SIMON GILLESPIE LTD

Company Registration Number:
08176741 (England and Wales)

Unaudited abridged accounts for the year ended 31 December 2022

Period of accounts

Start date: 01 January 2022

End date: 31 December 2022

SIMON GILLESPIE LTD

Contents of the Financial Statements

for the Period Ended 31 December 2022

Balance sheet
Notes

SIMON GILLESPIE LTD

Balance sheet

As at 31 December 2022


Notes

2022

2021


£

£
Fixed assets
Tangible assets: 3 15,445 14,979
Total fixed assets: 15,445 14,979
Current assets
Stocks: 8,132 8,132
Debtors:   111,055 103,311
Cash at bank and in hand: 800,037 766,981
Investments: 4 146,068 146,068
Total current assets: 1,065,292 1,024,492
Creditors: amounts falling due within one year:   (169,476) (257,685)
Net current assets (liabilities): 895,816 766,807
Total assets less current liabilities: 911,261 781,786
Creditors: amounts falling due after more than one year: 5 (40,653) (46,759)
Provision for liabilities: (2,935) (2,846)
Total net assets (liabilities): 867,673 732,181
Capital and reserves
Called up share capital: 2 2
Revaluation reserve:6116,800116,800
Profit and loss account: 750,871 615,379
Shareholders funds: 867,673 732,181

The notes form part of these financial statements

SIMON GILLESPIE LTD

Balance sheet statements

For the year ending 31 December 2022 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.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 29 September 2023
and signed on behalf of the board by:

Name: Mr Simon Gillespie
Status: Director

The notes form part of these financial statements

SIMON GILLESPIE LTD

Notes to the Financial Statements

for the Period Ended 31 December 2022

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

SIMON GILLESPIE LTD

Notes to the Financial Statements

for the Period Ended 31 December 2022

2. Employees

2022 2021
Average number of employees during the period 10 11

SIMON GILLESPIE LTD

Notes to the Financial Statements

for the Period Ended 31 December 2022

3. Tangible Assets

Total
Cost £
At 01 January 2022 143,755
Additions 5,613
At 31 December 2022 149,368
Depreciation
At 01 January 2022 128,776
Charge for year 5,147
At 31 December 2022 133,923
Net book value
At 31 December 2022 15,445
At 31 December 2021 14,979

SIMON GILLESPIE LTD

Notes to the Financial Statements

for the Period Ended 31 December 2022

4. Current investments

Investment in fine art was revalued from the original acquisition cost of £18,200 to £135,000 in 2015 in line with then current market valuations of fine art. The company subsquently acquired £10,000 worth of paintings from Simon Gillespie, a director of the company.

SIMON GILLESPIE LTD

Notes to the Financial Statements

for the Period Ended 31 December 2022

5. Creditors: amounts falling due after more than one year note

Bank loans. In 2020 the company took out a UK Government guaranteed Covid Bounce Back Loan of £50,000 for 5 years at an interest rate of 2.5%. The outstanding balance is now £40,653 (2021: £46,759)

SIMON GILLESPIE LTD

Notes to the Financial Statements

for the Period Ended 31 December 2022

6. Revaluation reserve

2022
£
Balance at 01 January 2022 116,800
Surplus or deficit after revaluation 0
Balance at 31 December 2022 116,800

SIMON GILLESPIE LTD

Notes to the Financial Statements

for the Period Ended 31 December 2022

7. Loans to directors

Name of director receiving advance or credit: Mr Simon Gillespie
Description of the loan: Short term loan
£
Balance at 01 January 2022 0
Advances or credits made: 84,145
Advances or credits repaid: 84,145
Balance at 31 December 2022 0
Name of director receiving advance or credit: Ms Philippa Found
Description of the loan: Short term loan
£
Balance at 01 January 2022 0
Advances or credits made: 33,632
Advances or credits repaid: 33,632
Balance at 31 December 2022 0