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REGISTERED NUMBER: 07246223 (England and Wales)















Simon Burwood Limited

Financial Statements for the Year Ended 31st May 2023






Simon Burwood Limited (Registered number: 07246223)

Contents of the Financial Statements
for the Year Ended 31st May 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Simon Burwood Limited

Company Information
for the Year Ended 31st May 2023







DIRECTORS: S L Burwood
R S Burwood





REGISTERED OFFICE: 2 Oriel Court
Omega Park
Alton
Hampshire
GU34 2YT





REGISTERED NUMBER: 07246223 (England and Wales)





ACCOUNTANTS: Sheen Stickland
Chartered Accountants
2 Oriel Court
Omega Park
Alton
Hampshire
GU34 2YT

Simon Burwood Limited (Registered number: 07246223)

Balance Sheet
31st May 2023

2023 2022
Notes £    £   
FIXED ASSETS
Intangible assets 4 - 6,000
Tangible assets 5 81,724 114,115
81,724 120,115

CURRENT ASSETS
Debtors 6 72,893 45,911
Cash at bank and in hand 135,125 85,843
208,018 131,754
CREDITORS
Amounts falling due within one year 7 (54,045 ) (43,472 )
NET CURRENT ASSETS 153,973 88,282
TOTAL ASSETS LESS CURRENT
LIABILITIES

235,697

208,397

PROVISIONS FOR LIABILITIES (11,925 ) (13,517 )
NET ASSETS 223,772 194,880

Simon Burwood Limited (Registered number: 07246223)

Balance Sheet - continued
31st May 2023

2023 2022
Notes £    £   
CAPITAL AND RESERVES
Called up share capital 9 10 10
Retained earnings 10 223,762 194,870
SHAREHOLDERS' FUNDS 223,772 194,880

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st May 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 15th January 2024 and were signed on its behalf by:





R S Burwood - Director


Simon Burwood Limited (Registered number: 07246223)

Notes to the Financial Statements
for the Year Ended 31st May 2023


1. STATEMENT OF COMPLIANCE

Simon Burwood Limited is a private company, limited by shares, incorporated in England and Wales. The address of the registered office is 2 Oriel Court, Omega Park, Alton, Hampshire, GU34 2YT. The registration number is 07246223.

The financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest pound.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2010, is being amortised evenly over its estimated useful life of ten years. The useful life is considered to be ten years as this is the time expected by the directors that the company will benefit from the purchase.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 20% on cost
Motor vehicles - 25% on reducing balance
Computer equipment - 20% on cost

Simon Burwood Limited (Registered number: 07246223)

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


2. ACCOUNTING POLICIES - continued

Financial instruments
Financial assets and financial liabilities are recognised when the company becomes party to the contractual provisions of the financial instrument.

Cash and cash equivalents
These comprise cash at bank.

Debtors
Debtors do not carry any interest and are stated at their nominal value. Appropriate allowances for estimated irrecoverable amounts are recognised in the Profit and Loss account when there is objective evidence that the asset is impaired.

Creditors
The only creditor balance that is interest bearing is in relation to the hire purchase loan agreement. All other creditors are non-interest bearing and stated at their nominal values.

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.

Simon Burwood Limited (Registered number: 07246223)

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


2. ACCOUNTING POLICIES - continued

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.

Payments made under operating leases are recognised in the profit and loss account 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2022 - 3 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1st June 2022
and 31st May 2023 15,000
AMORTISATION
At 1st June 2022 9,000
Charge for year 6,000
At 31st May 2023 15,000
NET BOOK VALUE
At 31st May 2023 -
At 31st May 2022 6,000

Simon Burwood Limited (Registered number: 07246223)

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


5. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1st June 2022 256,369 30,000 14,753 301,122
Additions 27,491 - - 27,491
Disposals (2,737 ) (30,000 ) - (32,737 )
At 31st May 2023 281,123 - 14,753 295,876
DEPRECIATION
At 1st June 2022 167,418 7,500 12,089 187,007
Charge for year 35,987 7,500 1,157 44,644
Eliminated on disposal (2,499 ) (15,000 ) - (17,499 )
At 31st May 2023 200,906 - 13,246 214,152
NET BOOK VALUE
At 31st May 2023 80,217 - 1,507 81,724
At 31st May 2022 88,951 22,500 2,664 114,115


6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 37,685 20,508
Other debtors 35,208 25,403
72,893 45,911

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 4,330 3,406
Tax 22,278 16,343
VAT 15,062 13,746
Other creditors 3,240 2,720
Directors' current accounts 6,515 4,870
Accrued expenses 2,620 2,387
54,045 43,472

Simon Burwood Limited (Registered number: 07246223)

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


8. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2023 2022
£    £   
Within one year 14,257 12,097
Between one and five years 45,010 57,705
59,267 69,802

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
10 Ordinary £1 10 10

10. RESERVES
Retained
earnings
£   

At 1st June 2022 194,870
Profit for the year 88,892
Dividends (60,000 )
At 31st May 2023 223,762