2022-11-01 07398292 2023-10-31 07398292 2022-11-01 2023-10-31 07398292 2022-10-31 07398292 2021-11-01 2022-10-31 07398292 uk-core:WithinOneYear 2022-10-31 07398292 uk-core:WithinOneYear 2023-10-31 07398292 uk-core:AfterOneYear 2022-10-31 07398292 uk-core:AfterOneYear 2023-10-31 07398292 uk-core:ShareCapital 2023-10-31 07398292 uk-core:ShareCapital 2022-10-31 07398292 uk-core:RetainedEarningsAccumulatedLosses 2023-10-31 07398292 uk-core:RetainedEarningsAccumulatedLosses 2022-10-31 07398292 uk-bus:Director1 2022-11-01 2023-10-31 07398292 uk-core:PlantMachinery 2022-10-31 07398292 uk-core:Buildings 2022-10-31 07398292 uk-core:Buildings 2023-10-31 07398292 uk-core:PlantMachinery 2023-10-31 07398292 uk-core:PlantMachinery 2022-11-01 2023-10-31 07398292 uk-core:Buildings 2022-11-01 2023-10-31 07398292 uk-core:WithinOneYear 2023-10-31 07398292 uk-core:WithinOneYear 2022-10-31 iso4217:GBP xbrli:pure 07398292 uk-bus:AuditExemptWithAccountantsReport 2022-11-01 2023-10-31 07398292 uk-bus:FRS102 2022-11-01 2023-10-31 07398292 uk-bus:FilletedAccounts 2022-11-01 2023-10-31 07398292 uk-bus:PrivateLimitedCompanyLtd 2022-11-01 2023-10-31
Simply Generators Ltd
Registered Number:07398292
For the year ended 31 October 2023
England and Wales
Unaudited Financial Statements
2
For the year ended 31 October 2023
Simply Generators Ltd
Contents Page
1
Statement of Financial Position
2 to 3
Notes to the Financial Statements
3
Registered Number :
07398292
As at 31 October 2023
Simply Generators Ltd
Statement of Financial Position
£
£
2022
2023
Notes
Fixed assets
Property, plant and equipment
4,098
4,383
2
4,098
4,383
Current assets
Trade and other receivables
49,836
1,068
3
31
Cash and cash equivalents
10,100
11,168
49,867
Trade and other payables: amounts falling due within one
year
(117,236)
(69,596)
4
(67,369)
(58,428)
Net current liabilities
Total assets less current liabilities
(54,330)
(62,986)
Trade and other payables: amounts falling due after more
than one year
(218,015)
(221,015)
5
(275,345)
Net liabilities
(281,001)
Capital and reserves
Called up share capital
100
100
Retained earnings
(275,445)
(281,101)
(275,345)
(281,001)
Shareholders' funds
For the year ended 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 of its financial statements for the year ended 31 October 2023 in accordance with Section 476 of the Companies Act 2006
The director acknowledges his responsibilities for:a) ensuring that the company keeps proper 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 Section
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.
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
Mr John Mcmullan Director
These financial statements were approved and authorised for issue by the Board on 31 July 2024 and were signed by:
The notes form part of these financial statements
1 of 3
4
For the year ended 31 October 2023
Simply Generators Ltd
Notes to the Financial Statements
Statutory Information
Simply Generators Ltd is a private limited company, limited by shares, domiciled in England and Wales, registration
number 07398292.
Registered address:
5 Eddystone House
Eddystone Road
Cornwall
PL27 7AL
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial
Reporting Standard 102 ''The Financial Reporting Standard applicable in the UK and Republic of Ireland'' and the
Companies Act 2006. The financial statements have been prepared under the historical costs convention as
modified by the revaluation of certain assets.
Going Concern
The financial statements have been prepared on a going concern basis.
The total liabilities still remain to be exceeding total assets by £275,445 as at 31 October 2023, however the director
considers that the going concern basis is appropriate. The company is supported in meeting its day to day working
capital requirements by its shareholder, Mr John McMullan. Mr McMullan has confirmed that he shall not drawn down
balances due to him such that there will be an insufficiency of working capital in the company. In addition, should
there remain an excess of net liabilities, Mr McMullan will enable the company to continue to meet its obligations to
third parties ahead of himself. The director has again considered the cash flow and profit forecasts in excess of one
year forward and the strategies for restoring the company to profitability. On the basis of this and continued support
from its shareholder, the director is of the opinion that the company will be able to continue to operate as a going
concern, and therefore that this basis of preparation of the financial statements is appropriate.
2. Property, plant and equipment
Total
Plant and
Machinery
Land and
Buildings
£
£
£
Cost or
valuation
At 01 November 2022
22,640
19,396
3,244
At 31 October 2023
3,244
19,396
22,640
Provision for depreciation and impairment
At 01 November 2022
18,257
18,257
-
Charge for year
285
285
-
At 31 October 2023
18,542
18,542
-
At 31 October 2023
Net book value
3,244
854
4,098
At 31 October 2022
3,244
1,139
4,383
2 of 3
5
For the year ended 31 October 2023
Simply Generators Ltd
Notes to the Financial Statements Continued
3. Trade and other receivables
2022
2023
£
£
Trade debtors
-
49,836
Other debtors
1,068
-
49,836
1,068
4. Trade and other payables: amounts falling due within one year
2022
2023
£
£
Bank loans and overdraft
47,296
56,115
Taxation and social security
-
10,061
Other creditors
22,300
51,060
69,596
117,236
5. Trade and other payables: amounts falling due after more than one year
2022
2023
£
£
Other creditors
221,015
218,015
6. Average number of persons employed
During the year the average number of employees was 1 (2022 : 1)
3 of 3