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Company Registration No. 04721488 (England and Wales)
SIMPLE SIMON DESIGN LIMITED Unaudited accounts for the year ended 31 March 2023
SIMPLE SIMON DESIGN LIMITED Unaudited accounts Contents
Page
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SIMPLE SIMON DESIGN LIMITED Company Information for the year ended 31 March 2023
Directors
S S Jones B Rolls
Secretary
B Rolls
Company Number
04721488 (England and Wales)
Registered Office
UNIT 5.10 PAINTWORKS BATH ROAD BRISTOL BS4 3EH
Accountants
FARQUHAR PARTNERSHIP LIMITED 151 WHITELADIES ROAD CLIFTON BRISTOL BS8 2RA
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SIMPLE SIMON DESIGN LIMITED Statement of financial position as at 31 March 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
180,399 
188,316 
Current assets
Debtors
76,819 
122,580 
Cash at bank and in hand
28,951 
68,423 
105,770 
191,003 
Creditors: amounts falling due within one year
(68,821)
(92,639)
Net current assets
36,949 
98,364 
Total assets less current liabilities
217,348 
286,680 
Creditors: amounts falling due after more than one year
(131,708)
(148,806)
Provisions for liabilities
Deferred tax
(1,825)
(2,856)
Net assets
83,815 
135,018 
Capital and reserves
Called up share capital
2 
2 
Capital redemption reserve
1 
1 
Profit and loss account
83,812 
135,015 
Shareholders' funds
83,815 
135,018 
For the year ending 31 March 2023 the company was entitled to exemption from audit 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 and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 10 November 2023 and were signed on its behalf by
B Rolls Director Company Registration No. 04721488
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SIMPLE SIMON DESIGN LIMITED Notes to the Accounts for the year ended 31 March 2023
1
Statutory information
SIMPLE SIMON DESIGN LIMITED is a private company, limited by shares, registered in England and Wales, registration number 04721488. The registered office is UNIT 5.10 PAINTWORKS, BATH ROAD, BRISTOL, BS4 3EH.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
straight line over the term of the lease
Fixtures & fittings
25% straight line
Computer equipment
25% straight line
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
Leased assets
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term. Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
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SIMPLE SIMON DESIGN LIMITED Notes to the Accounts for the year ended 31 March 2023
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Government grants
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss. Government grants in relation to covid assistance are credited to profit and loss using the accrual model and are included in Other operating income.
4
Tangible fixed assets
Land & buildings 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 April 2022
184,878 
13,346 
35,055 
233,279 
Additions
- 
- 
2,201 
2,201 
At 31 March 2023
184,878 
13,346 
37,256 
235,480 
Depreciation
At 1 April 2022
11,596 
11,357 
22,010 
44,963 
Charge for the year
2,900 
1,989 
5,229 
10,118 
At 31 March 2023
14,496 
13,346 
27,239 
55,081 
Net book value
At 31 March 2023
170,382 
- 
10,017 
180,399 
At 31 March 2022
173,282 
1,989 
13,045 
188,316 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
68,014 
113,953 
Accrued income and prepayments
8,805 
8,627 
76,819 
122,580 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
17,715 
17,938 
Trade creditors
1,681 
7,808 
Taxes and social security
40,884 
43,961 
Other creditors
1,954 
860 
Loans from directors
4,512 
19,634 
Accruals
2,075 
2,438 
68,821 
92,639 
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SIMPLE SIMON DESIGN LIMITED Notes to the Accounts for the year ended 31 March 2023
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
131,708 
148,806 
Aggregate of amounts that fall due for payment after five years
71,381 
81,288 
Bank borrowings are secured by a legal and general charge over the assets of the company.
8
Deferred taxation
2023 
2022 
£ 
£ 
Accelerated capital allowances
1,903 
2,856 
Other deferred taxation
(78)
- 
1,825 
2,856 
2023 
2022 
£ 
£ 
Provision at start of year
2,856 
1,831 
(Credited)/charged to the profit and loss account
(1,031)
1,025 
Provision at end of year
1,825 
2,856 
9
Share capital
2023 
2022 
£ 
£ 
Allotted, called up and fully paid:
2 Ordinary shares of £1 each
2 
2 
10
Operating lease commitments
2023 
2022 
£ 
£ 
At 31 March 2023 the company had the following future minimum lease payments under non-cancellable operating leases for each of the following periods:
Not later than one year
15,864 
15,864 
Later than one year and not later than five years
3,410 
19,074 
Later than five years
195,200 
195,400 
214,474 
230,338 
11
Average number of employees
During the year the average number of employees was 8 (2022: 8).
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