REGISTERED NUMBER: 06015644 (England and Wales)

SYNERGY AUTOMOTIVE LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST MARCH 2026

Page

Balance Sheet

1

Notes to the Financial Statements

2

to

6

FIXED ASSETS

Intangible assets

4

365,522

242,338

Tangible assets

5

192,931

381,496

558,453

623,834

CURRENT ASSETS

Stocks

27,356

7,958

Debtors

6

4,024,528

3,454,725

Cash at bank and in hand

329,011

804,885

4,380,895

4,267,568

CREDITORS

Amounts falling due within one year

7

1,929,808

2,604,025

NET CURRENT ASSETS

2,451,087

1,663,543

TOTAL ASSETS LESS CURRENT LIABILITIES

3,009,540

2,287,377

CAPITAL AND RESERVES

Called up share capital

9

1,000

1,000

Retained earnings

3,008,540

2,286,377

SHAREHOLDERS' FUNDS

3,009,540

2,287,377

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 14th July 2026 and were signed on its behalf by:

A Whiteley - Director

1.	STATUTORY INFORMATION

Synergy Automotive Limited is a company limited by shares incorporated in England and Wales within the United Kingdom. The address of the registered office is given in the company information on page 1 of these financial statements.

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.

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

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

At the time of signing these accounts, having considered the economic climate, the directors expectations and intentions for the next 12 months, and the availability of working capital, the directors are of the opinion that the company will remain viable for the foreseeable future and accordingly these financial statements have been prepared on the going concern basis.

Turnover

Turnover from the sale of vehicles, vehicle sourcing fees, short term rental of vehicles and commission income associated with arranging contract hire and similar arrangements is recognised when significant risks and rewards of ownership of the goods have transferred to the buyer, the amount of turnover can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transaction can be measured reliably. The point of recognition can range from the date of the order, date of delivery or through to the expiry of the contract.

Intangible assets

Website and software development costs are capitalised when it is probable that future economic benefits attributable to them will flow to the entity.

Ongoing maintenance and research costs are expensed to the profit and loss account.

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less accumulated amortisation and any accumulated impairment losses.

Computer software is being amortised evenly over its estimate useful life of three years.

Tangible fixed assets

Tangible fixed assets are stated at cost (or deemed cost) less accumulated depreciation. Cost includes costs directly attributable to making the asset capable of operating as intended.

Depreciation is provided on all tangible fixed assets, at rates calculated to write off the cost, less estimated residual value, of each asset on a systematic basis over its expected useful life as follows:

Plant & Machinery etc - 25% to 33% on cost

Stocks

Stocks are valued at the lower of cost and estimated selling price less costs to complete and sell after making due allowance for obsolete and slow moving items.

Financial instruments

The company only enters into transactions in ‘basic’ financial instruments which result in the recognition of assets and liabilities; these include trade and other debtors and creditors, bank balances, loans from banks and other third parties, and loans to related parties. These are recognised in the company’s balance sheet when it becomes party to the contractual provisions of the instrument.

Basic financial assets (other than those classified as payable within one year) are initially measured at cost and are subsequently carried at cost or amortised cost using the effective interest method, less any impairment losses. Basic financial assets classed as receivable within one year are not amortised.

Basic financial liabilities (other than those classified as payable within one year) are initially measured at present value of future cash flows and subsequently at amortised cost using the effective interest method. Basic financial liabilities classed as payable within one year are not amortised.

Financial assets and liabilities are offset, with the net amount reported in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

Provisions

Provisions are recognised when the company has an obligation at the balance sheet date as a result of a past event, it is probable that an outflow of economic benefits will be required in settlement and the amount can be reliably estimated.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 39 (2025 - 39 ) .

4.	INTANGIBLE FIXED ASSETS

Other

intangible

assets

£

COST

At 1st April 2025

730,589

Additions

176,025

Disposals

(855

)

At 31st March 2026

905,759

AMORTISATION

At 1st April 2025

488,251

Charge for year

52,841

Eliminated on disposal

(855

)

At 31st March 2026

540,237

NET BOOK VALUE

At 31st March 2026

365,522

At 31st March 2025

242,338

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1st April 2025

568,478

Additions

71,575

Disposals

(268,376

)

At 31st March 2026

371,677

DEPRECIATION

At 1st April 2025

186,982

Charge for year

95,620

Eliminated on disposal

(103,856

)

At 31st March 2026

178,746

NET BOOK VALUE

At 31st March 2026

192,931

At 31st March 2025

381,496

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Trade debtors

245,847

277,644

Amounts owed by group undertakings

3,514,408

2,745,979

Other debtors

37,127

89,875

Tax

-

44,911

Deferred tax asset

780

153,480

Prepayments and accrued income

226,366

142,836

4,024,528

3,454,725

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Trade creditors

187,639

184,812

Amounts owed to group undertakings

645,253

674,245

Social security and other taxes

54,250

160,729

VAT

193,461

140,797

Other creditors

460,899

1,112,423

Accruals and deferred income

388,306

331,019

1,929,808

2,604,025

8.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

2026

2025

£

£

Within one year

82,952

84,335

Between one and five years

101,960

184,912

184,912

269,247

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2026

2025

value:

£

£

1,000

Ordinary

£1

1,000

1,000

10.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Shaun Pullan ACCA (Senior Statutory Auditor)

for and on behalf of Thomas Coombs Limited

11.	CONTINGENT LIABILITIES

Synergy Automotive Limited was a guarantor for a combined loan facility held by Synergy MID Limited. The remaining balance outstanding on the loan is £nil (2025: £2,975,000), the charge held against the company in relation to this balance was satisfied on 20th August 2025.

12.	RELATED PARTY DISCLOSURES

The company has also taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with group companies.

The balance owing from fellow group subsidiaries at 31st March 2026 is £3,514,408 (2025: £2,745,979).

Interest was charged on the balance owing from a fellow group subsidiary at a rate between 1.15% and 2.95% above base rate per annum £101,971 (2025: £124,195).

The balance owing to fellow group subsidiaries at 31st March 2026 is £645,253 (2025: £674,244).

13.	ULTIMATE CONTROLLING PARTY

The immediate parent undertaking is Newable Lending Limited and the ultimate parent undertaking, and the smallest and largest group to consolidate these financial statements is Newable Partnership Limited. Both companies are incorporated in Great Britain and registered in England and Wales. Copies of the consolidated financial statements of Newable Partnership Limited can be obtained from 140 Aldersgate Street, London, EC1A 4HY.