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Company Registration No. 04721488 (England and Wales)
SIMPLE SIMON DESIGN LIMITED Unaudited accounts for the year ended 31 March 2024
SIMPLE SIMON DESIGN LIMITED Unaudited accounts Contents
Page
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SIMPLE SIMON DESIGN LIMITED Company Information for the year ended 31 March 2024
Directors
S S Jones B Rolls
Secretary
B Rolls
Company Number
04721488 (England and Wales)
Registered Office
UNIT 5.10 PAINTWORKS BATH ROAD BRISTOL BS4 3EH
Accountants
FARQUHAR PARTNERSHIP LIMITED 151 WHITELADIES ROAD CLIFTON BRISTOL BS8 2RA
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SIMPLE SIMON DESIGN LIMITED Statement of financial position as at 31 March 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
173,802 
180,399 
Current assets
Debtors
156,849 
76,819 
Cash at bank and in hand
49,010 
28,951 
205,859 
105,770 
Creditors: amounts falling due within one year
(133,764)
(68,821)
Net current assets
72,095 
36,949 
Total assets less current liabilities
245,897 
217,348 
Creditors: amounts falling due after more than one year
(114,892)
(131,708)
Provisions for liabilities
Deferred tax
(1,466)
(1,825)
Net assets
129,539 
83,815 
Capital and reserves
Called up share capital
2 
2 
Capital redemption reserve
1 
1 
Profit and loss account
129,536 
83,812 
Shareholders' funds
129,539 
83,815 
For the year ending 31 March 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 23 October 2024 and were signed on its behalf by
B Rolls Director Company Registration No. 04721488
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SIMPLE SIMON DESIGN LIMITED Notes to the Accounts for the year ended 31 March 2024
1
Statutory information
SIMPLE SIMON DESIGN LIMITED is a private company, limited by shares, registered in England and Wales, registration number 04721488. The registered office is UNIT 5.10 PAINTWORKS, BATH ROAD, BRISTOL, BS4 3EH.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
straight line over the term of the lease
Fixtures & fittings
25% straight line
Computer equipment
25% straight line
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
Leased assets
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term. Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
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SIMPLE SIMON DESIGN LIMITED Notes to the Accounts for the year ended 31 March 2024
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
4
Tangible fixed assets
Land & buildings 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 April 2023
184,878 
13,346 
37,256 
235,480 
At 31 March 2024
184,878 
13,346 
37,256 
235,480 
Depreciation
At 1 April 2023
14,496 
13,346 
27,239 
55,081 
Charge for the year
2,899 
- 
3,698 
6,597 
At 31 March 2024
17,395 
13,346 
30,937 
61,678 
Net book value
At 31 March 2024
167,483 
- 
6,319 
173,802 
At 31 March 2023
170,382 
- 
10,017 
180,399 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
146,032 
68,014 
Accrued income and prepayments
10,817 
8,805 
156,849 
76,819 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
17,284 
17,715 
Trade creditors
11,557 
1,681 
Taxes and social security
77,145 
40,884 
Other creditors
1,551 
1,954 
Loans from directors
5,728 
4,512 
Accruals
20,499 
2,075 
133,764 
68,821 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
114,892 
131,708 
Aggregate of amounts that fall due for payment after five years
64,794 
71,381 
Bank borrowings are secured by a legal and general charge over the assets of the company.
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SIMPLE SIMON DESIGN LIMITED Notes to the Accounts for the year ended 31 March 2024
8
Deferred taxation
2024 
2023 
£ 
£ 
Accelerated capital allowances
1,580 
1,903 
Other deferred taxation
(114)
(78)
1,466 
1,825 
2024 
2023 
£ 
£ 
Provision at start of year
1,825 
2,856 
Credited to the profit and loss account
(359)
(1,031)
Provision at end of year
1,466 
1,825 
9
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
2 Ordinary shares of £1 each
2 
2 
10
Operating lease commitments
2024 
2023 
£ 
£ 
At 31 March 2024 the company had the following future minimum lease payments under non-cancellable operating leases for each of the following periods:
Not later than one year
2,810 
15,864 
Later than one year and not later than five years
800 
3,410 
Later than five years
195,000 
195,200 
198,610 
214,474 
11
Average number of employees
During the year the average number of employees was 8 (2023: 8).
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