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REGISTERED NUMBER: 07246223 (England and Wales)















Simon Burwood Limited

Financial Statements for the Year Ended 31st May 2024






Simon Burwood Limited (Registered number: 07246223)

Contents of the Financial Statements
for the Year Ended 31st May 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Simon Burwood Limited

Company Information
for the Year Ended 31st May 2024







DIRECTORS: S L Burwood
R S Burwood





REGISTERED OFFICE: 2 Oriel Court
Omega Park
Alton
Hampshire
GU34 2YT





REGISTERED NUMBER: 07246223 (England and Wales)





ACCOUNTANTS: Sheen Stickland
Chartered Accountants
2 Oriel Court
Omega Park
Alton
Hampshire
GU34 2YT

Simon Burwood Limited (Registered number: 07246223)

Balance Sheet
31st May 2024

2024 2023
Notes £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 88,675 81,724
88,675 81,724

CURRENT ASSETS
Debtors 6 47,371 72,893
Cash at bank and in hand 140,223 135,125
187,594 208,018
CREDITORS
Amounts falling due within one year 7 (53,380 ) (54,045 )
NET CURRENT ASSETS 134,214 153,973
TOTAL ASSETS LESS CURRENT
LIABILITIES

222,889

235,697

PROVISIONS FOR LIABILITIES (11,796 ) (11,925 )
NET ASSETS 211,093 223,772

CAPITAL AND RESERVES
Called up share capital 9 10 10
Retained earnings 10 211,083 223,762
SHAREHOLDERS' FUNDS 211,093 223,772

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st May 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st May 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

Simon Burwood Limited (Registered number: 07246223)

Balance Sheet - continued
31st May 2024


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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 8th January 2025 and were signed on its behalf by:





R S Burwood - Director


Simon Burwood Limited (Registered number: 07246223)

Notes to the Financial Statements
for the Year Ended 31st May 2024


1. STATEMENT OF COMPLIANCE

Simon Burwood Limited is a private company, limited by shares, incorporated in England and Wales. The address of the registered office is 2 Oriel Court, Omega Park, Alton, Hampshire, GU34 2YT. The registration number is 07246223.

The financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest pound.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

The financial statements have been prepared under the historical cost convention.

Turnover
Turnover represents services provided to broadcasters for motion pictures and videos. It is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2010, is being amortised evenly over its estimated useful life of ten years. The useful life is considered to be ten years as this is the time expected by the directors that the company will benefit from the purchase.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Freehold property - 2% on cost
Plant and machinery - 20% on cost
Computer equipment - 20% on cost

Tangible assets are depreciated over their useful lives taking into account residual values, where appropriate.The useful lives of these assets are estimated based on historic experience and future considerations and these are re-assessed annually.

Any gain or loss arising on the disposal of an asset is determined by the difference between sale proceeds and carrying value of the asset, and is credited or charged to the profit or loss

Simon Burwood Limited (Registered number: 07246223)

Notes to the Financial Statements - continued
for the Year Ended 31st May 2024


2. ACCOUNTING POLICIES - continued

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

Cash and cash equivalents
These comprise cash at bank.

Debtors
Debtors do not carry any interest and are stated at their nominal value. Appropriate allowances for estimated irrecoverable amounts are recognised in the Profit and Loss account when there is objective evidence that the asset is impaired.

Creditors
The only creditor balance that is interest bearing is in relation to the hire purchase loan agreement. All other creditors are non-interest bearing and stated at their nominal values.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Simon Burwood Limited (Registered number: 07246223)

Notes to the Financial Statements - continued
for the Year Ended 31st May 2024


2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Payments made under operating leases are recognised in the profit and loss account on a straight-line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 3 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1st June 2023 15,000
Disposals (15,000 )
At 31st May 2024 -
AMORTISATION
At 1st June 2023 15,000
Eliminated on disposal (15,000 )
At 31st May 2024 -
NET BOOK VALUE
At 31st May 2024 -
At 31st May 2023 -

Simon Burwood Limited (Registered number: 07246223)

Notes to the Financial Statements - continued
for the Year Ended 31st May 2024


5. TANGIBLE FIXED ASSETS
Freehold Plant and Computer
property machinery equipment Totals
£    £    £    £   
COST
At 1st June 2023 - 281,123 14,753 295,876
Additions 28,610 13,250 2,463 44,323
Disposals - (1,211 ) - (1,211 )
At 31st May 2024 28,610 293,162 17,216 338,988
DEPRECIATION
At 1st June 2023 - 200,906 13,246 214,152
Charge for year 572 34,838 1,478 36,888
Eliminated on disposal - (727 ) - (727 )
At 31st May 2024 572 235,017 14,724 250,313
NET BOOK VALUE
At 31st May 2024 28,038 58,145 2,492 88,675
At 31st May 2023 - 80,217 1,507 81,724


6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 23,267 37,685
Other debtors 24,104 35,208
47,371 72,893

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 6,471 4,330
Tax 25,565 22,278
VAT 6,684 15,062
Other creditors 3,454 3,240
Directors' current accounts 8,338 6,515
Accrued expenses 2,868 2,620
53,380 54,045

Simon Burwood Limited (Registered number: 07246223)

Notes to the Financial Statements - continued
for the Year Ended 31st May 2024


8. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2024 2023
£    £   
Within one year 14,178 14,257
Between one and five years 30,006 45,010
44,184 59,267

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
10 Ordinary £1 10 10

10. RESERVES
Retained
earnings
£   

At 1st June 2023 223,762
Profit for the year 68,321
Dividends (81,000 )
At 31st May 2024 211,083