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Registered Number: 11316394
England & Northern Ireland

 

 

 

SIMON ACRES GROUP LTD


Unaudited Financial Statements
 


Period of accounts

Start date: 01 May 2024

End date: 30 April 2025
Directors Simon Acres
James Gibson
Jordan Burns
Kordian Pach
Tobias Waltham
Registered Number 11316394
Registered Office Atlanta House
Higham Ferrers
Rushden
Northants
NN10 8DN
Accountants Denton Tavara Ltd
61a High Street South
Rushden
NN10 0RA
1
Director's report and financial statements
The directors present his/her/their annual report and the financial statements for the year ended 30 April 2025.
Principal activities
Principal activity of the company during the financial year was of recruitment agency.
Directors
The directors who served the company throughout the year were as follows:
Simon Acres
James Gibson
Jordan Burns
Kordian Pach
Tobias Waltham (from 02/12/2024)
Statement of directors' responsibilities
The directors are responsible for preparing the directors' report and the financial statements in accordance with applicable law and regulations and in accordance with United Kingdom Generally Accepted Accounting Practice.
Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and the profit or loss of the company for that period.
In preparing these financial statements, the directors are required to :
  • select suitable accounting policies and then apply them consistently
  • make judgements and accounting estimates that are reasonable and prudent
  • state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements and
  • prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.
The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company’s transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. The directors are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
The directors are responsible for the maintenance and integrity of the corporate and financial information included on the company's website. Legislation in the United Kingdom, governing the preparation and dissemination of financial statements, may differ from legislation in other jurisdictions

This report was approved by the board and signed on its behalf by:


----------------------------------
Simon Acres
Director

Date approved: 08 May 2025
2
Accountants report
You consider that the company is exempt from an audit for the year ended 30 April 2025 . You have acknowledged, on the Statement of Financial Position , your responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. These responsibilities include preparing accounts that give a true and fair view of the state of affairs of the company at the end of the financial year and of its profit or loss for the financial year.
In accordance with your instructions, we have prepared the accounts which comprise the Income Statement, the Statement of Comprehensive Income, the Statement of Financial Position, the Statement of Changes in Equity and the related notes from the accounting records of the company and on the basis of information and explanations you have given to us.
We have not carried out an audit or any other review, and consequently we do not express any opinion on these accounts.



....................................................

Denton Tavara Ltd

61a High Street South
Rushden
NN10 0RA
08 May 2025
3
 
 
Notes
 
2025
£
  2024
£
Fixed assets      
Intangible fixed assets 3 3,500    3,500 
Tangible fixed assets 4 35,572    31,008 
39,072    34,508 
Current assets      
Work in Progress 5 67,800   
Debtors 6 172,631    34,678 
Cash at bank and in hand 50    27,191 
240,481    61,869 
Creditors: amount falling due within one year 7 (161,196)   (297,928)
Net current assets 79,285    (236,059)
 
Total assets less current liabilities 118,357    (201,551)
Creditors: amount falling due after more than one year 8 (106,931)   (70,220)
Net assets 11,426    (271,771)
 

Capital and reserves
     
Called up share capital 1,000    1,000 
Share premium account 9 2,625    1,950 
Profit and loss account 7,801    (274,721)
Shareholders' funds 11,426    (271,771)
 


For the year ended 30 April 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
  2. 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.
These 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 to the Registrar of Companies.
The financial statements were approved by the board of directors on 08 May 2025 and were signed on its behalf by:


-------------------------------
Simon Acres
Director
4
General Information
Simon Acres Group Ltd is a private company, limited by shares, registered in England & Northern Ireland, registration number 11316394, registration address Atlanta House, Higham Ferrers, Rushden, Northants, NN10 8DN.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
Statement of compliance
These financial statements have been prepared in compliance with FRS 102 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Basis of preparation
The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.
The financial statements are prepared in sterling which is the functional currency of the company.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Government grants
Government grants received are credited to deferred income. Grants towards capital expenditure are released to the income statement over the expected useful life of the assets. Grants received towards revenue expenditure are released to the income statement as the related expenditure is incurred.
Taxation
Taxation represents the sum of tax currently payable and deferred tax. Tax is recognised in the statement of income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves.
The company’s liability for current tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Current and deferred tax assets and liabilities are not discounted
Deferred taxation
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the reporting date.
Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the reporting date 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.
Current and deferred tax assets and liabilities are not discounted.
Intangible assets
Intangible assets (including purchased goodwill and patents) are amortised at rates calculated to write off the assets on a straight line basis over their estimated useful economic lives. Impairment of intangible assets is only reviewed where circumstances indicate that the carrying value of an asset may not be fully recoverable.
Goodwill
Acquired goodwill is stated at cost less amortisation. Amortisation is calculated on a straight line basis over the estimated expected useful economic life of the goodwill of years.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Motor Vehicles 25% Reducing Balance
Fixtures and Fittings 15% Reducing Balance
Computer Equipment 25% Reducing Balance
Stocks
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
2.

Average number of employees

Average number of employees during the year was 20 (2024 : 16).
3.

Intangible fixed assets

Cost Goodwill   Total
  £   £
At 01 May 2024 3,500    3,500 
Additions  
Disposals  
At 30 April 2025 3,500    3,500 
Net book values
At 30 April 2025 3,500    3,500 
At 30 April 2024 3,500    3,500 


4.

Tangible fixed assets

Cost or valuation Motor Vehicles   Fixtures and Fittings   Computer Equipment   Total
  £   £   £   £
At 01 May 2024 4,878    45,083    7,658    57,619 
Additions 7,000        7,000 
Disposals      
At 30 April 2025 11,878    45,083    7,658    64,619 
Depreciation
At 01 May 2024 4,464    15,594    6,555    26,613 
Charge for year 898    711    825    2,434 
On disposals      
At 30 April 2025 5,362    16,305    7,380    29,047 
Net book values
Closing balance as at 30 April 2025 6,516    28,778    278    35,572 
Opening balance as at 01 May 2024 416    29,489    1,103    31,008 


5.

Work in Progress

2025
£
  2024
£
Closing Work In Progress 67,800   
67,800   

6.

Debtors: amounts falling due within one year

2025
£
  2024
£
Trade Debtors 169,910    32,731 
Other Debtors 2,721    1,947 
172,631    34,678 

7.

Creditors: amount falling due within one year

2025
£
  2024
£
Trade Creditors 8,306    19,491 
Bank Loans & Overdrafts 17,957    18,983 
PAYE & Social Security 34,717    154,345 
Accruals 16,911    3,941 
Other Creditors 2,261    62,121 
Directors' Current Accounts 3,622    10,785 
VAT 77,422    28,262 
161,196    297,928 

8.

Creditors: amount falling due after more than one year

2025
£
  2024
£
Bank Loans and Overdrafts   15,220 
Other Creditors 86,931   
Directors' Loan Accounts 20,000    55,000 
106,931    70,220 

9.

Share premium account

2025
£
  2024
£
Equity Share Premium b/fwd 1,950   
Equity Share Premium - New Issue 675    1,950 
2,625    1,950 

5