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REGISTERED NUMBER: 10092086 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2024

for

Simmergy Ltd

Simmergy Ltd (Registered number: 10092086)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Simmergy Ltd

Company Information
for the Year Ended 31 March 2024







DIRECTORS: C Simmonds
Mrs A H Simmonds





REGISTERED OFFICE: 30 Gay Street
Bath
Somerset
BA1 2PA





REGISTERED NUMBER: 10092086 (England and Wales)





ACCOUNTANTS: Moore
Chartered Accountants
30 Gay Street
Bath
BA1 2PA

Simmergy Ltd (Registered number: 10092086)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 18,306 18,021
Investments 5 123,431 151,457
141,737 169,478

CURRENT ASSETS
Debtors 6 34,038 33,607
Cash at bank 36,088 42,381
70,126 75,988
CREDITORS
Amounts falling due within one year 7 2,418 5,257
NET CURRENT ASSETS 67,708 70,731
TOTAL ASSETS LESS CURRENT
LIABILITIES

209,445

240,209

PROVISIONS FOR LIABILITIES 999 803
NET ASSETS 208,446 239,406

CAPITAL AND RESERVES
Called up share capital 8 10 10
Retained earnings 208,436 239,396
SHAREHOLDERS' FUNDS 208,446 239,406

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

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

Simmergy Ltd (Registered number: 10092086)

Balance Sheet - continued
31 March 2024


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 1 August 2024 and were signed on its behalf by:





C Simmonds - Director


Simmergy Ltd (Registered number: 10092086)

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

1. STATUTORY INFORMATION

Simmergy Ltd 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.
Fixtures and fittings - 15% on reducing balance
Computer equipment - 33% on cost

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.

3. EMPLOYEES AND DIRECTORS

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

Simmergy Ltd (Registered number: 10092086)

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

4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 April 2023 24,991 13,635 38,626
Additions - 1,863 1,863
Disposals - (888 ) (888 )
At 31 March 2024 24,991 14,610 39,601
DEPRECIATION
At 1 April 2023 7,219 13,386 20,605
Charge for year 708 574 1,282
Eliminated on disposal - (592 ) (592 )
At 31 March 2024 7,927 13,368 21,295
NET BOOK VALUE
At 31 March 2024 17,064 1,242 18,306
At 31 March 2023 17,772 249 18,021

5. FIXED ASSET INVESTMENTS

Investments (neither listed nor unlisted) were as follows:
31.3.24 31.3.23
£    £   
Other fixed asset investments 123,431 151,457

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Other debtors 34,038 33,607

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Taxation and social security 391 3,442
Other creditors 2,027 1,815
2,418 5,257

Simmergy Ltd (Registered number: 10092086)

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

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.24 31.3.23
value: £    £   
10 Ordinary £1 10 10

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

Included within creditors is £78 (2023: £15) owed to the company by the directors, Mr C Simmonds and Mrs A H Simmonds. This loan is unsecured, interest free, and has no set date for repayment.

10. RELATED PARTY DISCLOSURES

Included in debtors is a loan of £33,816 (2023: £33,398) owed to the company by Mr O Simmonds, a son of the directors. This loan is unsecured and has no fixed repayment term. Interest is charged on the outstanding amount at a rate of 2.25% per annum.