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REGISTERED NUMBER: 09963148 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 January 2024

for

Sima Asphalt Ltd

Sima Asphalt Ltd (Registered number: 09963148)






Contents of the Financial Statements
for the Year Ended 31 January 2024




Page

Balance Sheet 1

Notes to the Financial Statements 3


Sima Asphalt Ltd (Registered number: 09963148)

Balance Sheet
31 January 2024

31.1.24 31.1.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 2,489 2,042

CURRENT ASSETS
Stocks 63,590 118,830
Debtors 5 327,666 467,351
Cash at bank 41,472 265,751
432,728 851,932
CREDITORS
Amounts falling due within one
year

6

344,735

715,806
NET CURRENT ASSETS 87,993 136,126
TOTAL ASSETS LESS CURRENT
LIABILITIES

90,482

138,168

CREDITORS
Amounts falling due after more
than one year

7

(16,683

)

(26,583

)

PROVISIONS FOR LIABILITIES (473 ) (388 )
NET ASSETS 73,326 111,197

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 73,226 111,097
SHAREHOLDERS' FUNDS 73,326 111,197

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

Sima Asphalt Ltd (Registered number: 09963148)

Balance Sheet - continued
31 January 2024


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 director and authorised for issue on 6 March 2024 and were signed by:





M Hewstone - Director


Sima Asphalt Ltd (Registered number: 09963148)

Notes to the Financial Statements
for the Year Ended 31 January 2024

1. STATUTORY INFORMATION

Sima Asphalt Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 09963148

Registered office: 30 High Street
Leighton Buzzard
Bedfordshire
LU7 1EA

2. ACCOUNTING POLICIES

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

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

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 (2023 - 3 ) .

Sima Asphalt Ltd (Registered number: 09963148)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2024

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 February 2023 2,723
Additions 1,503
At 31 January 2024 4,226
DEPRECIATION
At 1 February 2023 681
Charge for year 1,056
At 31 January 2024 1,737
NET BOOK VALUE
At 31 January 2024 2,489
At 31 January 2023 2,042

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Trade debtors 327,666 467,351

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Bank loans and overdrafts 10,542 10,542
Trade creditors 179,242 386,613
Taxation and social security 147,043 312,236
Other creditors 7,908 6,415
344,735 715,806

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.1.24 31.1.23
£    £   
Bank loans 16,683 26,583