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Registered Number: 13763814
England and Wales

 

 

 

SIMREC LTD


Abridged Accounts
 


Period of accounts

Start date: 24 November 2021

End date: 30 November 2022
 
 
Notes
 
2022
£
Fixed assets    
Tangible fixed assets 3 553 
553 
Current assets    
Debtors 10,373 
Cash at bank and in hand 2 
10,375 
Creditors: amount falling due within one year (4,016)
Net current assets 6,359 
 
Total assets less current liabilities 6,912 
Provisions for liabilities (105)
Net assets 6,807 
 

Capital and reserves
   
Called up share capital 4 2 
Profit and loss account 6,805 
Shareholder's funds 6,807 
 


For the period ended 30 November 2022 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476.
  2. The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These financial statements 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 Part 15 of the Companies Act 2006. In accordance with Section 444 of the Companies Act 2006 the income statement has not been delivered to the Registrar of Companies.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with section 444(2A).
The financial statements were approved by the board of directors on 24 November 2023 and were signed on its behalf by:


-------------------------------
Dale Marc Quarmby
Director
-------------------------------
Jason Andrew Michael Gessey
Director
1
General Information
SIMREC LTD is a private company, limited by shares, registered in England and Wales, registration number 13763814, registration address 85 Great Portland Street, First Floor, , 85 Great Portland Street, First Floor,, London,, England, W1W 7LT.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
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 comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Foreign currencies
Monetary assets and liabilities denominated in foreign currencies are translated into sterling at the rate of exchange ruling at the statement of financial position date. Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. All foreign exchange differences are included to the income statement.
Taxation
Taxation represents the sum of tax currently payable and deferred tax. Tax is recognised in the statement of income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves.
The company’s liability for current tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Current and deferred tax assets and liabilities are not discounted
Deferred taxation
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the reporting date.
Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the reporting date 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.
Current and deferred tax assets and liabilities are not discounted.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Computer Equipment 30% Reducing Balance
Provisions
Provisions are recognised when the company has a present obligation as a result of a past event which it is more probable than not will result in an outflow of economic benefits that can be reasonably estimated.
2.

Average number of employees

Average number of employees during the period was 2.
3.

Tangible fixed assets

Cost or valuation Computer Equipment   Total
  £   £
At 24 November 2021  
Additions 790    790 
Disposals  
At 30 November 2022 790    790 
Depreciation
At 24 November 2021  
Charge for period 237    237 
On disposals  
At 30 November 2022 237    237 
Net book values
Closing balance as at 30 November 2022 553    553 
Opening balance as at 24 November 2021  


4.

Share Capital

Allotted, called up and fully paid
2022
£
2 Ordinary shares of £1.00 each

2