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
Simon Newman Software Development Limited
Company Information
for the year ended 31 October 2023
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
Simon Newman Software Development Limited
Statement of financial position
as at 31 October 2023
Tangible assets
2,189
1,787
Cash at bank and in hand
69,350
68,451
Creditors: amounts falling due within one year
(17,553)
(21,738)
Net current assets
51,797
47,040
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
Simon Newman Software Development Limited
Notes to the Accounts
for the year ended 31 October 2023
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.
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.
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 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
The accounts are presented in £ sterling.
4
Tangible fixed assets
Total
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).