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REGISTERED NUMBER: 06965911 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 June 2024

for

Simutec International Limited

Simutec International Limited (Registered number: 06965911)






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




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Simutec International Limited

Company Information
for the Year Ended 30 June 2024







DIRECTOR: Ms L Zhang





SECRETARY:





REGISTERED OFFICE: Upper Flat
42 Goodge Street
London
London
W1T 2QR





REGISTERED NUMBER: 06965911 (England and Wales)





ACCOUNTANTS: Lakis & Co
Accountants
92 Powys Lane
Palmers Green
London
N13 4HR

Simutec International Limited (Registered number: 06965911)

Statement of Financial Position
30 June 2024

30.6.24 30.6.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 12,949 13,926
Property, plant and equipment 5 317,985 197,487
330,934 211,413

CURRENT ASSETS
Inventories 38,500 32,250
Debtors 6 299,059 280,966
Cash at bank and in hand 72,921 71,052
410,480 384,268
CREDITORS
Amounts falling due within one year 7 753,688 413,220
NET CURRENT LIABILITIES (343,208 ) (28,952 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(12,274

)

182,461

CREDITORS
Amounts falling due after more than one
year

8

23,333

33,333
NET (LIABILITIES)/ASSETS (35,607 ) 149,128

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings (35,608 ) 149,127
SHAREHOLDERS' FUNDS (35,607 ) 149,128

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 director acknowledges her 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.

Simutec International Limited (Registered number: 06965911)

Statement of Financial Position - 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 director and authorised for issue on 17 March 2025 and were signed by:





Ms L Zhang - Director


Simutec International Limited (Registered number: 06965911)

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

1. STATUTORY INFORMATION

Simutec International 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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
Revenue 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 2023, is being amortised evenly over its estimated useful life of fourteen 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 etc - 10% on reducing balance

Stocks
Inventories 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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Simutec International Limited (Registered number: 06965911)

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

2. ACCOUNTING POLICIES - continued

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 55 (2023 - 30 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 July 2023
and 30 June 2024 14,170
AMORTISATION
At 1 July 2023 244
Charge for year 977
At 30 June 2024 1,221
NET BOOK VALUE
At 30 June 2024 12,949
At 30 June 2023 13,926

5. PROPERTY, PLANT AND EQUIPMENT
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 July 2023 - 306,248 306,248
Additions 64,370 84,307 148,677
At 30 June 2024 64,370 390,555 454,925
DEPRECIATION
At 1 July 2023 - 108,761 108,761
Charge for year - 28,179 28,179
At 30 June 2024 - 136,940 136,940
NET BOOK VALUE
At 30 June 2024 64,370 253,615 317,985
At 30 June 2023 - 197,487 197,487

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Other debtors 299,059 280,966

Simutec International Limited (Registered number: 06965911)

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

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Trade creditors 57,289 36,417
Taxation and social security 122,750 60,530
Other creditors 573,649 316,273
753,688 413,220

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.6.24 30.6.23
£    £   
Bank loans 23,333 33,333

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 23,333 33,333