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REGISTERED NUMBER: 09207788 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 September 2024

for

Simeous Ltd

Simeous Ltd (Registered number: 09207788)






Contents of the Financial Statements
for the Year Ended 30 September 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Simeous Ltd

Company Information
for the Year Ended 30 September 2024







DIRECTORS: T Ingleton
Ms F Gill





SECRETARIES: Ms F Gill
G Ingleton





REGISTERED OFFICE: 26 Hercules Way
Aero Park
Farnborough
Hampshire
GU14 6UU





REGISTERED NUMBER: 09207788 (England and Wales)





ACCOUNTANTS: Blackwood Futcher & Co.
Chartered Accountants
9 St George's Yard
Farnham
Surrey
GU9 7LW

Simeous Ltd (Registered number: 09207788)

Balance Sheet
30 September 2024

30.9.24 30.9.23
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 85,484 109,834

CURRENT ASSETS
Debtors 5 74,396 68,540
Cash at bank 523,312 662,995
597,708 731,535
CREDITORS
Amounts falling due within one year 6 212,625 146,723
NET CURRENT ASSETS 385,083 584,812
TOTAL ASSETS LESS CURRENT
LIABILITIES

470,567

694,646

CREDITORS
Amounts falling due after more than one
year

7

(79,480

)

(86,717

)

PROVISIONS FOR LIABILITIES (21,371 ) (27,335 )
NET ASSETS 369,716 580,594

CAPITAL AND RESERVES
Called up share capital 400 400
Retained earnings 369,316 580,194
SHAREHOLDERS' FUNDS 369,716 580,594

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 31 October 2024 and were signed on its behalf by:





T Ingleton - Director


Simeous Ltd (Registered number: 09207788)

Notes to the Financial Statements
for the Year Ended 30 September 2024

1. STATUTORY INFORMATION

Simeous 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.

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 of the company conveyancing activities and represents amounts receivable for services rendered, stated net of discounts and of Value Added Tax.

The company recognises revenue when the amount of revenue can be measured reliably, when it is probable that future economic benefits will flow to the entity.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Improvements to property - 50% on cost
Office equipment - 50% on cost
Motor vehicles - 25% on cost
Computer equipment - 50% on cost

Tangible fixed assets are carried at cost less accumulated depreciation and accumulated impairment losses.

On disposal, the difference between the net disposal proceeds and the carrying amount of the item sold is recognised in profit or loss.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Simeous Ltd (Registered number: 09207788)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024

2. ACCOUNTING POLICIES - continued

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 14 (2023 - 13 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 October 2023 197,729
Additions 11,287
At 30 September 2024 209,016
DEPRECIATION
At 1 October 2023 87,895
Charge for year 35,637
At 30 September 2024 123,532
NET BOOK VALUE
At 30 September 2024 85,484
At 30 September 2023 109,834

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£   
COST
At 1 October 2023
and 30 September 2024 112,978
DEPRECIATION
At 1 October 2023 9,415
Charge for year 28,245
At 30 September 2024 37,660
NET BOOK VALUE
At 30 September 2024 75,318
At 30 September 2023 103,563

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Trade debtors 2,625 4,446
Other debtors 71,771 64,094
74,396 68,540

Simeous Ltd (Registered number: 09207788)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Hire purchase contracts 7,237 3,977
Trade creditors 249 64
Taxation and social security 194,385 135,915
Other creditors 10,754 6,767
212,625 146,723

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
30.9.24 30.9.23
£    £   
Hire purchase contracts 79,480 86,717