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REGISTERED NUMBER: 04586124 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 NOVEMBER 2023

FOR

SIMON SWEET LIMITED

SIMON SWEET LIMITED (REGISTERED NUMBER: 04586124)






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


SIMON SWEET LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 NOVEMBER 2023







DIRECTOR: S J Sweet





REGISTERED OFFICE: 1 Harbour House
Harbour Way
Shoreham by Sea
West Sussex
BN43 5HZ





REGISTERED NUMBER: 04586124 (England and Wales)





ACCOUNTANTS: Peter Jarman LLP
trading as
Peter Jarman & Company
1 Harbour House
Harbour Way
Shoreham by Sea
West Sussex
BN43 5HZ

SIMON SWEET LIMITED (REGISTERED NUMBER: 04586124)

BALANCE SHEET
30 NOVEMBER 2023

2023 2022
Notes £    £   
FIXED ASSETS
Tangible assets 4 2,207 2,080

CURRENT ASSETS
Stocks - 5,950
Debtors 5 25,406 2,580
Cash at bank 5,287 19,955
30,693 28,485
CREDITORS
Amounts falling due within one year 6 (29,292 ) (28,652 )
NET CURRENT ASSETS/(LIABILITIES) 1,401 (167 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

3,608

1,913

CREDITORS
Amounts falling due after more than one
year

7

(10,391

)

(16,795

)

PROVISIONS FOR LIABILITIES 8 (419 ) (395 )
NET LIABILITIES (7,202 ) (15,277 )

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings (7,204 ) (15,279 )
SHAREHOLDERS' FUNDS (7,202 ) (15,277 )

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.

SIMON SWEET LIMITED (REGISTERED NUMBER: 04586124)

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 Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the director and authorised for issue on 29 August 2024 and were signed by:





S J Sweet - Director


SIMON SWEET LIMITED (REGISTERED NUMBER: 04586124)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023

1. STATUTORY INFORMATION

Simon Sweet 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 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.
Plant and machinery etc - 25% on reducing balance

Stocks
Work in Progress is valued at the lower of cost and net realisable value.

Cost includes all direct expenditure, an appropriate proportion of fixed and variable overhead, and an appropriate proportion of profit where profit is allocated across the whole project on a straight line basis.

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 (2022 - 1 ) .

SIMON SWEET LIMITED (REGISTERED NUMBER: 04586124)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2023

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 December 2022 22,207
Additions 874
Disposals (261 )
At 30 November 2023 22,820
DEPRECIATION
At 1 December 2022 20,127
Charge for year 497
Eliminated on disposal (11 )
At 30 November 2023 20,613
NET BOOK VALUE
At 30 November 2023 2,207
At 30 November 2022 2,080

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 13,020 2,580
Other debtors 12,386 -
25,406 2,580

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 7,106 7,706
Trade creditors 4,612 6,219
Taxation and social security 15,080 12,123
Other creditors 2,494 2,604
29,292 28,652

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 10,391 16,795

8. PROVISIONS FOR LIABILITIES
2023 2022
£    £   
Deferred tax 419 395

SIMON SWEET LIMITED (REGISTERED NUMBER: 04586124)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2023

8. PROVISIONS FOR LIABILITIES - continued

Deferred
tax
£   
Balance at 1 December 2022 395
Capital allowances in advance
of depreciation 24
Balance at 30 November 2023 419

9. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 November 2023 and 30 November 2022:

2023 2022
£    £   
S J Sweet
Balance outstanding at start of year - -
Amounts advanced 9,977 -
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 9,977 -