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COMPANY REGISTRATION NUMBER: 13432194
SIMPLY HEATIT LIMITED
FILLETED UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED
30 June 2023
SIMPLY HEATIT LIMITED
FINANCIAL STATEMENTS
YEAR ENDED 30 JUNE 2023
Contents
Page
Officers and professional advisers
1
Statement of financial position
2
Notes to the financial statements
4
SIMPLY HEATIT LIMITED
OFFICERS AND PROFESSIONAL ADVISERS
Director
Miss E Kondrashova
Registered office
Lynton House
7-12 Tavistock Square
London
England
WC1H9BQ
Accountants
TC BSG Valentine Limited
Accountants
Lynton House
7-12 Tavistock Square
London
WC1H 9BQ
SIMPLY HEATIT LIMITED
STATEMENT OF FINANCIAL POSITION
30 June 2023
2023
2022
Note
£
£
£
£
FIXED ASSETS
Tangible assets
5
5,773
7,698
CURRENT ASSETS
Debtors
6
1,901
Cash at bank and in hand
2,552
195
-------
----
4,453
195
CREDITORS: amounts falling due within one year
7
( 65,059)
( 27,081)
--------
--------
NET CURRENT LIABILITIES
( 60,606)
( 26,886)
--------
--------
TOTAL ASSETS LESS CURRENT LIABILITIES
( 54,833)
( 19,188)
--------
--------
NET LIABILITIES
( 54,833)
( 19,188)
--------
--------
CAPITAL AND RESERVES
Called up share capital
100
100
Profit and loss account
( 54,933)
( 19,288)
--------
--------
SHAREHOLDERS DEFICIT
( 54,833)
( 19,188)
--------
--------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
For the year ending 30 June 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 financial statements for the year in question in accordance with section 476 ;
- The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
SIMPLY HEATIT LIMITED
STATEMENT OF FINANCIAL POSITION (continued)
30 June 2023
These financial statements were approved by the board of directors and authorised for issue on 12 March 2024 , and are signed on behalf of the board by:
Miss E Kondrashova
Director
Company registration number: 13432194
SIMPLY HEATIT LIMITED
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 30 JUNE 2023
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Lynton House, 7-12 Tavistock Square, London, WC1H9BQ, England.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis. The financial statements are prepared in sterling, which is the functional currency of the entity. Foreign currencies Foreign currency transactions are initially recorded in the functional currency, by applying the spot exchange rate as at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the exchange rate ruling at the reporting date, with any gains or losses being taken to the profit and loss account. Tangible assets Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. Depreciation Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Equipment - 20% straight line
Impairment of fixed assets A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.
Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost. Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 1 (2022: 1 ).
5. Tangible assets
Equipment
£
Cost
At 1 July 2022 and 30 June 2023
9,622
-------
Depreciation
At 1 July 2022
1,924
Charge for the year
1,925
-------
At 30 June 2023
3,849
-------
Carrying amount
At 30 June 2023
5,773
-------
At 30 June 2022
7,698
-------
6. Debtors
2023
2022
£
£
Other debtors
1,901
-------
----
7. Creditors: amounts falling due within one year
2023
2022
£
£
Trade creditors
3,273
Other creditors
61,786
27,081
--------
--------
65,059
27,081
--------
--------