Registration number: 06143283

Synovelle Limited

Contents

Company Information	1
Balance Sheet	2 to 3
Notes to the Unaudited Financial Statements	4 to 8

Synovelle Limited

Company Information

Director

Mr Horst Strohberg

Registered office

Suite 204 Warner House 123 Castle Street Salisbury Wiltshire SP1 3TB

Accountants

Ian Sheekey Accountancy Limited Suite 204 Warner House 123 Castle Street Salisbury Wiltshire SP1 3TB

Synovelle Limited

(Registration number: 06143283)
Balance Sheet as at 31 March 2025

	Note	2025 £	2024 £
Fixed assets
Tangible assets	4	-	307
Current assets
Stocks	5	380,543	243,712
Debtors	6	1,388,092	1,141,990
Cash at bank and in hand		1,706,001	1,840,705
		3,474,636	3,226,407
Creditors: Amounts falling due within one year	7	(1,457,936)	(1,453,534)
Net current assets		2,016,700	1,772,873
Total assets less current liabilities		2,016,700	1,773,180
Provisions for liabilities		-	(77)
Net assets		2,016,700	1,773,103
Capital and reserves
Called up share capital	8	10,000	10,000
Capital redemption reserve		10,000	10,000
Retained earnings		1,996,700	1,753,103
Shareholders' funds		2,016,700	1,773,103

For the financial year ending 31 March 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 accounts for the year in question in accordance with section 476; and
•	The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

Synovelle Limited

(Registration number: 06143283)
Balance Sheet as at 31 March 2025

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 5 December 2025
 

......................................... Mr Horst Strohberg Director

Synovelle Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

1	General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
Suite 204 Warner House
123 Castle Street
Salisbury
Wiltshire
SP1 3TB
England

These financial statements were authorised for issue by the director on 5 December 2025.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Synovelle Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Furniture, fittings, tools and equipment	20% straight line

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Synovelle Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3	Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2024 - 1).

Synovelle Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

4	Tangible assets

	Fixtures and fittings £	Total £
Cost or valuation
At 1 April 2024	409	409
Disposals	(409)	(409)
At 31 March 2025	-	-
Depreciation
At 1 April 2024	102	102
Eliminated on disposal	(102)	(102)
At 31 March 2025	-	-
Carrying amount
At 31 March 2025	-	-
At 31 March 2024	307	307

5

Stocks

	2025 £	2024 £
Other inventories	380,543	243,712

6

Debtors

Current	2025 £	2024 £
Trade debtors	683,623	824,836
Prepayments	27,580	18,156
Other debtors	676,889	298,998
	1,388,092	1,141,990

Synovelle Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

7

Creditors

Creditors: amounts falling due within one year

	2025 £	2024 £
Due within one year
Trade creditors	898,615	887,610
Taxation and social security	107,641	176,407
Accruals and deferred income	431,779	386,740
Other creditors	19,901	2,777
	1,457,936	1,453,534

8	Share capital

Allotted, called up and fully paid shares

	2025		2024
	No.	£	No.	£
A shares of £1 each	-	-	-	-
B shares of £1 each	10,000	10,000	10,000	10,000
	10,000	10,000	10,000	10,000

9

Dividends

Interim dividends paid

		2025 £		2024 £
Interim dividend of £Nil per each A shares		-		-
Interim dividend of £Nil per each B shares		-		-
		-		-

10	Related party transactions

During the year the company traded on an arms length basis with Synovelle S.L. a company in which Horst Strohberg has an interest. At 31st March 2025 Synovelle S.L owed the company £644,087 (2024: £162,992) and the company owed Synovelle S.L.£19,901 (2024: £2,777).