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REGISTERED NUMBER: 05914925 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 August 2023

for

Simply Washrooms Ltd

Simply Washrooms Ltd (Registered number: 05914925)

Contents of the Financial Statements
for the Year Ended 31 August 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Simply Washrooms Ltd

Company Information
for the Year Ended 31 August 2023







DIRECTORS: Mr A Shelley
Mrs S Stocks
Mrs J Shelley
Mr J Shelley
Mr A J Shelley





REGISTERED OFFICE: HSA & Co
Lewis House
Great Chesterford Court
Great Chesterford
Essex
CB10 1PF





BUSINESS ADDRESS: Sudbury Ley
Stambourne Road
Little Sampford
Saffron Walden
Essex
CB10 2QS





REGISTERED NUMBER: 05914925 (England and Wales)

Simply Washrooms Ltd (Registered number: 05914925)

Balance Sheet
31 August 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 385,064 233,914

CURRENT ASSETS
Stocks 81,421 70,021
Debtors 6 536,448 492,481
Cash at bank 1,670,809 1,501,963
2,288,678 2,064,465
CREDITORS
Amounts falling due within one year 7 1,216,646 1,312,828
NET CURRENT ASSETS 1,072,032 751,637
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,457,096

985,551

CREDITORS
Amounts falling due after more than one
year

8

(102,815

)

(1,325

)

PROVISIONS FOR LIABILITIES (80,734 ) (41,955 )
NET ASSETS 1,273,547 942,271

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 1,273,447 942,171
SHAREHOLDERS' FUNDS 1,273,547 942,271

Simply Washrooms Ltd (Registered number: 05914925)

Balance Sheet - continued
31 August 2023


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

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

The directors acknowledge their 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 Board of Directors and authorised for issue on 4 March 2024 and were signed on its behalf by:




Mr A Shelley - Director Mr A J Shelley - Director




Mr J Shelley - Director Mrs S Stocks - Director




Mrs J Shelley - Director


Simply Washrooms Ltd (Registered number: 05914925)

Notes to the Financial Statements
for the Year Ended 31 August 2023


1. STATUTORY INFORMATION

Simply Washrooms Ltd 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.

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


2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

Turnover
Revenue excludes VAT and other similar sales-based taxes, rebates and discounts and represent the amounts receivable for services rendered and goods sold to third party customers. Non-contract based revenue represents the value of goods delivered or services performed. Contract based revenue represents the sales value of work carried out for customers during the period. Contract income is recognised in accounting periods on a straight line basis over the life of the contract.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Land and buildings - over the remaining life of the lease
Plant and machinery etc - 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.

Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instruments.

Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes, in effect, a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

Debt instruments are subsequently measured at amortised cost.

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.


Simply Washrooms Ltd (Registered number: 05914925)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2023


3. ACCOUNTING POLICIES - continued
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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 47 (2022 - 44 ) .

5. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 September 2022 7,931 590,409 598,340
Additions - 288,254 288,254
Disposals - (60,084 ) (60,084 )
At 31 August 2023 7,931 818,579 826,510
DEPRECIATION
At 1 September 2022 7,931 356,495 364,426
Charge for year - 128,360 128,360
Eliminated on disposal - (51,340 ) (51,340 )
At 31 August 2023 7,931 433,515 441,446
NET BOOK VALUE
At 31 August 2023 - 385,064 385,064
At 31 August 2022 - 233,914 233,914

Simply Washrooms Ltd (Registered number: 05914925)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2023


5. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£   
COST
At 1 September 2022 16,700
Additions 122,634
At 31 August 2023 139,334
DEPRECIATION
At 1 September 2022 7,306
Charge for year 33,008
At 31 August 2023 40,314
NET BOOK VALUE
At 31 August 2023 99,020
At 31 August 2022 9,394

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 533,929 483,629
Other debtors 2,519 8,852
536,448 492,481

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Hire purchase contracts 11,144 5,058
Trade creditors 183,537 115,234
Taxation and social security 388,445 279,880
Other creditors 633,520 912,656
1,216,646 1,312,828

Included within other creditors disclosed above is a balance of £627,510 (2022 - £891,827) in relation to deferred income, a balance of £2,890 (2022 - £4,107) in relation to the Directors' loan accounts, a balance of £910 (2022 - £9,689) in relation to accrued expenses and a balance of £2,210 (2022 - £7,033) in relation to other creditors.

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Hire purchase contracts 102,815 1,325