Acorah Software Products - Accounts Production 15.0.600 false true 28 February 2023 1 March 2022 false 1 March 2023 29 February 2024 29 February 2024 13195145 Mrs Diane Riley Mr Daniel Riley iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 13195145 2023-02-28 13195145 2024-02-29 13195145 2023-03-01 2024-02-29 13195145 frs-core:CurrentFinancialInstruments 2024-02-29 13195145 frs-core:PlantMachinery 2024-02-29 13195145 frs-core:PlantMachinery 2023-03-01 2024-02-29 13195145 frs-core:PlantMachinery 2023-02-28 13195145 frs-core:OtherReservesSubtotal 2024-02-29 13195145 frs-core:RevaluationReserve 2023-03-01 2024-02-29 13195145 frs-core:RevaluationReserve 2024-02-29 13195145 frs-core:ShareCapital 2024-02-29 13195145 frs-core:RetainedEarningsAccumulatedLosses 2024-02-29 13195145 frs-bus:PrivateLimitedCompanyLtd 2023-03-01 2024-02-29 13195145 frs-bus:FilletedAccounts 2023-03-01 2024-02-29 13195145 frs-bus:SmallEntities 2023-03-01 2024-02-29 13195145 frs-bus:AuditExempt-NoAccountantsReport 2023-03-01 2024-02-29 13195145 frs-bus:SmallCompaniesRegimeForAccounts 2023-03-01 2024-02-29 13195145 frs-bus:Director1 2023-03-01 2024-02-29 13195145 frs-bus:Director2 2023-03-01 2024-02-29 13195145 frs-countries:EnglandWales 2023-03-01 2024-02-29 13195145 2022-02-28 13195145 2023-02-28 13195145 2022-03-01 2023-02-28 13195145 frs-core:CurrentFinancialInstruments 2023-02-28 13195145 frs-core:OtherReservesSubtotal 2023-02-28 13195145 frs-core:RevaluationReserve 2023-02-28 13195145 frs-core:ShareCapital 2023-02-28 13195145 frs-core:RetainedEarningsAccumulatedLosses 2023-02-28
Registered number: 13195145
Simple Living Eco Ltd
Unaudited Financial Statements
For The Year Ended 29 February 2024
Branagans Accountancy Services Ltd
352 Herringthorpe Valley Rd
Rotherham
S60 4LA
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 13195145
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 2,985 33,360
2,985 33,360
CURRENT ASSETS
Stocks 5 80,970 75,546
Debtors 6 6,737 17,385
Cash at bank and in hand 9,059 14,522
96,766 107,453
Creditors: Amounts Falling Due Within One Year 7 (76,310 ) (68,006 )
NET CURRENT ASSETS (LIABILITIES) 20,456 39,447
TOTAL ASSETS LESS CURRENT LIABILITIES 23,441 72,807
NET ASSETS 23,441 72,807
CAPITAL AND RESERVES
Called up share capital 8 100,000 2
Revaluation reserve 9 16 -
Other reserves - 100,000
Profit and Loss Account (76,575 ) (27,195 )
SHAREHOLDERS' FUNDS 23,441 72,807
Page 1
Page 2
For the year ending 29 February 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
Mrs Diane Riley
Director
25/04/2024
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Simple Living Eco Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 13195145 . The registered office is Unit 12 Redbrook Business Park, Wilthorpe Road, Barnsley, S75 1JN.
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. 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
2.4. Stocks and Work in Progress
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 stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2023: 2)
2 2
4. Tangible Assets
Plant & Machinery
£
Cost
As at 1 March 2023 42,393
Additions 2,177
Disposals (40,788 )
As at 29 February 2024 3,782
Depreciation
As at 1 March 2023 9,033
Provided during the period 527
Disposals (8,763 )
As at 29 February 2024 797
Net Book Value
As at 29 February 2024 2,985
As at 1 March 2023 33,360
5. Stocks
2024 2023
£ £
Stock 80,970 75,546
Page 3
Page 4
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 1,206 11,291
Prepayments and accrued income 5,375 5,375
VAT 156 719
6,737 17,385
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 3,281 5,230
Bank loans and overdrafts 6,515 11,158
Other loans 10,734 -
Other taxes and social security 2,424 2,909
Other creditors 6,316 (3,872 )
Accruals and deferred income 14,993 14,993
Directors' loan accounts 74 5,615
Amounts owed to other participating interests 31,973 31,973
76,310 68,006
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100,000 2
9. Reserves
Revaluation Reserve
£
Transfer to profit and loss 16
As at 29 February 2024 16
Page 4