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
Simpaul Designs Ltd
Company Information
for the year ended 30 April 2024
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
Simpaul Designs Ltd
Statement of financial position
as at 30 April 2024
Tangible assets
59,207
62,299
Cash at bank and in hand
4,713
21,118
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)
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
Simpaul Designs Ltd
Notes to the Accounts
for the year ended 30 April 2024
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
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 (including purchased goodwill and patents) are included at cost less accumulated amortisation.
4
Intangible fixed assets
Goodwill
Other
Total
At 1 May 2023
5,000
16,450
21,450
At 30 April 2024
5,000
16,450
21,450
At 1 May 2023
5,000
16,450
21,450
At 30 April 2024
5,000
16,450
21,450
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
Revaluations
-
-
-
1,376
1,376
At 30 April 2024
2,087
53,500
15,028
9,357
79,972
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
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
Amounts falling due within one year
Other debtors
11,038
5,000
7
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
57,974
50,392
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)
8
Creditors: amounts falling due after more than one year
2024
2023
Obligations under finance leases and hire purchase contracts
6,031
16,697
Loans from directors
(16,931)
-
Directors' loan balance at 30 April 2023 is £17,919 @ 0% interest
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).