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
Tangible assets
21,143
25,428
Cash at bank and in hand
83,144
61,822
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)
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
Simon Houlding Upholstery Limited
Notes to the Accounts
for the year ended 30 September 2024
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.
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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.
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.
The accounts have been prepared under the historical cost convention.
The accounts are presented in £ sterling.
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 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.
Basic financial instruments are recognized at amortized cost.
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.
Simon Houlding Upholstery Limited
Notes to the Accounts
for the year ended 30 September 2024
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 in relation to expenditure are credited when the expenditure is charged to profit and loss.
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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
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
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
Amounts falling due within one year
Trade debtors
70,397
74,681
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Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
-
2,200
Trade creditors
10,375
15,590
Taxes and social security
17,817
14,246
Loans from directors
292
111
Deferred income
50,161
41,942
Bank loans are secured by way of a fixed charge over the asset to which they relate.
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Average number of employees
During the year the average number of employees was 1 (2023: 1).