Simon Phipps Associates Ltd

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—4

Registered number: 08086744

		14 October 2024		14 October 2023
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		4,661		5,436

			4,661		5,436
CURRENT ASSETS
Cash at bank and in hand		-		437

		-		437
Creditors: Amounts Falling Due Within One Year	5	(31,292 )		(28,722 )

NET CURRENT ASSETS (LIABILITIES)			(31,292 )		(28,285 )

TOTAL ASSETS LESS CURRENT LIABILITIES			(26,631 )		(22,849 )

Creditors: Amounts Falling Due After More Than One Year	6		(463 )		(829 )

NET LIABILITIES			(27,094 )		(23,678 )

CAPITAL AND RESERVES
Called up share capital	7		1		1
Profit and Loss Account			(27,095 )		(23,679 )

SHAREHOLDERS' FUNDS			(27,094)		(23,678)

Page 1

Page 2

Simon Phipps Associates Ltd

Balance Sheet (continued)

As At 14 October 2024

For the year ending 14 October 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The director acknowledges his 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.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Mr Simon Phipps

Director

02/10/2025

The notes on pages 3 to 4 form part of these financial statements.

1. General Information

Simon Phipps Associates Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 08086744 . The registered office is Riverside House, 3 Place Farm, Wheathampstead, St. Albans, AL4 8SB.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

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

2.2. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Fixtures & Fittings	20% Straight Line
Computer Equipment	20% Straight Line

3. Average Number of Employees

Average number of employees, including directors, during the year was: 1 (2023: 1)

4. Tangible Assets

	Fixtures & Fittings	Computer Equipment	Total
	£	£	£
Cost
As at 15 October 2023	4,850	2,248	7,098

As at 14 October 2024	4,850	2,248	7,098

Depreciation
As at 15 October 2023	485	1,177	1,662
Provided during the period	485	290	775

As at 14 October 2024	970	1,467	2,437

Net Book Value
As at 14 October 2024	3,880	781	4,661

As at 15 October 2023	4,365	1,071	5,436

5. Creditors: Amounts Falling Due Within One Year

	14 October 2024	14 October 2023
	£	£
Bank loans and overdrafts	3,755	654
Other creditors	27,537	22,870
Taxation and social security	-	5,198

	31,292	28,722

6. Creditors: Amounts Falling Due After More Than One Year

	14 October 2024	14 October 2023
	£	£
Bank loans	463	829

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Simon Phipps Associates Ltd

Notes to the Financial Statements (continued)

For The Year Ended 14 October 2024

7. Share Capital

	14 October 2024	14 October 2023
	£	£
Allotted, Called up and fully paid	1	1