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REGISTERED NUMBER: 08294762 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 November 2023

for

Simeco Ltd

Simeco Ltd (Registered number: 08294762)






Contents of the Financial Statements
for the Year Ended 30 November 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Simeco Ltd

Company Information
for the Year Ended 30 November 2023







DIRECTORS: P Simmons
Mrs P Simmons





SECRETARY:





REGISTERED OFFICE: Market House
Church Street
Harleston
Norfolk
IP209BB





REGISTERED NUMBER: 08294762 (England and Wales)





ACCOUNTANTS: Calum Ward & Co Ltd
Market House
Church Street
Harleston
Norfolk
IP20 9BB

Simeco Ltd (Registered number: 08294762)

Balance Sheet
30 November 2023

30.11.23 30.11.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,190 1,817

CURRENT ASSETS
Debtors 5 2,217 380
Cash at bank 2,114 779
4,331 1,159
CREDITORS
Amounts falling due within one year 6 30,172 35,562
NET CURRENT LIABILITIES (25,841 ) (34,403 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(24,651

)

(32,586

)

PROVISIONS FOR LIABILITIES 226 345
NET LIABILITIES (24,877 ) (32,931 )

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 7 (24,977 ) (33,031 )
(24,877 ) (32,931 )

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 directors acknowledge their 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.

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 Board of Directors and authorised for issue on 30 August 2024 and were signed on its behalf by:



P Simmons - Director


Simeco Ltd (Registered number: 08294762)

Notes to the Financial Statements
for the Year Ended 30 November 2023

1. STATUTORY INFORMATION

Simeco Ltd 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.

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

Simeco Ltd (Registered number: 08294762)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2023

4. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 December 2022
and 30 November 2023 860 2,125 1,351 4,336
DEPRECIATION
At 1 December 2022 513 1,230 776 2,519
Charge for year 52 224 351 627
At 30 November 2023 565 1,454 1,127 3,146
NET BOOK VALUE
At 30 November 2023 295 671 224 1,190
At 30 November 2022 347 895 575 1,817

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.11.22
£    £   
Trade debtors 1,740 -
Prepayments 477 380
2,217 380

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.11.22
£    £   
Social security and other taxes (625 ) (14 )
Bank loan 4,000 5,500
Directors' loan accounts 25,236 27,912
Accrued expenses 1,561 2,164
30,172 35,562

7. RESERVES
Retained
earnings
£   

At 1 December 2022 (33,031 )
Profit for the year 8,054
At 30 November 2023 (24,977 )