Simon Graeme Ltd - Filleted accounts

Registered number

04606724

Simon Graeme Ltd

Unaudited Filleted Accounts

31 December 2024

Simon Graeme Ltd
Registered number:		04606724
Balance Sheet
as at 31 December 2024

Notes			2024			2023
£				£
Fixed assets
Tangible assets	4		228,936			206,100

Current assets
Stocks		12,000			12,000
Debtors	5	162,516			121,025
Cash at bank and in hand		54,375			76,623
		228,891			209,648

Creditors: amounts falling due within one year	6	(144,710)			(142,772)

Net current assets			84,181			66,876

Total assets less current liabilities			313,117			272,976

Creditors: amounts falling due after more than one year	7		(18,333)			(972)

Provisions for liabilities			(28,246)			(22,079)


Net assets			266,538			249,925

Capital and reserves
Called up share capital			10			10
Profit and loss account			266,528			249,915

Shareholders' funds			266,538			249,925

The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
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.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.




S A Graeme
Director
Approved by the board on 17 July 2025

Simon Graeme Ltd
Notes to the Accounts
for the year ended 31 December 2024


1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	Intangible fixed assets
	Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.

	Tangible fixed assets
	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

	Freehold buildings			over 50 years
	Leasehold land and buildings			over the lease term
	Plant and machinery			over 5 years
	Fixtures, fittings, tools and equipment			over 5 years

	Leased assets
	A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership. All other leases are classified as operating leases. The rights of use and obligations under finance leases are initially recognised as assets and liabilities at amounts equal to the fair value of the leased assets or, if lower, the present value of the minimum lease payments. Minimum lease payments are apportioned between the finance charge and the reduction in the outstanding liability using the effective interest rate method. The finance charge is allocated to each period during the lease so as to produce a constant periodic rate of interest on the remaining balance of the liability. Leased assets are depreciated in accordance with the company's policy for tangible fixed assets. If there is no reasonable certainty that ownership will be obtained at the end of the lease term, the asset is depreciated over the lower of the lease term and its useful life. Operating lease payments are recognised as an expense on a straight line basis over the lease term.

	Pensions
	Contributions to defined contribution plans are expensed in the period to which they relate.


2	Employees					2024		2023
Number							Number

	Average number of persons employed by the company					9		9


3	Intangible fixed assets							£
	Goodwill:

	Cost
	At 1 January 2024							30,000
	At 31 December 2024							30,000

	Amortisation
	At 1 January 2024							30,000
	At 31 December 2024							30,000

	Net book value
	At 31 December 2024							-

	Goodwill is being written off in equal annual instalments over its estimated economic life of 20 years.


4	Tangible fixed assets
		Land and buildings		Plant and machinery etc		Motor vehicles		Total
£			£		£		£
	Cost
	At 1 January 2024	64,955		441,675		186,392		693,022
	Additions	-		31,206		73,712		104,918
	Disposals	-		-		(46,627)		(46,627)
	At 31 December 2024	64,955		472,881		213,477		751,313

	Depreciation
	At 1 January 2024	44,547		335,693		106,682		486,922
	Charge for the year	2,598		27,438		33,788		63,824
	On disposals	-		-		(28,369)		(28,369)
	At 31 December 2024	47,145		363,131		112,101		522,377

	Net book value
	At 31 December 2024	17,810		109,750		101,376		228,936
	At 31 December 2023	20,408		105,982		79,710		206,100


5	Debtors					2024		2023
£							£

	Trade debtors					46,984		40,828
	Other debtors					49,803		-
	Bad Debt Provision					(4,176)		(4,176)
	Prepayments					2,518		2,315
	Director's Current Account					67,387		82,058
						162,516		121,025


6	Creditors: amounts falling due within one year					2024		2023
£							£

	Obligations under finance lease and hire purchase contracts					14,306		11,667
	Trade creditors					72,598		58,297
	Taxation and social security costs					55,945		70,592
	Other creditors					1,861		2,216
						144,710		142,772


7	Creditors: amounts falling due after one year					2024		2023
£							£

	Obligations under finance lease and hire purchase contracts					18,333		972


8	Loans to directors
	Description and conditions	B/fwd	Paid		Repaid		C/fwd
£			£		£		£
	Mr Simon Graeme
	[Loan 1]	82,058		-		(82,058)		-
	[Loan 2]	-		67,387		-		67,387

		82,058		67,387		(82,058)		67,387


9	Other information

	Simon Graeme Ltd is a private company limited by shares and incorporated in England. Its registered office is:
	Greystone Plain Farm
	Hampsthwaite
	Harrogate
	HG3 2LY