Acorah Software Products - Accounts Production 16.0.110 false true 30 June 2023 1 July 2022 false 1 July 2023 30 June 2024 30 June 2024 04472602 Mr Gerald Simpson Mr Gareth Simpson Mr Gareth Simpson iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 04472602 2023-06-30 04472602 2024-06-30 04472602 2023-07-01 2024-06-30 04472602 frs-core:CurrentFinancialInstruments 2024-06-30 04472602 frs-core:ComputerEquipment 2024-06-30 04472602 frs-core:ComputerEquipment 2023-07-01 2024-06-30 04472602 frs-core:ComputerEquipment 2023-06-30 04472602 frs-core:FurnitureFittings 2024-06-30 04472602 frs-core:FurnitureFittings 2023-07-01 2024-06-30 04472602 frs-core:FurnitureFittings 2023-06-30 04472602 frs-core:MotorVehicles 2024-06-30 04472602 frs-core:MotorVehicles 2023-07-01 2024-06-30 04472602 frs-core:MotorVehicles 2023-06-30 04472602 frs-core:PlantMachinery 2024-06-30 04472602 frs-core:PlantMachinery 2023-07-01 2024-06-30 04472602 frs-core:PlantMachinery 2023-06-30 04472602 frs-core:ShareCapital 2024-06-30 04472602 frs-core:RetainedEarningsAccumulatedLosses 2024-06-30 04472602 frs-bus:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 04472602 frs-bus:FilletedAccounts 2023-07-01 2024-06-30 04472602 frs-bus:SmallEntities 2023-07-01 2024-06-30 04472602 frs-bus:AuditExempt-NoAccountantsReport 2023-07-01 2024-06-30 04472602 frs-bus:SmallCompaniesRegimeForAccounts 2023-07-01 2024-06-30 04472602 frs-bus:Director1 2023-07-01 2024-06-30 04472602 frs-bus:Director1 2023-06-30 04472602 frs-bus:Director1 2024-06-30 04472602 frs-bus:Director2 2023-07-01 2024-06-30 04472602 frs-bus:CompanySecretary1 2023-07-01 2024-06-30 04472602 frs-countries:EnglandWales 2023-07-01 2024-06-30 04472602 2022-06-30 04472602 2023-06-30 04472602 2022-07-01 2023-06-30 04472602 frs-core:CurrentFinancialInstruments 2023-06-30 04472602 frs-core:ShareCapital 2023-06-30 04472602 frs-core:RetainedEarningsAccumulatedLosses 2023-06-30
Registered number: 04472602
G A Simpson Builders Limited
Unaudited Financial Statements
For The Year Ended 30 June 2024
TaxAssist Accountants
Contents
Page
Statement of Financial Position 1—2
Notes to the Financial Statements 3—5
Page 1
Statement of Financial Position
Registered number: 04472602
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 807 1,139
807 1,139
CURRENT ASSETS
Debtors 5 57,321 62,543
Cash at bank and in hand 32,467 33,187
89,788 95,730
Creditors: Amounts Falling Due Within One Year 6 (39,364 ) (35,999 )
NET CURRENT ASSETS (LIABILITIES) 50,424 59,731
TOTAL ASSETS LESS CURRENT LIABILITIES 51,231 60,870
NET ASSETS 51,231 60,870
CAPITAL AND RESERVES
Called up share capital 7 2 2
Income Statement 51,229 60,868
SHAREHOLDERS' FUNDS 51,231 60,870
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For the year ending 30 June 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Income Statement.
On behalf of the board
Mr Gerald Simpson
Director
20/03/2025
The notes on pages 3 to 5 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
G A Simpson Builders Limited is a private company, limited by shares, incorporated in England & Wales, registered number 04472602 . The registered office is 101 Mold Road, Connahs Quay, Deeside, Flintshire, CH5 4QW.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Rendering of services
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 25% RBM
Motor Vehicles 25% RBM
Fixtures & Fittings 25% RBM
Computer Equipment 33.33% RBM
2.4. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
♠Average number of employees, including directors, during the year was as follows:
2024 2023
Office and administration 1 1
1 1
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4. Tangible Assets
Plant & Machinery Motor Vehicles Fixtures & Fittings Computer Equipment Total
£ £ £ £ £
Cost
As at 1 July 2023 21,354 6,762 1,984 1,288 31,388
As at 30 June 2024 21,354 6,762 1,984 1,288 31,388
Depreciation
As at 1 July 2023 21,151 6,434 1,951 713 30,249
Provided during the period 50 82 8 192 332
As at 30 June 2024 21,201 6,516 1,959 905 30,581
Net Book Value
As at 30 June 2024 153 246 25 383 807
As at 1 July 2023 203 328 33 575 1,139
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 12,322 28,212
VAT 5,242 5,098
Other taxes and social security 3,587 826
Directors' loan accounts 36,170 28,407
57,321 62,543
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 31,308 30,260
Corporation tax 7,258 4,974
Pension 73 73
Accruals and deferred income 725 692
39,364 35,999
7. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 2 2
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8. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 July 2023 Amounts advanced Amounts repaid Amounts written off As at 30 June 2024
£ £ £ £ £
Mr Gerald Simpson 28,407 128,667 120,904 - 36,170
The above loan is unsecured, interest free and repayable on demand.
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