Simplicity Communications Limited - Period Ending 2015-07-31

Registration number: 05497852

Simplicity Communications Limited

Unaudited Abbreviated Accounts

for the Year Ended 31 July 2015
 

Sobell Rhodes LLP
Chartered Accountants
Ground Floor
Unit 501 Centennial Park
Centennial Avenue
Elstree, Borehamwood
Hertfordshire
WD6 3FG

Simplicity Communications Limited
Contents

Abbreviated Balance Sheet 1

Notes to the Abbreviated Accounts 2 to 4

Simplicity Communications Limited
(Registration number: 05497852)
Abbreviated Balance Sheet at 31 July 2015

		Note			2015 £			2014 £
Fixed assets
Tangible fixed assets		2			1,483			791
Current assets
Debtors					89,029			78,005
Cash at bank and in hand					14,800			-
					103,829			78,005
Creditors: Amounts falling due within one year					(86,830)			(78,371)
Net current assets/(liabilities)					16,999			(366)
Total assets less current liabilities					18,482			425
Creditors: Amounts falling due after more than one year					(18,017)			-
Provisions for liabilities					(296)			(158)
Net assets					169			267
Capital and reserves
Called up share capital		3			50			50
Profit and loss account					119			217
Shareholders' funds					169			267

For the year ending 31 July 2015 the company was entitled to exemption 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 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 in accordance with the provisions applicable to companies subject to the small companies regime .

Approved by the director on 26 July 2016

 D N Adams
 Director

The notes on pages 2 to 4 form an integral part of these financial statements.
Page 1

Simplicity Communications Limited
Notes to the Abbreviated Accounts for the Year Ended 31 July 2015
......... continued

1	Accounting policies

Basis of preparation

The full financial statements, from which these abbreviated accounts have been extracted, have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (Effective April 2008).

Turnover

Turnover represents amounts chargeable, net of value added tax, in respect of the sale of goods and services to customers.

Depreciation

Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:

Asset class	Depreciation method and rate
Equipment	25% Straight line

Deferred tax

Deferred tax is recognised, without discounting, in respect of all timing differences between the treatment of certain items for taxation and accounting purposes, which have arisen but not reversed by the balance sheet date, except as required by the FRSSE. Deferred tax is measured at the rates that are expected to apply in the periods when the timing differences are expected to reverse, based on the tax rates and law enacted at the balance sheet date.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Where shares are issued, any component that creates a financial liability of the company is presented as a liability in the balance sheet. The corresponding dividends relating to the liability component are charged as interest expense in the profit and loss account.

Page 2

Simplicity Communications Limited
Notes to the Abbreviated Accounts for the Year Ended 31 July 2015
......... continued

2	Fixed assets

		Tangible assets £			Total £
Cost
At 1 August 2014		4,646			4,646
Additions		1,337			1,337
At 31 July 2015		5,983			5,983
Depreciation
At 1 August 2014		3,855			3,855
Charge for the year		645			645
At 31 July 2015		4,500			4,500
Net book value
At 31 July 2015		1,483			1,483
At 31 July 2014		791			791

3	Share capital

Allotted, called up and fully paid shares

	2015						2014
		No.			£			No.			£
Ordinary shares of £1 each		50			50			50			50

Page 3

Simplicity Communications Limited
Notes to the Abbreviated Accounts for the Year Ended 31 July 2015
......... continued

4	Related party transactions

Director's advances and credits

	2015 Advance/ Credit £	2015 Repaid £	2014 Advance/ Credit £	2014 Repaid £
D N Adams
	49,215	5,000	31,257	20,343

Page 4