Caseware UK (AP4) 2023.0.135 2023.0.135 2024-04-302024-04-30true4The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.2023-05-01falseNo description of principal activity4truefalse 09554650 2023-05-01 2024-04-30 09554650 2022-05-01 2023-04-30 09554650 2024-04-30 09554650 2023-04-30 09554650 c:Director1 2023-05-01 2024-04-30 09554650 d:Buildings d:ShortLeaseholdAssets 2023-05-01 2024-04-30 09554650 d:Buildings d:ShortLeaseholdAssets 2024-04-30 09554650 d:Buildings d:ShortLeaseholdAssets 2023-04-30 09554650 d:MotorVehicles 2023-05-01 2024-04-30 09554650 d:MotorVehicles 2024-04-30 09554650 d:MotorVehicles 2023-04-30 09554650 d:MotorVehicles d:OwnedOrFreeholdAssets 2023-05-01 2024-04-30 09554650 d:FurnitureFittings 2023-05-01 2024-04-30 09554650 d:FurnitureFittings 2024-04-30 09554650 d:FurnitureFittings 2023-04-30 09554650 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-05-01 2024-04-30 09554650 d:OwnedOrFreeholdAssets 2023-05-01 2024-04-30 09554650 d:Goodwill 2023-05-01 2024-04-30 09554650 d:Goodwill 2024-04-30 09554650 d:Goodwill 2023-04-30 09554650 d:CurrentFinancialInstruments 2024-04-30 09554650 d:CurrentFinancialInstruments 2023-04-30 09554650 d:Non-currentFinancialInstruments 2024-04-30 09554650 d:Non-currentFinancialInstruments 2023-04-30 09554650 d:CurrentFinancialInstruments d:WithinOneYear 2024-04-30 09554650 d:CurrentFinancialInstruments d:WithinOneYear 2023-04-30 09554650 d:Non-currentFinancialInstruments d:AfterOneYear 2024-04-30 09554650 d:Non-currentFinancialInstruments d:AfterOneYear 2023-04-30 09554650 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2024-04-30 09554650 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2023-04-30 09554650 d:ShareCapital 2024-04-30 09554650 d:ShareCapital 2023-04-30 09554650 d:RetainedEarningsAccumulatedLosses 2024-04-30 09554650 d:RetainedEarningsAccumulatedLosses 2023-04-30 09554650 c:FRS102 2023-05-01 2024-04-30 09554650 c:AuditExempt-NoAccountantsReport 2023-05-01 2024-04-30 09554650 c:FullAccounts 2023-05-01 2024-04-30 09554650 c:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30 09554650 d:WithinOneYear 2024-04-30 09554650 d:WithinOneYear 2023-04-30 09554650 d:BetweenOneFiveYears 2024-04-30 09554650 d:BetweenOneFiveYears 2023-04-30 09554650 2 2023-05-01 2024-04-30 09554650 e:PoundSterling 2023-05-01 2024-04-30 iso4217:GBP xbrli:pure

Registered number: 09554650










MR SIMMS SWEETSHOP LIMITED








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 30 APRIL 2024

 
MR SIMMS SWEETSHOP LIMITED
REGISTERED NUMBER: 09554650

BALANCE SHEET
AS AT 30 APRIL 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 5 
7,026
8,436

  
7,026
8,436

Current assets
  

Stocks
  
11,309
16,292

Debtors: amounts falling due within one year
 6 
452
4,310

Cash at bank and in hand
 7 
9,080
11,036

  
20,841
31,638

Creditors: amounts falling due within one year
 8 
(35,919)
(33,148)

Net current liabilities
  
 
 
(15,078)
 
 
(1,510)

Total assets less current liabilities
  
(8,052)
6,926

Creditors: amounts falling due after more than one year
 9 
(9,817)
(16,017)

  

Net liabilities
  
(17,869)
(9,091)


Capital and reserves
  

Called up share capital 
  
2
2

Profit and loss account
  
(17,871)
(9,093)

  
(17,869)
(9,091)


Page 1

 
MR SIMMS SWEETSHOP LIMITED
REGISTERED NUMBER: 09554650

BALANCE SHEET (CONTINUED)
AS AT 30 APRIL 2024

The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges her responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 26 November 2024.




