SIMBARS (UK) LIMITED

SIMBARS (UK) LIMITED

SIMBARS (UK) LIMITED - Company Information

Print Friendly Version

SIMBARS (UK) LIMITED

Company Registration Number:
04753304 (England and Wales)

Unaudited abridged accounts for the year ended 30 November 2020

Period of accounts

Start date: 01 December 2019

End date: 30 November 2020

SIMBARS (UK) LIMITED

Contents of the Financial Statements

for the Period Ended 30 November 2020

Balance sheet
Notes

SIMBARS (UK) LIMITED

Balance sheet

As at 30 November 2020


Notes
2020
2019


£
£
Fixed assets
Tangible assets: 3 714 2,018
Total fixed assets: 714 2,018
Current assets
Stocks: 31,462 19,580
Debtors: 4 121,472 154,462
Cash at bank and in hand: 162,996 125,416
Total current assets: 315,930 299,458
Creditors: amounts falling due within one year:   (122,294) (114,872)
Net current assets (liabilities): 193,636 184,586
Total assets less current liabilities: 194,350 186,604
Total net assets (liabilities): 194,350 186,604
Capital and reserves
Called up share capital: 2 2
Profit and loss account: 194,348 186,602
Shareholders funds: 194,350 186,604

The notes form part of these financial statements

SIMBARS (UK) LIMITED

Balance sheet statements

For the year ending 30 November 2020 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 directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 24 March 2021
and signed on behalf of the board by:

Name: DJ Simmons
Status: Director

The notes form part of these financial statements

SIMBARS (UK) LIMITED

Notes to the Financial Statements

for the Period Ended 30 November 2020

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Financial Reporting Standard 101

Turnover policy

Turnover represents amounts receivable for goods and services net of VAT and trade discounts.

Tangible fixed assets and depreciation policy

Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life. The useful life of each category of assets is:Computer equipment 5 yearsMotor vehicles 4 yearsFixtures and equipment 5 years

SIMBARS (UK) LIMITED

Notes to the Financial Statements

for the Period Ended 30 November 2020

2. Employees

2020 2019
Average number of employees during the period 10 8

SIMBARS (UK) LIMITED

Notes to the Financial Statements

for the Period Ended 30 November 2020

3. Tangible Assets

Total
Cost £
At 01 December 2019 136,937
At 30 November 2020 136,937
Depreciation
At 01 December 2019 134,919
Charge for year 1,304
At 30 November 2020 136,223
Net book value
At 30 November 2020 714
At 30 November 2019 2,018

SIMBARS (UK) LIMITED

Notes to the Financial Statements

for the Period Ended 30 November 2020

4. Debtors

2020 2019
££
Debtors due after more than one year: 0 0

SIMBARS (UK) LIMITED

Notes to the Financial Statements

for the Period Ended 30 November 2020

5. Related party transactions

Name of the related party: MJ Simmons and DJ Simmons
Relationship:
Directors
Description of the Transaction: The company pays rent to the directors of the company for the use of the factory premises
£
Balance at 01 December 2019 0
Balance at 30 November 2020 0