Registered number
15003538
Simpson Graham Limited
Filleted Accounts
31 July 2024
Simpson Graham Limited
Registered number: 15003538
Balance Sheet
as at 31 July 2024
Notes 2024
£
Fixed assets
Tangible assets 3 59,886
Current assets
Debtors 4 76,263
Cash at bank and in hand 330,008
406,271
Creditors: amounts falling due within one year 5 (135,247)
Net current assets 271,024
Total assets less current liabilities 330,910
Creditors: amounts falling due after more than one year 6 (330,000)
Net assets 910
Capital and reserves
Called up share capital 4
Profit and loss account 906
Shareholders' funds 910
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
M Graham
Director
Approved by the board on 8 April 2025
Simpson Graham Limited
Notes to the Accounts
for the period from 14 July 2023 to 31 July 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the rendering of veterinary services. Turnover is recognised in the financial statements in the period the services are provided.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets,at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Leasehold land and buildings over the lease term
Plant and machinery over 5 years
Fixtures, fittings, tools and equipment over 3 years
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price).
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current period. Deferred tax is not recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments as this is considered immaterial to the true and fair view of the financial statements.
2 Employees 2024
Number
Average number of persons employed by the company 2
3 Tangible fixed assets
Land and buildings Plant and machinery etc Office equipment Total
£ £ £ £
Cost
Additions 42,917 16,300 1,249 60,466
At 31 July 2024 42,917 16,300 1,249 60,466
Depreciation
Charge for the period - 476 104 580
At 31 July 2024 - 476 104 580
Net book value
At 31 July 2024 42,917 15,824 1,145 59,886
4 Debtors 2024
£
Trade debtors 1,920
Other debtors 74,343
76,263
5 Creditors: amounts falling due within one year 2024
£
Taxation and social security costs 14,324
Other creditors 120,923
135,247
6 Creditors: amounts falling due after one year 2024
£
Bank loans 330,000
7 Other information
Simpson Graham Limited is a private company limited by shares and incorporated in England. Its registered office is:
Central House
124 High Street
Hampton Hill
Middlesex
TW12 1NS
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