Acorah Software Products - Accounts Production 15.0.600 false true 31 December 2022 1 January 2022 false 1 January 2023 31 December 2023 31 December 2023 06660072 Mr N Hunter Mr D Richardson Mr D Richardson iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 06660072 2022-12-31 06660072 2023-12-31 06660072 2023-01-01 2023-12-31 06660072 frs-core:CurrentFinancialInstruments 2023-12-31 06660072 frs-core:Non-currentFinancialInstruments 2023-12-31 06660072 frs-core:ComputerEquipment 2023-12-31 06660072 frs-core:ComputerEquipment 2023-01-01 2023-12-31 06660072 frs-core:ComputerEquipment 2022-12-31 06660072 frs-core:FurnitureFittings 2023-12-31 06660072 frs-core:FurnitureFittings 2023-01-01 2023-12-31 06660072 frs-core:FurnitureFittings 2022-12-31 06660072 frs-core:NetGoodwill 2023-12-31 06660072 frs-core:NetGoodwill 2023-01-01 2023-12-31 06660072 frs-core:NetGoodwill 2022-12-31 06660072 frs-core:MotorVehicles 2023-12-31 06660072 frs-core:MotorVehicles 2023-01-01 2023-12-31 06660072 frs-core:MotorVehicles 2022-12-31 06660072 frs-core:PlantMachinery 2023-12-31 06660072 frs-core:PlantMachinery 2023-01-01 2023-12-31 06660072 frs-core:PlantMachinery 2022-12-31 06660072 frs-core:ShareCapital 2023-12-31 06660072 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31 06660072 frs-bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 06660072 frs-bus:FilletedAccounts 2023-01-01 2023-12-31 06660072 frs-bus:SmallEntities 2023-01-01 2023-12-31 06660072 frs-bus:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 06660072 frs-bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 06660072 frs-bus:Director1 2023-01-01 2023-12-31 06660072 frs-bus:Director2 2023-01-01 2023-12-31 06660072 frs-bus:CompanySecretary1 2023-01-01 2023-12-31 06660072 frs-countries:EnglandWales 2023-01-01 2023-12-31 06660072 2021-12-31 06660072 2022-12-31 06660072 2022-01-01 2022-12-31 06660072 frs-core:CurrentFinancialInstruments 2022-12-31 06660072 frs-core:Non-currentFinancialInstruments 2022-12-31 06660072 frs-core:ShareCapital 2022-12-31 06660072 frs-core:RetainedEarningsAccumulatedLosses 2022-12-31
Registered number: 06660072
Simply Bespoke Interiors Limited
Unaudited Financial Statements
For The Year Ended 31 December 2023
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 06660072
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 5 12,411 14,851
12,411 14,851
CURRENT ASSETS
Debtors 6 19,730 57,976
Cash at bank and in hand 275,453 187,218
295,183 245,194
Creditors: Amounts Falling Due Within One Year 7 (67,224 ) (43,844 )
NET CURRENT ASSETS (LIABILITIES) 227,959 201,350
TOTAL ASSETS LESS CURRENT LIABILITIES 240,370 216,201
Creditors: Amounts Falling Due After More Than One Year 8 (5,788 ) (7,912 )
NET ASSETS 234,582 208,289
CAPITAL AND RESERVES
Called up share capital 9 100 100
Profit and Loss Account 234,482 208,189
SHAREHOLDERS' FUNDS 234,582 208,289
Page 1
Page 2
For the year ending 31 December 2023 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 directors acknowledge their 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr N Hunter
Director
Mr D Richardson
Director
24/09/2024
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Simply Bespoke Interiors Limited Registered number 06660072 is a limited by shares company incorporated in England & Wales. The Registered Office is Unit 60A, South Nelson Industrial Estate, Cramlington, Northumberland, NE23 1WF.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
2.3. Intangible Fixed Assets and Amortisation - Goodwill
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to profit and loss account over its estimated economic life.
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 15% Reducing Balance
Motor Vehicles 25% Reducing Balance
Fixtures & Fittings 20% Straight Line
Computer Equipment 33.3% Straight Line
2.5. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other year and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

2.6. Government Grant
Government grants are recognised in the profit and loss account in an appropriate manner that matches them with the expenditure towards which they are intended to contribute.
Grants for immediate financial support or to cover costs already incurred are recognised immediately in the profit and loss account. Grants towards general activities of the entity over a specific period are recognised in the profit and loss account over that period.
Grants towards fixed assets are recognised over the expected useful lives of the related assets and are treated as deferred income and released to the profit and loss account over the useful life of the asset concerned.
All grants in the profit and loss account are recognised when all conditions for receipt have been complied with.
3. Average Number of Employees
Average number of employees, including directors, during the year was:
2023 2022
Office and administration 2 3
Manufacturing 4 3
6 6
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4. Intangible Assets
Goodwill
£
Cost
As at 1 January 2023 18,000
As at 31 December 2023 18,000
Amortisation
As at 1 January 2023 18,000
As at 31 December 2023 18,000
Net Book Value
As at 31 December 2023 -
As at 1 January 2023 -
5. Tangible Assets
Plant & Machinery Motor Vehicles Fixtures & Fittings Computer Equipment Total
£ £ £ £ £
Cost
As at 1 January 2023 56,477 12,990 26,500 981 96,948
As at 31 December 2023 56,477 12,990 26,500 981 96,948
Depreciation
As at 1 January 2023 43,745 10,871 26,500 981 82,097
Provided during the period 1,910 530 - - 2,440
As at 31 December 2023 45,655 11,401 26,500 981 84,537
Net Book Value
As at 31 December 2023 10,822 1,589 - - 12,411
As at 1 January 2023 12,732 2,119 - - 14,851
6. Debtors
2023 2022
£ £
Due within one year
Trade debtors 9,864 52,306
Prepayments and accrued income 2,812 4,494
Amounts owed by other participating interests 7,054 1,176
19,730 57,976
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7. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Trade creditors 12,024 388
Corporation tax 29,809 20,152
Other taxes and social security 23,791 21,182
Other creditors - 522
Accruals and deferred income 1,600 1,600
67,224 43,844
8. Creditors: Amounts Falling Due After More Than One Year
2023 2022
£ £
Directors Loan Account - N Hunter. 2,910 5,030
Directors Loan Account - D Richardson. 2,878 2,882
5,788 7,912
9. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 100 100
Page 5