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REGISTERED NUMBER: 08292185















Unaudited Financial Statements for the Year Ended 30 November 2023

for

Simple Servicing Works Limited

Simple Servicing Works Limited (Registered number: 08292185)






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


Simple Servicing Works Limited

Company Information
for the Year Ended 30 November 2023







DIRECTORS: Mr Abayomi Ayannusi
Mrs Margaret Mason





REGISTERED OFFICE: Ground Floor, Units 6 & 7
Eastway Business Village
Olivers Place, Fulwood
Preston
Lancashire
PR2 9WT





REGISTERED NUMBER: 08292185





ACCOUNTANTS: Mark Vickers Accountants Limited
Ground Floor
6&7 Eastway Business Village
Olivers Place
Preston
Lancashire
PR2 9WT

Simple Servicing Works Limited (Registered number: 08292185)

Balance Sheet
30 November 2023

30.11.23 30.11.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 41,264 12,979

CURRENT ASSETS
Stocks 5 1,550 1,400
Debtors 6 3,000 12,100
Cash at bank 35,766 51,039
40,316 64,539
CREDITORS
Amounts falling due within one year 7 54,363 47,937
NET CURRENT (LIABILITIES)/ASSETS (14,047 ) 16,602
TOTAL ASSETS LESS CURRENT
LIABILITIES

27,217

29,581

CREDITORS
Amounts falling due after more than one
year

8

23,050

-
NET ASSETS 4,167 29,581

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 4,165 29,579
4,167 29,581

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.

Simple Servicing Works Limited (Registered number: 08292185)

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 31 August 2024 and were signed on its behalf by:





Mr Abayomi Ayannusi - Director


Simple Servicing Works Limited (Registered number: 08292185)

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

1. STATUTORY INFORMATION

Simple Servicing Works Limited is a private company, limited by shares , registered in Not specified/Other. 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 - 15% on reducing balance
Motor vehicles - 25% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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 NIL (2022 - NIL).

Simple Servicing Works Limited (Registered number: 08292185)

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

4. TANGIBLE FIXED ASSETS
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 1 December 2022 1,336 28,820 30,156
Additions - 41,930 41,930
At 30 November 2023 1,336 70,750 72,086
DEPRECIATION
At 1 December 2022 515 16,662 17,177
Charge for year 123 13,522 13,645
At 30 November 2023 638 30,184 30,822
NET BOOK VALUE
At 30 November 2023 698 40,566 41,264
At 30 November 2022 821 12,158 12,979

5. STOCKS
30.11.23 30.11.22
£    £   
Stocks 1,550 1,400

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.11.22
£    £   
Trade debtors 3,000 12,100

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.11.22
£    £   
Hire purchase contracts 8,923 4,880
Trade creditors 12,729 8,017
Taxation and social security 8,384 13,156
Other creditors 24,327 21,884
54,363 47,937

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.11.23 30.11.22
£    £   
Hire purchase contracts 23,050 -