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REGISTERED NUMBER: 08095996 (England and Wales)















FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2023

FOR

SIMPLY SAMRA'S LIMITED

SIMPLY SAMRA'S LIMITED (REGISTERED NUMBER: 08095996)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


SIMPLY SAMRA'S LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JULY 2023







DIRECTORS: S Singh
Mrs K Kaur





REGISTERED OFFICE: Harpal House
14 Holyhead Road
Handsworth
Birmingham
West Midlands
B21 0LT





REGISTERED NUMBER: 08095996 (England and Wales)

SIMPLY SAMRA'S LIMITED (REGISTERED NUMBER: 08095996)

BALANCE SHEET
31 JULY 2023

31/7/23 31/7/22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 27,000 30,000
Tangible assets 5 866,745 847,615
893,745 877,615

CURRENT ASSETS
Stocks 6 93,854 82,367
Debtors 7 7,287 10,050
Cash at bank and in hand 786,465 397,157
887,606 489,574
CREDITORS
Amounts falling due within one year 8 1,413,816 1,265,550
NET CURRENT LIABILITIES (526,210 ) (775,976 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

367,535

101,639

CAPITAL AND RESERVES
Called up share capital 9 1,000 1,000
Retained earnings 10 366,535 100,639
SHAREHOLDERS' FUNDS 367,535 101,639

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2023 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.

SIMPLY SAMRA'S LIMITED (REGISTERED NUMBER: 08095996)

BALANCE SHEET - continued
31 JULY 2023


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 2 July 2024 and were signed on its behalf by:





S Singh - Director


SIMPLY SAMRA'S LIMITED (REGISTERED NUMBER: 08095996)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023

1. STATUTORY INFORMATION

Simply Samra's 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2012, is being amortised evenly over its estimated useful life of twenty years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - 2% on cost
Plant and machinery - 10% on reducing balance
Fixtures and fittings - 10% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 10% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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 balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

SIMPLY SAMRA'S LIMITED (REGISTERED NUMBER: 08095996)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2023

2. ACCOUNTING POLICIES - continued

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 13 (2022 - 17 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 August 2022
and 31 July 2023 60,000
AMORTISATION
At 1 August 2022 30,000
Amortisation for year 3,000
At 31 July 2023 33,000
NET BOOK VALUE
At 31 July 2023 27,000
At 31 July 2022 30,000

5. TANGIBLE FIXED ASSETS
Improvements
Freehold to Plant and
property property machinery
£    £    £   
COST
At 1 August 2022 789,756 8,135 23,567
Additions - - -
Disposals - - -
At 31 July 2023 789,756 8,135 23,567
DEPRECIATION
At 1 August 2022 - 1,627 14,559
Charge for year - 163 901
Eliminated on disposal - - -
At 31 July 2023 - 1,790 15,460
NET BOOK VALUE
At 31 July 2023 789,756 6,345 8,107
At 31 July 2022 789,756 6,508 9,008

SIMPLY SAMRA'S LIMITED (REGISTERED NUMBER: 08095996)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2023

5. TANGIBLE FIXED ASSETS - continued

Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1 August 2022 78,214 4,000 9,479 913,151
Additions 2,367 30,000 - 32,367
Disposals - (4,000 ) - (4,000 )
At 31 July 2023 80,581 30,000 9,479 941,518
DEPRECIATION
At 1 August 2022 42,410 3,775 3,165 65,536
Charge for year 3,817 7,500 631 13,012
Eliminated on disposal - (3,775 ) - (3,775 )
At 31 July 2023 46,227 7,500 3,796 74,773
NET BOOK VALUE
At 31 July 2023 34,354 22,500 5,683 866,745
At 31 July 2022 35,804 225 6,314 847,615

6. STOCKS
31/7/23 31/7/22
£    £   
Stocks 93,854 82,367

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/7/23 31/7/22
£    £   
VAT 3,794 3,480
Prepayments 3,493 6,570
7,287 10,050

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/7/23 31/7/22
£    £   
Trade creditors 30,491 38,037
Tax 127,340 42,681
Social security and other taxes (1,887 ) (95 )
Other creditors 1,221 702
NEST control account 1,014 -
Directors' current accounts 1,251,287 1,180,375
Accrued expenses 4,350 3,850
1,413,816 1,265,550

SIMPLY SAMRA'S LIMITED (REGISTERED NUMBER: 08095996)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2023

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31/7/23 31/7/22
value: £    £   
1,000 Ordinary £1 1,000 1,000

10. RESERVES
Retained
earnings
£   

At 1 August 2022 100,639
Profit for the year 335,745
Dividends (69,849 )
At 31 July 2023 366,535

11. RELATED PARTY DISCLOSURES

During the year, total dividends of £2,000 (2022 - £4,000) were paid to the directors .