Registered number
09987360
Simon Basher Limited
Filleted Accounts
31 March 2023
Simon Basher Limited
Registered number: 09987360
Balance Sheet
as at 31 March 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 5,653 7,154
Current assets
Cash at bank and in hand 114,096 78,293
Creditors: amounts falling due within one year 4 (101,613) (60,980)
Net current assets 12,483 17,313
Net assets 18,136 24,467
Capital and reserves
Called up share capital 100 100
Profit and loss account 18,036 24,367
Shareholder's funds 18,136 24,467
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his 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.
S Coleman
Director
Approved by the board on 5 October 2023
Simon Basher Limited
Notes to the Accounts
for the year ended 31 March 2023
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 represents the amounts , net of value added tax and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery 25% reducing balance
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. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company - -
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 April 2022 17,293
Additions 383
At 31 March 2023 17,676
Depreciation
At 1 April 2022 10,139
Charge for the year 1,884
At 31 March 2023 12,023
Net book value
At 31 March 2023 5,653
At 31 March 2022 7,154
4 Creditors: amounts falling due within one year 2023 2022
£ £
Taxation and social security costs 9,600 8,643
Other creditors 92,013 52,337
101,613 60,980
5 Other information
Simon Basher Limited is a private company limited by shares and incorporated in England. Its registered office is:
Office 10, 76 Lincoln Road
High Wycombe
HP12 3RH
Simon Basher Limited 09987360 false 2022-04-01 2023-03-31 2023-03-31 VT Final Accounts October 2023 S Coleman No description of principal activity 09987360 2021-04-01 2022-03-31 09987360 core:WithinOneYear 2022-03-31 09987360 core:ShareCapital 2022-03-31 09987360 core:RetainedEarningsAccumulatedLosses 2022-03-31 09987360 2022-04-01 2023-03-31 09987360 bus:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31 09987360 bus:AuditExempt-NoAccountantsReport 2022-04-01 2023-03-31 09987360 bus:Director40 2022-04-01 2023-03-31 09987360 1 2022-04-01 2023-03-31 09987360 2 2022-04-01 2023-03-31 09987360 core:PlantMachinery 2022-04-01 2023-03-31 09987360 countries:England 2022-04-01 2023-03-31 09987360 bus:FRS102 2022-04-01 2023-03-31 09987360 bus:FullAccounts 2022-04-01 2023-03-31 09987360 2023-03-31 09987360 core:WithinOneYear 2023-03-31 09987360 core:ShareCapital 2023-03-31 09987360 core:RetainedEarningsAccumulatedLosses 2023-03-31 09987360 core:PlantMachinery 2023-03-31 09987360 2022-03-31 09987360 core:PlantMachinery 2022-03-31 iso4217:GBP xbrli:pure