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Registered number: 12694017
SPE Simpson Ltd
Unaudited Financial Statements
For The Year Ended 30 November 2024
Search Accountancy Limited
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 12694017
30 November 2024 30 November 2023
Notes £ £ £ £
FIXED ASSETS
CURRENT ASSETS
Debtors 4 65,898 148,990
Cash at bank and in hand 89,690 1
155,588 148,991
Creditors: Amounts Falling Due Within One Year 5 (1,200 ) -
NET CURRENT ASSETS (LIABILITIES) 154,388 148,991
TOTAL ASSETS LESS CURRENT LIABILITIES 154,388 148,991
NET ASSETS 154,388 148,991
CAPITAL AND RESERVES
Called up share capital 6 1 1
Profit and Loss Account 154,387 148,990
SHAREHOLDERS' FUNDS 154,388 148,991
Page 1
Page 2
For the year ending 30 November 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his 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 S Ellam
Director
17/07/2025
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
SPE Simpson Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 12694017 . The registered office is Atlas House, 31 King Street, Leeds, LS1 2HL.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Research and Development
In the research phase of an internal project it is not possible to demonstrate that the project will generate future economic benefits and hence all expenditure on research is recognised as an expense when it is incurred. Intangible assets are recognised from the development phase of a project if and only if certain specific criteria are met in order to demonstrate the asset will generate probable future economic benefits and that its cost can be reliably measured. The capitalised development costs are subsequently amortised to ... on a straight line basis over their expected useful economic lives, which range from ... to ... years.
If it is not possible to distinguish between the research phase and the development phase of an internal project the expenditure is treated as if it were all incurred in the research phase only.
2.3. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
3. Average Number of Employees
Average number of employees, including directors, during the year was: NIL (2023: NIL)
- -
4. Debtors
30 November 2024 30 November 2023
£ £
Due within one year
Other debtors 1,319 90,052
Due after more than one year
Amounts owed by group undertakings 64,579 58,938
65,898 148,990
5. Creditors: Amounts Falling Due Within One Year
30 November 2024 30 November 2023
£ £
Other creditors 1,200 -
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Page 4
6. Share Capital
30 November 2024 30 November 2023
£ £
Allotted, Called up and fully paid 1 1
7. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 December 2023 Amounts advanced Amounts repaid Amounts written off As at 30 November 2024
£ £ £ £ £
Mr Scott Ellam 90,052 1,319 90,052 - 1,319
The above loan is unsecured, interest free and repayable on demand.
8. Related Party Transactions
Amount due from the Related Party PW Cresco Limited as at the balance sheet date was £64,578.87 (2023: £58,937.87).
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