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REGISTERED NUMBER: 10731692 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 April 2024

for

Simon Elley Interiors Ltd

Simon Elley Interiors Ltd (Registered number: 10731692)






Contents of the Financial Statements
for the Year Ended 30 April 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Simon Elley Interiors Ltd

Company Information
for the Year Ended 30 April 2024







DIRECTORS: S Elley
Mrs J L Elley





SECRETARY:





REGISTERED OFFICE: 31 Brookfield Avenue
Nettleham
Lincoln
Lincolnshire
LN2 2TB





REGISTERED NUMBER: 10731692 (England and Wales)





ACCOUNTANTS: ASAP Accountants & Business Advisors Ltd
Room 206, Mercury House
Willoughton Drive
Foxby Lane Business Park
Gainsborough
Lincolnshire
DN21 1DY

Simon Elley Interiors Ltd (Registered number: 10731692)

Balance Sheet
30 April 2024

30.4.24 30.4.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 3,000 4,000
Tangible assets 5 14,931 9,911
17,931 13,911

CURRENT ASSETS
Cash at bank 10,433 15,408

CREDITORS
Amounts falling due within one year 6 13,219 13,425
NET CURRENT (LIABILITIES)/ASSETS (2,786 ) 1,983
TOTAL ASSETS LESS CURRENT
LIABILITIES

15,145

15,894

CREDITORS
Amounts falling due after more than
one year

7

7,334

11,333
NET ASSETS 7,811 4,561

Simon Elley Interiors Ltd (Registered number: 10731692)

Balance Sheet - continued
30 April 2024

30.4.24 30.4.23
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 104 104
Retained earnings 7,707 4,457
SHAREHOLDERS' FUNDS 7,811 4,561

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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.

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 27 January 2025 and were signed on its behalf by:





S Elley - Director


Simon Elley Interiors Ltd (Registered number: 10731692)

Notes to the Financial Statements
for the Year Ended 30 April 2024

1. STATUTORY INFORMATION

Simon Elley Interiors Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

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

Turnover
Turnover 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 2017, is being amortised evenly over its estimated useful life of ten years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on reducing balance

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.


Simon Elley Interiors Ltd (Registered number: 10731692)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

2. ACCOUNTING POLICIES - continued
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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss 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 1 May 2023
and 30 April 2024 10,000
AMORTISATION
At 1 May 2023 6,000
Charge for year 1,000
At 30 April 2024 7,000
NET BOOK VALUE
At 30 April 2024 3,000
At 30 April 2023 4,000

Simon Elley Interiors Ltd (Registered number: 10731692)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

5. TANGIBLE FIXED ASSETS
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 1 May 2023 10,498 19,065 29,563
Additions - 7,498 7,498
At 30 April 2024 10,498 26,563 37,061
DEPRECIATION
At 1 May 2023 8,630 11,022 19,652
Charge for year 467 2,011 2,478
At 30 April 2024 9,097 13,033 22,130
NET BOOK VALUE
At 30 April 2024 1,401 13,530 14,931
At 30 April 2023 1,868 8,043 9,911

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE
YEAR
30.4.24 30.4.23
£    £   
Bank loans and overdrafts 4,000 4,000
Tax 3,555 3,161
Social security and other taxes 1,207 1,583
VAT 3,338 3,603
Directors' current accounts 119 78
Accruals and deferred income 1,000 1,000
13,219 13,425

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE
THAN ONE YEAR
30.4.24 30.4.23
£    £   
Bank loans - 1-2 years 4,000 4,000
Bank loans - 2-5 years 3,334 7,333
7,334 11,333

Simon Elley Interiors Ltd (Registered number: 10731692)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

8. SECURED DEBTS

The following secured debts are included within creditors:

30.4.24 30.4.23
£    £   
Bank loans 11,334 15,333