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REGISTERED NUMBER: 07644975 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2024

for

Synergy Personnel Services Limited

Synergy Personnel Services Limited (Registered number: 07644975)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Certified Accountants' Report 8

Synergy Personnel Services Limited

Company Information
for the Year Ended 31 December 2024







DIRECTOR: G C Dilkes





REGISTERED OFFICE: 14 Broom Way
Narborough
Leicester
LE19 3RY





REGISTERED NUMBER: 07644975 (England and Wales)





ACCOUNTANTS: Charnwood Accountants & Business Advisors LLP
The Point
Granite Way
Mountsorrel
Loughborough
Leicestershire
LE12 7TZ

Synergy Personnel Services Limited (Registered number: 07644975)

Balance Sheet
31 December 2024

31.12.24 31.12.23
Notes £    £    £   
FIXED ASSETS
Intangible assets 4 10,000 10,000
Tangible assets 5 953 1,010
10,953 11,010

CURRENT ASSETS
Debtors 6 39,818 66,005
Cash at bank 1,521 15
41,339 66,020
CREDITORS
Amounts falling due within one year 7 62,055 87,162
NET CURRENT LIABILITIES (20,716 ) (21,142 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(9,763

)

(10,132

)

CREDITORS
Amounts falling due after more than one year 8 24,531 41,338
NET LIABILITIES (34,294 ) (51,470 )

CAPITAL AND RESERVES
Called up share capital 10 127 110
Retained earnings (34,421 ) (51,580 )
SHAREHOLDERS' FUNDS (34,294 ) (51,470 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 Personnel Services Limited (Registered number: 07644975)

Balance Sheet - continued
31 December 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 1 May 2025 and were signed by:





G C Dilkes - Director


Synergy Personnel Services Limited (Registered number: 07644975)

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

1. STATUTORY INFORMATION

Synergy Personnel Services 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.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Computer software is being amortised evenly over its estimated useful life of three years.

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 - 33% on cost
Fixtures and fittings - 33% on cost
Motor vehicles - 25% on cost

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 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 Personnel Services Limited (Registered number: 07644975)

Notes to the Financial Statements - continued
for the Year Ended 31 December 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 4 (2023 - 6 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 January 2024
and 31 December 2024 10,000
NET BOOK VALUE
At 31 December 2024 10,000
At 31 December 2023 10,000

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2024 12,074
Additions 840
At 31 December 2024 12,914
DEPRECIATION
At 1 January 2024 11,064
Charge for year 897
At 31 December 2024 11,961
NET BOOK VALUE
At 31 December 2024 953
At 31 December 2023 1,010

Synergy Personnel Services Limited (Registered number: 07644975)

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

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Trade debtors 7,277 23,838
Other debtors 32,541 42,167
39,818 66,005

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Bank loans and overdrafts 16,523 25,235
Trade creditors 4,044 10,256
Taxation and social security 918 44,889
Other creditors 40,570 6,782
62,055 87,162

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.12.24 31.12.23
£    £   
Bank loans 24,531 41,338

9. SECURED DEBTS

The following secured debts are included within creditors:

31.12.24 31.12.23
£    £   
Bank loans 41,054 66,573

Loans are government backed with no security charge over the company assets.

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.12.24 31.12.23
value: £    £   
1,270 Ordinary 0.01 127 110

Synergy Personnel Services Limited (Registered number: 07644975)

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

11. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 December 2024 and 31 December 2023:

31.12.24 31.12.23
£    £   
G C Dilkes
Balance outstanding at start of year 24,105 63,321
Amounts advanced 47,921 -
Amounts repaid (51,855 ) (39,216 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 20,171 24,105

Interest has been charged on the overdrawn balance at the HMRC approved rate.

12. GOING CONCERN

The director, having considered current cashflow and 2025 projections including via new contracts, has prepared the accounts on a going concern basis in the belief that the company will continue to meet its financial obligations as they fall due for twelve months from the balance sheet signing date.

Chartered Certified Accountants' Report to the Director
on the Unaudited Financial Statements of
Synergy Personnel Services Limited

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Synergy Personnel Services Limited for the year ended 31 December 2024 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/rulebook.

This report is made solely to the director of Synergy Personnel Services Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Synergy Personnel Services Limited and state those matters that we have agreed to state to the director of Synergy Personnel Services Limited in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at
https://www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/tf-163-jan-24.pdf.

To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its director for our work or for this report.

It is your duty to ensure that Synergy Personnel Services Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Synergy Personnel Services Limited. You consider that Synergy Personnel Services Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Synergy Personnel Services Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Charnwood Accountants & Business Advisors LLP
The Point
Granite Way
Mountsorrel
Loughborough
Leicestershire
LE12 7TZ


1 May 2025