REGISTERED NUMBER: 10354263 (England and Wales)

Unaudited Financial Statements for the Year Ended 30 September 2024

for

Simply Renovations D.a. Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

A Board

P M Giles

D I Giles

REGISTERED OFFICE:

3 The Mill

Stuart Works

High street

Wordsley

DY8 4FA

REGISTERED NUMBER:

10354263 (England and Wales)

ACCOUNTANTS:

SRC Accountancy Services Limited

3 The Mill

Stuart Works

High Street

Wordsley

West Midlands

DY8 4FA

FIXED ASSETS

Tangible assets

4

72,533

72,214

CURRENT ASSETS

Stocks

10,000

10,000

Debtors

5

18,385

75,595

Cash at bank and in hand

6,079

60,208

34,464

145,803

CREDITORS

Amounts falling due within one year

6

281,953

199,879

NET CURRENT LIABILITIES

(247,489

)

(54,076

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(174,956

)

18,138

CREDITORS

Amounts falling due after more than one year

7

(77,924

)

(100,539

)

PROVISIONS FOR LIABILITIES

8

(18,133

)

-

NET LIABILITIES

(271,013

)

(82,401

)

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

(271,113

)

(82,501

)

(271,013

)

(82,401

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 26 September 2025 and were signed on its behalf by:

D I Giles - Director

1.	STATUTORY INFORMATION

Simply Renovations D.a. Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Going concern

The financial statements have been prepared on a going concern basis. During the year, the company experienced the loss of certain key contracts, which has had a material impact on its revenue and trading performance. The directors have undertaken a detailed review of the company’s financial position, including cash flow forecasts and future business prospects.

While the loss of contracts presents a challenge, the directors have identified alternative revenue opportunities and have implemented cost-saving measures to support the company’s financial stability. Based on these actions and the company’s current cash resources, the directors believe the company has sufficient funding to continue in operational existence for the foreseeable future. Accordingly, the financial statements have been prepared on a going concern basis.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2023 - 6 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Long

and

Motor

Computer

leasehold

fittings

vehicles

equipment

Totals

£

£

£

£

£

COST

At 1 October 2023

16,995

1,702

99,954

5,460

124,111

Additions

-

-

28,306

2,633

30,939

Disposals

-

-

(16,490

)

-

(16,490

)

At 30 September 2024

16,995

1,702

111,770

8,093

138,560

DEPRECIATION

At 1 October 2023

1,700

512

47,014

2,671

51,897

Charge for year

1,699

298

17,992

1,355

21,344

Eliminated on disposal

-

-

(7,214

)

-

(7,214

)

At 30 September 2024

3,399

810

57,792

4,026

66,027

NET BOOK VALUE

At 30 September 2024

13,596

892

53,978

4,067

72,533

At 30 September 2023

15,295

1,190

52,940

2,789

72,214

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.9.24

30.9.23

£

£

Trade debtors

8,469

65,282

Other debtors

9,916

10,313

18,385

75,595

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.9.24

30.9.23

£

£

Bank loans and overdrafts

21,183

8,333

Hire purchase contracts

17,823

17,075

Trade creditors

41,114

46,319

Taxation and social security

156,101

100,898

Other creditors

45,732

27,254

281,953

199,879

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

30.9.24

30.9.23

£

£

Bank loans

36,789

44,138

Hire purchase contracts

41,135

56,401

77,924

100,539

8.	PROVISIONS FOR LIABILITIES

30.9.24

30.9.23

£

£

Deferred tax

18,133

-

Deferred

tax

£

Provided during year

18,133

Balance at 30 September 2024

18,133

9.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 30 September 2024 and 30 September 2023:

30.9.24

30.9.23

£

£

A Board

Balance outstanding at start of year

-

-

Amounts advanced

3,199

-

Amounts repaid

-

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

3,199

-

D I Giles

Balance outstanding at start of year

-

-

Amounts advanced

577

-

Amounts repaid

-

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

577

-

P M Giles

Balance outstanding at start of year

-

-

Amounts advanced

377

-

Amounts repaid

-

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

377

-

Directors advances and credits provided in the year have been repaid within 9 months of the year end.