| SYNETIQ GREENPARTS DATA SYSTEMS LIMITED |
| Registered number: |
SC423321 |
| Balance Sheet |
| as at 31 December 2021 |
|
| Notes |
31/12/21 |
31/5/21 |
| £ |
£ |
| Current assets |
| Debtors |
3 |
|
8,046 |
|
|
43,736 |
| Cash at bank and in hand |
|
|
57,199 |
|
|
16,589 |
|
|
|
65,245 |
|
|
60,325 |
|
| Creditors: amounts falling due within one year |
4 |
|
(4,278) |
|
|
(2,945) |
|
| Net current assets |
|
|
|
60,967 |
|
|
57,380 |
|
| Net assets |
|
|
|
60,967 |
|
|
57,380 |
|
|
|
|
|
|
|
|
| Capital and reserves |
| Called up share capital |
|
|
|
10 |
|
|
10 |
| Profit and loss account |
|
|
|
60,957 |
|
|
57,370 |
|
| Shareholders' funds |
|
|
|
60,967 |
|
|
57,380 |
|
|
|
|
|
|
|
|
| The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006. |
| The members have not required the company to obtain an audit in accordance with section 476 of the Act. |
| The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. |
| The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies. |
|
|
|
|
| Richard Martin |
| Director |
| Approved by the board on 11 February 2022 |
|
| SYNETIQ GREENPARTS DATA SYSTEMS LIMITED |
| Notes to the Accounts |
| for the period from 1 June 2021 to 31 December 2021 |
|
|
| 1 |
Accounting policies |
|
|
Basis of preparation |
|
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard). |
|
|
Turnover |
|
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. |
|
|
Debtors |
|
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts. |
|
|
Creditors |
|
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method. |
|
|
Taxation |
|
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. |
|
|
Pensions |
|
Contributions to defined contribution plans are expensed in the period to which they relate. |
|
|
| 2 |
Employees |
31/12/21 |
31/5/21 |
| Number |
Number |
|
|
Average number of persons employed by the company |
1 |
|
1 |
|
|
|
|
|
|
|
|
|
|
| 3 |
Debtors |
31/12/21 |
31/5/21 |
| £ |
£ |
|
|
Trade debtors |
1,200 |
|
8,298 |
|
Other debtors (Corporation tax repayment) |
6,846 |
|
35,438 |
|
|
|
|
|
|
8,046 |
|
43,736 |
|
|
|
|
|
|
|
|
|
|
| 4 |
Creditors: amounts falling due within one year |
31/12/21 |
31/5/21 |
| £ |
£ |
|
|
Trade creditors |
1,661 |
|
9,788 |
|
Other taxes and social security costs |
1,189 |
|
(8,330) |
|
David Harcourt |
8 |
|
8 |
|
Other creditors |
1,420 |
|
1,479 |
|
|
|
|
|
|
4,278 |
|
2,945 |
|
|
|
|
|
|
|
|
|
|
| 5 |
Related party disclosures |
|
|
One of the shareholders, David Harcourt, has given a loan to the company, the balance of which at the year end was as detailed in the Notes to the Accounts section 4. |
|
|
| 6 |
Controlling party |
|
|
There is no ultimate controlling party. The four directors each own 1 share of the called up share capital. The other six shares are held by six different individuals. |
|
|
| 7 |
Other information |
|
|
SYNETIQ GREENPARTS DATA SYSTEMS LIMITED is a private company limited by shares and incorporated in Scotland. Its registered office is: |
|
Synetiq Ltd |
|
Balmore Road |
|
Glasgow |
|
G64 4AB |
|
G64 4AB |
