Company No: 11774323 (England and Wales)

Contents

• Balance Sheet
• Notes to the Financial Statements

	Note	2025		2024
		£		£
Fixed assets
Tangible assets	3	7,044		1,100
		7,044		1,100
Current assets
Stocks		202,167		198,757
Debtors	4	65,373		27,445
Cash at bank and in hand		11,619		2,240
		279,159		228,442
Creditors: amounts falling due within one year	5	( 379,147)		( 307,296)
Net current liabilities		(99,988)		(78,854)
Total assets less current liabilities		(92,944)		(77,754)
Creditors: amounts falling due after more than one year	6	( 1,925)		( 5,099)
Net liabilities		( 94,869)		( 82,853)
Capital and reserves
Called-up share capital	7	100		100
Profit and loss account		( 94,969 )		( 82,953 )
Total shareholders' deficit		( 94,869)		( 82,853)

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.

Directors' responsibilities:

• The members have not required the Company to obtain an audit of its financial statements for the financial year in accordance with section 476;
• The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
• These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Profit and Loss Account has not been delivered.

The financial statements of Synchgo Limited (registered number: 11774323) were approved and authorised for issue by the Board of Directors on 22 December 2025. They were signed on its behalf by:

C J Mooney Director

1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Synchgo Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is D6 Arena Business Park, Holyrood Close, Poole, BH17 7FP, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.

Taxation

Current tax
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.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Vehicles	25 % reducing balance
Fixtures and fittings	25 % reducing balance
Computer equipment	25 % reducing balance

Depreciation methods, useful lives and residual values are reviewed at each balance sheet date. The selection of these residual values and estimated lives requires the exercise of judgement. The directors are required to assess whether there is an indication of impairment to the carrying value of assets. In making that assessment, judgements are made in estimating value in use. The directors consider that the individual carrying values of assets are supportable by their value in use.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Profit and Loss Account as described below.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to the net realisable value. Cost includes materials, direct labour and an attributable proportion of manufacturing overheads based on normal levels of activity. Cost is calculated using the FIFO (first-in, first-out) method. Provision is made for obsolete, slow-moving or defective items where appropriate.

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

2. Employees

	2025		2024
	Number		Number
Monthly average number of persons employed by the Company during the year, including directors	3		4

3. Tangible assets

	Vehicles		Fixtures and fittings		Computer equipment		Total
	£		£		£		£
Cost
At 01 April 2024	0		1,076		704		1,780
Additions	5,533		883		1,398		7,814
At 31 March 2025	5,533		1,959		2,102		9,594
Accumulated depreciation
At 01 April 2024	0		457		223		680
Charge for the financial year	1,153		359		358		1,870
At 31 March 2025	1,153		816		581		2,550
Net book value
At 31 March 2025	4,380		1,143		1,521		7,044
At 31 March 2024	0		619		481		1,100

4. Debtors

	2025		2024
	£		£
Trade debtors	50,369		24,391
Prepayments	3,600		0
Corporation tax	3,054		3,054
Other debtors	8,350		0
	65,373		27,445

5. Creditors: amounts falling due within one year

	2025		2024
	£		£
Bank loans (secured)	3,400		3,400
Trade creditors	21,535		48,326
Amounts owed to directors	19,996		20,001
Other loans	244,651		187,631
Other taxation and social security	63,300		29,921
Other creditors	26,265		18,017
	379,147		307,296

6. Creditors: amounts falling due after more than one year

	2025		2024
	£		£
Bank loans (secured)	1,925		5,099

The bank loans are guaranteed by the Government (being part of the Coronavirus Bounce Back Loan Scheme).

7. Called-up share capital

	2025		2024
	£		£
Allotted, called-up and fully-paid
100 Ordinary shares of £ 1.00 each	100		100