SYNERGY WASTE SOLUTIONS LTD
SYNERGY WASTE SOLUTIONS LTD
Registered number: 8130448
Unaudited Financial Statements
For The Year Ended
30 June 2022
SYNERGY WASTE SOLUTIONS LTD
Unaudited Financial Statements
For The Year Ended
30 June 2022
Unaudited Financial Statements
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| Company Information | 1 |
| Balance Sheet | 2—3 |
| Notes to the Financial Statements | 4—6 |
SYNERGY WASTE SOLUTIONS LTD
Company Information
For The Year Ended
30 June 2022
Company Information
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| Registered Office | EUROPA HOUSE |
| 46-50 SOUTHWICK SQUARE | |
| SOUTHWICK | |
| BRIGHTON | |
| BN42 4FJ | |
SYNERGY WASTE SOLUTIONS LTD
Balance Sheet
As at
30 June 2022
Balance Sheet
Registered number:
8130448
For the year ending 30 June 2022 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 directors acknowledge their 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.
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| Notes | £ | £ | £ | £ | |
| FIXED ASSETS | |||||
| Tangible Assets | 3 |
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| CURRENT ASSETS | |||||
| Debtors | 4 |
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| Cash at bank and in hand |
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| Creditors: Amounts Falling Due Within One Year | 5 |
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| NET CURRENT ASSETS (LIABILITIES) |
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| TOTAL ASSETS LESS CURRENT LIABILITIES |
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| PROVISIONS FOR LIABILITIES | |||||
| Deferred Taxation | 6 |
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| NET ASSETS |
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| CAPITAL AND RESERVES | |||||
| Called up share capital | 7 |
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| Share premium account |
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| Profit and Loss Account |
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| SHAREHOLDERS' FUNDS | 365,211 | 388,801 | |||
SYNERGY WASTE SOLUTIONS LTD
Balance Sheet (continued)
As at
30 June 2022
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
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The notes on pages 4 to 6 form part of these financial statements.
SYNERGY WASTE SOLUTIONS LTD
Notes to the Financial Statements
For The Year Ended
30 June 2022
Notes to the Financial Statements
1.
Accounting Policies
1.1.
Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).
1.2.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
1.3.
Tangible Fixed Assets and Depreciation
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
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| Computer Equipment |
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1.4.
Leasing and Hire Purchase Contracts
Assets obtained under hire purchase contracts and finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account as incurred.
1.5.
Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
1.6.
Taxation
The charge for taxation takes into account taxation deferred as a result of timing differences between the treatment of certain items for taxation and accounting purposes. In general, deferred taxation is recognised in respect of timing differences that have originated but not reversed at the balance sheet date. However, deferred tax assets are recognised only to the extent that the directors consider that it is more likely than not that there will be suitable taxable profits from which the future reversal of the underlying timing differences can be deducted. Deferred taxation is measured on a non-discounted basis at the tax rates that are expected to apply in periods in which the timing differences reverse, based on tax rates and the law enacted or substantively enacted at the balance sheet date.
1.7.
Pensions
The company operates defined contribution pension schemes for all staff and directors. The assets of the schemes are held separately from those of the company in independently administered funds.
1.8.
Registrar Filing Requirements
The company has taken advantage of Companies Act 2006 section 444(1) and opted not to file the profit and loss account, directors report, and notes to the financial statements relating to the profit and loss account. The notes which are not included have been hidden but original note numbering has remained the same for those that are present.
2.
Average Number of Employees
Average number of employees during the year, including directors, during the year was as follows:
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| Office and administration |
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| Sales, marketing and distribution |
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SYNERGY WASTE SOLUTIONS LTD
Notes to the Financial Statements (continued)
For The Year Ended
30 June 2022
3.
Tangible Assets
| Fixtures & Fittings | Computer Equipment | Total | |
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4.
Debtors
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| Other debtors and prepayments |
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| Deferred tax current asset |
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The deferred taxation asset is made up of accelerated capital allowances and tax losses available for set off against future taxable profits of £25,843 (2015 £55,434).
5.
Creditors: Amounts Falling Due Within One Year
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| Corporation tax |
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| Other taxes and social security |
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| VAT |
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| Other creditors |
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| Accruals and deferred income |
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SYNERGY WASTE SOLUTIONS LTD
Notes to the Financial Statements (continued)
For The Year Ended
30 June 2022
6.
Deferred Taxation
The provision for deferred taxation is made up of accelerated capital allowances
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8.
Pension Commitments
The company operates defined contribution pension schemes for all staff and directors. The assets of the schemes are held separately from those of the company in independently administered funds. At the balance sheet date unpaid contributions of £1,335 (PY £1,356) were due to the fund. They are included in Other Creditors.
9.
General Information
SYNERGY WASTE SOLUTIONS LTD
Registered number
8130448
is a limited by shares company incorporated in England & Wales. The Registered Office is EUROPA HOUSE, 46-50 SOUTHWICK SQUARE, SOUTHWICK, BRIGHTON, BN42 4FJ.