Simon Holmes Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 03702808 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 July 2018

for

Simon Holmes Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

Chartered Accountants' Report

5

DIRECTORS:

S E Holmes

Mrs J M Holmes

SECRETARY:

Mrs J M Holmes

REGISTERED OFFICE:

Sycamore House

Hemswell

Gainsborough

Lincolnshire

DN21 5UQ

REGISTERED NUMBER:

03702808 (England and Wales)

ACCOUNTANTS:

Wright Vigar Limited

Chartered Accountants & Business Advisers

Britannia House

Marshall's Yard

Gainsborough

Lincolnshire

DN21 2NA

FIXED ASSETS

Tangible assets

3

10,843

11,293

CURRENT ASSETS

Stocks

3,033,201

2,869,624

Debtors

4

600

600

Cash at bank

40,350

194,158

3,074,151

3,064,382

CREDITORS

Amounts falling due within one year

5

15,052

22,841

NET CURRENT ASSETS

3,059,099

3,041,541

TOTAL ASSETS LESS CURRENT LIABILITIES

3,069,942

3,052,834

PROVISIONS FOR LIABILITIES

27

49

NET ASSETS

3,069,915

3,052,785

CAPITAL AND RESERVES

Called up share capital

6

100

100

Share premium account

7

1,999,900

1,999,900

Retained earnings

7

1,069,915

1,052,785

SHAREHOLDERS' FUNDS

3,069,915

3,052,785

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2018 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 financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors on 22 March 2019 and were signed on its behalf by:

S E Holmes - Director

1.	STATUTORY INFORMATION

Simon Holmes Limited is a private company, limited by shares , registered in England and Wales. The company's

registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover represents the amount derived from share dealing transactions which fall within the company's ordinary

activities.

Tangible fixed assets

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

Leasehold properties - 2% on straight line

Plant and machinery - 25% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow

moving items.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to

the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or

substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance

sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from

those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws

that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal

of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they

will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3.	TANGIBLE FIXED ASSETS

Short

Plant and

leasehold

machinery

Totals

£

£

£

COST

At 1 August 2017

and 31 July 2018

16,754

14,674

31,428

DEPRECIATION

At 1 August 2017

5,720

14,415

20,135

Charge for year

335

115

450

At 31 July 2018

6,055

14,530

20,585

NET BOOK VALUE

At 31 July 2018

10,699

144

10,843

At 31 July 2017

11,034

259

11,293

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Other debtors

600

600

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Taxation and social security

11,390

19,261

Other creditors

3,662

3,580

15,052

22,841

6.	CALLED UP SHARE CAPITAL

Allotted and issued:

Number:

Class:

Nominal

2018

2017

value:

£

£

100

Share capital 1

£1

100

100

7.

RESERVES

Share

Retained

premium

earnings

account

Totals

£

£

£

At 1 August 2017

1,052,785

1,999,900

3,052,685

Profit for the year

48,130

48,130

Dividends

(31,000

)

(31,000

)

At 31 July 2018

1,069,915

1,999,900

3,069,815

8.	ULTIMATE CONTROLLING PARTY

The directors have ultimate control of the company via their 100% ownership of the holding company.

The following reproduces the text of the report prepared for the directors in respect of the company's annual

unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to

file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements

and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the

financial statements of Simon Holmes Limited for the year ended 31 July 2018 which comprise the Income Statement,

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 within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Simon Holmes 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 Simon Holmes Limited and state those matters that we have agreed to state to the Board of Directors of Simon Holmes Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Simon Holmes Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Simon Holmes 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 Simon Holmes Limited. You consider that Simon Holmes 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 Simon Holmes 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.

Wright Vigar Limited

Chartered Accountants & Business Advisers

Britannia House

Marshall's Yard

Gainsborough

Lincolnshire

DN21 2NA

Date: .............................................