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Company Registration No. 11329917 (England and Wales)
Simpaul Designs Ltd Unaudited accounts for the year ended 30 April 2024
Simpaul Designs Ltd Unaudited accounts Contents
Page
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Simpaul Designs Ltd Company Information for the year ended 30 April 2024
Director
Simon Wood
Company Number
11329917 (England and Wales)
Registered Office
28 ST DUNSTANS STREET CANTERBURY CT2 8BZ ENGLAND
Accountants
Julie Thatcher Bookkeeping & Accountancy 88 Herne Bay Road Whitstable Kent CT5 2LX
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Simpaul Designs Ltd Statement of financial position as at 30 April 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
59,207 
62,299 
Current assets
Inventories
77,500 
56,500 
Debtors
20,216 
12,785 
Cash at bank and in hand
4,713 
21,118 
102,429 
90,403 
Creditors: amounts falling due within one year
(125,790)
(82,545)
Net current (liabilities)/assets
(23,361)
7,858 
Total assets less current liabilities
35,846 
70,157 
Creditors: amounts falling due after more than one year
(35,370)
(70,069)
Net assets
476 
88 
Capital and reserves
Called up share capital
2 
2 
Revaluation reserve
4,579 
4,579 
Profit and loss account
(4,105)
(4,493)
Shareholders' funds
476 
88 
For the year ending 30 April 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 director acknowledges his 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 and authorised for issue on 25 October 2024 and were signed on its behalf by
Simon Wood Director Company Registration No. 11329917
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Simpaul Designs Ltd Notes to the Accounts for the year ended 30 April 2024
1
Statutory information
Simpaul Designs Ltd is a private company, limited by shares, registered in England and Wales, registration number 11329917. The registered office is 28 ST DUNSTANS STREET, CANTERBURY, CT2 8BZ, ENGLAND.
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 as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
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:
Plant & machinery
18 percent reducing
Motor vehicles
4 yrs straight
Fixtures & fittings
18 percent reducing
Computer equipment
18 percent reducing
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
4
Intangible fixed assets
Goodwill 
Other 
Total 
£ 
£ 
£ 
Cost
At 1 May 2023
5,000 
16,450 
21,450 
At 30 April 2024
5,000 
16,450 
21,450 
Amortisation
At 1 May 2023
5,000 
16,450 
21,450 
At 30 April 2024
5,000 
16,450 
21,450 
Net book value
At 30 April 2024
- 
- 
- 
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Simpaul Designs Ltd Notes to the Accounts for the year ended 30 April 2024
5
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At valuation 
At 1 May 2023
1,987 
53,500 
15,028 
7,981 
78,496 
Additions
100 
- 
- 
- 
100 
Revaluations
- 
- 
- 
1,376 
1,376 
At 30 April 2024
2,087 
53,500 
15,028 
9,357 
79,972 
Depreciation
At 1 May 2023
595 
2,125 
8,951 
4,526 
16,197 
Charge for the year
269 
2,125 
1,168 
1,006 
4,568 
At 30 April 2024
864 
4,250 
10,119 
5,532 
20,765 
Net book value
At 30 April 2024
1,223 
49,250 
4,909 
3,825 
59,207 
At 30 April 2023
1,392 
51,375 
6,077 
3,455 
62,299 
6
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
9,178 
7,785 
Other debtors
11,038 
5,000 
20,216 
12,785 
7
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
57,974 
50,392 
VAT
25,637 
7,709 
Obligations under finance leases and hire purchase contracts
9,294 
10,176 
Trade creditors
24,938 
27,864 
Taxes and social security
7,947 
4,323 
Loans from directors
- 
(17,919)
125,790 
82,545 
8
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
46,270 
53,372 
Obligations under finance leases and hire purchase contracts
6,031 
16,697 
Loans from directors
(16,931)
- 
35,370 
70,069 
9
Loans to directors
Directors' loan balance at 30 April 2023 is £17,919 @ 0% interest
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Simpaul Designs Ltd Notes to the Accounts for the year ended 30 April 2024
10
Average number of employees
During the year the average number of employees was 5 (2023: 5).
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