Company Registration No. 08834451 (England and Wales)
The Simplicity Project Limited
Unaudited accounts
for the year ended 31 January 2024
The Simplicity Project Limited
Unaudited accounts
Contents
The Simplicity Project Limited
Company Information
for the year ended 31 January 2024
Company Number
08834451 (England and Wales)
Registered Office
Rose Farm
Windlesham Road
Woking
Surrey
GU24 8SY
Accountants
Warwick McArdle
55 Ellerton Road
London
SW18 3NQ
The Simplicity Project Limited
Statement of financial position
as at 31 January 2024
Cash at bank and in hand
1,875
16,795
Creditors: amounts falling due within one year
(6,178)
(13,128)
Net current (liabilities)/assets
(1,410)
3,196
Total assets less current liabilities
(1,411)
3,459
Provisions for liabilities
Net (liabilities)/assets
(1,411)
3,409
Called up share capital
2
2
Profit and loss account
(1,413)
3,407
Shareholders' funds
(1,411)
3,409
For the year ending 31 January 2024 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 director acknowledges her 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 and authorised for issue on 8 March 2024 and were signed on its behalf by
Nicola Bird
Director
Company Registration No. 08834451
The Simplicity Project Limited
Notes to the Accounts
for the year ended 31 January 2024
The Simplicity Project Limited is a private company, limited by shares, registered in England and Wales, registration number 08834451. The registered office is Rose Farm, Windlesham Road, Woking, Surrey, GU24 8SY.
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
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:
Computer equipment
3 years straight line
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
The Simplicity Project Limited
Notes to the Accounts
for the year ended 31 January 2024
4
Tangible fixed assets
Computer equipment
Amounts falling due within one year
Accrued income and prepayments
2,750
-
6
Creditors: amounts falling due within one year
2024
2023
Taxes and social security
89
2,326
Loans from directors
2,000
8,750
Allotted, called up and fully paid:
1 Ordinary X shares of £1 each
1
1
1 Ordinary Y shares of £1 each
1
1
At the year end the director was owed by the company £2,000 (2023 £8,750).
9
Average number of employees
During the year the average number of employees was 0 (2023: 2).