Thomas Simon Limited - Limited company - abbreviated - 11.9

Thomas Simon Limited - Limited company - abbreviated - 11.9

ALLIUM LAW LIMITED - Company Information

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Thomas Simon Limited

Abbreviated Accounts for the Year Ended 31 July 2015













Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Thomas Simon Limited


The following reproduces the text of the report prepared for the directors in respect of the
company's annual unaudited financial statements, from which the unaudited abbreviated accounts
(set out on pages two to six) have been prepared.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your
approval the financial statements of Thomas Simon Limited for the year ended 31 July 2015 which comprise
the Profit and Loss Account, the Balance Sheet and the related notes from the company's accounting
records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at icaew.com/membershandbook.

This report is made solely to the Board of Directors of Thomas Simon Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Thomas Simon Limited and state those matters that we have agreed to state to the Board of Directors of Thomas Simon Limited, as a body, in this report in accordance with AAF 2/10 as detailed at icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Thomas Simon Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Thomas Simon Limited. You consider that Thomas Simon Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Thomas Simon
Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or
information and explanations you have given to us and we do not, therefore, express any opinion on the
statutory financial statements.






BPU Limited
Chartered Accountants


17 March 2016

This page does not form part of the abbreviated accounts

1
Thomas Simon Limited (Registered number: 07617921)

Abbreviated Balance Sheet
31 July 2015

2015 2014
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 2 640,998 681,061
Tangible assets 3 58,470 73,079
699,468 754,140

CURRENT ASSETS
Debtors 898,348 877,720
Cash at bank and in hand 1,392 1,437
899,740 879,157
CREDITORS
Amounts falling due within one year 4 722,549 718,712
NET CURRENT ASSETS 177,191 160,445
TOTAL ASSETS LESS CURRENT
LIABILITIES
876,659
914,585

CREDITORS
Amounts falling due after more than one
year
4
277,505
444,563
NET ASSETS 599,154 470,022

CAPITAL AND RESERVES
Called up share capital 5 200 200
Profit and loss account 598,954 469,822
SHAREHOLDERS' FUNDS 599,154 470,022

The notes form part of these abbreviated accounts

2
Thomas Simon Limited (Registered number: 07617921)

Abbreviated Balance Sheet - continued
31 July 2015


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2015 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 abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.


The financial statements were approved by the Board of Directors on 13 March 2016 and were signed on its
behalf by:





P N Simon - Director


The notes form part of these abbreviated accounts

3
Thomas Simon Limited (Registered number: 07617921)

Notes to the Abbreviated Accounts
for the Year Ended 31 July 2015


1. ACCOUNTING POLICIES

Accounting convention
The financial statements have been prepared under the historical cost convention and in accordance
with the Financial Reporting Standard for Smaller Entities (effective April 2008).

Turnover and work in progress
Turnover represents the invoiced value of the services supplied by the business, net of value added
tax and discounts. Turnover in respect of contracts for uninvoiced ongoing services is recognised by
reference to the stage of completion at the year end. The amount of uninvoiced services is shown in
the balance sheet as work in progress.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2011, is being amortised evenly over its estimated useful life of twenty years.

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

Improvements to property - 20% straight line and over the lease term
Office equipment - 20% reducing balance
Motor vehicles - 25% reducing balance
Computer equipment - 20% straight line

Deferred tax
Full provision is made for deferred taxation resulting from material timing differences between the
recognition of gains and losses in the accounts and their recognition for tax purposes. Deferred
taxation is calculated on an un-discounted basis at the tax rates which are expected to apply in the
periods when the timing differences will reverse.

Hire purchase and leasing commitments
Assets held under finance leases and hire purchase contracts, which are those where substantially all
the risks and rewards of ownership of the asset have passed to the company, are capitalised in the
balance sheet and depreciated over their useful lives.

The interest element of the rental obligations is charged to the profit and loss account over the period
of the lease and represents a constant proportion of the balance of capital repayments outstanding.

Rentals paid under operating leases are charged to income on a straight line basis over the lease
term.

4
Thomas Simon Limited (Registered number: 07617921)

Notes to the Abbreviated Accounts - continued
for the Year Ended 31 July 2015


2. INTANGIBLE FIXED ASSETS
Total
£   
COST
At 1 August 2014
and 31 July 2015 801,250
AMORTISATION
At 1 August 2014 120,189
Amortisation for year 40,063
At 31 July 2015 160,252
NET BOOK VALUE

At 31 July 2015 640,998
At 31 July 2014 681,061

3. TANGIBLE FIXED ASSETS
Total
£   
COST
At 1 August 2014 121,142
Additions 2,486
At 31 July 2015 123,628
DEPRECIATION
At 1 August 2014 48,063
Charge for year 17,095
At 31 July 2015 65,158
NET BOOK VALUE
At 31 July 2015 58,470
At 31 July 2014 73,079

5
Thomas Simon Limited (Registered number: 07617921)

Notes to the Abbreviated Accounts - continued
for the Year Ended 31 July 2015


4. CREDITORS

The following secured debts are included within creditors:

2015 2014
£    £   
Bank overdrafts 62,026 75,218
Bank loan 254,488 290,618
316,514 365,836

5. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2015 2014
value: £    £   
2 Ordinary 1 200 200

6. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 July 2015 and
31 July 2014:

2015 2014
£    £   
S J Williams
Balance outstanding at start of year 4,114 (7,636 )
Amounts advanced 54,234 11,750
Amounts repaid (36,807 ) -
Balance outstanding at end of year 21,541 4,114

D A Lewis
Balance outstanding at start of year 10,025 (6,454 )
Amounts advanced - 16,479
Amounts repaid (10,025 ) -
Balance outstanding at end of year - 10,025

6