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
Simbuild Developments Ltd
Company Information
for the year ended 31 March 2024
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
Simbuild Developments Ltd
Statement of financial position
as at 31 March 2024
Tangible assets
225
122,776
Cash at bank and in hand
165,358
9,724
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)
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
Simbuild Developments Ltd
Notes to the Accounts
for the year ended 31 March 2024
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
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:
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
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
At 31 March 2024
-
-
225
225
At 31 March 2023
100,000
22,439
337
122,776
Simbuild Developments Ltd
Notes to the Accounts
for the year ended 31 March 2024
Amounts falling due within one year
Accrued income and prepayments
461
557
6
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
7,007
15,952
Taxes and social security
13,771
54
Loans from directors
87,515
140,388
7
Creditors: amounts falling due after more than one year
2024
2023
8
Average number of employees
During the year the average number of employees was 3 (2023: 3).