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REGISTERED NUMBER: 04254800 (England and Wales)







FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30TH SEPTEMBER 2024

FOR

SYNERGY PACKAGING SOLUTIONS LIMITED

SYNERGY PACKAGING SOLUTIONS LIMITED (REGISTERED NUMBER: 04254800)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH SEPTEMBER 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


SYNERGY PACKAGING SOLUTIONS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30TH SEPTEMBER 2024







DIRECTORS: Mr J A Harris
Mr A M Kelly





REGISTERED OFFICE: Synergy Packaging
Shelton Road
Willowbrook East Industrial Estate
Corby
Northamptonshire
NN17 5XH





REGISTERED NUMBER: 04254800 (England and Wales)





AUDITORS: Bewers Turner & Co LLP
Chartered Accountants & Statutory Auditor
Portland House
11-13 Station Road
Kettering
Northamptonshire
NN15 7HH

SYNERGY PACKAGING SOLUTIONS LIMITED (REGISTERED NUMBER: 04254800)

BALANCE SHEET
30TH SEPTEMBER 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 597,541 557,441

CURRENT ASSETS
Stocks 397,373 470,346
Debtors 5 2,032,939 2,069,024
Cash at bank 333,230 366,407
2,763,542 2,905,777
CREDITORS
Amounts falling due within one year 6 1,130,730 1,300,212
NET CURRENT ASSETS 1,632,812 1,605,565
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,230,353

2,163,006

CREDITORS
Amounts falling due after more than one
year

7

(27,750

)

(67,250

)

PROVISIONS FOR LIABILITIES (126,143 ) (125,307 )
NET ASSETS 2,076,460 1,970,449

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 2,076,360 1,970,349
SHAREHOLDERS' FUNDS 2,076,460 1,970,449

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 25th June 2025 and were signed on its behalf by:





Mr J A Harris - Director


SYNERGY PACKAGING SOLUTIONS LIMITED (REGISTERED NUMBER: 04254800)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH SEPTEMBER 2024


1. STATUTORY INFORMATION

Synergy Packaging Solutions 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Significant judgements and estimates
In the process of applying the company's accounting policies, management has made no significant judgements which have a significant effect on the amounts recognised in the financial statements or made any significant estimates that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next reporting period.

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.
Improvements to property - 25% on cost
Plant and machinery - 10% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on reducing balance

Tangible fixed assets are stated at cost less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Financial instruments
The company is party to only basic financial instruments such as cash, trade debtors and creditors, and bank loans. Instruments such as trade debtors and creditors are initially recognised at their transaction cost and reviewed at the year end for impairment. Debt instruments not repayable on demand or due within one year, such as bank loans, are measured at amortised cost using the effective interest rate.


SYNERGY PACKAGING SOLUTIONS LIMITED (REGISTERED NUMBER: 04254800)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH SEPTEMBER 2024


2. ACCOUNTING POLICIES - continued
Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term,whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period.The capital element of the future payments is treated as a liability.

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 46 (2023 - 51 ) .

SYNERGY PACKAGING SOLUTIONS LIMITED (REGISTERED NUMBER: 04254800)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH SEPTEMBER 2024


4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1st October 2023 876,262
Additions 176,851
Disposals (74,933 )
At 30th September 2024 978,180
DEPRECIATION
At 1st October 2023 318,821
Charge for year 104,063
Eliminated on disposal (42,245 )
At 30th September 2024 380,639
NET BOOK VALUE
At 30th September 2024 597,541
At 30th September 2023 557,441

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 1,195,441 1,182,894
Amounts owed by group undertakings 652,151 710,591
Other debtors 185,347 175,539
2,032,939 2,069,024

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts - 44,417
Hire purchase contracts (see note 8) 6,054 -
Trade creditors 580,577 809,070
Taxation and social security 321,079 258,470
Other creditors 223,020 188,255
1,130,730 1,300,212

SYNERGY PACKAGING SOLUTIONS LIMITED (REGISTERED NUMBER: 04254800)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH SEPTEMBER 2024


7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans - 67,250
Hire purchase contracts (see note 8) 27,750 -
27,750 67,250

8. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
2024 2023
£    £   
Net obligations repayable:
Within one year 6,054 -
Between one and five years 27,750 -
33,804 -

Non-cancellable operating leases
2024 2023
£    £   
Within one year 119,297 162,570
Between one and five years - 271,297
119,297 433,867

9. SECURED DEBTS

Lloyds Bank PLC has a charge registered against the assets of the company in relation to an Omnibus Guarantee and Set-Off Agreement between the group companies.

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

The Report of the Auditors was unqualified.

Lorraine Sturdy ACA FCCA (Senior Statutory Auditor)
for and on behalf of Bewers Turner & Co LLP

11. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

At the balance sheet date, the company owed J Harris £30,000 (2023: £Nil). The loan is repayable on demand and no interest is charged.

SYNERGY PACKAGING SOLUTIONS LIMITED (REGISTERED NUMBER: 04254800)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH SEPTEMBER 2024


12. RELATED PARTY DISCLOSURES

All material related party transactions with owners holding a participating interest, companies in which the entity has a participating interest and directors were all concluded under normal market conditions.

13. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mr J A Harris.

The ultimate parent company is Jackho Limited, a company registered in England & Wales.

Jackho Limited is the largest (and smallest) company for which consolidated accounts for the group
are drawn up of which the company is a member.