Syntiga Limited - Accounts to registrar (filleted) - small 17.3

REGISTERED NUMBER: 04537429 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2017

FOR

SYNTIGA LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Mr H Singh

REGISTERED OFFICE:

9 Mansfield Street

London

W1G 9NY

REGISTERED NUMBER:

04537429 (England and Wales)

ACCOUNTANTS:

Arithma LLP

Chartered Certified Accountants

9 Mansfield Street

London

W1G 9NY

FIXED ASSETS

Tangible assets

4

54,780

76,941

CURRENT ASSETS

Stocks

5

601,116

399,756

Debtors

6

590,035

431,908

Cash at bank and in hand

807,708

478,764

1,998,859

1,310,428

CREDITORS

Amounts falling due within one year

7

643,722

376,454

NET CURRENT ASSETS

1,355,137

933,974

TOTAL ASSETS LESS CURRENT LIABILITIES

1,409,917

1,010,915

PROVISIONS FOR LIABILITIES

6,633

8,384

NET ASSETS

1,403,284

1,002,531

CAPITAL AND RESERVES

Called up share capital

10

10

Retained earnings

1,403,274

1,002,521

SHAREHOLDERS' FUNDS

1,403,284

1,002,531

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2017 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director on 22 December 2017 and were signed by:

Mr H Singh - Director

1.	STATUTORY INFORMATION

Syntiga Limited is a private company, limited by shares , registered in England and Wales. The

company's registered number and registered office address can be found on the Company Information

page.

2.	ACCOUNTING POLICIES

BASIS OF PREPARING THE FINANCIAL STATEMENTS

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

TURNOVER

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts,

rebates, value added tax and other sales taxes.

TANGIBLE FIXED ASSETS

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Short leasehold

-

Straight line over 10 years

Fixtures and fittings

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer software

-

25% on reducing balance

STOCKS

Stocks are valued at the lower of cost and net realisable value, after making due allowance for

obsolete and slow moving items.

TAXATION

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement,

except to the extent that it relates to items recognised in other comprehensive income or directly in

equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been

enacted or substantively enacted by the balance sheet date.

DEFERRED TAX

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at

the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods

different from those in which they are recognised in financial statements. Deferred tax is measured

using tax rates and laws that have been enacted or substantively enacted by the year end and that are

expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable

that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

PENSION COSTS AND OTHER POST-RETIREMENT BENEFITS

The company operates a defined contribution pension scheme. Contributions payable to the

company's pension scheme are charged to profit or loss in the period to which they relate.

LEASING

Rentals payable under the operating leases are charged against income on a straight line basis over

the lease term.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 17 .

4.	TANGIBLE FIXED ASSETS

Fixtures

Short

and

Motor

Computer

leasehold

fittings

vehicles

software

Totals

£

£

£

£

£

COST

At 1 April 2016

86,839

123,889

9,600

33,300

253,628

Additions

-

2,557

-

-

2,557

At 31 March 2017

86,839

126,446

9,600

33,300

256,185

DEPRECIATION

At 1 April 2016

54,548

94,111

8,776

19,252

176,687

Charge for year

12,916

8,084

206

3,512

24,718

At 31 March 2017

67,464

102,195

8,982

22,764

201,405

NET BOOK VALUE

At 31 March 2017

19,375

24,251

618

10,536

54,780

At 31 March 2016

32,291

29,778

824

14,048

76,941

5.

STOCKS

2017

2016

£

£

Finished goods

601,116

399,756

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Trade debtors

239,737

87,805

Amounts owed by group undertakings

345,161

338,529

Other debtors

5,137

5,574

590,035

431,908

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Trade creditors

421,401

224,436

Taxation and social security

138,413

102,348

Other creditors

83,908

49,670

643,722

376,454

8.	RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102

'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related

party transactions with wholly owned subsidiaries within the group.

At the balance sheet date £78,000 (2016 - £44,000) was owed to the director, Mr H Singh.

During the year, rent totalling £35,000 (2016 - £35,000) was paid to Mr H Singh.

9.	ULTIMATE CONTROLLING PARTY

The company is controlled by Mr. H Singh.

10.	FIRST YEAR ADOPTION

These are the first financial statements that comply with Section 1A of FRS 102. The company

transitioned to FRS 102 on 1 April 2016.

Reconciliation of equity

No transitional adjustments were required.

Reconciliation of profit or loss for the year

No transitional adjustments were required.

The company has adopted FRS 102 for the year ended 31 March 2017 for the first time. No

restatement of prior year profit under UK GAAP, nor restatement of equity under UK GAAP was

required.