Simon Davenport Associates Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 06917481

Simon Davenport Associates Limited

Filleted Unaudited Financial Statements

31 March 2025

Simon Davenport Associates Limited

Statement of Financial Position

31 March 2025

	2025		2024
Note	£	£	£

Fixed assets

Tangible assets	5		5,686	1,800

Current assets

Debtors	6	315,475	234,273
Cash at bank and in hand		467,029	282,739
		---------	---------
		782,504	517,012

Creditors: amounts falling due within one year	7	378,508		227,273
		---------		---------
Net current assets			403,996	289,739
			---------	---------
Total assets less current liabilities			409,682	291,539
			---------	---------
Net assets			409,682	291,539
			---------	---------

Capital and reserves

Called up share capital	100	100
Profit and loss account	409,582	291,439
	---------	---------
Shareholders funds	409,682	291,539
	---------	---------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.

For the year ending 31 March 2025 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 financial statements for the year in question in accordance with section 476 ;

- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

Simon Davenport Associates Limited

Statement of Financial Position (continued)

31 March 2025

These financial statements were approved by the board of directors and authorised for issue on 23 September 2025 , and are signed on behalf of the board by:

R Van Ot
Director

Company registration number: 06917481

Simon Davenport Associates Limited

Notes to the Financial Statements

Year ended 31 March 2025

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 29 Farm Street, London, W1J 5RL.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis. The financial statements are prepared in sterling, which is the functional currency of the entity. Revenue recognition Turnover is measured at the fair value of the consideration received or receivable and represents amounts for services rendered, stated net of discounts and of Value Added Tax. Turnover is recognised when the right to consideration has arisen under the performance of a contract. Consideration accrues as the contract progresses by reference to the value of work performed. Income tax The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date. Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the 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. Foreign currencies Foreign currency transactions are initially recorded in the functional currency, by applying the spot exchange rate as at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the exchange rate ruling at the reporting date, with any gains or losses being taken to the profit and loss account. Tangible assets Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Depreciation Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Vehicle	-	33% straight line
Computer equipment	-	20% - 50% straight line

Impairment of fixed assets A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

Financial instruments

A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost. Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 9 (2024: 8 ).

5. Tangible assets

	Vehicles	Equipment	Total
	£	£	£
Cost
At 1 April 2024	658	12,506	13,164
Additions	–	5,831	5,831
	----	--------	--------
At 31 March 2025	658	18,337	18,995
	----	--------	--------
Depreciation
At 1 April 2024	293	11,071	11,364
Charge for the year	219	1,726	1,945
	----	--------	--------
At 31 March 2025	512	12,797	13,309
	----	--------	--------
Carrying amount
At 31 March 2025	146	5,540	5,686
	----	--------	--------
At 31 March 2024	365	1,435	1,800
	----	--------	--------

6. Debtors

	2025	2024
	£	£
Trade debtors	293,855	214,713
Other debtors	21,620	19,560
	---------	---------
	315,475	234,273
	---------	---------

7. Creditors: amounts falling due within one year

	2025	2024
	£	£
Trade creditors	41,076	11,455
Corporation tax	125,866	66,178
Social security and other taxes	200,741	141,091
Other creditors	10,825	8,549
	---------	---------
	378,508	227,273
	---------	---------

8. Operating leases

The total future minimum lease payments under non-cancellable operating leases are as follows:

	2025	2024
	£	£
Not later than 1 year	54,960	7,595
Later than 1 year and not later than 5 years	57,720	–
	---------	-------
	112,680	7,595
	---------	-------