1 October 2023 false No description of principal activity Taxfiler 2024.6 08656022business:PrivateLimitedCompanyLtd2023-10-012024-09-30 086560222023-09-30 086560222023-10-012024-09-30 08656022business:AuditExempt-NoAccountantsReport2023-10-012024-09-30 08656022business:FilletedAccounts2023-10-012024-09-30 086560222024-09-30 086560222023-09-30 08656022core:WithinOneYear2024-09-30 08656022core:WithinOneYear2023-09-30 08656022core:ShareCapitalcore:PreviouslyStatedAmount2024-09-30 08656022core:ShareCapitalcore:PreviouslyStatedAmount2023-09-30 08656022core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2024-09-30 08656022core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-09-30 08656022core:PreviouslyStatedAmount2024-09-30 08656022core:PreviouslyStatedAmount2023-09-30 08656022business:SmallEntities2023-10-012024-09-30 08656022business:Director12023-10-012024-09-30 08656022countries:EnglandWales2023-10-012024-09-30 08656022business:RegisteredOffice2023-10-012024-09-30 08656022core:LandBuildings2023-10-012024-09-30 08656022core:PlantMachinery2023-10-012024-09-30 08656022core:MotorVehicles2023-10-012024-09-30 08656022core:ComputerEquipment2023-10-012024-09-30 08656022core:LandBuildings2023-09-30 08656022core:PlantMachinery2023-09-30 08656022core:MotorVehicles2023-09-30 08656022core:ComputerEquipment2023-09-30 08656022core:LandBuildings2024-09-30 08656022core:PlantMachinery2024-09-30 08656022core:MotorVehicles2024-09-30 08656022core:ComputerEquipment2024-09-30 08656022core:AfterOneYear2023-10-012024-09-30 086560222022-10-012023-09-30 iso4217:GBP xbrli:pure
Company Registration No. 08656022 (England and Wales)
Simon Houlding Upholstery Limited Unaudited accounts for the year ended 30 September 2024
Simon Houlding Upholstery Limited Statement of financial position as at 30 September 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
21,143 
25,428 
Current assets
Inventories
29,000 
40,000 
Debtors
72,692 
76,938 
Cash at bank and in hand
83,144 
61,822 
184,836 
178,760 
Creditors: amounts falling due within one year
(107,505)
(96,957)
Net current assets
77,331 
81,803 
Total assets less current liabilities
98,474 
107,231 
Provisions for liabilities
Deferred tax
(4,992)
(4,743)
Net assets
93,482 
102,488 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
93,382 
102,388 
Shareholders' funds
93,482 
102,488 
For the year ending 30 September 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 director acknowledges his 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 8 April 2025 and were signed on its behalf by
S R Houlding Director Company Registration No. 08656022
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Simon Houlding Upholstery Limited Notes to the Accounts for the year ended 30 September 2024
1
Statutory information
Simon Houlding Upholstery Limited is a private company, limited by shares, registered in England and Wales, registration number 08656022. The registered office is 34 Clarence Street, Southend on Sea, Essex, SS1 1BD.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
25% Reducing balance
Plant & machinery
15% Reducing balance
Motor vehicles
15% Reducing balance
Computer equipment
25% Straight line
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Financial instruments
Basic financial instruments are recognized at amortized cost.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
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Simon Houlding Upholstery Limited Notes to the Accounts for the year ended 30 September 2024
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Government grants
Government grants in relation to expenditure are credited when the expenditure is charged to profit and loss.
4
Tangible fixed assets
Land & buildings 
Plant & machinery 
Motor vehicles 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At cost 
At 1 October 2023
1,340 
6,525 
29,000 
2,665 
39,530 
At 30 September 2024
1,340 
6,525 
29,000 
2,665 
39,530 
Depreciation
At 1 October 2023
880 
4,119 
8,048 
1,055 
14,102 
Charge for the year
114 
361 
3,143 
667 
4,285 
At 30 September 2024
994 
4,480 
11,191 
1,722 
18,387 
Net book value
At 30 September 2024
346 
2,045 
17,809 
943 
21,143 
At 30 September 2023
460 
2,406 
20,952 
1,610 
25,428 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
70,397 
74,681 
Other debtors
2,295 
2,257 
72,692 
76,938 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
- 
2,200 
VAT
28,782 
22,682 
Trade creditors
10,375 
15,590 
Taxes and social security
17,817 
14,246 
Loans from directors
292 
111 
Accruals
78 
186 
Deferred income
50,161 
41,942 
107,505 
96,957 
Bank loans are secured by way of a fixed charge over the asset to which they relate.
8
Average number of employees
During the year the average number of employees was 1 (2023: 1).
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