IRIS Accounts Production v25.1.4.42 10466917 director 1.12.23 30.11.24 30.11.24 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh104669172023-11-30104669172024-11-30104669172023-12-012024-11-30104669172022-11-30104669172022-12-012023-11-30104669172023-11-3010466917ns15:EnglandWales2023-12-012024-11-3010466917ns14:PoundSterling2023-12-012024-11-3010466917ns10:Director12023-12-012024-11-3010466917ns10:PrivateLimitedCompanyLtd2023-12-012024-11-3010466917ns10:SmallEntities2023-12-012024-11-3010466917ns10:AuditExempt-NoAccountantsReport2023-12-012024-11-3010466917ns10:SmallCompaniesRegimeForDirectorsReport2023-12-012024-11-3010466917ns10:SmallCompaniesRegimeForAccounts2023-12-012024-11-3010466917ns10:FullAccounts2023-12-012024-11-3010466917ns10:RegisteredOffice2023-12-012024-11-3010466917ns5:CurrentFinancialInstruments2024-11-3010466917ns5:CurrentFinancialInstruments2023-11-3010466917ns5:Non-currentFinancialInstruments2024-11-3010466917ns5:Non-currentFinancialInstruments2023-11-3010466917ns5:ShareCapital2024-11-3010466917ns5:ShareCapital2023-11-3010466917ns5:RetainedEarningsAccumulatedLosses2024-11-3010466917ns5:RetainedEarningsAccumulatedLosses2023-11-3010466917ns5:MotorVehicles2023-12-012024-11-3010466917ns5:MotorVehicles2023-11-3010466917ns5:MotorVehicles2024-11-3010466917ns5:MotorVehicles2023-11-3010466917ns5:WithinOneYearns5:CurrentFinancialInstruments2024-11-3010466917ns5:WithinOneYearns5:CurrentFinancialInstruments2023-11-3010466917ns5:Non-currentFinancialInstrumentsns5:MoreThanFiveYears2024-11-3010466917ns5:Non-currentFinancialInstrumentsns5:MoreThanFiveYears2023-11-30
REGISTERED NUMBER: 10466917 (England and Wales)










Unaudited Financial Statements

for the Year Ended 30 November 2024

for

Synergy Electrical Ltd

Synergy Electrical Ltd (Registered number: 10466917)






Contents of the Financial Statements
for the year ended 30 November 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Synergy Electrical Ltd

Company Information
for the year ended 30 November 2024







DIRECTOR: Mr M Kinsey





REGISTERED OFFICE: 5 Cranbrook Avenue
Benfleet
Essex
SS7 3YX





REGISTERED NUMBER: 10466917 (England and Wales)





ACCOUNTANTS: Vortex Accountants Limited
Top Floor
Claridon House
London Road
Stanford Le Hope
Essex
SS17 0JU

Synergy Electrical Ltd (Registered number: 10466917)

Balance Sheet
30 November 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 13,050 7,400

CURRENT ASSETS
Stocks 5 26,000 -
Debtors 6 13,908 26,713
Cash at bank 12,387 12,965
52,295 39,678
CREDITORS
Amounts falling due within one year 7 62,856 36,424
NET CURRENT (LIABILITIES)/ASSETS (10,561 ) 3,254
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,489

10,654

CREDITORS
Amounts falling due after more than one
year

8

-

8,444
NET ASSETS 2,489 2,210

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 2,487 2,208
2,489 2,210

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 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 Electrical Ltd (Registered number: 10466917)

Balance Sheet - continued
30 November 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 14 August 2025 and were signed by:





Mr M Kinsey - Director


Synergy Electrical Ltd (Registered number: 10466917)

Notes to the Financial Statements
for the year ended 30 November 2024

1. STATUTORY INFORMATION

Synergy Electrical Ltd 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.
Motor vehicles - 25% on reducing balance

Stocks
Work in progress is valued at the lower of cost and net realisable value.

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.


Synergy Electrical Ltd (Registered number: 10466917)

Notes to the Financial Statements - continued
for the year ended 30 November 2024

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 3 ) .

4. TANGIBLE FIXED ASSETS
Motor
vehicles
£   
COST
At 1 December 2023 13,011
Additions 10,000
At 30 November 2024 23,011
DEPRECIATION
At 1 December 2023 5,611
Charge for year 4,350
At 30 November 2024 9,961
NET BOOK VALUE
At 30 November 2024 13,050
At 30 November 2023 7,400

5. STOCKS
2024 2023
£    £   
Work-in-progress 26,000 -

Synergy Electrical Ltd (Registered number: 10466917)

Notes to the Financial Statements - continued
for the year ended 30 November 2024

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 13,908 14,563
Other debtors - 12,150
13,908 26,713

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 11,884 11,712
Other loans 195 5,092
Trade creditors 13,950 14,461
Tax 12 -
Social security and other taxes 252 -
VAT 3,895 1,158
Wages control 2,478 -
Directors' current accounts 28,750 2,561
Accrued expenses 1,440 1,440
62,856 36,424

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
2024 2023
£    £   
Other loans - 1-2 years - 8,444