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REGISTERED NUMBER: 01360077















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

FOR

SIMON WEST INTERIORS LIMITED

SIMON WEST INTERIORS LIMITED (REGISTERED NUMBER: 01360077)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


SIMON WEST INTERIORS LIMITED

COMPANY INFORMATION
for the Year Ended 31 March 2024







DIRECTORS: N Seaman
D W Mahoney





REGISTERED OFFICE: Hendon Street
Hendon
Sunderland
Tyne & Wear





REGISTERED NUMBER: 01360077





ACCOUNTANTS: Robert Miller & Co.
Chartered Accountants
43a Front Street
Cleadon Village
Sunderland
SR6 7PG

SIMON WEST INTERIORS LIMITED (REGISTERED NUMBER: 01360077)

BALANCE SHEET
31 March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 3 245,786 231,841

CURRENT ASSETS
Stocks 24,444 18,033
Debtors 4 106,102 142,114
Cash at bank and in hand 586,787 518,457
717,333 678,604
CREDITORS
Amounts falling due within one
year

5

121,276

103,743
NET CURRENT ASSETS 596,057 574,861
TOTAL ASSETS LESS CURRENT
LIABILITIES

841,843

806,702

CREDITORS
Amounts falling due after more
than one year

6

(20,927

)

(30,805

)

PROVISIONS FOR LIABILITIES (19,035 ) (15,778 )
NET ASSETS 801,881 760,119

CAPITAL AND RESERVES
Called up share capital 668 668
Revaluation reserve 7 123,921 123,921
Capital redemption reserve 333 333
Retained earnings 676,959 635,197
SHAREHOLDERS' FUNDS 801,881 760,119

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 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.

SIMON WEST INTERIORS LIMITED (REGISTERED NUMBER: 01360077)

BALANCE SHEET - continued
31 March 2024


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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 2 September 2024 and were signed on its behalf by:





D W Mahoney - Director


SIMON WEST INTERIORS LIMITED (REGISTERED NUMBER: 01360077)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 March 2024

1. 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - 2% on cost
Plant and machinery - 10% on reducing balance
Motor vehicles - 25% on reducing balance
Office equipment - 10% on reducing balance

Stocks
Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

2. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 12 (2023 - 11 ) .

3. TANGIBLE FIXED ASSETS
Freehold Plant and Motor Office
property machinery vehicles equipment Totals
£    £    £    £    £   
COST
At 1 April 2023 200,000 101,918 62,394 15,049 379,361
Additions - 34,350 - 400 34,750
At 31 March 2024 200,000 136,268 62,394 15,449 414,111
DEPRECIATION
At 1 April 2023 51,200 63,404 23,567 9,349 147,520
Charge for year 3,200 7,286 9,707 612 20,805
At 31 March 2024 54,400 70,690 33,274 9,961 168,325
NET BOOK VALUE
At 31 March 2024 145,600 65,578 29,120 5,488 245,786
At 31 March 2023 148,800 38,514 38,827 5,700 231,841

SIMON WEST INTERIORS LIMITED (REGISTERED NUMBER: 01360077)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 March 2024

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 96,800 133,623
Other debtors 9,302 8,491
106,102 142,114

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 9,823 9,688
Trade creditors 23,030 21,775
Taxation and social security 50,587 31,467
Other creditors 37,836 40,813
121,276 103,743

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 20,927 30,805

7. RESERVES
Revaluation
reserve
£   
At 1 April 2023
and 31 March 2024 123,921