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REGISTERED NUMBER: 12632029 (England and Wales)















Financial Statements for the Year Ended 31 May 2024

for

Sim61 Limited

Sim61 Limited (Registered number: 12632029)






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




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


Sim61 Limited

Company Information
for the Year Ended 31 May 2024







DIRECTORS: S K Mansell
A Winter





REGISTERED OFFICE: 2nd Floor Office
Mulberry House
John Street
Stratford-Upon-Avon
CV32 6UB





REGISTERED NUMBER: 12632029 (England and Wales)





ACCOUNTANTS: Millward, May & Co
The Overhangs
55a Peach Street
Wokingham
Berkshire
RG40 1XP

Sim61 Limited (Registered number: 12632029)

Statement of Financial Position
31 May 2024

31.5.24 31.5.23
Notes £    £   
CURRENT ASSETS
Debtors 5 523 5,084
Cash at bank 35,472 21,041
35,995 26,125
CREDITORS
Amounts falling due within one year 6 6,365 6,374
NET CURRENT ASSETS 29,630 19,751
TOTAL ASSETS LESS CURRENT LIABILITIES 29,630 19,751

CAPITAL AND RESERVES
Called up share capital 7 1 1
Retained earnings 29,629 19,750
SHAREHOLDERS' FUNDS 29,630 19,751

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

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

The directors acknowledge their 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.

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 Board of Directors and authorised for issue on 25 July 2024 and were signed on its behalf by:





A Winter - Director


Sim61 Limited (Registered number: 12632029)

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

1. STATUTORY INFORMATION

Sim61 Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

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.

Computer equipment - 3 year straight line

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the statement of financial position date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

Sim61 Limited (Registered number: 12632029)

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

4. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
At 1 June 2023
and 31 May 2024 2,160
DEPRECIATION
At 1 June 2023
and 31 May 2024 2,160
NET BOOK VALUE
At 31 May 2024 -
At 31 May 2023 -

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Other debtors 523 5,084

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Taxation and social security 2,451 2,200
Other creditors 3,914 4,174
6,365 6,374

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.5.24 31.5.23
value: £    £   
100 Ordinary £0.01 1 1

Sim61 Limited (Registered number: 12632029)

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

8. RELATED PARTY DISCLOSURES

During the period, the company had transactions with a connected company, the companies are connected through the significant interest of the directors.

Transactions with two connected companies during the period totalled:

Telem61 Software Inc:
Purchases - £1,469
Intercompany Loan - £2,038

At the period end the company owed a balance of £2,038 (2023 - 221)

Project Inversion Limited:
Intercompany Loan - £91

At the period end the company was owed a balance of £91 (2023 - £5,052)



During the period, the directors maintained a loan account with the company. At the period end the company owed the directors £1,872 (2023 - £1,248). This loan is interest free, repayable on demand and shown within other creditors.