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REGISTERED NUMBER: 06733178 (England and Wales)












Synk Limited

Unaudited Financial Statements

for the Year Ended 28 February 2025






Synk Limited (Registered number: 06733178)






Contents of the Financial Statements
for the Year Ended 28 February 2025




Page

Company information 1

Balance sheet 2

Notes to the financial statements 4


Synk Limited

Company Information
for the Year Ended 28 February 2025







Directors: C Simmons
N Simmons





Registered office: Unit 2
Waterside Business Park
Hadfield
Glossop
Derbyshire
SK13 1BE





Registered number: 06733178 (England and Wales)





Accountants: Warr & Co Limited
Chartered Accountants
Mynshull House
78 Churchgate
Stockport
Cheshire
SK1 1YJ

Synk Limited (Registered number: 06733178)

Balance Sheet
28 February 2025

28.2.25 29.2.24
Notes £    £    £    £   
Fixed assets
Tangible assets 4 117,352 142,143

Current assets
Stocks 39,000 37,500
Debtors 5 123,829 124,668
Investments 6 13,750 -
Cash at bank 33,665 19,125
210,244 181,293
Creditors
Amounts falling due within one year 7 269,486 258,471
Net current liabilities (59,242 ) (77,178 )
Total assets less current liabilities 58,110 64,965

Creditors
Amounts falling due after more than one
year

8

(23,585

)

(28,884

)

Provisions for liabilities (28,970 ) (32,662 )
Net assets 5,555 3,419

Synk Limited (Registered number: 06733178)

Balance Sheet - continued
28 February 2025

28.2.25 29.2.24
Notes £    £    £    £   
Capital and reserves
Called up share capital 155 155
Retained earnings 5,400 3,264
Shareholders' funds 5,555 3,419

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

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 Board of Directors and authorised for issue on 17 July 2025 and were signed on its behalf by:





C Simmons - Director


Synk Limited (Registered number: 06733178)

Notes to the Financial Statements
for the Year Ended 28 February 2025

1. Statutory information

Synk 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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Rented Property Improvements - 20% on cost
Plant and machinery - 20% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer and office equipment - 33% 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.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.


Synk Limited (Registered number: 06733178)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2025

2. Accounting policies - continued
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
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.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 8 (2024 - 7 ) .

Synk Limited (Registered number: 06733178)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2025

4. Tangible fixed assets
Rented Fixtures
Property Plant and and
Improvements machinery fittings
£    £    £   
Cost
At 1 March 2024 30,952 740,088 23,223
Additions - - 10,910
At 28 February 2025 30,952 740,088 34,133
Depreciation
At 1 March 2024 28,987 612,112 19,363
Charge for year 1,385 25,595 3,692
At 28 February 2025 30,372 637,707 23,055
Net book value
At 28 February 2025 580 102,381 11,078
At 29 February 2024 1,965 127,976 3,860

Computer
and
Motor office
vehicles equipment Totals
£    £    £   
Cost
At 1 March 2024 6,987 73,258 874,508
Additions - 498 11,408
At 28 February 2025 6,987 73,756 885,916
Depreciation
At 1 March 2024 6,986 64,917 732,365
Charge for year 1 5,526 36,199
At 28 February 2025 6,987 70,443 768,564
Net book value
At 28 February 2025 - 3,313 117,352
At 29 February 2024 1 8,341 142,143

Synk Limited (Registered number: 06733178)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2025

4. Tangible fixed assets - continued

Fixed assets, included in the above, which are held under hire purchase contracts or finance leases are as follows:
Plant and
machinery
£   
Cost
At 1 March 2024 264,500
Transfer to ownership (264,500 )
At 28 February 2025 -
Depreciation
At 1 March 2024 198,046
Transfer to ownership (198,046 )
At 28 February 2025 -
Net book value
At 28 February 2025 -
At 29 February 2024 66,454

5. Debtors: amounts falling due within one year
28.2.25 29.2.24
£    £   
Trade debtors 121,079 121,101
Prepayments 2,750 3,567
123,829 124,668

6. Current asset investments
28.2.25 29.2.24
£    £   
Other 13,750 -

Synk Limited (Registered number: 06733178)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2025

7. Creditors: amounts falling due within one year
28.2.25 29.2.24
£    £   
Bank loans and overdrafts 5,432 5,697
Trade creditors 78,876 79,304
Corporation tax 27,501 11,022
Social security and other taxes 3,138 4,048
VAT 40,136 27,708
Other creditors 5,597 -
Due from Marick Labels Ltd 96,623 126,315
Pension 504 741
Wages control account 2,130 585
Directors' current accounts 6,296 -
Accrued expenses 3,253 3,051
269,486 258,471

8. Creditors: amounts falling due after more than one year
28.2.25 29.2.24
£    £   
Bank loans - 1-2 years 5,546 5,436
Bank loans - 2-5 years 18,039 23,448
23,585 28,884