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Company Registration No. SC561455 (Scotland)
Simplicity Marketing Scotland Ltd Unaudited accounts for the year ended 31 March 2024
Simplicity Marketing Scotland Ltd Unaudited accounts Contents
Page
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Simplicity Marketing Scotland Ltd Company Information for the year ended 31 March 2024
Directors
Michael Strachan Hannah Strachan
Secretary
Hannah Strachan
Company Number
SC561455 (Scotland)
Registered Office
Simplicity 43 East Port Dunfermline Fife KY12 7JE Scotland
Accountants
Peter Hall Finance & Accounting Solutions of Tillicoultry Clackmannanshire FK13 6DR
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Simplicity Marketing Scotland Ltd Statement of financial position as at 31 March 2024
2024 
2023 
Notes
£ 
£ 
Current assets
Debtors
128,984 
81,929 
Cash at bank and in hand
1,777 
19,836 
130,761 
101,765 
Creditors: amounts falling due within one year
(49,764)
(30,166)
Net current assets
80,997 
71,599 
Total assets less current liabilities
80,997 
71,599 
Creditors: amounts falling due after more than one year
(68,731)
(44,628)
Net assets
12,266 
26,971 
Capital and reserves
Called up share capital
100 
100 
Capital contribution reserve
21,682 
22,792 
Profit and loss account
(9,516)
4,079 
Shareholders' funds
12,266 
26,971 
For the year ending 31 March 2024 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 in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 21 August 2024 and were signed on its behalf by
Michael Strachan Director Company Registration No. SC561455
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Simplicity Marketing Scotland Ltd Notes to the Accounts for the year ended 31 March 2024
1
Statutory information
Simplicity Marketing Scotland Ltd is a private company, limited by shares, registered in Scotland, registration number SC561455. The registered office is Simplicity, 43 East Port, Dunfermline, Fife, KY12 7JE, Scotland.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods and services are recognised when goods and services have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Going concern
The financial statements have been prepared under the going concern basis which assumes the continuing support of the directors and short-term creditors. The directors are unaware of any reason why this support should not continue and is of the opinion that the company will continue to trade and pay its debts as they fall due.
4
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
128,984 
81,929 
5
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
7,105 
4,451 
Taxes and social security
17,620 
14,704 
Other creditors
9,259 
- 
Loans from directors
15,780 
11,011 
49,764 
30,166 
6
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
13,295 
19,916 
Other creditors
55,436 
24,712 
68,731 
44,628 
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Simplicity Marketing Scotland Ltd Notes to the Accounts for the year ended 31 March 2024
7
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
2 Ordinary shares of £50 each
100 
100 
8
Average number of employees
During the year the average number of employees was 13 (2023: 10).
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