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REGISTERED NUMBER: 04670385 (England and Wales)









SIMON UDAL DESIGN LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024






SIMON UDAL DESIGN LIMITED (REGISTERED NUMBER: 04670385)






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


SIMON UDAL DESIGN LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTOR: Mr S Udal





SECRETARY: Mrs S J Udal





REGISTERED OFFICE: Design Studio, Thatched Cottage
Blackhorse Lane
Shedfield
Southampton
Hampshire
SO32 2HT





REGISTERED NUMBER: 04670385 (England and Wales)





ACCOUNTANTS: Morris Crocker
Chartered Accountants
Station House
North Street
Havant
Hampshire
PO9 1QU

SIMON UDAL DESIGN LIMITED (REGISTERED NUMBER: 04670385)

BALANCE SHEET
31 MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 1,830 2,331
1,830 2,331

CURRENT ASSETS
Debtors 6 15,996 10,255
Cash at bank 23,310 27,493
39,306 37,748
CREDITORS
Amounts falling due within one year 7 15,162 10,525
NET CURRENT ASSETS 24,144 27,223
TOTAL ASSETS LESS CURRENT
LIABILITIES

25,974

29,554

PROVISIONS FOR LIABILITIES 8 348 443
NET ASSETS 25,626 29,111

CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings 25,526 29,011
SHAREHOLDERS' FUNDS 25,626 29,111

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 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.

SIMON UDAL DESIGN LIMITED (REGISTERED NUMBER: 04670385)

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 director and authorised for issue on 18 August 2024 and were signed by:





Mr S Udal - Director


SIMON UDAL DESIGN LIMITED (REGISTERED NUMBER: 04670385)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1. STATUTORY INFORMATION

Simon Udal Design 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 the provisions of Section 1A "Small Entities" 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 cost convention as modified by the revaluation of certain assets.

Turnover
Turnover represents net invoiced sales of goods and services relating to graphic design, excluding value added tax.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2003, is being amortised evenly over its estimated useful life of ten 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.
Fixtures and fittings - 15% on cost
Computer equipment - 25% on cost

Financial instruments
Debtors and cash at bank: Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due. Cash at bank and in hand includes cash on deposit or in a current account.

Creditors and provisions: Creditors and provisions are recognised where there is a present obligation resulting from a past event that will probably result in the transfer of economic benefits to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.

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.


SIMON UDAL DESIGN LIMITED (REGISTERED NUMBER: 04670385)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences at the balance sheet date, except as otherwise required in the paragraphs below.

Unrelieved 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.

Deferred tax shall not be recognised on permanent differences, other than a business combination where assets (other than goodwill) give rise to an deferred tax asset or liability.

3. EMPLOYEES AND DIRECTORS

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

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2023
and 31 March 2024 85,000
AMORTISATION
At 1 April 2023
and 31 March 2024 85,000
NET BOOK VALUE
At 31 March 2024 -
At 31 March 2023 -

5. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 April 2023 4,100 5,135 9,235
Additions - 559 559
Disposals - (307 ) (307 )
At 31 March 2024 4,100 5,387 9,487
DEPRECIATION
At 1 April 2023 3,829 3,075 6,904
Charge for year 140 837 977
Eliminated on disposal - (224 ) (224 )
At 31 March 2024 3,969 3,688 7,657
NET BOOK VALUE
At 31 March 2024 131 1,699 1,830
At 31 March 2023 271 2,060 2,331

SIMON UDAL DESIGN LIMITED (REGISTERED NUMBER: 04670385)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 15,996 7,596
Other debtors - 2,659
15,996 10,255

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 2,350 2,297
Taxation and social security 12,347 7,480
Other creditors 465 748
15,162 10,525

8. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 348 443

Deferred
tax
£   
Balance at 1 April 2023 443
Accelerated capital allowances (95 )
Balance at 31 March 2024 348

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary £1 100 100