Accounts filed on 30-04-2016

Accounts filed on 30-04-2016

SIMPLY GROUPS LIMITED - Company Information

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SIMPLY GROUPS LIMITED

Company Registration Number:
04199233 (England and Wales)

Report of the Directors and Unaudited Financial Statements

Period of accounts

Start date: 01 May 2015

End date: 30 April 2016

SIMPLY GROUPS LIMITED

Contents of the Financial Statements

for the Period Ended 30 April 2016

Company Information
Report of the Directors
Profit and Loss Account
Gains and Losses
Balance sheet
Notes to the Financial Statements

SIMPLY GROUPS LIMITED

Company Information

for the Period Ended 30 April 2016




Director: Shauna Potts
Secretary: Merryl Potts
Registered office: Dalton House
1 Hawksworth Street
Ilkley
West Yorkshire
LS29 9DU
Company Registration Number: 04199233 (England and Wales)

SIMPLY GROUPS LIMITED

Directors' Report Period Ended 30 April 2016

The directors present their report with the financial statements of the company for the period ended 30 April 2016

Principal activities

The principal activity of the company during the year was that of Tour Operator.

Directors
 The directors shown below have held office during the whole of the period from
01 May 2015 to 30 April 2016
Shauna Potts

The above report has been prepared in accordance with the special provisions in part 15 of the Companies Act 2006

This report was approved by the board of directors on 03 July 2016
And Signed On Behalf Of The Board By:

Name: Shauna Potts
Status: Director

SIMPLY GROUPS LIMITED

Profit and Loss Account

for the Period Ended 30 April 2016


Notes
2016
£
2015
£
Turnover: 954,040 971,107
Cost of sales: ( 730,677 ) ( 743,982 )
Gross profit or (loss): 223,363 227,125
Administrative expenses: 2 ( 171,273 ) ( 173,991 )
Operating profit or (loss): 52,090 53,134
Interest receivable and similar income: 440 0
Interest payable and similar charges: ( 20 ) ( 58 )
Profit or (loss) on ordinary activities before taxation: 52,510 53,076
Tax on profit or (loss) on ordinary activities: ( 2,652 ) 599
Profit or (loss) for the financial year: 49,858 53,675

The notes form part of these financial statements

SIMPLY GROUPS LIMITED

Statement of total recognised gains and losses

The company does not have any gains and losses other than Profit and Loss for the period to report

SIMPLY GROUPS LIMITED

Balance sheet

As at 30 April 2016


Notes
2016
£
2015
£
Fixed assets
Tangible assets: 3 3,436 4,315
Total fixed assets: 3,436 4,315
Current assets
Stocks: 302 364
Debtors: 4 66,689 140,646
Cash at bank and in hand: 183,517 292,818
Total current assets: 250,508 433,828
Creditors: amounts falling due within one year: 5 ( 250,664 ) ( 484,721 )
Net current assets (liabilities): ( 156 ) ( 50,893 )
Total assets less current liabilities: 3,280 ( 46,578 )
Creditors: amounts falling due after more than one year: 0 0
Total net assets (liabilities): 3,280 ( 46,578 )

The notes form part of these financial statements

SIMPLY GROUPS LIMITED

Balance sheet continued

As at 30 April 2016


Notes
2016
£
2015
£
Capital and reserves
Called up share capital: 6 100 100
Profit and loss account: 7 3,180 ( 46,678 )
Shareholders funds: 3,280 ( 46,578 )

For the year ending 30 April 2016 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.

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).

The financial statements were approved by the Board of Directors on 03 July 2016

SIGNED ON BEHALF OF THE BOARD BY:

Name: Shauna Potts
Status: Director

The notes form part of these financial statements

SIMPLY GROUPS LIMITED

Notes to the Financial Statements

for the Period Ended 30 April 2016

  • 1. Accounting policies

    Basis of measurement and preparation of accounts

    The accounts are prepared under the historical cost convention and in accordance with applicable accounting standards and the Financial Reporting Standard for Smaller Entities (effective 2015).

