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REGISTERED NUMBER: 09085110 (England and Wales)















Financial Statements for the Year Ended 30 June 2024

for

SIMPLE MACHINE LIMITED

SIMPLE MACHINE LIMITED (Registered number: 09085110)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


SIMPLE MACHINE LIMITED

Company Information
for the Year Ended 30 June 2024







DIRECTORS: Ms S R Nair
S Poduval





REGISTERED OFFICE: 29 Hillingdon Avenue
Sevenoaks
TN13 3RB





REGISTERED NUMBER: 09085110 (England and Wales)





ACCOUNTANTS: Brayan and Spencer Associates Limited
25 Leeming Road
Borehamwood
England
WD6 4EB

SIMPLE MACHINE LIMITED (Registered number: 09085110)

Balance Sheet
30 June 2024

30.6.24 30.6.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,989 3,808

CURRENT ASSETS
Stocks 5 (218 ) 218
Debtors 6 - 34,850
Cash at bank 648,951 547,569
648,733 582,637
CREDITORS
Amounts falling due within one year 7 88,330 65,603
NET CURRENT ASSETS 560,403 517,034
TOTAL ASSETS LESS CURRENT
LIABILITIES

562,392

520,842

CREDITORS
Amounts falling due after more than one
year

8

(27,235

)

(8,380

)

PROVISIONS FOR LIABILITIES (724 ) (724 )
NET ASSETS 534,433 511,738

CAPITAL AND RESERVES
Called up share capital 101 101
Retained earnings 534,332 511,637
534,433 511,738

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

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

SIMPLE MACHINE LIMITED (Registered number: 09085110)

Balance Sheet - continued
30 June 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 13 January 2025 and were signed on its behalf by:




Ms S R Nair - Director



S Poduval - Director


SIMPLE MACHINE LIMITED (Registered number: 09085110)

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

1. STATUTORY INFORMATION

SIMPLE MACHINE 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.
Long term contracts are stated at net cost less foreseeable losses less any applicable payments on account. The amount recorded as turnover in respect of long term contracts is ascertained by reference to the value of the work carried out to date. Attributable profit is recognised as the difference between recorded turnover and related costs.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

SIMPLE MACHINE LIMITED (Registered number: 09085110)

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

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 July 2023 10,592
Additions 836
At 30 June 2024 11,428
DEPRECIATION
At 1 July 2023 6,784
Charge for year 2,655
At 30 June 2024 9,439
NET BOOK VALUE
At 30 June 2024 1,989
At 30 June 2023 3,808

5. STOCKS
30.6.24 30.6.23
£    £   

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Trade debtors - 4,362
Other debtors - 30,488
- 34,850

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Bank loans and overdrafts 472 -
Trade creditors (1 ) -
Taxation and social security 83,357 61,101
Other creditors 4,502 4,502
88,330 65,603

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.6.24 30.6.23
£    £   
Other creditors 27,235 8,380