S. Yates
Director

The notes on pages 3 to 8 form part of these financial statements.

Page 2

 
MR SIMMS SWEETSHOP LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

1.


General information

Mr Simms Sweetshop Limited is private company limited by shares and was incorporated in England and Wales. The Registered Office is 601 London Road, Westcliff on Sea, Essex SS0 9PE. The registered number of the company is 09554650.
 

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Going concern

In view of the loss for the year of £8,778 and the excess of liabilities over assets at 30 April 2024 of £17,869 the appropriateness of the going concern basis is dependent upon the continued support of the company's creditors.
The company's creditors have continued to support the company and the directors are of the opinion that they will continue to do so. In light of the aforementioned, the directors consider it appropriate to adopt the going concern basis in preparing the financial statements. 

 
2.3

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Page 3

 
MR SIMMS SWEETSHOP LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

2.Accounting policies (continued)

 
2.4

Intangible assets

Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.

 The estimated useful lives range as follows:

Goodwill
-
4
years

 
2.5

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Short-term leasehold property
-
Over the term of the lease
Motor vehicles
-
25% reducing balance
Fixtures, fittings & equipment
-
15% reducing balance

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.6

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
2.7

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

Page 4

 
MR SIMMS SWEETSHOP LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

2.Accounting policies (continued)

 
2.8

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.9

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.10

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.11

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.12

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

 
2.13

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

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


3.


Employees

The average monthly number of employees, including directors, during the year was 4 (2023 -4).

Page 5

 
MR SIMMS SWEETSHOP LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

4.


Intangible assets




Goodwill

£



Cost


At 1 May 2023
14,245



At 30 April 2024

14,245



Amortisation


At 1 May 2023
14,245



At 30 April 2024

14,245



Net book value



At 30 April 2024
-



At 30 April 2023
-




5.


Tangible fixed assets





Short-term leasehold property
Motor vehicle
Fixtures, fittings & equipment
Total

£
£
£
£



Cost or valuation


At 1 May 2023
2,979
14,438
20,774
38,191



At 30 April 2024

2,979
14,438
20,774
38,191



Depreciation


At 1 May 2023
2,979
12,992
13,784
29,755


Charge for the year on owned assets
-
361
1,049
1,410



At 30 April 2024

2,979
13,353
14,833
31,165



Net book value



At 30 April 2024
-
1,085
5,941
7,026



At 30 April 2023
-
1,445
6,991
8,436

Page 6

 
MR SIMMS SWEETSHOP LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

6.


Debtors

2024
2023
£
£


Prepayments and accrued income
452
4,310

452
4,310



7.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
9,080
11,036

9,080
11,036



8.


Creditors: Amounts falling due within one year

2024
2023
£
£

Bank loans
6,200
6,200

Trade creditors
4,746
3,374

Other taxation and social security
2,574
1,175

Directors' loan account
22,399
22,399

35,919
33,148



9.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Bank loans
9,817
16,017

9,817
16,017


Page 7

 
MR SIMMS SWEETSHOP LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

10.


Loans


Analysis of the maturity of loans is given below:


2024
2023
£
£

Amounts falling due within one year

Bank loans
6,200
6,200


6,200
6,200


Amounts falling due 2-5 years

Bank loans
9,817
16,017


9,817
16,017


16,017
22,217



11.


Commitments under operating leases

At 30 April 2024 the Company had future minimum lease payments due under non-cancellable operating leases for each of the following periods:

2024
2023
£
£


Not later than 1 year
2,917
15,583

Later than 1 year and not later than 5 years
44,583
-

47,500
15,583


Page 8