SYNECORE_LIMITED - Accounts

SYNECORE LTD - Company Information

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Company Registration No. 05420500 (England and Wales)

SYNECORE LIMITED

ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 MAY 2016

SYNECORE LIMITED

CONTENTS

Page

Abbreviated balance sheet

Notes to the abbreviated accounts

2 - 3

SYNECORE LIMITED

ABBREVIATED BALANCE SHEET

AS AT

31 MAY 2016

- 1 -

2016

2015

Notes

Fixed assets

Tangible assets

203,665

185,923

Current assets

Debtors

932,914

597,620

Cash at bank and in hand

328,441

358,401

1,261,355

956,021

Creditors: amounts falling due within one year

(870,678)

(737,651)

Net current assets

390,677

218,370

Total assets less current liabilities

594,342

404,293

Creditors: amounts falling due after more than one year

(46,099)

(61,143)

Provisions for liabilities

(22,046)

(35,716)

526,197

307,434

Capital and reserves

Called up share capital

1,005

Profit and loss account

525,192

306,429

Shareholders' funds

526,197

307,434

For the financial year ended 31 May 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 for issue on 15 August 2016

Mr P Thomas

Director

Company Registration No. 05420500

SYNECORE LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 MAY 2016

- 2 -

Accounting policies

1.1

Accounting convention

The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).

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 other than freehold land 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:

Land and buildings Freehold

10% straight line

Plant and machinery

25% reducing balance

Computer equipment

20% straight line

Fixtures, fittings & equipment

20% reducing balance

Motor vehicles

20% 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

Deferred taxation

Deferred taxation is provided in full in respect of taxation deferred by timing differences between the treatment of certain items for taxation and accounting purposes. The deferred tax balance has not been discounted.

SYNECORE LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 31 MAY 2016

- 3 -

Fixed assets

Tangible assets

Cost

At 1 June 2015

286,555

Additions

60,210

At 31 May 2016

346,765

Depreciation

At 1 June 2015

100,631

Charge for the year

42,469

At 31 May 2016

143,100

Net book value

At 31 May 2016

203,665

At 31 May 2015

185,923

Share capital

2016

2015

Allotted, called up and fully paid

1,000 Ordinary of £1 each

1,000

1 Ordinary A of £1 each

2 Ordinary B of £1 each

2 Ordinary C of £1 each

1,005