SYNERGY_DEAL_LIMITED - Accounts

SYNERGY DEAL LIMITED - Company Information

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Company Registration No. 06544405 (England and Wales)

SYNERGY DEAL LIMITED

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2016

SYNERGY DEAL LIMITED

ABBREVIATED BALANCE SHEET

AS AT

31 MARCH 2016

- 1 -

2016

2015

Notes

Fixed assets

Tangible assets

1,294

1,725

Current assets

Debtors

141

4,461

Cash at bank and in hand

57,586

93,976

57,727

98,437

Creditors: amounts falling due within one year

(31,669)

(76,623)

Net current assets

26,058

21,814

Total assets less current liabilities

27,352

23,539

Capital and reserves

Called up share capital

104

Profit and loss account

27,248

23,435

Shareholders' funds

27,352

23,539

For the financial year ended 31 March 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

Approved by the Board and authorised for issue on 6 June 2016

P Hrbacek

Director

Company Registration No. 06544405

SYNERGY DEAL LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2016

- 2 -

Accounting policies

1.1

Accounting convention

The financial statements are prepared under the historical cost convention.

1.2

Compliance with accounting standards

The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).

1.3

Turnover

Turnover represents amounts receivable for goods and services net of VAT and trade discounts.

1.4

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 less estimated residual value of each asset over its expected useful life, as follows:

Computer equipment

25% reducing balance

1.5

Pensions

The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are charged to the profit and loss account in the year they are payable.

1.6

Foreign currency translation

Monetary assets and liabilities denominated in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. All differences are taken to profit and loss account.

Fixed assets

Tangible assets

Cost

At 1 April 2015 & at 31 March 2016

3,245

Depreciation

At 1 April 2015

1,520

Charge for the year

431

At 31 March 2016

1,951

Net book value

At 31 March 2016

1,294

At 31 March 2015

1,725

SYNERGY DEAL LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2016

- 3 -

Share capital

2016

2015

Allotted, called up and fully paid

100 Ordinary of £1 each

100

1 Ordinary A of £1 each

1 Ordinary B of £1 each

104

Related party relationships and transactions

Other related party transactions

During the year the company made the following related party transactions:

P Hrbacek and J Hrbackova

(Directors)

During the year dividends of £24,078 (2015: £19,269) were paid to J Hrbackova and dividends of £24,483 (2015: £34,780) were paid to P Hrbacek. The directors operate a joint loan account with the company. During the year the directors paid expenses on behalf of the company totalling £13,552 (2015: £14,501) and the company repaid £10,654. The company also paid expenses on behalf of the directors in the year totalling £5,246.

At the balance sheet date the amount due to P Hrbacek and J Hrbackova was £12,967 (2015:10,070).