31 March 2024 false No description of principal activity Taxfiler 2024.6 08895401business:PrivateLimitedCompanyLtd2024-03-312025-03-30 088954012024-03-30 088954012024-03-312025-03-30 08895401business:AuditExempt-NoAccountantsReport2024-03-312025-03-30 08895401business:FilletedAccounts2024-03-312025-03-30 088954012025-03-30 08895401business:Director12024-03-312025-03-30 08895401business:RegisteredOffice2024-03-312025-03-30 088954012024-03-30 08895401core:WithinOneYear2025-03-30 08895401core:WithinOneYear2024-03-30 08895401core:AfterOneYear2025-03-30 08895401core:AfterOneYear2024-03-30 08895401core:ShareCapitalcore:PreviouslyStatedAmount2025-03-30 08895401core:ShareCapitalcore:PreviouslyStatedAmount2024-03-30 08895401core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2025-03-30 08895401core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2024-03-30 08895401core:PreviouslyStatedAmount2025-03-30 08895401core:PreviouslyStatedAmount2024-03-30 08895401business:SmallEntities2024-03-312025-03-30 08895401countries:EnglandWales2024-03-312025-03-30 08895401core:Goodwill2024-03-30 08895401core:Goodwill2025-03-30 088954012023-03-312024-03-30 iso4217:GBP xbrli:pure
Company Registration No. 08895401 (England and Wales)
Synergy Motors Ltd Unaudited accounts for the year ended 30 March 2025
Synergy Motors Ltd Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
- 2 -
Synergy Motors Ltd Company Information for the year ended 30 March 2025
Director
Simal Naik
Company Number
08895401 (England and Wales)
Registered Office
42b Windmill Road Croydon CR0 2XP
- 3 -
Synergy Motors Ltd Statement of financial position as at 30 March 2025
2025 
2024 
Notes
£ 
£ 
Current assets
Inventories
82,109 
100,038 
Debtors
5
308,442 
293,207 
Cash at bank and in hand
182,432 
165,553 
572,983 
558,798 
Creditors: amounts falling due within one year
6
(13,710)
(26,376)
Net current assets
559,273 
532,422 
Total assets less current liabilities
559,273 
532,422 
Creditors: amounts falling due after more than one year
7
(11,105)
(21,753)
Net assets
548,168 
510,669 
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
548,167 
510,668 
Shareholders' funds
548,168 
510,669 
For the year ending 30 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 9 December 2025 and were signed on its behalf by
Simal Naik Director Company Registration No. 08895401
- 4 -
Synergy Motors Ltd Notes to the Accounts for the year ended 30 March 2025
1
Statutory information
Synergy Motors Ltd is a private company, limited by shares, registered in England and Wales, registration number 08895401. The registered office is 42b Windmill Road, Croydon, CR0 2XP.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation. Goodwill, being the amount paid in connection with the acquisition of a business in 2014, is being amortised evenly over its estimated useful life of ten years.
4
Intangible fixed assets
Goodwill 
£ 
Cost
At 31 March 2024
350,000 
At 30 March 2025
350,000 
Amortisation
At 31 March 2024
350,000 
At 30 March 2025
350,000 
Net book value
At 30 March 2025
- 
5
Debtors
2025 
2024 
£ 
£ 
Amounts falling due within one year
Other debtors
308,442 
293,207 
- 5 -
Synergy Motors Ltd Notes to the Accounts for the year ended 30 March 2025
6
Creditors: amounts falling due within one year
2025 
2024 
£ 
£ 
VAT
4,914 
- 
Trade creditors
- 
(1)
Taxes and social security
8,796 
18,877 
Other creditors
- 
7,500 
13,710 
26,376 
7
Creditors: amounts falling due after more than one year
2025 
2024 
£ 
£ 
Bank loans
11,105 
21,753 
8
Average number of employees
During the year the average number of employees was 2 (2024: 2).
- 6 -