Abbreviated Company Accounts - SYNERGIE BUSINESS LIMITED

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Turnover policy
The turnover shown in the profit and loss account represents amounts invoiced during the year, exclusive of Value Added Tax.

In respect of long-term contracts and contracts for on-going services, turnover represents the value of work done in the year, including estimates of amounts not invoiced. Turnover in respect of long-term contracts and contracts for on-going services is recognised by reference to the stage of completion.

Tangible assets depreciation policy
Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:

Furniture, fixtures and fittings - over 5 years
Computer equipment - over 3 years

Other accounting policies
Operating lease agreements

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profits on a straight line basis over the period of the lease.

Pension costs

The company operates a defined contribution pension scheme for employees. The assets of the scheme are held separately from those of the company. The annual contributions payable are charged to the profit and loss account.

Deferred taxation

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date where transactions or events have occurred at that date that will result in an obligation to pay more, or a right to pay less or to receive more tax, with the following exceptions:

Provision is made for tax on gains arising from the revaluation (and similar fair value adjustments) of fixed assets, and gains on disposal of fixed assets that have been rolled over into replacement assets, only to the extent that, at the balance sheet date, there is a binding agreement to dispose of the assets concerned. However, no provision is made where, on the basis of all available evidence at the balance sheet date, it is more likely than not that the taxable gain will be rolled over into replacement assets and charged to tax only where the replacement assets are sold.

Deferred tax assets are recognised only to the extent that the directors consider that it is more likely than not that there will be suitable taxable profits from which the future reversal of the underlying timing differences can be deducted.

Deferred tax is measured on an undiscounted basis at the tax rates that are expected to apply in the periods in which timing differences reverse, based on tax rates and laws enacted or substantively enacted at the balance sheet date.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

All fixed assets are initially recorded at cost.

3Fixed assets Investments
FIXED ASSETS

Investments
COST
At 1 January 2013 £526,631
Additions £5,100

At 31 December 2013 £531,731

DEPRECIATION
At 1 January 2013 -
Charge for year -

At 31 December 2013 -

NET BOOK VALUE
At 31 December 2013 531,731
At 31 December 2012 526,631


As at the 31st December 2013 the company owned the following holdings:


Registered in England and Wales:

Bubblescope Limited 200 shares £24,030
OBS Medical Limited 32,272 shares £186,607
ACAL PLC 10,000 shares £34,077
VQ Communications Limited 5465 1p shares £64,387
Electra-net Holdings Limited 2% of issued shares £20,000
Push Technology Limited 14.6% of issued share £62,500
Lightsong 4% of issued shares £2,000
ISAT 105 shares £105,000
Push Technology Limited 10713 shares £28,030
Maloney 30189 'C' ord 10p shares £0
Push Technology Limited £5,100

During the year the company invested in Push Technology.

2013 2012
3 O to P ordinary shares of £1 each 3 3