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Company Registration No. 11975571 (England and Wales)
Simply 4 Group Ltd Unaudited accounts for the year ended 31 May 2023
Simply 4 Group Ltd Unaudited accounts Contents
Page
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Simply 4 Group Ltd Company Information for the year ended 31 May 2023
Directors
Roger F Copeland David Ojumu
Company Number
11975571 (England and Wales)
Registered Office
40 WILLOUGHBY ROAD LONDON N8 0JG ENGLAND
Accountants
Tatar Brothers & Co Accountants 40 Willoughby Road Hornsey London N8 0JG
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Simply 4 Group Ltd Statement of financial position as at 31 May 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
69,689 
69,139 
Current assets
Inventories
41,610 
54,590 
Debtors
153,007 
119,354 
Cash at bank and in hand
82,697 
20,024 
277,314 
193,968 
Creditors: amounts falling due within one year
(163,998)
(199,230)
Net current assets/(liabilities)
113,316 
(5,262)
Total assets less current liabilities
183,005 
63,877 
Creditors: amounts falling due after more than one year
(10,406)
(15,938)
Net assets
172,599 
47,939 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
172,499 
47,839 
Shareholders' funds
172,599 
47,939 
For the year ending 31 May 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 19 April 2024 and were signed on its behalf by
Roger F Copeland Director Company Registration No. 11975571
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Simply 4 Group Ltd Notes to the Accounts for the year ended 31 May 2023
1
Statutory information
Simply 4 Group Ltd is a private company, limited by shares, registered in England and Wales, registration number 11975571. The registered office is 40 WILLOUGHBY ROAD, LONDON, N8 0JG, ENGLAND.
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 as modified by the revaluation of certain fixed assets.
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:
Plant & machinery
15% reducing balance method
Motor vehicles
20% reducing balance method
Financial instruments
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
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Simply 4 Group Ltd Notes to the Accounts for the year ended 31 May 2023
4
Tangible fixed assets
Land & buildings 
Plant & machinery 
Motor vehicles 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 June 2022
50,000 
2,678 
21,867 
74,545 
Additions
- 
5,054 
- 
5,054 
At 31 May 2023
50,000 
7,732 
21,867 
79,599 
Depreciation
At 1 June 2022
- 
1,033 
4,373 
5,406 
Charge for the year
- 
1,005 
3,499 
4,504 
At 31 May 2023
- 
2,038 
7,872 
9,910 
Net book value
At 31 May 2023
50,000 
5,694 
13,995 
69,689 
At 31 May 2022
50,000 
1,645 
17,494 
69,139 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
88,631 
71,667 
Accrued income and prepayments
64,278 
47,589 
Other debtors
98 
98 
153,007 
119,354 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
5,532 
5,532 
Trade creditors
47,073 
81,024 
Taxes and social security
84,533 
61,459 
Other creditors
- 
1,844 
Loans from directors
24,860 
47,371 
Accruals
2,000 
2,000 
163,998 
199,230 
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
10,406 
15,938 
8
Share capital
2023 
2022 
£ 
£ 
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100 
100 
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Simply 4 Group Ltd Notes to the Accounts for the year ended 31 May 2023
9
Average number of employees
During the year the average number of employees was 3 (2022: 4).
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