Simon Fielding Limited 07040423 false 2023-12-01 2024-11-30 2024-11-30 The principal activity of the company is Other business support service activities not elsewhere classified Digita Accounts Production Advanced 6.30.9574.0 true 07040423 2023-12-01 2024-11-30 07040423 2024-11-30 07040423 core:CurrentFinancialInstruments core:WithinOneYear 2024-11-30 07040423 core:FurnitureFittingsToolsEquipment 2024-11-30 07040423 core:MotorVehicles 2024-11-30 07040423 bus:SmallEntities 2023-12-01 2024-11-30 07040423 bus:AuditExemptWithAccountantsReport 2023-12-01 2024-11-30 07040423 bus:FilletedAccounts 2023-12-01 2024-11-30 07040423 bus:SmallCompaniesRegimeForAccounts 2023-12-01 2024-11-30 07040423 bus:RegisteredOffice 2023-12-01 2024-11-30 07040423 bus:Director1 2023-12-01 2024-11-30 07040423 bus:PrivateLimitedCompanyLtd 2023-12-01 2024-11-30 07040423 core:FurnitureFittingsToolsEquipment 2023-12-01 2024-11-30 07040423 core:MotorVehicles 2023-12-01 2024-11-30 07040423 countries:England 2023-12-01 2024-11-30 07040423 2023-11-30 07040423 core:FurnitureFittingsToolsEquipment 2023-11-30 07040423 core:MotorVehicles 2023-11-30 07040423 2022-12-01 2023-11-30 07040423 2023-11-30 07040423 core:CurrentFinancialInstruments core:WithinOneYear 2023-11-30 07040423 core:FurnitureFittingsToolsEquipment 2023-11-30 07040423 core:MotorVehicles 2023-11-30 iso4217:GBP xbrli:pure

Registration number: 07040423

Simon Fielding Limited

Unaudited Filleted Financial Statements

for the Year Ended 30 November 2024

 

Simon Fielding Limited

Contents

Balance Sheet

1

Notes to the Unaudited Financial Statements

2 to 4

 

Simon Fielding Limited

(Registration number: 07040423)
Balance Sheet as at 30 November 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

7,458

8,852

Current assets

 

Stocks

5

13,272

14,886

Cash at bank and in hand

 

61,397

96,958

 

74,669

111,844

Creditors: Amounts falling due within one year

6

(10,874)

(21,208)

Net current assets

 

63,795

90,636

Net assets

 

71,253

99,488

Capital and reserves

 

Called up share capital

1

1

Retained earnings

71,252

99,487

Shareholders' funds

 

71,253

99,488

For the financial 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.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act 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. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 2 July 2025
 

.........................................
Mr Simon Fielding
Director

 

Simon Fielding Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2024

1

General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
41 Sussex Way
London
N7 6RT
England

These financial statements were authorised for issue by the director on 2 July 2025.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

 

Simon Fielding Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2024

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 2 (2023 - 2).

 

Simon Fielding Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2024

4

Tangible assets

Furniture, fittings and equipment
 £

Motor vehicles
 £

Total
£

Cost or valuation

At 1 December 2023

7,931

17,000

24,931

Additions

338

-

338

At 30 November 2024

8,269

17,000

25,269

Depreciation

At 1 December 2023

2,609

13,470

16,079

Charge for the year

849

883

1,732

At 30 November 2024

3,458

14,353

17,811

Carrying amount

At 30 November 2024

4,811

2,647

7,458

At 30 November 2023

5,322

3,530

8,852

5

Stocks

2024
£

2023
£

Work in progress

13,272

14,886

6

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Due within one year

Trade creditors

122

1,251

Taxation and social security

5,846

15,731

Accruals and deferred income

4,877

3,941

Other creditors

29

285

10,874

21,208