Abbreviated Company Accounts - SYNAPTEC LTD

SC472060 SYNAPTEC LTD 2015-12-31 false 2015-01-01 2015-12-31 true SC472060 2015-01-01 2015-12-31 SC472060 2015-12-31 SC472060 2014-12-31 SC472060 uk-gaap-cd-bus:Director1 2015-01-01 2015-12-31 SC472060 uk-gaap-cd-bus:Director2 2015-01-01 2015-12-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-01-01 2015-12-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-12-31 uk-gaap-cd-bus:OrdinaryShareClass1 2014-12-31 iso4217:GBP shares

Registered Number SC472060

SYNAPTEC LTD

Abbreviated Accounts

31 December 2015

SYNAPTEC LTD Registered Number SC472060

Abbreviated Balance Sheet as at 31 December 2015

	Notes	2015	2014
		£	£
Current assets
Debtors		1,588	7,590
Cash at bank and in hand		109,778	7,903
		111,366	15,493
Creditors: amounts falling due within one year		(81,191)	(15,330)
Net current assets (liabilities)		30,175	163
Total assets less current liabilities		30,175	163
Total net assets (liabilities)		30,175	163
Capital and reserves
Called up share capital	2	128	103
Share premium account		29,974	-
Profit and loss account		73	60
Shareholders' funds		30,175	163

For the year ending 31 December 2015 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 9 August 2016

And signed on their behalf by:
Dr P Orr, Director

SYNAPTEC LTD Registered Number SC472060

Notes to the Abbreviated Accounts for the period ended 31 December 2015

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 January 2015.

Turnover policy
Turnover represents amounts receivable for goods and services net of VAT. The total turnover of the company for the year has been derived from its principal activities.

Other accounting policies
Taxation
The charge for taxation is based on the profit for the year and takes into account taxation deferred because of timing differences between the treatment of certain items for taxation and accounting purposes.
Deferred tax is recognised, without discounting, in respect of all timing differences between the treatment of certain items for taxation and accounting purposes which have arisen but not reversed by the balance sheet date, except as otherwise required by FRS 19.

2Called Up Share Capital
Allotted, called up and fully paid:

	2015 £	2014 £
128,205 Ordinary shares of £0.001 each (102,564 shares for 2014)	128	103

On 11 February 2015, there was an allotment of 25,641 Ordinary shares at £0.001 each, resulting in a share premium of £29,974.