SYNCOLINE LIMITED

SYNCOLINE LIMITED

SYNCOLINE LIMITED - Company Information

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SYNCOLINE LIMITED

Company Registration Number:
03993294 (England and Wales)

Unaudited abridged accounts for the year ended 31 March 2019

Period of accounts

Start date: 01 April 2018

End date: 31 March 2019

SYNCOLINE LIMITED

Contents of the Financial Statements

for the Period Ended 31 March 2019

Balance sheet
Notes

SYNCOLINE LIMITED

Balance sheet

As at 31 March 2019


Notes
2019
2018


£
£
Fixed assets
Intangible assets: 2 220 220
Tangible assets: 3 35,300 20,976
Total fixed assets: 35,520 21,196
Current assets
Stocks: 561,253 414,906
Debtors:   456,505 439,152
Cash at bank and in hand: 169,508 139,788
Total current assets: 1,187,266 993,846
Creditors: amounts falling due within one year:   (229,799) (240,043)
Net current assets (liabilities): 957,467 753,803
Total assets less current liabilities: 992,987 774,999
Provision for liabilities: (6,707) (3,952)
Total net assets (liabilities): 986,280 771,047
Capital and reserves
Called up share capital: 782 782
Other reserves: (66,917) (66,917)
Profit and loss account: 1,052,415 837,182
Shareholders funds: 986,280 771,047

The notes form part of these financial statements

SYNCOLINE LIMITED

Balance sheet statements

For the year ending 31 March 2019 the company was entitled to exemption 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 directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 06 December 2019
and signed on behalf of the board by:

Name: Mr Stephen Cleland
Status: Director

The notes form part of these financial statements

SYNCOLINE LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2019

1. Accounting policies

The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).

Turnover policy

Turnover represents the total invoice value, excluding value added tax, of sales made in the year and derives from the provision of goods and services falling within the ordinary activities of the company.

Tangible fixed assets and depreciation policy

Depreciation is provided at rates calculated to write off the cost less residual value of each asset over its expected useful life, as follows:-Plant and machinery - 25% reducing balance methodFixtures & fittings - 25% reducing balance methodMotor vehicles - 25% reducing balance method

SYNCOLINE LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2019

2. Intangible Assets

Total
Cost £
At 01 April 2018 220
At 31 March 2019 220
Amortisation
At 01 April 2018 0
At 31 March 2019 0
Net book value
At 31 March 2019 220
At 31 March 2018 220

SYNCOLINE LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2019

3. Tangible Assets

Total
Cost £
At 01 April 2018 50,499
Additions 23,730
Disposals (3,100)
At 31 March 2019 71,129
Depreciation
At 01 April 2018 29,523
Charge for year 8,854
On disposals (2,548)
At 31 March 2019 35,829
Net book value
At 31 March 2019 35,300
At 31 March 2018 20,976