:HirePurchaseContracts core:CurrentFinancialInstruments 2024-12-31 09675714 core:HirePurchaseContracts core:Non-currentFinancialInstruments 2024-12-31 09675714 core:CurrentFinancialInstruments 2024-12-31 09675714 core:CurrentFinancialInstruments core:WithinOneYear 2024-12-31 09675714 core:Non-currentFinancialInstruments 2024-12-31 09675714 core:Non-currentFinancialInstruments core:AfterOneYear 2024-12-31 09675714 core:FurnitureFittings 2024-12-31 09675714 core:MotorVehicles 2024-12-31 09675714 bus:SmallEntities 2024-01-01 2024-12-31 09675714 bus:AuditExemptWithAccountantsReport 2024-01-01 2024-12-31 09675714 bus:FilletedAccounts 2024-01-01 2024-12-31 09675714 bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 09675714 bus:RegisteredOffice 2024-01-01 2024-12-31 09675714 bus:CompanySecretaryDirector2 2024-01-01 2024-12-31 09675714 bus:Director1 2024-01-01 2024-12-31 09675714 bus:OrdinaryShareClass1 2024-01-01 2024-12-31 09675714 bus:OrdinaryShareClass2 2024-01-01 2024-12-31 09675714 bus:OrdinaryShareClass3 2024-01-01 2024-12-31 09675714 bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 09675714 bus:Agent1 2024-01-01 2024-12-31 09675714 core:FurnitureFittings 2024-01-01 2024-12-31 09675714 core:MotorVehicles 2024-01-01 2024-12-31 09675714 countries:England 2024-01-01 2024-12-31 09675714 2023-12-31 09675714 core:FurnitureFittings 2023-12-31 09675714 core:MotorVehicles 2023-12-31 09675714 2023-01-01 2023-12-31 09675714 2023-12-31 09675714 bus:OrdinaryShareClass1 2023-12-31 09675714 bus:OrdinaryShareClass2 2023-12-31 09675714 bus:OrdinaryShareClass3 2023-12-31 09675714 core:HirePurchaseContracts core:CurrentFinancialInstruments 2023-12-31 09675714 core:HirePurchaseContracts core:Non-currentFinancialInstruments 2023-12-31 09675714 core:CurrentFinancialInstruments 2023-12-31 09675714 core:CurrentFinancialInstruments core:WithinOneYear 2023-12-31 09675714 core:Non-currentFinancialInstruments 2023-12-31 09675714 core:Non-currentFinancialInstruments core:AfterOneYear 2023-12-31 09675714 core:FurnitureFittings 2023-12-31 09675714 core:MotorVehicles 2023-12-31 xbrli:pure iso4217:GBP xbrli:shares

Registration number: 09675714

Synyega Limited

Unaudited Filleted Financial Statements

for the Year Ended 31 December 2024

 

Synyega Limited

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 9

 

Synyega Limited

Company Information

Directors

Anthony Joseph Crawley

Susan Tracey Crawley

Company secretary

Susan Tracey Crawley

Registered office

Suite 102
Newton House
Birchwood Business Park
Warrington
Cheshire
WA3 6FW

Accountants

King Street Accounts Office 4 1st Floor
Victory House
The Sidings
Whalley
Lancashire
BB7 9SE

 

Synyega Limited

(Registration number: 09675714)
Balance Sheet as at 31 December 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

33,940

57,736

Current assets

 

Debtors

5

221,590

205,920

Cash at bank and in hand

 

1,182,109

896,942

 

1,403,699

1,102,862

Creditors: Amounts falling due within one year

6

(402,765)

(309,213)

Net current assets

 

1,000,934

793,649

Total assets less current liabilities

 

1,034,874

851,385

Creditors: Amounts falling due after more than one year

6

(8,660)

(20,846)

Net assets

 

1,026,214

830,539

Capital and reserves

 

Called up share capital

7

100

100

Retained earnings

1,026,114

830,439

Shareholders' funds

 

1,026,214

830,539

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

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 7 May 2025 and signed on its behalf by:
 

.........................................
Anthony Joseph Crawley
Director

 

Synyega Limited

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

1

General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
Suite 102
Newton House
Birchwood Business Park
Warrington
Cheshire
WA3 6FW

These financial statements were authorised for issue by the Board on 7 May 2025.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

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 sales/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.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

 

Synyega Limited

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

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Fixtures & Fittings

25% straight Line

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

 

Synyega Limited

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

Leases

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessee.

Assets held under finance leases are recognised at the lower of their fair value at inception of the lease and the present value of the minimum lease payments. These assets are depreciated on a straight-line basis over the shorter of the useful life of the asset and the lease term. The corresponding liability to the lessor is included in the balance sheet as a finance lease obligation.

Lease payments are apportioned between finance costs in the profit and loss account and reduction of the lease obligation so as to achieve a constant periodic rate of interest on the remaining balance of the liability.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 24 (2023 - 12).

 

Synyega Limited

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

4

Tangible assets

Fixtures and fittings
£

Motor vehicles
 £

Total
£

Cost or valuation

At 1 January 2024

32,013

73,492

105,505

Additions

3,440

-

3,440

At 31 December 2024

35,453

73,492

108,945

Depreciation

At 1 January 2024

29,396

18,373

47,769

Charge for the year

8,863

18,373

27,236

At 31 December 2024

38,259

36,746

75,005

Carrying amount

At 31 December 2024

(2,806)

36,746

33,940

At 31 December 2023

2,617

55,119

57,736

5

Debtors

Current

2024
£

2023
£

Trade debtors

209,046

188,580

Prepayments

11,187

1,177

Other debtors

1,357

16,163

 

221,590

205,920

6

Creditors

Creditors: amounts falling due within one year

 

Synyega Limited

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

Note

2024
£

2023
£

Due within one year

 

Loans and borrowings

8

12,649

12,649

Trade creditors

 

33,296

5,380

Amounts owed to group undertakings and undertakings in which the company has a participating interest

10

5,480

38,992

Taxation and social security

 

341,340

230,259

Accruals and deferred income

 

10,000

9,950

Other creditors

 

-

11,983

 

402,765

309,213

 

Synyega Limited

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

Creditors: amounts falling due after more than one year

Note

2024
£

2023
£

Due after one year

 

Loans and borrowings

8

8,660

20,846

7

Share capital

Allotted, called up and fully paid shares

2024

2023

No.

£

No.

£

Ordinary A shares of £1 each

50

50

50

50

Ordinary B shares of £1 each

45

45

45

45

Ordinary C shares of £1 each

5

5

5

5

100

100

100

100

8

Loans and borrowings

Non-current loans and borrowings

2024
£

2023
£

Hire purchase contracts

7,378

20,027

Other borrowings

1,282

819

8,660

20,846

Current loans and borrowings

2024
£

2023
£

Hire purchase contracts

12,649

12,649

9

Dividends

2024

2023

£

£

Interim dividend of £1,960.00 (2023 - £2,380.00) per ordinary share

196,000

238,000

 

 
 

Synyega Limited

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

10

Related party transactions

Synyega Services Ltd

At the balance sheet date £nil was owed to Synyega Services Ltd (2023 £33,511 owed ) .

Synyega Holdings Ltd

At the balance sheet date £5,480 was owed to Synyega Holdings Ltd (2023 £5,480 owed) .

Dividends of £196,000 were paid to Synyega Holdings Ltd during the year (2023 £238,000 paid) .

A J Crawley (director)

At the balance sheet date £1,283 was owed to A J Crawley (2023 £819 owed ) .