Registered number
09617125
Simon Tov Ltd
Filleted Accounts
30 June 2023
Simon Tov Ltd
Registered number: 09617125
Balance Sheet
as at 30 June 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 1,153 126,314
Current assets
Debtors 4 50,075 16,169
Cash at bank and in hand - 6
50,075 16,175
Creditors: amounts falling due within one year 5 (4,747) (5,500)
Net current assets 45,328 10,675
Total assets less current liabilities 46,481 136,989
Creditors: amounts falling due after more than one year 6 (46,126) (137,623)
Net assets/(liabilities) 355 (634)
Capital and reserves
Called up share capital 1 1
Profit and loss account 354 (635)
Shareholder's funds 355 (634)
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
P Rosenfeld
Director
Approved by the board on 26 August 2024
Simon Tov Ltd
Notes to the Accounts
for the year ended 30 June 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Freehold buildings over 50 years
Leasehold land and buildings over the lease term
Plant and machinery over 5 years
Fixtures, fittings, tools and equipment over 5 years
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 1 1
3 Tangible fixed assets
Land and buildings Plant and machinery etc Total
£ £ £
Cost
At 1 July 2022 125,088 4,742 129,830
Disposals (125,088) - (125,088)
At 30 June 2023 - 4,742 4,742
Depreciation
At 1 July 2022 - 3,516 3,516
Charge for the year - 73 73
At 30 June 2023 - 3,589 3,589
Net book value
At 30 June 2023 - 1,153 1,153
At 30 June 2022 125,088 1,226 126,314
4 Debtors 2023 2022
£ £
Other debtors 50,075 16,169
5 Creditors: amounts falling due within one year 2023 2022
£ £
Bank loans and overdrafts 2 -
Amounts owed to group undertakings and undertakings in which the company has a participating interest 1,253 -
Other creditors 3,492 5,500
4,747 5,500
6 Creditors: amounts falling due after one year 2023 2022
£ £
Bank loans 46,126 137,623
7 Other information
Simon Tov Ltd is a private company limited by shares and incorporated in England. Its registered office is:
c/o B Olsberg
Room 9 Enterprise House
3 Middleton Rd
Manchester
M8 5DT
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