REGISTERED NUMBER: 05213068 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

SYNERGY SIGNS LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

A N Williams

R J Carter

SECRETARY:

Mrs E Williams

REGISTERED OFFICE:

Unit 23 Wheathills Industrial Estate

Holt Lane

Liverpool

Merseyside

L27 0YA

REGISTERED NUMBER:

05213068 (England and Wales)

ACCOUNTANTS:

Coburn McKenna - Chartered Accountants

81-83a Allerton Road

Liverpool

Merseyside

L18 2DA

FIXED ASSETS

Tangible assets

4

401

501

CURRENT ASSETS

Stocks

90,500

68,000

Debtors

5

37,452

32,417

Cash at bank

31

2,866

127,983

103,283

CREDITORS

Amounts falling due within one year

6

125,350

94,496

NET CURRENT ASSETS

2,633

8,787

TOTAL ASSETS LESS CURRENT LIABILITIES

3,034

9,288

CREDITORS

Amounts falling due after more than one year

7

(2,500

)

(8,500

)

PROVISIONS FOR LIABILITIES

(76

)

(95

)

NET ASSETS

458

693

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

358

593

SHAREHOLDERS' FUNDS

458

693

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 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 15 September 2025 and were signed on its behalf by:

A N Williams - Director

1.	STATUTORY INFORMATION

Synergy Signs 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.

Sundry equipment

-

15% on cost

Stocks

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

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.

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 3 (2023 - 4 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Sundry

machinery

equipment

Totals

£

£

£

COST

At 1 January 2024

and 31 December 2024

707

7,806

8,513

DEPRECIATION

At 1 January 2024

207

7,805

8,012

Charge for year

100

-

100

At 31 December 2024

307

7,805

8,112

NET BOOK VALUE

At 31 December 2024

400

1

401

At 31 December 2023

500

1

501

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

33,282

30,751

Other debtors

4,170

1,666

37,452

32,417

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Bank loans and overdrafts

15,094

13,658

Trade creditors

10,915

12,947

Taxation and social security

58,940

61,219

Other creditors

40,401

6,672

125,350

94,496

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024

2023

£

£

Bank loans

2,500

8,500

8.	OTHER FINANCIAL COMMITMENTS

At the balance sheet date, the company had financial obligations under non-cancellable operating leases amounting to £38,699 (2023: £28,872).

9.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

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

2024

2023

£

£

R J Carter

Balance outstanding at start of year

-

9,069

Amounts repaid

-

(9,069

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

-

-

A N Williams

Balance outstanding at start of year

-

7,704

Amounts repaid

-

(7,704

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

-

-