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
Simplicity Marketing Scotland Ltd
Company Information
for the year ended 31 March 2024
Directors
Michael Strachan
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
Simplicity Marketing Scotland Ltd
Statement of financial position
as at 31 March 2024
Cash at bank and in hand
1,777
19,836
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)
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
Simplicity Marketing Scotland Ltd
Notes to the Accounts
for the year ended 31 March 2024
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
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.
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.
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
Loans from directors
15,780
11,011
6
Creditors: amounts falling due after more than one year
2024
2023
Other creditors
55,436
24,712
Simplicity Marketing Scotland Ltd
Notes to the Accounts
for the year ended 31 March 2024
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).