5 false false false false false false false false false false true false false false false false false No description of principal activity 2023-07-01 Sage Accounts Production Advanced 2023 - FRS102_2023 xbrli:pure xbrli:shares iso4217:GBP 05428414 2023-07-01 2024-06-30 05428414 2024-06-30 05428414 2023-06-30 05428414 2022-07-01 2023-06-30 05428414 2023-06-30 05428414 2022-06-30 05428414 core:FurnitureFittings 2023-07-01 2024-06-30 05428414 bus:Director1 2023-07-01 2024-06-30 05428414 core:WithinOneYear 2024-06-30 05428414 core:WithinOneYear 2023-06-30 05428414 core:FurnitureFittings 2023-06-30 05428414 core:LandBuildings 2024-06-30 05428414 core:FurnitureFittings 2024-06-30 05428414 core:AfterOneYear 2024-06-30 05428414 core:AfterOneYear 2023-06-30 05428414 core:ShareCapital 2024-06-30 05428414 core:ShareCapital 2023-06-30 05428414 core:RetainedEarningsAccumulatedLosses 2024-06-30 05428414 core:RetainedEarningsAccumulatedLosses 2023-06-30 05428414 core:LandBuildings 2023-06-30 05428414 core:FurnitureFittings 2023-06-30 05428414 bus:SmallEntities 2023-07-01 2024-06-30 05428414 bus:AuditExemptWithAccountantsReport 2023-07-01 2024-06-30 05428414 bus:SmallCompaniesRegimeForAccounts 2023-07-01 2024-06-30 05428414 bus:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 05428414 bus:FullAccounts 2023-07-01 2024-06-30
COMPANY REGISTRATION NUMBER: 05428414
SIMON FLETCHER LIMITED
FILLETED UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED
30 June 2024
SIMON FLETCHER LIMITED
STATEMENT OF FINANCIAL POSITION
30 June 2024
2024
2023
Note
£
£
£
FIXED ASSETS
Tangible assets
5
58,234
62,334
CURRENT ASSETS
Stocks
84,842
96,813
Debtors
6
559
1,998
Cash at bank and in hand
84
43
---------
---------
85,485
98,854
CREDITORS: amounts falling due within one year
7
147,171
166,666
-----------
-----------
NET CURRENT LIABILITIES
61,686
67,812
---------
---------
TOTAL ASSETS LESS CURRENT LIABILITIES
( 3,452)
( 5,478)
CREDITORS: amounts falling due after more than one year
8
26,667
24,922
---------
---------
NET LIABILITIES
( 30,119)
( 30,400)
---------
---------
SIMON FLETCHER LIMITED
STATEMENT OF FINANCIAL POSITION (continued)
30 June 2024
2024
2023
Note
£
£
£
CAPITAL AND RESERVES
Called up share capital
2
2
Profit and loss account
( 30,121)
( 30,402)
---------
---------
SHAREHOLDERS DEFICIT
( 30,119)
( 30,400)
---------
---------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
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.
Directors' responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
These financial statements were approved by the board of directors and authorised for issue on 20 March 2025 , and are signed on behalf of the board by:
Mr S A J Fletcher
Director
Company registration number: 05428414
SIMON FLETCHER LIMITED
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 30 JUNE 2024
1. GENERAL INFORMATION
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 20 Mannin Way, Lancaster Business Park, Caton Road, Lancaster, LA1 3SW.
2. STATEMENT OF COMPLIANCE
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. ACCOUNTING POLICIES
BASIS OF PREPARATION
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
REVENUE RECOGNITION
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
DEPRECIATION
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Fixtures and fittings
-
15% reducing balance
STOCKS
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.
DEFINED CONTRIBUTION PLANS
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.
4. EMPLOYEE NUMBERS
The average number of persons employed by the company during the year amounted to 5 (2023: 4 ).
5. TANGIBLE ASSETS
Land and buildings
Fixtures and fittings
Total
£
£
£
Cost
At 1 July 2023 and 30 June 2024
35,000
98,052
133,052
---------
---------
-----------
Depreciation
At 1 July 2023
70,718
70,718
Charge for the year
4,100
4,100
---------
---------
-----------
At 30 June 2024
74,818
74,818
---------
---------
-----------
Carrying amount
At 30 June 2024
35,000
23,234
58,234
---------
---------
-----------
At 30 June 2023
35,000
27,334
62,334
---------
---------
-----------
6. DEBTORS
2024
2023
£
£
Trade debtors
559
1,998
-----
--------
7. CREDITORS: amounts falling due within one year
2024
2023
£
£
Bank loans and overdrafts
42,841
34,395
Trade creditors
56,239
58,722
Accruals and deferred income
27,782
28,972
Corporation tax
901
Social security and other taxes
5,700
3,477
Director loan accounts
13,708
41,100
-----------
-----------
147,171
166,666
-----------
-----------
8. CREDITORS: amounts falling due after more than one year
2024
2023
£
£
Bank loans and overdrafts
26,667
24,922
---------
---------