1 March 2024 v2025.38.1 limited_company_frs_102_section_1a_v1_1_2 companies_houseSoftwarefalsetruetruetrueNo description of principal activityfalsetruexbrli:purexbrli:sharesiso4217:GBP146806742024-03-012025-02-28146806742025-02-28146806742024-02-2914680674core:WithinOneYear2025-02-2814680674core:WithinOneYear2024-02-2914680674core:AfterOneYear2025-02-2814680674core:ShareCapital2025-02-2814680674core:ShareCapital2024-02-2914680674core:RetainedEarningsAccumulatedLosses2025-02-2814680674core:RetainedEarningsAccumulatedLosses2024-02-2914680674bus:Director12024-03-012025-02-2814680674bus:RegisteredOffice2024-03-012025-02-2814680674core:OfficeEquipment2024-03-012025-02-28146806742023-02-222024-02-2914680674core:PlantMachinery2024-03-0114680674core:PlantMachinery2024-03-012025-02-2814680674core:PlantMachinery2025-02-2814680674core:PlantMachinery2024-02-291468067412024-03-012025-02-2814680674countries:EnglandWales2024-03-012025-02-2814680674bus:AuditExempt-NoAccountantsReport2024-03-012025-02-2814680674bus:PrivateLimitedCompanyLtd2024-03-012025-02-2814680674bus:SmallEntities2024-03-012025-02-2814680674bus:FullAccounts2024-03-012025-02-28
Company registration number:
14680674
Synergy Tax Accountants Limited
Unaudited Filleted Financial Statements for the year ended
28 February 2025
Synergy Tax Accountants Limited
Report to the board of directors on the preparation of the unaudited statutory financial statements of Synergy Tax Accountants Limited
Year ended
28 February 2025
As described on the statement of financial position, the Board of Directors of
Synergy Tax Accountants Limited
are responsible for the preparation of the
financial statements
for the year ended
28 February 2025
, which comprise the income statement, statement of financial position, statement of changes in equity and related notes.
You consider that the company is exempt from an audit under the Companies Act 2006.
In accordance with your instructions I have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and from information and explanations supplied to me.
Synergy Tax Accountants Limited
Statement of Financial Position
28 February 2025
20252024
Note££
Fixed assets    
Tangible assets 5
2,487
 
1,982
 
Current assets    
Stocks
3,153
  -  
Debtors 6
83,657
 
63,350
 
Cash at bank and in hand
16,164
 
2,554
 
102,974
 
65,904
 
Creditors: amounts falling due within one year 7
(24,378
 )
(55,718
 )
Net current assets
78,596
 
10,186
 
Total assets less current liabilities 81,083   12,168  
Creditors: amounts falling due after more than one year 8
(48,565
 ) -  
Net assets
32,518
 
12,168
 
Capital and reserves    
Called up share capital
100
 
100
 
Profit and loss account
32,418
 
12,068
 
Shareholders funds
32,518
 
12,168
 
For the year ending
28 February 2025
, the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
  • The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
  • The director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These
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.
These
financial statements
were approved by the board of directors and authorised for issue on
20 June 2025
, and are signed on behalf of the board by:
M Ghafoor
Director
Company registration number:
14680674
Synergy Tax Accountants Limited
Notes to the Financial Statements
Year ended
28 February 2025

1 General information

The company is a private company limited by shares and is registered in England and Wales. The address of the registered office is
Bentinck House
,
3-8 Bolsover Street
,
London
,
W1W 6AB
, England.

2 Statement of compliance

These
financial statements
have been prepared in compliance with FRS 102 Section 1A, 'The Financial Reporting Standard applicable to the UK and Republic of Ireland'.

3 Accounting policies

Basis of preparation

The
financial statements
have been prepared on the historical cost basis, as modified by the revaluation of certain assets.
The
financial statements
are prepared in sterling, which is the functional currency of the company.

Turnover

Turnover is measured at the fair value of the consideration received or receivable for goods supplied, net of discounts and Value Added Tax.
Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer, usually on despatch of the goods; the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Tangible assets

Tangible assets are initially measured at cost, and are subsequently measured at cost less any accumulated depreciation and accumulated impairment losses or at a revalued amount.
Any tangible assets carried at a revalued amount are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
An increase in the carrying amount of an asset as a result of a revaluation is recognised in other comprehensive income and accumulated in capital and reserves. However, the increase is recognised in profit or loss to the extent that it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in capital and reserves. If a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess is recognised in profit or loss.
Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:
Office equipment
25% straight line

4 Average number of employees

The average number of persons employed by the company during the year was
3
(2024:
1.00
).

5 Tangible assets

Plant and machinery etc.
£
Cost  
At
1 March 2024
1,982
 
Additions
1,000
 
At
28 February 2025
2,982
 
Depreciation  
At
1 March 2024
 -  
Charge
495
 
At
28 February 2025
495
 
Carrying amount  
At
28 February 2025
2,487
 
At 29 February 2024
1,982
 

6 Debtors

20252024
££
Trade debtors
59,748
 
33,350
 
Other debtors
23,909
 
30,000
 
83,657
 
63,350
 

7 Creditors: amounts falling due within one year

20252024
££
Trade creditors
1,839
 
22,166
 
Taxation and social security
16,753
 
10,777
 
Other creditors
5,786
 
22,775
 
24,378
 
55,718
 

8 Creditors: amounts falling due after more than one year

20252024
££
Other creditors
48,565
  -