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REGISTERED NUMBER: 01360077















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023

FOR

SIMON WEST INTERIORS LIMITED

SIMON WEST INTERIORS LIMITED (REGISTERED NUMBER: 01360077)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 March 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


SIMON WEST INTERIORS LIMITED

COMPANY INFORMATION
for the Year Ended 31 March 2023







DIRECTORS: N Seaman
D W Mahoney





REGISTERED OFFICE: Hendon Street
Hendon
Sunderland
Tyne & Wear





REGISTERED NUMBER: 01360077





ACCOUNTANTS: Robert Miller & Co.
Chartered Accountants
43a Front Street
Cleadon Village
Sunderland
SR6 7PG

SIMON WEST INTERIORS LIMITED (REGISTERED NUMBER: 01360077)

BALANCE SHEET
31 March 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 3 231,841 230,176

CURRENT ASSETS
Stocks 18,033 10,405
Debtors 4 142,114 183,667
Cash at bank and in hand 518,457 501,128
678,604 695,200
CREDITORS
Amounts falling due within one
year

5

103,743

129,353
NET CURRENT ASSETS 574,861 565,847
TOTAL ASSETS LESS CURRENT
LIABILITIES

806,702

796,023

CREDITORS
Amounts falling due after more
than one year

6

(30,805

)

(40,000

)

PROVISIONS FOR LIABILITIES (15,778 ) (14,853 )
NET ASSETS 760,119 741,170

CAPITAL AND RESERVES
Called up share capital 668 668
Revaluation reserve 7 123,921 123,921
Capital redemption reserve 333 333
Retained earnings 635,197 616,248
SHAREHOLDERS' FUNDS 760,119 741,170

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

SIMON WEST INTERIORS LIMITED (REGISTERED NUMBER: 01360077)

BALANCE SHEET - continued
31 March 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 12 September 2023 and were signed on its behalf by:





D W Mahoney - Director


SIMON WEST INTERIORS LIMITED (REGISTERED NUMBER: 01360077)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 March 2023

1. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" 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.
Freehold property - 2% on cost
Plant and machinery - 10% on reducing balance
Motor vehicles - 25% on reducing balance
Office equipment - 10% on reducing balance

Stocks
Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.

2. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 11 (2022 - 10 ) .

3. TANGIBLE FIXED ASSETS
Freehold Plant and Motor Office
property machinery vehicles equipment Totals
£    £    £    £    £   
COST
At 1 April 2022 200,000 101,918 65,898 14,944 382,760
Additions - - 24,735 105 24,840
Disposals - - (28,239 ) - (28,239 )
At 31 March 2023 200,000 101,918 62,394 15,049 379,361
DEPRECIATION
At 1 April 2022 48,000 59,125 36,743 8,716 152,584
Charge for year 3,200 4,279 12,942 633 21,054
Eliminated on disposal - - (26,118 ) - (26,118 )
At 31 March 2023 51,200 63,404 23,567 9,349 147,520
NET BOOK VALUE
At 31 March 2023 148,800 38,514 38,827 5,700 231,841
At 31 March 2022 152,000 42,793 29,155 6,228 230,176

SIMON WEST INTERIORS LIMITED (REGISTERED NUMBER: 01360077)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 March 2023

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 133,623 175,563
Other debtors 8,491 8,104
142,114 183,667

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 9,688 10,000
Trade creditors 21,775 50,754
Taxation and social security 31,467 33,824
Other creditors 40,813 34,775
103,743 129,353

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 30,805 40,000

7. RESERVES
Revaluation
reserve
£   
At 1 April 2022
and 31 March 2023 123,921