Simple Approach Estate And Letting Agents Dundee Ltd SC625727 false 2023-04-01 2024-03-31 2024-03-31 The principal activity of the company is as real estate agents. Digita Accounts Production Advanced 6.30.9574.0 true true SC625727 2023-04-01 2024-03-31 SC625727 2024-03-31 SC625727 core:CurrentFinancialInstruments 2024-03-31 SC625727 core:CurrentFinancialInstruments core:WithinOneYear 2024-03-31 SC625727 core:MotorVehicles 2024-03-31 SC625727 bus:SmallEntities 2023-04-01 2024-03-31 SC625727 bus:AuditExemptWithAccountantsReport 2023-04-01 2024-03-31 SC625727 bus:FilletedAccounts 2023-04-01 2024-03-31 SC625727 bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 SC625727 bus:RegisteredOffice 2023-04-01 2024-03-31 SC625727 bus:Director2 2023-04-01 2024-03-31 SC625727 bus:OrdinaryShareClass1 2023-04-01 2024-03-31 SC625727 bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 SC625727 core:MotorVehicles 2023-04-01 2024-03-31 SC625727 core:VehiclesPlantMachinery 2023-04-01 2024-03-31 SC625727 countries:UnitedKingdom 2023-04-01 2024-03-31 SC625727 2023-03-31 SC625727 core:MotorVehicles 2023-03-31 SC625727 2022-04-01 2023-03-31 SC625727 2023-03-31 SC625727 core:CurrentFinancialInstruments 2023-03-31 SC625727 core:CurrentFinancialInstruments core:WithinOneYear 2023-03-31 SC625727 core:MotorVehicles 2023-03-31 SC625727 bus:OrdinaryShareClass1 2022-04-01 2023-03-31 iso4217:GBP xbrli:pure

Registration number: SC625727

Simple Approach Estate And Letting Agents Dundee Ltd

Unaudited Financial Statements

for the Year Ended 31 March 2024

 

Simple Approach Estate And Letting Agents Dundee Ltd

Contents

Statement of Financial Position

1

Notes to the Unaudited Financial Statements

2 to 5

 

Simple Approach Estate And Letting Agents Dundee Ltd

(Registration number: SC625727)
Statement of Financial Position as at 31 March 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

-

978

Current assets

 

Debtors

5

15,226

8,461

Cash at bank and in hand

 

8,597

19,883

 

23,823

28,344

Creditors: Amounts falling due within one year

6

(10,092)

(10,513)

Net current assets

 

13,731

17,831

Net assets

 

13,731

18,809

Capital and reserves

 

Called up share capital

10

10

Retained earnings

13,721

18,799

Shareholders' funds

 

13,731

18,809

For the financial 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.

Directors' responsibilities:

The members have not required the Company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The Directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the Directors have not delivered to the registrar a copy of the Income Statement.

Approved and authorised by the Board on 26 November 2024 and signed on its behalf by:
 

.........................................
Tom Brown
Director

 

Simple Approach Estate And Letting Agents Dundee Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

1

General information

The Company is a private company limited by share capital, incorporated in United Kingdom.

The address of its registered office is:
284 Perth Road
Dundee
DD2 1AN

These financial statements were authorised for issue by the Board on 26 November 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the Company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The Company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the Company's activities.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

 

Simple Approach Estate And Letting Agents Dundee Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates taxable income.

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Motor Vehicles

33% Straight Line

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the Company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

Financial instruments

Classification
Financial instruments are classified and accounted for, according to the substance of the contractual agreement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.
 

3

Staff numbers

The average number of persons employed by the Company (including Directors) during the year, was 2 (2023 - 3).

 

Simple Approach Estate And Letting Agents Dundee Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

4

Tangible assets

Motor vehicles
 £

Total
£

Cost or valuation

At 1 April 2023

3,800

3,800

At 31 March 2024

3,800

3,800

Depreciation

At 1 April 2023

2,822

2,822

Charge for the year

978

978

At 31 March 2024

3,800

3,800

Carrying amount

At 31 March 2024

-

-

At 31 March 2023

978

978

5

Debtors

2024
£

2023
£

Other debtors

12,169

6,278

Prepayments

3,057

2,183

15,226

8,461

6

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Due within one year

Trade creditors

76

45

Taxation and social security

3,014

5,774

Accruals and deferred income

1,050

1,000

Other creditors

5,952

3,694

10,092

10,513

 

Simple Approach Estate And Letting Agents Dundee Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

7

Dividends

Interim dividends paid

2024
£

2023
£

Interim dividend of £500.00 (2023 - £200.00) per each Ordinary

5,000

2,000