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 2023

Period of accounts

Start date: 01 April 2022

End date: 31 March 2023

SYNCOLINE LIMITED

Contents of the Financial Statements

for the Period Ended 31 March 2023

Balance sheet
Notes

SYNCOLINE LIMITED

Balance sheet

As at 31 March 2023


Notes
2023
2022


£
£
Fixed assets
Intangible assets: 3 220 220
Tangible assets: 4 85,383 102,136
Total fixed assets: 85,603 102,356
Current assets
Stocks: 855,660 709,859
Debtors:   1,472,805 1,047,053
Cash at bank and in hand: 266,301 573,719
Total current assets: 2,594,766 2,330,631
Creditors: amounts falling due within one year:   (375,479) (400,633)
Net current assets (liabilities): 2,219,287 1,929,998
Total assets less current liabilities: 2,304,890 2,032,354
Provision for liabilities: (16,223) (19,406)
Total net assets (liabilities): 2,288,667 2,012,948
Capital and reserves
Called up share capital: 782 782
Other reserves: (66,917) (66,917)
Profit and loss account: 2,354,802 2,079,083
Shareholders funds: 2,288,667 2,012,948

The notes form part of these financial statements

SYNCOLINE LIMITED

Balance sheet statements

For the year ending 31 March 2023 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 13 December 2023
and signed on behalf of the board by:

Name: S Cleland
Status: Director

The notes form part of these financial statements

SYNCOLINE LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2023

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 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 2023

2. Employees

2023 2022
Average number of employees during the period 10 9

SYNCOLINE LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2023

3. Intangible Assets

Total
Cost £
At 01 April 2022 220
At 31 March 2023 220
Net book value
At 31 March 2023 220
At 31 March 2022 220

SYNCOLINE LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2023

4. Tangible Assets

Total
Cost £
At 01 April 2022 167,313
Additions 5,858
At 31 March 2023 173,171
Depreciation
At 01 April 2022 65,177
Charge for year 22,611
At 31 March 2023 87,788
Net book value
At 31 March 2023 85,383
At 31 March 2022 102,136

SYNCOLINE LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2023

5. Loans to directors

Name of director receiving advance or credit: S Cleland
Description of the loan: Directors loan account
£
Balance at 01 April 2022 28,498
Advances or credits made: 10,500
Balance at 31 March 2023 38,998
Name of director receiving advance or credit: K Smoter
Description of the loan: Directors loan account
£
Balance at 01 April 2022 57,279
Advances or credits made: 8,004
Balance at 31 March 2023 65,283