Silverfin false false 31/05/2024 01/06/2023 31/05/2024 Mr G B Lovegrove 14/05/2021 Mr A F Romam 14/05/2021 06 November 2024 The principal activity of the company during the financial year was construction of domestic buildings. 13395774 2024-05-31 13395774 bus:Director1 2024-05-31 13395774 bus:Director2 2024-05-31 13395774 2023-05-31 13395774 core:CurrentFinancialInstruments 2024-05-31 13395774 core:CurrentFinancialInstruments 2023-05-31 13395774 core:ShareCapital 2024-05-31 13395774 core:ShareCapital 2023-05-31 13395774 core:RetainedEarningsAccumulatedLosses 2024-05-31 13395774 core:RetainedEarningsAccumulatedLosses 2023-05-31 13395774 core:OfficeEquipment 2023-05-31 13395774 core:OfficeEquipment 2024-05-31 13395774 bus:OrdinaryShareClass1 2024-05-31 13395774 2023-06-01 2024-05-31 13395774 bus:FilletedAccounts 2023-06-01 2024-05-31 13395774 bus:SmallEntities 2023-06-01 2024-05-31 13395774 bus:AuditExemptWithAccountantsReport 2023-06-01 2024-05-31 13395774 bus:PrivateLimitedCompanyLtd 2023-06-01 2024-05-31 13395774 bus:Director1 2023-06-01 2024-05-31 13395774 bus:Director2 2023-06-01 2024-05-31 13395774 core:OfficeEquipment core:TopRangeValue 2023-06-01 2024-05-31 13395774 2022-06-01 2023-05-31 13395774 core:OfficeEquipment 2023-06-01 2024-05-31 13395774 bus:OrdinaryShareClass1 2023-06-01 2024-05-31 13395774 bus:OrdinaryShareClass1 2022-06-01 2023-05-31 iso4217:GBP xbrli:pure xbrli:shares

Company No: 13395774 (England and Wales)

SIMPLE SPACE BUILD LTD

Unaudited Financial Statements
For the financial year ended 31 May 2024
Pages for filing with the registrar

SIMPLE SPACE BUILD LTD

Unaudited Financial Statements

For the financial year ended 31 May 2024

Contents

SIMPLE SPACE BUILD LTD

COMPANY INFORMATION

For the financial year ended 31 May 2024
SIMPLE SPACE BUILD LTD

COMPANY INFORMATION (continued)

For the financial year ended 31 May 2024
DIRECTORS Mr G B Lovegrove
Mr A F Romam
SECRETARY Gillian Lovegrove
REGISTERED OFFICE 1a Grange Avenue
Rotherfield Peppard
Henley-On-Thames
RG9 5JP
England
United Kingdom
COMPANY NUMBER 13395774 (England and Wales)
CHARTERED ACCOUNTANTS Francis Clark LLP
Melville Building East
Royal William Yard
Plymouth
Devon PL1 3GW
SIMPLE SPACE BUILD LTD

BALANCE SHEET

As at 31 May 2024
SIMPLE SPACE BUILD LTD

BALANCE SHEET (continued)

As at 31 May 2024
Note 2024 2023
£ £
Fixed assets
Tangible assets 3 342 1,368
342 1,368
Current assets
Debtors 4 36,626 26,337
Cash at bank and in hand 6,033 4,541
42,659 30,878
Creditors: amounts falling due within one year 5 ( 5,233) ( 3,104)
Net current assets 37,426 27,774
Total assets less current liabilities 37,768 29,142
Provision for liabilities ( 86) ( 260)
Net assets 37,682 28,882
Capital and reserves
Called-up share capital 6 2 2
Profit and loss account 37,680 28,880
Total shareholders' funds 37,682 28,882

For the financial year ending 31 May 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The financial statements of Simple Space Build Ltd (registered number: 13395774) were approved and authorised for issue by the Board of Directors on 06 November 2024. They were signed on its behalf by:

Mr G B Lovegrove
Director
SIMPLE SPACE BUILD LTD

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 May 2024
SIMPLE SPACE BUILD LTD

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 May 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Simple Space Build Ltd (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is 1a Grange Avenue, Rotherfield Peppard, Henley-On-Thames, RG9 5JP, England, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Turnover

Turnover is stated net of VAT and trade discounts and is recognised when the significant risks and rewards are considered to have been transferred to the buyer. Turnover from the sale of goods is recognised when the goods are physically delivered to the customer. Revenue from services is recognised as they are delivered.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Deferred tax
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 financial statements. 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 tax rates and laws substantively enacted at the balance sheet date. Deferred tax assets and liabilities are not discounted.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Office equipment 3 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets receivable within one year, such as trade debtors and bank balances, are measured at transaction price less any impairment.

Basic financial assets receivable within more than one year are measured at amortised cost less any impairment.

Financial assets are derecognised when and only when the contractual rights to the cash flows from the financial asset expire or are settled, or the Company transfers to another party substantially all of the risks and rewards of ownership of the financial asset, or the Company, despite having retained some, but not all, significant risks and rewards of ownership, has transferred control of the asset to another party.

Basic financial liabilities
Basic financial liabilities that have no stated interest rate and are payable within one year, such as trade creditors, are measured at transaction price.

Other basic financial liabilities are measured at amortised cost.

Financial liabilities are derecognised when the company’s contractual obligations expire or are discharged or cancelled.

Provisions

Provisions are recognised when the Company has a present obligation (legal or constructive) as a result of a past event, it is probable that the Company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the Balance Sheet date, taking into account the risks and uncertainties surrounding the obligation. Where a provision is measured using the cash flows estimated to settle the present obligation, its carrying amount is the present value of those cash flows (when the effect of the time value of money is material).

When some or all of the economic benefits required to settle a provision are expected to be recovered from a third party, a receivable is recognised as an asset if it is virtually certain that reimbursement will be received and the amount of the receivable can be measured reliably.

2. Employees

2024 2023
Number Number
Monthly average number of persons employed by the Company during the year, including directors 0 0

3. Tangible assets

Office equipment Total
£ £
Cost
At 01 June 2023 3,078 3,078
At 31 May 2024 3,078 3,078
Accumulated depreciation
At 01 June 2023 1,710 1,710
Charge for the financial year 1,026 1,026
At 31 May 2024 2,736 2,736
Net book value
At 31 May 2024 342 342
At 31 May 2023 1,368 1,368

4. Debtors

2024 2023
£ £
Trade debtors 13,316 13,536
Amounts owed by directors 538 1
Accrued income 15,500 12,800
VAT recoverable 7,272 0
36,626 26,337

5. Creditors: amounts falling due within one year

2024 2023
£ £
Amounts owed to directors 0 58
Accruals 1,500 700
Taxation and social security 3,733 2,346
5,233 3,104

6. Called-up share capital

2024 2023
£ £
Allotted, called-up and fully-paid
2 Ordinary shares of £ 1.00 each 2 2

7. Related party transactions

Transactions with the entity's directors

2024 2023
£ £
Amounts owed by Directors 539 1