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REGISTERED NUMBER: 06840333 (England and Wales)















Simon Jeffreys Ltd

Unaudited Financial Statements for the Year Ended 31 March 2024






Simon Jeffreys Ltd (Registered number: 06840333)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Balance Sheet 2 to 3

Notes to the Financial Statements 4 to 6


Simon Jeffreys Ltd

Company Information
for the Year Ended 31 March 2024







Directors: S Jeffreys
Mrs S M Jeffreys





Secretary: Mrs S M Jeffreys





Registered office: 5 Stow Hill
Sproxton
Melton Mowbray
Leicestershire
LE14 4QZ





Registered number: 06840333 (England and Wales)





Accountants: Rupert King & Company Limited
Stanton House
31 Westgate
Grantham
Lincolnshire
NG31 6LX

Simon Jeffreys Ltd (Registered number: 06840333)

Balance Sheet
31 March 2024

2024 2023
Notes £    £    £    £   
Fixed assets
Intangible assets 4 - -
Tangible assets 5 499 -
499 -

Current assets
Debtors 6 11,901 11,065
Cash at bank 45,722 49,887
57,623 60,952
Creditors
Amounts falling due within one year 7 43,598 44,810
Net current assets 14,025 16,142
Total assets less current liabilities 14,524 16,142

Capital and reserves
Called up share capital 8 10 10
Retained earnings 9 14,514 16,132
Shareholders' funds 14,524 16,142

Simon Jeffreys Ltd (Registered number: 06840333)

Balance Sheet - continued
31 March 2024


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 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 13 September 2024 and were signed on its behalf by:





S Jeffreys - Director


Simon Jeffreys Ltd (Registered number: 06840333)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. Statutory information

Simon Jeffreys 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.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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 - 25% on cost

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.

Simon Jeffreys Ltd (Registered number: 06840333)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

3. Employees and directors

The average number of employees during the year was 2 (2023 - 2 ) .

4. Intangible fixed assets
Goodwill
£   
Cost
At 1 April 2023
and 31 March 2024 68,283
Amortisation
At 1 April 2023
and 31 March 2024 68,283
Net book value
At 31 March 2024 -
At 31 March 2023 -

5. Tangible fixed assets
Plant and
machinery
£   
Cost
At 1 April 2023 3,995
Additions 666
At 31 March 2024 4,661
Depreciation
At 1 April 2023 3,995
Charge for year 167
At 31 March 2024 4,162
Net book value
At 31 March 2024 499
At 31 March 2023 -

6. Debtors: amounts falling due within one year
2024 2023
£    £   
Trade debtors 8,544 10,991
Other debtors 183 74
Prepayments 3,174 -
11,901 11,065

Simon Jeffreys Ltd (Registered number: 06840333)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

7. Creditors: amounts falling due within one year
2024 2023
£    £   
Corporation tax 5,368 5,123
VAT 3,018 4,375
Credit Card 1,193 1,033
Directors' current accounts 33,021 33,665
Accrued expenses 998 614
43,598 44,810

8. Called up share capital

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
10 Ordinary £1 10 10

9. Reserves
Retained
earnings
£   

At 1 April 2023 16,132
Profit for the year 23,382
Dividends (25,000 )
At 31 March 2024 14,514

10. Related party disclosures

During the year, total dividends of £25,000 were paid to the directors .

11. Ultimate controlling party

The controlling party is S Jeffreys.