Company Registration No. 7381686 (England and Wales)
SIMEIO SOLUTIONS LIMITED
Unaudited accounts
for the year ended 31 December 2019
SIMEIO SOLUTIONS LIMITED
Unaudited accounts
Contents
SIMEIO SOLUTIONS LIMITED
Company Information
for the year ended 31 December 2019
Directors
Hemen Vimadalal
Elizabeth Shannon
Craig Daniel Rosenberg
Christopher Schueler
Company Number
7381686 (England and Wales)
Registered Office
Royal Mail House
Terminus Terrace, Suite 10
Southampton
Hampshire
SO14 3FD
UK
Accountants
Business Accounting and Tax Ltd
57 Ullswater Avenue
West End
Southampton
Hamphire
SO18 3QS
SIMEIO SOLUTIONS LIMITED
Statement of financial position
as at 31 December 2019
Cash at bank and in hand
155,318
170,645
Creditors: amounts falling due within one year
(205,993)
(304,895)
Net current assets
46,887
240,409
Called up share capital
1,000
1,000
Profit and loss account
45,887
239,409
Shareholders' funds
46,887
240,409
For the year ending 31 December 2019 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 26 October 2020 and were signed on its behalf by
Craig Daniel Rosenberg
Director
Company Registration No. 7381686
SIMEIO SOLUTIONS LIMITED
Notes to the Accounts
for the year ended 31 December 2019
SIMEIO SOLUTIONS LIMITED is a private company, limited by shares, registered in England and Wales, registration number 7381686. The registered office is Royal Mail House , Terminus Terrace, Suite 10, Southampton, Hampshire, SO14 3FD, UK.
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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.
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Tangible fixed assets policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
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Tangible fixed assets
Computer equipment
Trade debtors
5,380
26,516
Amounts due from group undertakings etc.
88,051
347,143
SIMEIO SOLUTIONS LIMITED
Notes to the Accounts
for the year ended 31 December 2019
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Creditors: amounts falling due within one year
2019
2018
Trade creditors
5,541
(599)
Amounts owed to group undertakings and other participating interests
173,192
266,672
Taxes and social security
14,568
33,261
Other creditors
6,892
2,061
Allotted, called up and fully paid:
1,000 Ordinary shares of £1 each
1,000
1,000
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Transactions with related parties
Simeio Solutions Limited provided IT services to Simeio Solutions Canada and Simeio Solutions LLC during the year for £157,172 & £197,255 respectively. Simeio Solutiions LLC provided IT services and management support to Simeio Solutions Limited in the year to a value of £50,000.
Simeio Solutions Debtor balance with Simeio Solutions LLC as at 31st December 2019 is £66,523 and Debtor balance with Simeio Canada is £16,344. Simeio Solutions Creditor Balance with Simeio Solutions LLC is £173,191 as at 31st December 2019
Simeio Netherlands is a branch of Simeio Solutions Limited and all income and costs for the year relating to the branch has been included
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Average number of employees
During the year the average number of employees was 2 (2018: 2).