Caseware UK (AP4) 2023.0.135 2023.0.135 2024-03-312024-03-31true4No description of principal activity4falsetrue2023-11-01The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false SC243624 2023-11-01 2024-03-31 SC243624 2022-11-01 2023-10-31 SC243624 2024-03-31 SC243624 2023-10-31 SC243624 c:CompanySecretary1 2023-11-01 2024-03-31 SC243624 c:Director1 2023-11-01 2024-03-31 SC243624 c:Director2 2023-11-01 2024-03-31 SC243624 c:Director3 2023-11-01 2024-03-31 SC243624 c:Director4 2023-11-01 2024-03-31 SC243624 c:RegisteredOffice 2023-11-01 2024-03-31 SC243624 d:CurrentFinancialInstruments 2024-03-31 SC243624 d:CurrentFinancialInstruments 2023-10-31 SC243624 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 SC243624 d:CurrentFinancialInstruments d:WithinOneYear 2023-10-31 SC243624 d:ShareCapital 2024-03-31 SC243624 d:ShareCapital 2023-10-31 SC243624 d:RetainedEarningsAccumulatedLosses 2024-03-31 SC243624 d:RetainedEarningsAccumulatedLosses 2023-10-31 SC243624 c:OrdinaryShareClass1 2023-11-01 2024-03-31 SC243624 c:OrdinaryShareClass1 2024-03-31 SC243624 c:OrdinaryShareClass1 2023-10-31 SC243624 c:FRS102 2023-11-01 2024-03-31 SC243624 c:AuditExempt-NoAccountantsReport 2023-11-01 2024-03-31 SC243624 c:FullAccounts 2023-11-01 2024-03-31 SC243624 c:PrivateLimitedCompanyLtd 2023-11-01 2024-03-31 SC243624 e:PoundSterling 2023-11-01 2024-03-31 xbrli:shares iso4217:GBP xbrli:pure
Registered number: SC243624










SIM FARMS LIMITED
FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2024

 
SIM FARMS LIMITED
 

COMPANY INFORMATION


DIRECTORS
A A Sim 
I R Sim 
A M Sim 
J A Sim 




COMPANY SECRETARY
I R Sim



REGISTERED NUMBER
SC243624



REGISTERED OFFICE
Westby
64 West High Street

Forfar

Angus

DD8 1BJ




ACCOUNTANTS
EQ Accountants Limited
Chartered Accountants

Westby

64 West High Street

Forfar

Angus

DD8 1BJ





 
SIM FARMS LIMITED
REGISTERED NUMBER: SC243624

STATEMENT OF FINANCIAL POSITION
AS AT 31 MARCH 2024

31 March
31 October
2024
2023
£
£

  

CURRENT ASSETS
  

Debtors: amounts falling due within one year
 4 
3,488,464
3,413,207

  
3,488,464
3,413,207

Creditors: amounts falling due within one year
 5 
(20,383)
(58,090)

NET CURRENT ASSETS
  
 
 
3,468,081
 
 
3,355,117

TOTAL ASSETS LESS CURRENT LIABILITIES
  
3,468,081
3,355,117

  

NET ASSETS
  
3,468,081
3,355,117


CAPITAL AND RESERVES
  

Called up share capital 
  
100
100

Profit and loss account
  
3,467,981
3,355,017

  
3,468,081
3,355,117


The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the period in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 20 September 2024.




A A Sim
Director

The notes on pages 2 to 3 form part of these financial statements.

Page 1

 
SIM FARMS LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2024

1.


GENERAL INFORMATION

Sim Farms Limited is a private company, limited by shares, incorporated in Scotland with registration number SC243624. The registered office is Westby, 64 West High Street, Forfar, Angus, DD8 1BJ.
The Company's functional and presentational currency is GBP.

2.ACCOUNTING POLICIES

 
2.1

BASIS OF PREPARATION OF FINANCIAL STATEMENTS

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

TURNOVER

Turnover is recognised to the extent that it is probable that the economic benefits will flow to the Company and the turnover can be reliably measured. Turnover is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before turnover is recognised:

Rendering of services

Turnover from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of turnover can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.3

TAXATION

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income.

 
2.4

DIVIDENDS

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

Page 2

 
SIM FARMS LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2024

3.


EMPLOYEES

The average monthly number of employees, including directors, during the period was 4 (2023 - 4).


4.


DEBTORS

31 March
31 October
2024
2023
£
£


Capital account value in related partnership
3,410,000
3,410,000

Current account value in related partnership
78,464
3,207

3,488,464
3,413,207



5.


CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31 March
31 October
2024
2023
£
£

Other creditors
20,383
58,090

20,383
58,090



6.


SHARE CAPITAL

31 March
31 October
2024
2023
£
£
ALLOTTED, CALLED UP AND FULLY PAID



100 (2023 - 100) Ordinary shares of £1.00 each
100
100



Page 3