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SIMPLY ROBERT FOSTER LIMITED

FINANCIAL STATEMENTS FOR THE YEAR ENDED 30TH SEPTEMBER 2024






SIMPLY ROBERT FOSTER LIMITED (REGISTERED NUMBER: 08205062)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH SEPTEMBER 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


SIMPLY ROBERT FOSTER LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30TH SEPTEMBER 2024







DIRECTORS: R J Foster
Mrs D M Foster





REGISTERED OFFICE: 2 Villiers Court
40 Upper Mulgrave Road
Cheam
Surrey
SM2 7AJ





REGISTERED NUMBER: 08205062 (England and Wales)





ACCOUNTANTS: Halsey & Co (Accountants) Ltd.
Chartered Certified Accountants
Registered Auditors
2 Villiers Court
40 Upper Mulgrave Road
Cheam
Surrey
SM2 7AJ

SIMPLY ROBERT FOSTER LIMITED (REGISTERED NUMBER: 08205062)

BALANCE SHEET
30TH SEPTEMBER 2024

30.9.24 30.9.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 12,000 14,000
Tangible assets 5 962 1,282
12,962 15,282

CURRENT ASSETS
Stocks 1,500 1,500
Cash at bank and in hand 33,426 24,924
34,926 26,424
CREDITORS
Amounts falling due within one year 6 29,592 35,878
NET CURRENT ASSETS/(LIABILITIES) 5,334 (9,454 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

18,296

5,828

PROVISIONS FOR LIABILITIES 244 230
NET ASSETS 18,052 5,598

CAPITAL AND RESERVES
Called up share capital 7 2 2
Retained earnings 8 18,050 5,596
SHAREHOLDERS' FUNDS 18,052 5,598

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

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

SIMPLY ROBERT FOSTER LIMITED (REGISTERED NUMBER: 08205062)

BALANCE SHEET - continued
30TH SEPTEMBER 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 28th February 2025 and were signed on its behalf by:





R J Foster - Director


SIMPLY ROBERT FOSTER LIMITED (REGISTERED NUMBER: 08205062)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH SEPTEMBER 2024

1. STATUTORY INFORMATION

Simply Robert Foster Limited 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 0, is being amortised evenly over its estimated useful life of nil 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

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

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.

SIMPLY ROBERT FOSTER LIMITED (REGISTERED NUMBER: 08205062)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH SEPTEMBER 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 10 (2023 - 11 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1st October 2023
and 30th September 2024 20,000
AMORTISATION
At 1st October 2023 6,000
Charge for year 2,000
At 30th September 2024 8,000
NET BOOK VALUE
At 30th September 2024 12,000
At 30th September 2023 14,000

5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Computer
machinery fittings equipment Totals
£    £    £    £   
COST
At 1st October 2023
and 30th September 2024 3,129 176 1,618 4,923
DEPRECIATION
At 1st October 2023 1,903 120 1,618 3,641
Charge for year 306 14 - 320
At 30th September 2024 2,209 134 1,618 3,961
NET BOOK VALUE
At 30th September 2024 920 42 - 962
At 30th September 2023 1,226 56 - 1,282

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Bank loans and overdrafts 12,305 16,410
Trade creditors 2,345 2,508
Tax 2,107 -
Social security and other taxes 858 3,807
VAT 4,967 4,654
Other creditors 954 393
Directors' current accounts 4,041 7,127
Accrued expenses 2,015 979
29,592 35,878

SIMPLY ROBERT FOSTER LIMITED (REGISTERED NUMBER: 08205062)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH SEPTEMBER 2024

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.9.24 30.9.23
value: £    £   
2 ordinary £1 2 2

8. RESERVES
Retained
earnings
£   

At 1st October 2023 5,596
Profit for the year 12,454
At 30th September 2024 18,050

9. RELATED PARTY DISCLOSURES

At the balance sheet date, the company owed £ £4,040 (2023 - £7,127) to R Foster, the directors and shareholders of the company.The amounts are interest free and repayable on demand.