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Company Registration No. 11279352 (England and Wales)
Simbuild Developments Ltd Unaudited accounts for the year ended 31 March 2024
Simbuild Developments Ltd Unaudited accounts Contents
Page
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Simbuild Developments Ltd Company Information for the year ended 31 March 2024
Director
Mr Simon Potkins
Company Number
11279352 (England and Wales)
Registered Office
75 MAIN STREET FARCET PETERBOROUGH PE7 3DF ENGLAND
Accountants
Acumo-Accountancy Ltd 61 Bridge Street Kington Cambridgeshire HR5 3DJ
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Simbuild Developments Ltd Statement of financial position as at 31 March 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
225 
122,776 
Current assets
Inventories
- 
13,313 
Debtors
690 
584 
Cash at bank and in hand
165,358 
9,724 
166,048 
23,621 
Creditors: amounts falling due within one year
(115,759)
(158,800)
Net current assets/(liabilities)
50,289 
(135,179)
Total assets less current liabilities
50,514 
(12,403)
Creditors: amounts falling due after more than one year
(9,493)
(7,148)
Net assets/(liabilities)
41,021 
(19,551)
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
40,921 
(19,651)
Shareholders' funds
41,021 
(19,551)
For the year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 8 August 2024 and were signed on its behalf by
Mr Simon Potkins Director Company Registration No. 11279352
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Simbuild Developments Ltd Notes to the Accounts for the year ended 31 March 2024
1
Statutory information
Simbuild Developments Ltd is a private company, limited by shares, registered in England and Wales, registration number 11279352. The registered office is 75 MAIN STREET, FARCET, PETERBOROUGH, PE7 3DF, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25%
Motor vehicles
25%
4
Tangible fixed assets
Land & buildings 
Motor vehicles 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 April 2023
100,000 
50,250 
873 
151,123 
Disposals
(100,000)
(50,250)
- 
(150,250)
At 31 March 2024
- 
- 
873 
873 
Depreciation
At 1 April 2023
- 
27,811 
536 
28,347 
Charge for the year
- 
(2,805)
112 
(2,693)
On disposals
- 
(25,006)
- 
(25,006)
At 31 March 2024
- 
- 
648 
648 
Net book value
At 31 March 2024
- 
- 
225 
225 
At 31 March 2023
100,000 
22,439 
337 
122,776 
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Simbuild Developments Ltd Notes to the Accounts for the year ended 31 March 2024
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
VAT
229 
27 
Accrued income and prepayments
461 
557 
690 
584 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
7,007 
15,952 
VAT
5,378 
1,310 
Trade creditors
3,136 
291 
Taxes and social security
13,771 
54 
Other creditors
(1,048)
- 
Loans from directors
87,515 
140,388 
Accruals
- 
805 
115,759 
158,800 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
9,493 
7,148 
8
Average number of employees
During the year the average number of employees was 3 (2023: 3).
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