2022-12-012023-11-302023-11-30false08273341SIMI & LOLA 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SIMI & LOLA LTD

Registered Number
08273341
(England and Wales)

Unaudited Financial Statements for the Year ended
30 November 2023

SIMI & LOLA LTD
Company Information
for the year from 1 December 2022 to 30 November 2023

Director

ADENUSI, Adeola

Registered Address

Excel House
3 Duke Street
Bedford
MK40 3HR

Registered Number

08273341 (England and Wales)
SIMI & LOLA LTD
Balance Sheet as at
30 November 2023

Notes

2023

2022

£

£

£

£

Fixed assets
Tangible assets3667834
667834
Current assets
Stocks41,8351,500
Cash at bank and on hand7,2431,739
9,0783,239
Creditors amounts falling due within one year5(1,165)(849)
Net current assets (liabilities)7,9132,390
Total assets less current liabilities8,5803,224
Creditors amounts falling due after one year6(26,496)(33,866)
Accruals and deferred income(900)(780)
Net assets(18,816)(31,422)
Capital and reserves
Called up share capital11
Profit and loss account(18,817)(31,423)
Shareholders' funds(18,816)(31,422)
The financial statements were approved and authorised for issue by the Director on 27 August 2024, and are signed on its behalf by:
ADENUSI, Adeola
Director
Registered Company No. 08273341
SIMI & LOLA LTD
Notes to the Financial Statements
for the year ended 30 November 2023

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
Revenue from sale of goods
Revenue from the sale of goods is recognised when the company has transferred to the buyer the significant risks and rewards of ownership of the goods, usually when goods are delivered and legal title has passed. Providing the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transition can be measured reliably.
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:

Reducing balance (%)
Office Equipment20
Stocks and work in progress
Stocks are valued at the lower of cost and estimated selling price (less any associated costs to enable such sales to complete).
2.Average number of employees

20232022
Average number of employees during the year00
3.Tangible fixed assets

Office Equipment

Total

££
Cost or valuation
At 01 December 226,1276,127
At 30 November 236,1276,127
Depreciation and impairment
At 01 December 225,2935,293
Charge for year167167
At 30 November 235,4605,460
Net book value
At 30 November 23667667
At 30 November 22834834
4.Stocks

2023

2022

££
Other stocks1,8351,500
Total1,8351,500
5.Creditors: amounts due within one year

2023

2022

££
Bank borrowings and overdrafts1,165849
Total1,165849
6.Creditors: amounts due after one year

2023

2022

££
Bank borrowings and overdrafts26,49633,866
Total26,49633,866