2023-08-012024-07-312024-07-31false04844054SIMAT AERIALS 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SIMAT AERIALS LIMITED

Registered Number
04844054
(England and Wales)

Unaudited Financial Statements for the Year ended
31 July 2024

SIMAT AERIALS LIMITED
Company Information
for the year from 1 August 2023 to 31 July 2024

Director

MATTHEWS, Simon Barry

Company Secretary

MATTHEWS, Teresa Jayne

Registered Address

1 Amber Drive
Walgrave
Northampton
NN6 9RW

Registered Number

04844054 (England and Wales)
SIMAT AERIALS LIMITED
Balance Sheet as at
31 July 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Tangible assets411,1779,563
11,1779,563
Current assets
Stocks5500500
Debtors61,9822,226
Cash at bank and on hand45,86438,767
48,34641,493
Creditors amounts falling due within one year7(9,842)(7,941)
Net current assets (liabilities)38,50433,552
Total assets less current liabilities49,68143,115
Provisions for liabilities8(1,924)(1,817)
Net assets47,75741,298
Capital and reserves
Called up share capital200200
Profit and loss account47,55741,098
Shareholders' funds47,75741,298
The financial statements were approved and authorised for issue by the Director on 11 October 2024, and are signed on its behalf by:
MATTHEWS, Simon Barry
Director
Registered Company No. 04844054
SIMAT AERIALS LIMITED
Notes to the Financial Statements
for the year ended 31 July 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
Revenue from sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Deferred tax
Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Intangible assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:
Stocks and work in progress
Stocks are valued at the lower of cost and estimated selling price (less any associated costs to enable such sales to complete).
2.Average number of employees

20242023
Average number of employees during the year22
3.Intangible assets

Goodwill

Total

££
Cost or valuation
At 01 August 2320,00020,000
At 31 July 2420,00020,000
Amortisation and impairment
At 01 August 2320,00020,000
At 31 July 2420,00020,000
Net book value
At 31 July 24--
At 31 July 23--
4.Tangible fixed assets

Plant & machinery

Vehicles

Fixtures & fittings

Office Equipment

Total

£££££
Cost or valuation
At 01 August 2380017,0001,0962,27621,172
Additions2,9561,403-3134,672
At 31 July 243,75618,4031,0962,58925,844
Depreciation and impairment
At 01 August 238007,4371,0962,27611,609
Charge for year2962,741-213,058
At 31 July 241,09610,1781,0962,29714,667
Net book value
At 31 July 242,6608,225-29211,177
At 31 July 23-9,563--9,563
5.Stocks

2024

2023

££
Finished goods500500
Total500500
6.Debtors: amounts due within one year

2024

2023

££
Trade debtors / trade receivables7401,146
Other debtors-348
Prepayments and accrued income1,242732
Total1,9822,226
7.Creditors: amounts due within one year

2024

2023

££
Trade creditors / trade payables29409
Taxation and social security3,4283,967
Other creditors4,1651,779
Accrued liabilities and deferred income2,2201,786
Total9,8427,941
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
8.Provisions for liabilities

2024

2023

££
Net deferred tax liability (asset)1,9241,817
Total1,9241,817