Company Registration No. 07505446 (England and Wales)
Simvic Limited
Unaudited accounts
for the year ended 31 December 2024
Simvic Limited
Unaudited accounts
Contents
Simvic Limited
Company Information
for the year ended 31 December 2024
Directors
R Arasniewicz
D Arasniewicz
Company Number
07505446 (England and Wales)
Registered Office
Unit 4 Ford Road
Forwater Trading Estate
Chertsey
KT16 8HG
Simvic Limited
Statement of financial position
as at 31 December 2024
Tangible assets
18,853
30,138
Debtors
1,382,711
1,347,719
Cash at bank and in hand
1,310,674
1,409,973
Creditors: amounts falling due within one year
(790,680)
(1,014,774)
Net current assets
1,982,183
1,781,772
Total assets less current liabilities
2,001,036
1,811,910
Creditors: amounts falling due after more than one year
(5,205)
(22,065)
Provisions for liabilities
Other provisions
(100,000)
(100,000)
Net assets
1,895,831
1,689,845
Called up share capital
100
100
Profit and loss account
1,895,731
1,689,745
Shareholders' funds
1,895,831
1,689,845
For the year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 24 September 2025 and were signed on its behalf by
R Arasniewicz
Director
Company Registration No. 07505446
Simvic Limited
Notes to the Accounts
for the year ended 31 December 2024
Simvic Limited is a private company, limited by shares, registered in England and Wales, registration number 07505446. The registered office is Unit 4 Ford Road, Forwater Trading Estate, Chertsey, KT16 8HG.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% Straight line
Motor vehicles
25% Reducing value
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term.
Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
Simvic Limited
Notes to the Accounts
for the year ended 31 December 2024
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Total
Cost or valuation
At cost
At cost
At 1 January 2024
207,352
246,494
453,846
At 31 December 2024
207,352
246,494
453,846
At 1 January 2024
202,352
221,356
423,708
Charge for the year
5,000
6,285
11,285
At 31 December 2024
207,352
227,641
434,993
At 31 December 2024
-
18,853
18,853
At 31 December 2023
5,000
25,138
30,138
Amounts falling due within one year
Trade debtors
372,362
268,949
Accrued income and prepayments
25,357
10,270
Other debtors
984,992
1,068,500
6
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
10,148
9,948
Trade creditors
139,047
150,507
Taxes and social security
93,423
126,595
Other creditors
13,246
13,177
Loans from directors
290,287
420,292
7
Creditors: amounts falling due after more than one year
2024
2023
Obligations under finance leases and hire purchase contracts
543
7,063
8
Average number of employees
During the year the average number of employees was 9 (2023: 9).