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Company Registration No. 10406193 (England and Wales)
Simon Newman Software Development Limited Unaudited accounts for the year ended 31 October 2023
Simon Newman Software Development Limited Unaudited accounts Contents
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Simon Newman Software Development Limited Company Information for the year ended 31 October 2023
Director
Mr Simon Newman
Company Number
10406193 (England and Wales)
Registered Office
318 Park Road Cowes Isle of Wight PO31 7NN United Kingdom
Accountants
Caryn March Accountants Limited 7 St Edmunds Walk Wootton Bridge Ryde Isle of Wight PO33 4JB
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Simon Newman Software Development Limited Statement of financial position as at 31 October 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
2,189 
1,787 
Current assets
Debtors
- 
327 
Cash at bank and in hand
69,350 
68,451 
69,350 
68,778 
Creditors: amounts falling due within one year
(17,553)
(21,738)
Net current assets
51,797 
47,040 
Net assets
53,986 
48,827 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
53,886 
48,727 
Shareholders' funds
53,986 
48,827 
For the year ending 31 October 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 director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
The members have agreed to the preparation of abridged accounts for the year in accordance with Section 444(2A).
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 29 July 2024 and were signed on its behalf by
Mr Simon Newman Director Company Registration No. 10406193
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Simon Newman Software Development Limited Notes to the Accounts for the year ended 31 October 2023
1
Statutory information
Simon Newman Software Development Limited is a private company, limited by shares, registered in England and Wales, registration number 10406193. The registered office is 318 Park Road, Cowes, Isle of Wight, PO31 7NN, United Kingdom.
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.
3
Accounting policies
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.
Basis of preparation
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 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:
Fixtures & fittings
25% on reducing balance
Computer equipment
33% on cost
Presentation currency
The accounts are presented in £ sterling.
4
Tangible fixed assets
Total 
£ 
Cost or valuation
At 1 November 2022
6,834 
Additions
2,380 
At 31 October 2023
9,214 
Depreciation
At 1 November 2022
5,047 
Charge for the year
1,978 
At 31 October 2023
7,025 
Net book value
At 31 October 2023
2,189 
At 31 October 2022
1,787 
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Simon Newman Software Development Limited Notes to the Accounts for the year ended 31 October 2023
5
Average number of employees
During the year the average number of employees was 1 (2022: 1).
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