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REGISTERED NUMBER: 08016869 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

FOR

SIMPLY HOMEMADE LIMITED

SIMPLY HOMEMADE LIMITED (REGISTERED NUMBER: 08016869)






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


SIMPLY HOMEMADE LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTORS: Z Sharif
Ms M U Sharif
R C MacFarlane





REGISTERED OFFICE: Cafe Tamra
63 Northcote Road
London
SW11 1NP





REGISTERED NUMBER: 08016869 (England and Wales)





ACCOUNTANTS: Blue Rocket Accounting
Accountants and Tax Advisers
8 Twisleton Court
Priory Hill
Dartford
Kent
DA1 2EN

SIMPLY HOMEMADE LIMITED (REGISTERED NUMBER: 08016869)

BALANCE SHEET
31 MARCH 2024

31/3/24 31/3/23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 23,766 40,102
Tangible assets 5 104,448 120,415
128,214 160,517

CURRENT ASSETS
Stocks 5,000 5,000
Debtors 6 208,506 2,408
Cash at bank and in hand 246,692 439,114
460,198 446,522
CREDITORS
Amounts falling due within one year 7 462,001 426,643
NET CURRENT (LIABILITIES)/ASSETS (1,803 ) 19,879
TOTAL ASSETS LESS CURRENT
LIABILITIES

126,411

180,396

CREDITORS
Amounts falling due after more than one
year

8

(13,091

)

(23,274

)

PROVISIONS FOR LIABILITIES - (19,494 )
NET ASSETS 113,320 137,628

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 113,220 137,528
113,320 137,628

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.

SIMPLY HOMEMADE LIMITED (REGISTERED NUMBER: 08016869)

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 29 October 2024 and were signed on its behalf by:





Z Sharif - Director


SIMPLY HOMEMADE LIMITED (REGISTERED NUMBER: 08016869)

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

1. STATUTORY INFORMATION

Simply Homemade Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. 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.

GOODWILL
Goodwill, being the amount paid in connection with the acquisition of a business in 0, is being amortised evenly over its estimated useful life of nil years.

INTANGIBLE ASSETS
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

TANGIBLE FIXED ASSETS
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Short leasehold - 10% on cost
Plant and machinery - 20% on reducing balance
Fixtures and fittings - 20% on reducing balance
Computer equipment - 25% on reducing balance

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

TAXATION
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

DEFERRED TAX
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.

SIMPLY HOMEMADE LIMITED (REGISTERED NUMBER: 08016869)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

2. ACCOUNTING POLICIES - continued

HIRE PURCHASE AND LEASING COMMITMENTS
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

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.

BORROWING COSTS
All borrowing costs are recognised in profit or loss in the year in which they are incurred.

GOING CONCERN
The director believes that preparing the financial statements on the going concern basis is appropriate due to continued financial support by the director.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 34 (2023 - 34 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2023
and 31 March 2024 163,359
AMORTISATION
At 1 April 2023 123,257
Charge for year 16,336
At 31 March 2024 139,593
NET BOOK VALUE
At 31 March 2024 23,766
At 31 March 2023 40,102

SIMPLY HOMEMADE LIMITED (REGISTERED NUMBER: 08016869)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

5. TANGIBLE FIXED ASSETS
Fixtures
Short Plant and and Computer
leasehold machinery fittings equipment Totals
£    £    £    £    £   
COST
At 1 April 2023 110,445 119,102 111,003 16,681 357,231
Additions - 2,900 3,264 3,708 9,872
At 31 March 2024 110,445 122,002 114,267 20,389 367,103
DEPRECIATION
At 1 April 2023 90,687 82,972 57,383 5,774 236,816
Charge for year 3,995 7,662 10,934 3,248 25,839
At 31 March 2024 94,682 90,634 68,317 9,022 262,655
NET BOOK VALUE
At 31 March 2024 15,763 31,368 45,950 11,367 104,448
At 31 March 2023 19,758 36,130 53,620 10,907 120,415

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/3/24 31/3/23
£    £   
Trade debtors 572 475
Amounts owed by associates 206,534 -
Other debtors 1,400 1,933
208,506 2,408

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/3/24 31/3/23
£    £   
Bank loans and overdrafts 10,183 9,932
Trade creditors 46,740 37,164
Taxation and social security 107,915 97,990
Other creditors 297,163 281,557
462,001 426,643

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31/3/24 31/3/23
£    £   
Bank loans 13,091 23,274