Company Registration No. 11975571 (England and Wales)
Simply 4 Group Ltd
Unaudited accounts
for the year ended 31 May 2023
Simply 4 Group Ltd
Unaudited accounts
Contents
Simply 4 Group Ltd
Company Information
for the year ended 31 May 2023
Directors
Roger F Copeland
David Ojumu
Company Number
11975571 (England and Wales)
Registered Office
40 WILLOUGHBY ROAD
LONDON
N8 0JG
ENGLAND
Accountants
Tatar Brothers & Co Accountants
40 Willoughby Road
Hornsey
London
N8 0JG
Simply 4 Group Ltd
Statement of financial position
as at 31 May 2023
Tangible assets
69,689
69,139
Cash at bank and in hand
82,697
20,024
Creditors: amounts falling due within one year
(163,998)
(199,230)
Net current assets/(liabilities)
113,316
(5,262)
Total assets less current liabilities
183,005
63,877
Creditors: amounts falling due after more than one year
(10,406)
(15,938)
Called up share capital
100
100
Profit and loss account
172,499
47,839
Shareholders' funds
172,599
47,939
For the year ending 31 May 2023 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 directors acknowledge their 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 of Directors and authorised for issue on 19 April 2024 and were signed on its behalf by
Roger F Copeland
Director
Company Registration No. 11975571
Simply 4 Group Ltd
Notes to the Accounts
for the year ended 31 May 2023
Simply 4 Group Ltd is a private company, limited by shares, registered in England and Wales, registration number 11975571. The registered office is 40 WILLOUGHBY ROAD, LONDON, N8 0JG, ENGLAND.
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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
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:
Plant & machinery
15% reducing balance method
Motor vehicles
20% reducing balance method
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Simply 4 Group Ltd
Notes to the Accounts
for the year ended 31 May 2023
4
Tangible fixed assets
Land & buildings
Plant & machinery
Motor vehicles
Total
Cost or valuation
At cost
At cost
At cost
At 1 June 2022
50,000
2,678
21,867
74,545
At 31 May 2023
50,000
7,732
21,867
79,599
At 1 June 2022
-
1,033
4,373
5,406
Charge for the year
-
1,005
3,499
4,504
At 31 May 2023
-
2,038
7,872
9,910
At 31 May 2023
50,000
5,694
13,995
69,689
At 31 May 2022
50,000
1,645
17,494
69,139
Amounts falling due within one year
Trade debtors
88,631
71,667
Accrued income and prepayments
64,278
47,589
6
Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
5,532
5,532
Trade creditors
47,073
81,024
Taxes and social security
84,533
61,459
Loans from directors
24,860
47,371
7
Creditors: amounts falling due after more than one year
2023
2022
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
Simply 4 Group Ltd
Notes to the Accounts
for the year ended 31 May 2023
9
Average number of employees
During the year the average number of employees was 3 (2022: 4).