Silverfin false false 31/10/2024 01/11/2023 31/10/2024 Mr G B Lovegrove 15/10/2019 25 March 2025 The principal activity of the Company during the financial year was designing of domestic buildings. 12262989 2024-10-31 12262989 bus:Director1 2024-10-31 12262989 2023-10-31 12262989 core:CurrentFinancialInstruments 2024-10-31 12262989 core:CurrentFinancialInstruments 2023-10-31 12262989 core:ShareCapital 2024-10-31 12262989 core:ShareCapital 2023-10-31 12262989 core:RetainedEarningsAccumulatedLosses 2024-10-31 12262989 core:RetainedEarningsAccumulatedLosses 2023-10-31 12262989 bus:OrdinaryShareClass1 2024-10-31 12262989 2023-11-01 2024-10-31 12262989 bus:FilletedAccounts 2023-11-01 2024-10-31 12262989 bus:SmallEntities 2023-11-01 2024-10-31 12262989 bus:AuditExemptWithAccountantsReport 2023-11-01 2024-10-31 12262989 bus:PrivateLimitedCompanyLtd 2023-11-01 2024-10-31 12262989 bus:Director1 2023-11-01 2024-10-31 12262989 2022-11-01 2023-10-31 12262989 bus:OrdinaryShareClass1 2023-11-01 2024-10-31 12262989 bus:OrdinaryShareClass1 2022-11-01 2023-10-31 iso4217:GBP xbrli:pure xbrli:shares

Company No: 12262989 (England and Wales)

SIMPLESPACE DESIGN LIMITED

Unaudited Financial Statements
For the financial year ended 31 October 2024
Pages for filing with the registrar

SIMPLESPACE DESIGN LIMITED

Unaudited Financial Statements

For the financial year ended 31 October 2024

Contents

SIMPLESPACE DESIGN LIMITED

COMPANY INFORMATION

For the financial year ended 31 October 2024
SIMPLESPACE DESIGN LIMITED

COMPANY INFORMATION (continued)

For the financial year ended 31 October 2024
DIRECTOR Mr G B Lovegrove
SECRETARY Gillian Lovegrove
REGISTERED OFFICE 1a Grange Avenue
Rotherfield Peppard
Henley-On-Thames
RG9 5JP
United Kingdom
COMPANY NUMBER 12262989 (England and Wales)
CHARTERED ACCOUNTANTS Francis Clark LLP
Melville Building East
Royal William Yard
Plymouth
Devon PL1 3GW
SIMPLESPACE DESIGN LIMITED

BALANCE SHEET

As at 31 October 2024
SIMPLESPACE DESIGN LIMITED

BALANCE SHEET (continued)

As at 31 October 2024
Note 2024 2023
£ £
Current assets
Stocks 3 5,017 5,017
Debtors 4 1,317 7,985
Cash at bank and in hand 14,015 8,401
20,349 21,403
Creditors: amounts falling due within one year 5 ( 11,233) ( 10,701)
Net current assets 9,116 10,702
Total assets less current liabilities 9,116 10,702
Net assets 9,116 10,702
Capital and reserves
Called-up share capital 6 100 100
Profit and loss account 9,016 10,602
Total shareholders' funds 9,116 10,702

For the financial year ending 31 October 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

These financial statements have been prepared in accordance with the provisions of FRS 102 Section 1A – small entities. The financial statements of Simplespace Design Limited (registered number: 12262989) were approved and authorised for issue by the Director on 25 March 2025. They were signed on its behalf by:

Mr G B Lovegrove
Director
SIMPLESPACE DESIGN LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 October 2024
SIMPLESPACE DESIGN LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 October 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Simplespace Design Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is 1a Grange Avenue, Rotherfield Peppard, Henley-On-Thames, RG9 5JP, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to the net realisable value. Cost is calculated using the FIFO (first-in, first-out) method. Provision is made for obsolete, slow-moving or defective items where appropriate.

Professional fees is included as Work in progress as these costs relate to future projects.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets receivable within one year, such as trade debtors and bank balances, are measured at transaction price less any impairment.

Basic financial assets receivable within more than one year are measured at amortised cost less any impairment.

Financial assets are derecognised when and only when the contractual rights to the cash flows from the financial asset expire or are settled, or the Company transfers to another party substantially all of the risks and rewards of ownership of the financial asset, or the Company, despite having retained some, but not all, significant risks and rewards of ownership, has transferred control of the asset to another party.

Basic financial liabilities
Basic financial liabilities that have no stated interest rate and are payable within one year, such as trade creditors, are measured at transaction price.

Other basic financial liabilities are measured at amortised cost.

Financial liabilities are derecognised when the company’s contractual obligations expire or are discharged or cancelled.

2. Employees

2024 2023
Number Number
Monthly average number of persons employed by the Company during the year, including the director 0 0

3. Stocks

2024 2023
£ £
Work in progress 5,017 5,017

4. Debtors

2024 2023
£ £
Amounts owed by director 985 7,985
Other debtors 332 0
1,317 7,985

5. Creditors: amounts falling due within one year

2024 2023
£ £
Taxation and social security 332 1
Other creditors 10,901 10,700
11,233 10,701

6. Called-up share capital

2024 2023
£ £
Allotted, called-up and fully-paid
100 Ordinary shares of £ 1.00 each 100 100