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REGISTERED NUMBER: 13853443 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD 17 JANUARY 2022 TO 31 JANUARY 2023

FOR

RURAL SIMPLICITY LIMITED

RURAL SIMPLICITY LIMITED (REGISTERED NUMBER: 13853443)






CONTENTS OF THE FINANCIAL STATEMENTS
for the period 17 January 2022 to 31 January 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


RURAL SIMPLICITY LIMITED

COMPANY INFORMATION
for the period 17 January 2022 to 31 January 2023







DIRECTOR: S M Whitehead





REGISTERED OFFICE: 1A Sydney Street
Brighton
East Sussex
BN1 4EN





REGISTERED NUMBER: 13853443 (England and Wales)





ACCOUNTANTS: Plus Accounting
Chartered Accountants
Preston Park House
South Road
Brighton
East Sussex
BN1 6SB

RURAL SIMPLICITY LIMITED (REGISTERED NUMBER: 13853443)

BALANCE SHEET
31 January 2023

Notes £   
FIXED ASSETS
Tangible assets 4 820

CURRENT ASSETS
Stocks 7,468
Debtors 5 2,554
Cash at bank 18,556
28,578
CREDITORS
Amounts falling due within one year 6 (19,032 )
NET CURRENT ASSETS 9,546
TOTAL ASSETS LESS CURRENT
LIABILITIES

10,366

PROVISIONS FOR LIABILITIES 7 (156 )
NET ASSETS 10,210

CAPITAL AND RESERVES
Called up share capital 8 1
Retained earnings 10,209
SHAREHOLDERS' FUNDS 10,210

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

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

The director acknowledges her 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.

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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 9 October 2023 and were signed by:



S M Whitehead - Director


RURAL SIMPLICITY LIMITED (REGISTERED NUMBER: 13853443)

NOTES TO THE FINANCIAL STATEMENTS
for the period 17 January 2022 to 31 January 2023

1. STATUTORY INFORMATION

Rural Simplicity Limited is a private company, limited by shares, registered in England and Wales. The company's registered number, registered office address and business address can be found on the Company Information page.

The presentational currency of the financial statements is the Pound Sterling (£).

2. 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 represents the fair value of consideration received or receivable net of VAT and trade discounts. Revenue from the sale of scandinavian/vintage retail goods is recognised at the point of sale.

Tangible fixed assets
Tangible fixed assets are stated at cost less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended by management.

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings - 33% on cost
Computer equipment - 33% on cost

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

Financial instruments
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.

Taxation
Taxation for the period comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the period end and that are expected to apply to the reversal of the timing difference.

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.

RURAL SIMPLICITY LIMITED (REGISTERED NUMBER: 13853443)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the period 17 January 2022 to 31 January 2023

2. ACCOUNTING POLICIES - continued

Impairment
At each balance sheet date, the company reviews the carrying amount of its assets to determine whether there is any indication that any items have suffered an impairment loss. If any such indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss, if any. Where it is not possible to estimate the recoverable amount of an asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

Going concern
The director has a reasonable expectation that the company has adequate resources to continue in existence for the foreseeable future. The company therefore continues to adopt the going concern basis in preparing its financial statements.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 6 .

4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
Additions 588 356 944
At 31 January 2023 588 356 944
DEPRECIATION
Charge for period 75 49 124
At 31 January 2023 75 49 124
NET BOOK VALUE
At 31 January 2023 513 307 820

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Other debtors 2,554

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Taxation and social security 2,256
Other creditors 16,776
19,032

7. PROVISIONS FOR LIABILITIES
£   
Deferred tax 156

RURAL SIMPLICITY LIMITED (REGISTERED NUMBER: 13853443)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the period 17 January 2022 to 31 January 2023

7. PROVISIONS FOR LIABILITIES - continued

Deferred
tax
£   
Accelerated Capital Allowances 156
Balance at 31 January 2023 156

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal
value: £   
1 Ordinary £1 1

1 Ordinary share of £1 was allotted and fully paid for cash at par during the period.