Acorah Software Products - Accounts Production 16.3.350 false true 31 December 2023 1 January 2023 false 1 January 2024 31 December 2024 31 December 2024 11110373 Mrs L A Simmons Mr T S Follows Mr A B Greatrex Mr C S Simmons iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 11110373 2023-12-31 11110373 2024-12-31 11110373 2024-01-01 2024-12-31 11110373 frs-core:CurrentFinancialInstruments 2024-12-31 11110373 frs-core:PlantMachinery 2024-12-31 11110373 frs-core:PlantMachinery 2024-01-01 2024-12-31 11110373 frs-core:PlantMachinery 2023-12-31 11110373 frs-core:ShareCapital 2024-12-31 11110373 frs-core:RetainedEarningsAccumulatedLosses 2024-12-31 11110373 frs-bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 11110373 frs-bus:FilletedAccounts 2024-01-01 2024-12-31 11110373 frs-bus:SmallEntities 2024-01-01 2024-12-31 11110373 frs-bus:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 11110373 frs-bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 11110373 frs-bus:OrdinaryShareClass1 2024-01-01 2024-12-31 11110373 frs-bus:OrdinaryShareClass1 2024-12-31 11110373 frs-bus:Director1 2024-01-01 2024-12-31 11110373 frs-bus:Director2 2024-01-01 2024-12-31 11110373 frs-bus:Director3 2024-01-01 2024-12-31 11110373 frs-bus:Director4 2024-01-01 2024-12-31 11110373 frs-countries:EnglandWales 2024-01-01 2024-12-31 11110373 2022-12-31 11110373 2023-12-31 11110373 2023-01-01 2023-12-31 11110373 frs-core:CurrentFinancialInstruments 2023-12-31 11110373 frs-core:ShareCapital 2023-12-31 11110373 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31 11110373 frs-bus:OrdinaryShareClass1 2023-01-01 2023-12-31
Registered number: 11110373
Simwood Trading Limited
Unaudited Financial Statements
For The Year Ended 31 December 2024
Deans
Gibson House Hurricane Close
Stafford
Staffordshire
ST16 1GZ
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 11110373
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 110 147
110 147
CURRENT ASSETS
Stocks 254,768 -
Debtors 5 31,142 7,443
Cash at bank and in hand 212,341 4,094
498,251 11,537
Creditors: Amounts Falling Due Within One Year 6 (486,841 ) (2,921 )
NET CURRENT ASSETS (LIABILITIES) 11,410 8,616
TOTAL ASSETS LESS CURRENT LIABILITIES 11,520 8,763
NET ASSETS 11,520 8,763
CAPITAL AND RESERVES
Called up share capital 7 1 1
Profit and Loss Account 11,519 8,762
SHAREHOLDERS' FUNDS 11,520 8,763
Page 1
Page 2
For the year ending 31 December 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 directors acknowledge their 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr A B Greatrex
Director
Mr C S Simmons
Director
14 April 2025
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Simwood Trading Limited is a private company, limited by shares, registered in England & Wales.  The company's registered number and registered office address can be found on the Company Information page.
2. Accounting Policies
2.1. Basis of Preparation of 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.
The financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest £.
The significant accounting policies applied in the preparation of these financial statements are set out below.  These policies have been consistently applied to all years presented unless otherwise stated.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of VAT and trade discounts.  The policies adopted for the recognition of turnover are as follows:
Construction contracts
When the outcome of a construction contract can be estimated reliably, contract costs and turnover are recognised by reference to the stage of completion at the balance sheet date. Stage of completion is measured by reference to the cost of work completed. Where the outcome cannot be measured reliably, contract costs are recognised as an expense in the period in which they are incurred and contract turnover is recognised to the extent of costs incurred that it is probable will be recoverable. When it is probable that contract costs will exceed the total contract turnover, the expected loss is recognised as an expense immediately, with a corresponding provision.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are stated at cost less accumulated depreciation.  Cost includes costs directly attributable to making the asset capable of operating as intended.  Depreciation is provided at the following rates in order to write off each asset over its estimated useful life.
Plant & Machinery 25% on reducing balance.
2.4. Stocks and Work in Progress
Stocks and work in progress are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all cost of purchase, cost of conversion and other costs incurred in bringing stock to its present location and condition. 
2.5. Taxation
Taxation for the year comprises current and deferred tax.  Tax is recognised in the Profit and Loss Account, 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.
2.6. Debtors and creditors receivable / payable within one year
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price.  Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.
3. Average Number of Employees
Average number of employees, including directors, during 2024 was: 4 (2023: 4)
4 4
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4. Tangible Assets
Plant & Machinery
£
Cost
As at 1 January 2024 618
As at 31 December 2024 618
Depreciation
As at 1 January 2024 471
Provided during the period 37
As at 31 December 2024 508
Net Book Value
As at 31 December 2024 110
As at 1 January 2024 147
5. Debtors
2024 2023
£ £
Due within one year
Prepayments and accrued income 8,220 6,486
VAT 22,922 -
Amounts owed by group undertakings - 957
31,142 7,443
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 10,711 -
Corporation tax 655 616
VAT - 49
Accruals and deferred income 1,260 1,660
Directors' loan accounts 596 596
Amounts owed to group undertakings 473,619 -
486,841 2,921
7. Share Capital
2024 2023
Allotted, called up and fully paid £ £
1 Ordinary Shares of £ 1.00 each 1 1
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