Company Registration No. 7381686 (England and Wales)
SIMEIO SOLUTIONS LIMITED
Unaudited accounts
for the year ended 31 December 2017
SIMEIO SOLUTIONS LIMITED
Unaudited accounts
Contents
SIMEIO SOLUTIONS LIMITED
Company Information
for the year ended 31 December 2017
Directors
Abhimanyu Yadav
Hemen Vimadalal
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 2017
Cash at bank and in hand
185,845
328,801
Creditors: amounts falling due within one year
(106,825)
(237,075)
Net current assets
248,071
195,132
Net assets
248,071
195,132
Called up share capital
1,000
1,000
Profit and loss account
247,071
194,132
Shareholders' funds
248,071
195,132
For the year ending 31 December 2017 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.
Approved by the Board on 21 August 2018.
Abhimanyu Yadav
Director
Company Registration No. 7381686
SIMEIO SOLUTIONS LIMITED
Notes to the Accounts
for the year ended 31 December 2017
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
42,874
15,708
Amounts due from group undertakings etc.
125,177
86,698
SIMEIO SOLUTIONS LIMITED
Notes to the Accounts
for the year ended 31 December 2017
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Creditors: amounts falling due within one year
2017
2016
Amounts owed to group undertakings and other participating interests
89,257
228,928
Taxes and social security
14,068
(656)
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 £16,082 and £1,155 respectively. Simeio Canada and Simeio Solutiions LLC provided IT services and management support to Simeio Solutions Limited in the year to a value of 12,764.22 Euro & $102,936.09 respectively.
Simeio Solutions currently owe Simeio Solutions LLC £76,237.66 and Simeio Canada owes £54,891.34.
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 3 (2016: 3).