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REGISTERED NUMBER: 11047220 (England and Wales)















Financial Statements for the Year Ended 30 November 2023

for

SIMVAS CONSTRUCTION LTD

SIMVAS CONSTRUCTION LTD (Registered number: 11047220)






Contents of the Financial Statements
for the Year Ended 30 November 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


SIMVAS CONSTRUCTION LTD

Company Information
for the Year Ended 30 November 2023







DIRECTOR: V Arabadzhiev





REGISTERED OFFICE: 1 Maybury Close
Loughton
Essex
IG10 3PF





REGISTERED NUMBER: 11047220 (England and Wales)





ACCOUNTANTS: Aggarwal & Co
Chartered Certified Accountants
471 Green Lane
Coventry
West Midlands
CV3 6EL

SIMVAS CONSTRUCTION LTD (Registered number: 11047220)

Balance Sheet
30 November 2023

30.11.23 30.11.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,049 -

CURRENT ASSETS
Debtors 5 4,500 2,250
Cash at bank and in hand 14,305 28,421
18,805 30,671
CREDITORS
Amounts falling due within one year 6 3,485 10,095
NET CURRENT ASSETS 15,320 20,576
TOTAL ASSETS LESS CURRENT
LIABILITIES

16,369

20,576

CREDITORS
Amounts falling due after more than one
year

7

28,634

37,987
NET LIABILITIES (12,265 ) (17,411 )

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 8 (12,266 ) (17,412 )
(12,265 ) (17,411 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

SIMVAS CONSTRUCTION LTD (Registered number: 11047220)

Balance Sheet - continued
30 November 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 director and authorised for issue on 2 August 2024 and were signed by:





V Arabadzhiev - Director


SIMVAS CONSTRUCTION LTD (Registered number: 11047220)

Notes to the Financial Statements
for the Year Ended 30 November 2023

1. STATUTORY INFORMATION

SIMVAS CONSTRUCTION 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, fittings & equipment - 25% on reducing balance

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 2 (2022 - 3 ) .

SIMVAS CONSTRUCTION LTD (Registered number: 11047220)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2023

4. TANGIBLE FIXED ASSETS
Fixtures,
fittings
& equipment
£   
COST
Additions 1,399
At 30 November 2023 1,399
DEPRECIATION
Charge for year 350
At 30 November 2023 350
NET BOOK VALUE
At 30 November 2023 1,049

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.11.22
£    £   
Trade debtors 4,500 2,250

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.11.22
£    £   
Other creditors 3,485 10,095

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.11.23 30.11.22
£    £   
Bank loans 28,634 37,987

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 28,634 37,987

8. RESERVES
Retained
earnings
£   

At 1 December 2022 (17,412 )
Profit for the year 5,146
At 30 November 2023 (12,266 )