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REGISTERED NUMBER: 10483825 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

SIMON CORNALL ASSOCIATES LTD

SIMON CORNALL ASSOCIATES LTD (REGISTERED NUMBER: 10483825)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


SIMON CORNALL ASSOCIATES LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2024







DIRECTORS: S L Cornall
Mrs L M Cornall
R Cornall





REGISTERED OFFICE: Empress House
43a Binley Road
Coventry
West Midlands
CV3 1HU





REGISTERED NUMBER: 10483825 (England and Wales)





ACCOUNTANTS: Walker Thompson Ltd
Accountants and Registered Auditors
Empress House
43A Binley Road
Coventry
CV3 1HU

SIMON CORNALL ASSOCIATES LTD (REGISTERED NUMBER: 10483825)

BALANCE SHEET
31 DECEMBER 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 24,967 33,775

CURRENT ASSETS
Debtors 5 36,680 11,094
Cash at bank 5,718 31,554
42,398 42,648
CREDITORS
Amounts falling due within one year 6 15,106 13,500
NET CURRENT ASSETS 27,292 29,148
TOTAL ASSETS LESS CURRENT
LIABILITIES

52,259

62,923

CAPITAL AND RESERVES
Called up share capital 7 2 2
Retained earnings 8 52,257 62,921
SHAREHOLDERS' FUNDS 52,259 62,923

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 25 March 2025 and were signed on its behalf by:





S L Cornall - Director


SIMON CORNALL ASSOCIATES LTD (REGISTERED NUMBER: 10483825)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

1. STATUTORY INFORMATION

Simon Cornall Associates Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

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 is recognised in the accounting period in which goods are supplied to customers.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Office equipment - 33%
Motor Vehicles - 25%

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 4 ) .

SIMON CORNALL ASSOCIATES LTD (REGISTERED NUMBER: 10483825)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024

4. TANGIBLE FIXED ASSETS
Motor Office
vehicles equipment Totals
£    £    £   
COST
At 1 January 2024
and 31 December 2024 60,385 2,117 62,502
DEPRECIATION
At 1 January 2024 27,897 830 28,727
Charge for year 8,122 686 8,808
At 31 December 2024 36,019 1,516 37,535
NET BOOK VALUE
At 31 December 2024 24,366 601 24,967
At 31 December 2023 32,488 1,287 33,775

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 36,680 10,314
VAT recoverable - 780
36,680 11,094

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 1,761 -
Tax 10,520 11,962
VAT 768 -
Directors' loan 908 456
Accrued expenses 1,149 1,082
15,106 13,500

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
10 Ordinary A 10p 1 1
10 Ordinary B 10p 1 1
2 2

SIMON CORNALL ASSOCIATES LTD (REGISTERED NUMBER: 10483825)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024

8. RESERVES
Retained
earnings
£   

At 1 January 2024 62,921
Profit for the year 41,336
Dividends (52,000 )
At 31 December 2024 52,257