Simad Payroll Limited 08980897 false 2022-04-01 2023-03-31 2023-03-31 The principal activity of the company is provision of delivery services Digita Accounts Production Advanced 6.30.9574.0 true true 08980897 2022-04-01 2023-03-31 08980897 2023-03-31 08980897 bus:OrdinaryShareClass1 2023-03-31 08980897 bus:SmallEntities 2022-04-01 2023-03-31 08980897 bus:AuditExemptWithAccountantsReport 2022-04-01 2023-03-31 08980897 bus:FullAccounts 2022-04-01 2023-03-31 08980897 bus:SmallCompaniesRegimeForAccounts 2022-04-01 2023-03-31 08980897 bus:RegisteredOffice 2022-04-01 2023-03-31 08980897 bus:Director1 2022-04-01 2023-03-31 08980897 bus:OrdinaryShareClass1 2022-04-01 2023-03-31 08980897 bus:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31 08980897 countries:England 2022-04-01 2023-03-31 08980897 2021-04-01 2022-03-31 08980897 2022-03-31 08980897 bus:OrdinaryShareClass1 2022-03-31 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 08980897

Simad Payroll Limited

Unaudited Filleted Financial Statements

for the Year Ended 31 March 2023

 

Simad Payroll Limited

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 5

 

Simad Payroll Limited

Company Information

Director

Mr Simon John Eaton

Registered office

Silver Rose Unit 21 East Lodge Village
East Lodge Lane
Enfield
EN2 8AS

Accountants

Paul Winston Limited
Chartered Accountants
Silver Rose Unit 21
East Lodge Village
East Lodge Lane
Enfield
EN2 8AS

 

Simad Payroll Limited

(Registration number: 08980897)
Balance Sheet as at 31 March 2023

Note

2023
£

2022
£

Current assets

 

Cash at bank and in hand

 

100

100

capital and reserves

 

Called up share capital

4

100

100

Shareholders' funds

 

100

100

For the financial year ending 31 March 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 21 December 2023
 

.........................................
Mr Simon John Eaton
Director

 

Simad Payroll Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2023

1

General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
Silver Rose Unit 21 East Lodge Village
East Lodge Lane
Enfield
EN2 8AS
United Kingdom

These financial statements were authorised for issue by the director on 21 December 2023.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

 

Simad Payroll Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2023

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 104 (2022 - 104).

4

Share capital

Allotted, called up and fully paid shares

 

2023

2022

 

No.

£

No.

£

Ordinary of £1 each

100

100

100

100

         

5

Dividends

6

Related party transactions

 

Simad Payroll Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2023

Director's remuneration

The director's remuneration for the year was as follows:

2023
£

2022
£

Remuneration

11,856

9,409