CYNERGI CLEANING & SUPPORT SERVICES LTD

CYNERGI CLEANING & SUPPORT SERVICES LTD

CYNERGI CLEANING & SUPPORT SERVICES LTD - Company Information

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CYNERGI CLEANING & SUPPORT SERVICES LTD

Company Registration Number:
05725284 (England and Wales)

Unaudited abridged accounts for the year ended 31 March 2020

Period of accounts

Start date: 01 April 2019

End date: 31 March 2020

CYNERGI CLEANING & SUPPORT SERVICES LTD

Contents of the Financial Statements

for the Period Ended 31 March 2020

Balance sheet
Notes

CYNERGI CLEANING & SUPPORT SERVICES LTD

Balance sheet

As at 31 March 2020


Notes
2020
2019


£
£
Fixed assets
Tangible assets: 3 7,271 8,646
Investments: 4 2 2
Total fixed assets: 7,273 8,648
Current assets
Stocks: 72,381 164,431
Debtors:   1,999,000 1,722,783
Cash at bank and in hand: 31,792 22,464
Total current assets: 2,103,173 1,909,678
Creditors: amounts falling due within one year: 5 (1,999,653) (1,895,736)
Net current assets (liabilities): 103,520 13,942
Total assets less current liabilities: 110,793 22,590
Total net assets (liabilities): 110,793 22,590
Capital and reserves
Called up share capital: 1,000 1,000
Profit and loss account: 109,793 21,590
Shareholders funds: 110,793 22,590

The notes form part of these financial statements

CYNERGI CLEANING & SUPPORT SERVICES LTD

Balance sheet statements

For the year ending 31 March 2020 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 17 February 2021
and signed on behalf of the board by:

Name: John Peter Goodwin
Status: Director

The notes form part of these financial statements

CYNERGI CLEANING & SUPPORT SERVICES LTD

Notes to the Financial Statements

for the Period Ended 31 March 2020

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Turnover policy

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.Revenue from the sale of goods is recognised when the significant risks and rewards of ownership havetransferred to the buyer, usually on despatch of the goods; the amount of revenue can be measuredreliably; it is probable that the associated economic benefits will flow to the entity and the costs incurredor to be incurred in respect of the transactions can be measured reliably.

Tangible fixed assets and depreciation policy

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value,over the useful economic life of that asset as follows:Plant and machinery - 20% reducing balanceFittings fixtures and equipment - 20% reducing balanceMotor vehicles - 20% reducing balanceIf there is an indication that there has been a significant change in depreciation rate, useful life orresidual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.

CYNERGI CLEANING & SUPPORT SERVICES LTD

Notes to the Financial Statements

for the Period Ended 31 March 2020

2. Employees

2020 2019
Average number of employees during the period 16 15

CYNERGI CLEANING & SUPPORT SERVICES LTD

Notes to the Financial Statements

for the Period Ended 31 March 2020

3. Tangible Assets

Total
Cost £
At 01 April 2019 53,521
At 31 March 2020 53,521
Depreciation
At 01 April 2019 44,875
Charge for year 1,375
At 31 March 2020 46,250
Net book value
At 31 March 2020 7,271
At 31 March 2019 8,646

CYNERGI CLEANING & SUPPORT SERVICES LTD

Notes to the Financial Statements

for the Period Ended 31 March 2020

4. Fixed investments

Fixed asset investments are initially recorded at cost and subsequently stated at cost less any accumulated impairment losses. Listed investments are measured at fair value with changes in fair value being recognised in profit or loss.

CYNERGI CLEANING & SUPPORT SERVICES LTD

Notes to the Financial Statements

for the Period Ended 31 March 2020

5. Creditors: amounts falling due within one year note

1,999,653

CYNERGI CLEANING & SUPPORT SERVICES LTD

Notes to the Financial Statements

for the Period Ended 31 March 2020

6. Loans to directors

Name of director receiving advance or credit: John Peter Goodwin
Description of the loan: During the year, John received a loan from the company which was charged at a commercial rate
£
Balance at 01 April 2019 143,712
Advances or credits made: 5,603
Balance at 31 March 2020 149,315
Name of director receiving advance or credit: Ian David Hotston
Description of the loan: During the year, Ian received a loan from the company which was charged at a commercial rate
£
Balance at 01 April 2019 83,898
Advances or credits repaid: 11,457
Balance at 31 March 2020 72,441

CYNERGI CLEANING & SUPPORT SERVICES LTD

Notes to the Financial Statements

for the Period Ended 31 March 2020

7. Related party transactions

Name of the related party: Cynergi Cleaning and Property Maintenance Ltd
Relationship:
Company under common control
Description of the Transaction: During the year £101,533 was repaid by Cynergy Cleaning and Property Maintenance Ltd. The total loan outstanding is £118,540 (£220,073).This is an unsecured loan, with no interest and repayable on demand.
£
Balance at 01 April 2019 220,073
Balance at 31 March 2020 118,540