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Company Registration No. 11975571 (England and Wales)
Simply 4 Group Ltd Unaudited accounts for the year ended 31 May 2024
Simply 4 Group Ltd Unaudited accounts Contents
Page
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Simply 4 Group Ltd Company Information for the year ended 31 May 2024
Directors
Roger F Copeland David Ojumu
Company Number
11975571 (England and Wales)
Registered Office
40 WILLOUGHBY ROAD LONDON N8 0JG ENGLAND
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Simply 4 Group Ltd Statement of financial position as at 31 May 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
79,767 
69,689 
Current assets
Inventories
14,190 
41,610 
Debtors
121,521 
153,007 
Cash at bank and in hand
595,618 
82,697 
731,329 
277,314 
Creditors: amounts falling due within one year
(408,630)
(163,998)
Net current assets
322,699 
113,316 
Total assets less current liabilities
402,466 
183,005 
Creditors: amounts falling due after more than one year
(5,722)
(10,406)
Net assets
396,744 
172,599 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
396,644 
172,499 
Shareholders' funds
396,744 
172,599 
For the year ending 31 May 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 27 February 2025 and were signed on its behalf by
Roger F Copeland Director Company Registration No. 11975571
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Simply 4 Group Ltd Notes to the Accounts for the year ended 31 May 2024
1
Statutory information
Simply 4 Group Ltd is a private company, limited by shares, registered in England and Wales, registration number 11975571. The registered office is 40 WILLOUGHBY ROAD, LONDON, N8 0JG, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
15% reducing balance method
Motor vehicles
20% reducing balance method
Financial instruments
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
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Simply 4 Group Ltd Notes to the Accounts for the year ended 31 May 2024
4
Tangible fixed assets
Land & buildings 
Plant & machinery 
Motor vehicles 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 June 2023
50,000 
7,732 
21,867 
79,599 
Additions
- 
4,231 
12,669 
16,900 
At 31 May 2024
50,000 
11,963 
34,536 
96,499 
Depreciation
At 1 June 2023
- 
2,038 
7,872 
9,910 
Charge for the year
- 
1,489 
5,333 
6,822 
At 31 May 2024
- 
3,527 
13,205 
16,732 
Net book value
At 31 May 2024
50,000 
8,436 
21,331 
79,767 
At 31 May 2023
50,000 
5,694 
13,995 
69,689 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
91,736 
88,631 
Accrued income and prepayments
29,687 
64,278 
Other debtors
98 
98 
121,521 
153,007 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
5,340 
5,532 
Trade creditors
52,853 
47,073 
Taxes and social security
306,949 
84,533 
Loans from directors
32,923 
24,860 
Accruals
10,565 
2,000 
408,630 
163,998 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
5,722 
10,406 
8
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100 
100 
9
Average number of employees
During the year the average number of employees was 11 (2023: 3).
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