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REGISTERED NUMBER: 03643849 (England and Wales)















SIMTECH COMPUTER SYSTEMS LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2023






SIMTECH COMPUTER SYSTEMS LIMITED (REGISTERED NUMBER: 03643849)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


SIMTECH COMPUTER SYSTEMS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 OCTOBER 2023







DIRECTOR: Mr R W L Yates





REGISTERED OFFICE: 8 Lenham Gardens
Garlinge
Margate
Kent
CT9 5LT





REGISTERED NUMBER: 03643849 (England and Wales)





ACCOUNTANTS: Spurling Cannon
Chartered Certified Accountants
424 Margate Road
Westwood
Ramsgate
Kent
CT12 6SJ

SIMTECH COMPUTER SYSTEMS LIMITED (REGISTERED NUMBER: 03643849)

BALANCE SHEET
31 OCTOBER 2023

2023 2022
Notes £    £   
FIXED ASSETS
Tangible assets 4 6,134 8,003

CURRENT ASSETS
Stocks 1,557 3,402
Debtors 5 12,107 6,877
Cash at bank 16,031 15,691
29,695 25,970
CREDITORS
Amounts falling due within one year 6 (11,171 ) (11,322 )
NET CURRENT ASSETS 18,524 14,648
TOTAL ASSETS LESS CURRENT
LIABILITIES

24,658

22,651

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 24,656 22,649
SHAREHOLDERS' FUNDS 24,658 22,651

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

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

The director acknowledges his 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 18 January 2024 and were signed by:





Mr R W L Yates - Director


SIMTECH COMPUTER SYSTEMS LIMITED (REGISTERED NUMBER: 03643849)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023

1. STATUTORY INFORMATION

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

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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on reducing balance
Fixture & Fittings - 15% on reducing balance
Computer equipment - 25% on reducing balance

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

Taxation
Taxation for the year 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 year 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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2022 - 4 ) .

SIMTECH COMPUTER SYSTEMS LIMITED (REGISTERED NUMBER: 03643849)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2023

4. TANGIBLE FIXED ASSETS
Plant and Fixture & Computer
machinery Fittings equipment Totals
£    £    £    £   
COST
At 1 November 2022
and 31 October 2023 3,640 5,586 50,352 59,578
DEPRECIATION
At 1 November 2022 3,606 4,266 43,703 51,575
Charge for year 9 198 1,662 1,869
At 31 October 2023 3,615 4,464 45,365 53,444
NET BOOK VALUE
At 31 October 2023 25 1,122 4,987 6,134
At 31 October 2022 34 1,320 6,649 8,003

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 11,781 6,608
Prepayments 326 269
12,107 6,877

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 713 1,361
Trade creditors 345 615
Corporation Tax 1,879 2,205
Social security and other taxes 2,927 1,816
Sundry creditors - 2,000
Directors' current accounts 4,307 2,325
Accrued expenses 1,000 1,000
11,171 11,322