Acorah Software Products - Accounts Production 15.0.600 false true 31 January 2023 1 February 2022 false 1 February 2023 31 January 2024 31 January 2024 05019351 Mr Simon Prescott Mrs Charlotte Prescott Mrs Charlotte Prescott iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 05019351 2023-01-31 05019351 2024-01-31 05019351 2023-02-01 2024-01-31 05019351 frs-core:CurrentFinancialInstruments 2024-01-31 05019351 frs-core:ComputerEquipment 2024-01-31 05019351 frs-core:ComputerEquipment 2023-02-01 2024-01-31 05019351 frs-core:ComputerEquipment 2023-01-31 05019351 frs-core:FurnitureFittings 2024-01-31 05019351 frs-core:FurnitureFittings 2023-02-01 2024-01-31 05019351 frs-core:FurnitureFittings 2023-01-31 05019351 frs-core:ShareCapital 2024-01-31 05019351 frs-core:RetainedEarningsAccumulatedLosses 2024-01-31 05019351 frs-bus:PrivateLimitedCompanyLtd 2023-02-01 2024-01-31 05019351 frs-bus:FilletedAccounts 2023-02-01 2024-01-31 05019351 frs-bus:SmallEntities 2023-02-01 2024-01-31 05019351 frs-bus:AuditExempt-NoAccountantsReport 2023-02-01 2024-01-31 05019351 frs-bus:SmallCompaniesRegimeForAccounts 2023-02-01 2024-01-31 05019351 frs-bus:Director1 2023-02-01 2024-01-31 05019351 frs-bus:Director1 2023-01-31 05019351 frs-bus:Director1 2024-01-31 05019351 frs-bus:Director2 2023-02-01 2024-01-31 05019351 frs-bus:CompanySecretary1 2023-02-01 2024-01-31 05019351 frs-countries:EnglandWales 2023-02-01 2024-01-31 05019351 2022-01-31 05019351 2023-01-31 05019351 2022-02-01 2023-01-31 05019351 frs-core:CurrentFinancialInstruments 2023-01-31 05019351 frs-core:ShareCapital 2023-01-31 05019351 frs-core:RetainedEarningsAccumulatedLosses 2023-01-31
Registered number: 05019351
Simonit Solutions Limited
Unaudited Financial Statements
For The Year Ended 31 January 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 05019351
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 9,665 10,396
9,665 10,396
CURRENT ASSETS
Debtors 5 19,977 24,379
Cash at bank and in hand 1 9,701
19,978 34,080
Creditors: Amounts Falling Due Within One Year 6 (38,741 ) (42,361 )
NET CURRENT ASSETS (LIABILITIES) (18,763 ) (8,281 )
TOTAL ASSETS LESS CURRENT LIABILITIES (9,098 ) 2,115
PROVISIONS FOR LIABILITIES
Deferred Taxation (1,836 ) (1,975 )
NET (LIABILITIES)/ASSETS (10,934 ) 140
CAPITAL AND RESERVES
Called up share capital 7 10 10
Profit and Loss Account (10,944 ) 130
SHAREHOLDERS' FUNDS (10,934) 140
Page 1
Page 2
For the year ending 31 January 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 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 Simon Prescott
Director
07/10/2024
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
Simonit Solutions Limited is a private company, limited by shares, incorporated in England & Wales, registered number 05019351 . The registered office is The Old Barn, Off Wood Street, Swanley Village, Kent, BR8 7PA.
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 is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. 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:
Fixtures & Fittings 15% - on reducing balance
Computer Equipment 15% - on reducing balance
2.4. 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 years 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.
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.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2023: 2)
2 2
Page 3
Page 4
4. Tangible Assets
Fixtures & Fittings Computer Equipment Total
£ £ £
Cost
As at 1 February 2023 5,536 20,872 26,408
Additions - 977 977
As at 31 January 2024 5,536 21,849 27,385
Depreciation
As at 1 February 2023 2,698 13,314 16,012
Provided during the period 427 1,281 1,708
As at 31 January 2024 3,125 14,595 17,720
Net Book Value
As at 31 January 2024 2,411 7,254 9,665
As at 1 February 2023 2,838 7,558 10,396
5. Debtors
2024 2023
£ £
Due within one year
Other debtors - 3,425
Directors' loan accounts 19,977 20,954
19,977 24,379
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Bank loans and overdrafts 13,943 -
Corporation tax 24,552 29,105
VAT - 12,672
Other creditors 246 584
38,741 42,361
7. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 10 10
Page 4
Page 5
8. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 February 2023 Amounts advanced Amounts repaid Amounts written off As at 31 January 2024
£ £ £ £ £
Mr Simon Prescott 20,955 - - - -
The above loan is unsecured, interest free and repayable on demand.
Page 5