ACCOUNTS - Final Accounts preparation

ACCOUNTS - Final Accounts preparation

SIMON SHAPS LIMITED - Company Information

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Caseware UK (AP4) 2018.0.111 2018.0.111 2018-03-312018-03-31false2017-04-01The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.truetrueNo description of principal activity 09679544 2017-04-01 2018-03-31 09679544 2018-03-31 09679544 2017-03-31 09679544 c:Director1 2017-04-01 2018-03-31 09679544 c:Director2 2017-04-01 2018-03-31 09679544 c:RegisteredOffice 2017-04-01 2018-03-31 09679544 d:CurrentFinancialInstruments 2018-03-31 09679544 d:CurrentFinancialInstruments 2017-03-31 09679544 d:CurrentFinancialInstruments d:WithinOneYear 2018-03-31 09679544 d:CurrentFinancialInstruments d:WithinOneYear 2017-03-31 09679544 d:ShareCapital 2018-03-31 09679544 d:ShareCapital 2017-03-31 09679544 d:RetainedEarningsAccumulatedLosses 2018-03-31 09679544 d:RetainedEarningsAccumulatedLosses 2017-03-31 09679544 c:FRS102 2017-04-01 2018-03-31 09679544 c:AuditExempt-NoAccountantsReport 2017-04-01 2018-03-31 09679544 c:FullAccounts 2017-04-01 2018-03-31 09679544 c:PrivateLimitedCompanyLtd 2017-04-01 2018-03-31 iso4217:GBP
Company registration number: 09679544







UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED
31 MARCH 2018


SIMON SHAPS LIMITED






































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SIMON SHAPS LIMITED
 


 
COMPANY INFORMATION


Directors
Mr S Shaps 
Mrs S Shaps 




Registered number
09679544



Registered office
Ashcombe House
5 The Crescent

Leatherhead

Surrey

KT22 8DY




Accountants
Menzies LLP
Chartered Accountants

Ashcombe House

5 The Crescent

Leatherhead

Surrey

KT22 8DY




 


SIMON SHAPS LIMITED
 



CONTENTS



Page
Statement of Financial Position
1
Notes to the Financial Statements
2 - 3

 


SIMON SHAPS LIMITED
REGISTERED NUMBER:09679544



STATEMENT OF FINANCIAL POSITION
AS AT 31 MARCH 2018

2018
2017
Note
£
£

  

Current assets
  

Debtors: amounts falling due within one year
 4 
10,616
42,475

Cash at bank and in hand
  
93,624
-

  
104,240
42,475

Creditors: amounts falling due within one year
 5 
(43,013)
(17,999)

Net current assets
  
 
 
61,227
 
 
24,476

Total assets less current liabilities
  
61,227
24,476

  

Net assets
  
61,227
24,476


Capital and reserves
  

Allotted, called up and fully paid share capital
  
1,000
1,000

Profit and loss account
  
60,227
23,476

  
61,227
24,476


The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




Mr S Shaps
Director

Date: 20 December 2018

The notes on pages 2 to 3 form part of these financial statements.

Page 1
 


SIMON SHAPS LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2018

1.


General information

Simon Shaps Limited is a private company limited by shares incorporated in England and Wales. The address of the registered office is disclosed on the company information page.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Revenue

Turnover comprises revenue recognised in respect of consultancy services supplied during the period, exclusive of Value Added Tax and trade discounts.

 
2.3

Taxation

Tax is recognised in the Statement of Income and Retained Earnings, except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income.

 
2.4

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares.


3.


Employees

The average monthly number of employees, including directors, during the year was 2 (2017 - 2).


4.


Debtors

2018
2017
£
£


Other debtors
-
32,181

Prepayments and accrued income
586
264

Tax recoverable
10,030
10,030

10,616
42,475


Page 2
 


SIMON SHAPS LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2018

5.


Creditors: Amounts falling due within one year

2018
2017
£
£

Corporation tax
8,994
14,198

Other creditors
29,769
-

Accruals and deferred income
4,250
3,801

43,013
17,999


 
Page 3