1 July 2022 false No description of principal activity Taxfiler 2023.14 04023621business:PrivateLimitedCompanyLtd2022-07-012023-06-30 040236212022-06-30 040236212022-07-012023-06-30 04023621business:AuditExempt-NoAccountantsReport2022-07-012023-06-30 04023621business:AbridgedAccounts2022-07-012023-06-30 040236212023-06-30 040236212022-06-30 04023621core:WithinOneYear2023-06-30 04023621core:WithinOneYear2022-06-30 04023621core:ShareCapitalcore:PreviouslyStatedAmount2023-06-30 04023621core:ShareCapitalcore:PreviouslyStatedAmount2022-06-30 04023621core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-06-30 04023621core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2022-06-30 04023621core:PreviouslyStatedAmount2023-06-30 04023621core:PreviouslyStatedAmount2022-06-30 04023621business:SmallEntities2022-07-012023-06-30 04023621business:Director12022-07-012023-06-30 04023621countries:EnglandWales2022-07-012023-06-30 04023621business:RegisteredOffice2022-07-012023-06-30 04023621core:PlantMachinery2022-07-012023-06-30 04023621core:MotorVehicles2022-07-012023-06-30 040236212021-07-012022-06-30 iso4217:GBP xbrli:pure
Company Registration No. 04023621 (England and Wales)
SIMPLY SIGNS LTD Unaudited accounts for the year ended 30 June 2023
SIMPLY SIGNS LTD Unaudited accounts Contents
Page
- 2 -
SIMPLY SIGNS LTD Statement of financial position as at 30 June 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
75,803 
102,503 
Current assets
Inventories
10,981 
10,981 
Debtors
65,122 
42,433 
Cash at bank and in hand
170,124 
179,865 
246,227 
233,279 
Creditors: amounts falling due within one year
(137,463)
(135,144)
Net current assets
108,764 
98,135 
Net assets
184,567 
200,638 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
184,467 
200,538 
Shareholders' funds
184,567 
200,638 
For the year ending 30 June 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.
The members have agreed to the preparation of abridged accounts for the year in accordance with Section 444(2A).
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 15 March 2024 and were signed on its behalf by
Keron Paul Kent Director Company Registration No. 04023621
- 3 -
SIMPLY SIGNS LTD Notes to the Accounts for the year ended 30 June 2023
1
Statutory information
SIMPLY SIGNS LTD is a private company, limited by shares, registered in England and Wales, registration number 04023621. The registered office is 311 NEASDEN LANE NORTH , LONDON, NW10 0AG, UK.
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
These financial statements for the year ended 30 June 2023 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 1 July 2021. The transition to FRS 102 Section 1A Small Entities has resulted in a small number of changes in accounting policies to those used previously. The nature of these changes and their impact on opening equity and profit for the comparative period are explained in the notes below.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
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:
Plant & machinery
5 years straightline
Motor vehicles
5 years straightline
4
Tangible fixed assets
Total 
£ 
Cost or valuation
At 1 July 2022
496,536 
Additions
2,019 
At 30 June 2023
498,555 
Depreciation
At 1 July 2022
394,033 
Charge for the year
28,719 
At 30 June 2023
422,752 
Net book value
At 30 June 2023
75,803 
At 30 June 2022
102,503 
- 4 -
SIMPLY SIGNS LTD Notes to the Accounts for the year ended 30 June 2023
5
Average number of employees
During the year the average number of employees was 7 (2022: 7).
- 5 -