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REGISTERED NUMBER: 10483825 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

SIMON CORNALL ASSOCIATES LTD

SIMON CORNALL ASSOCIATES LTD (REGISTERED NUMBER: 10483825)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


SIMON CORNALL ASSOCIATES LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTORS: S L Cornall
Mrs L M Cornall
R Cornall





REGISTERED OFFICE: Empress House
43a Binley Road
Coventry
West Midlands
CV3 1HU





REGISTERED NUMBER: 10483825 (England and Wales)





ACCOUNTANTS: Walker Thompson Ltd
Accountants and Registered Auditors
Empress House
43A Binley Road
Coventry
CV3 1HU

SIMON CORNALL ASSOCIATES LTD (REGISTERED NUMBER: 10483825)

BALANCE SHEET
31 DECEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 33,775 43,616

CURRENT ASSETS
Debtors 5 11,094 17,869
Cash at bank 31,554 40,701
42,648 58,570
CREDITORS
Amounts falling due within one year 6 13,500 15,035
NET CURRENT ASSETS 29,148 43,535
TOTAL ASSETS LESS CURRENT
LIABILITIES

62,923

87,151

CAPITAL AND RESERVES
Called up share capital 7 2 2
Retained earnings 8 62,921 87,149
SHAREHOLDERS' FUNDS 62,923 87,151

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 12 September 2024 and were signed on its behalf by:





S L Cornall - Director


SIMON CORNALL ASSOCIATES LTD (REGISTERED NUMBER: 10483825)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1. STATUTORY INFORMATION

Simon Cornall Associates 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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. turnover is recognised int eh accounting period in which goods are supplied to customers.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Office equipment - 33%
Motor Vehicles - 25%

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 4 (2022 - 3 ) .

SIMON CORNALL ASSOCIATES LTD (REGISTERED NUMBER: 10483825)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023

4. TANGIBLE FIXED ASSETS
Motor Office
vehicles equipment Totals
£    £    £   
COST
At 1 January 2023 60,385 738 61,123
Additions - 1,798 1,798
Disposals - (419 ) (419 )
At 31 December 2023 60,385 2,117 62,502
DEPRECIATION
At 1 January 2023 17,068 439 17,507
Charge for year 10,829 810 11,639
Eliminated on disposal - (419 ) (419 )
At 31 December 2023 27,897 830 28,727
NET BOOK VALUE
At 31 December 2023 32,488 1,287 33,775
At 31 December 2022 43,317 299 43,616

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 10,314 13,280
VAT recoverable 780 4,589
11,094 17,869

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors - 1,242
Tax 11,962 12,420
Directors' loan 456 293
Accrued expenses 1,082 1,080
13,500 15,035

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
10 Ordinary A 10p 1 1
10 Ordinary B 10p 1 1
2 2

SIMON CORNALL ASSOCIATES LTD (REGISTERED NUMBER: 10483825)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023

8. RESERVES
Retained
earnings
£   

At 1 January 2023 87,149
Profit for the year 37,772
Dividends (62,000 )
At 31 December 2023 62,921