    Turnover policy

    Turnover represents the total invoice value, excluding value added tax, of sales made during the year.

    Tangible fixed assets depreciation policy

    Depreciation is provided at rates calculated to write off the cost less residual value of each asset over its expected useful life, as follows:
    Plant, machinery and office equipment - 25% reducing balance

SIMPLY GROUPS LIMITED

Notes to the Financial Statements

for the Period Ended 30 April 2016

  • 2. Directors' remuneration


    2016
    £
    2015
    £
    Directors' remuneration: 31,197 33,384
    TOTAL: 31,197 33,384

SIMPLY GROUPS LIMITED

Notes to the Financial Statements

for the Period Ended 30 April 2016

  • 3. Tangible assets

    Land and buildings Plant and Machinery Fixtures and fittings Office Equipment Motor vehicles Total
    Cost £ £ £ £ £ £
    01 May 2015: - 20,212 - - - 20,212
    Additions: - - - - - 0
    Disposals: - - - - - 0
    Revaluations: - - - - - 0
    Transfers: - - - - - 0
    30 April 2016: - 20,212 - - - 20,212
    Depreciation
    01 May 2015: - 15,897 - - - 15,897
    Charge for year: - 879 - - - 879
    On disposals: - - - - - 0
    Other adjustments: - - - - - 0
    30 April 2016: - 16,776 - - - 16,776
    Net book value
    30 April 2016: - 3,436 - - - 3,436
    30 April 2015: - 4,315 - - - 4,315

SIMPLY GROUPS LIMITED

Notes to the Financial Statements

for the Period Ended 30 April 2016

  • 4. Debtors


    2016
    £
    2015
    £
    Trade debtors: 0 0
    Prepayments and accrued income: 3,740 4,999
    Other debtors: 62,949 135,647
    Total: 66,689 140,646

SIMPLY GROUPS LIMITED

Notes to the Financial Statements

for the Period Ended 30 April 2016

  • 5. Creditors: amounts falling due within one year


    2016
    £
    2015
    £
    Bank loans and overdrafts: 30,239 1,492
    Trade creditors: 9,640 15,875
    Taxation and social security: 11,111 10,216
    Accruals and deferred income: 24,147 42,052
    Other creditors: 175,527 415,086
    Total: 250,664 484,721

SIMPLY GROUPS LIMITED

Notes to the Financial Statements

for the Period Ended 30 April 2016

  • 6. Called up share capital

    Allotted, called up and paid

    Previous period
    2015
    Class Number of shares Nominal value per share (£) Total (£)
    Ordinary shares: 100 1.00 100
    Preference shares: 0
    Total share capital (£): 100
    Current period
    2016
    Class Number of shares Nominal value per share (£) Total (£)
    Ordinary shares: 100 1.00 100
    Preference shares: 0
    Total share capital (£): 100

SIMPLY GROUPS LIMITED

Notes to the Financial Statements

for the Period Ended 30 April 2016

  • 7. Profit and loss account


    2016
    £
    2015
    £
    Opening balance: ( 46,678 ) ( 100,353 )
    Profit or (loss) for the period: 49,858 53,675
    Retained profit: 3,180 ( 46,678 )

SIMPLY GROUPS LIMITED

Notes to the Financial Statements

for the Period Ended 30 April 2016

  • 8. Related party disclosures

    Name of the ultimate controlling party during the period: The company is controlled by the Sole Director S Potts.
    Name of related party: Shauna Potts
    Relationship: Director
    Description of the transaction The sole director has a historical unsecured interest free loan. The movements on this loan was:
    Balance at 01 May 2015 16,880
    Balance at 30 April 2016 13,474
    Name of related party: S Potts
    Relationship: Loan to a director's relative at current market interest rates.
    Description of the transaction A personal guarantee given by S Potts.
    Balance at 01 May 2015 0
    Balance at 30 April 2016 14,240

SIMPLY GROUPS LIMITED

Notes to the Financial Statements

for the Period Ended 30 April 2016

  • 9. Transactions with directors

    Name of director receiving advance or credit Shauna Potts
    Description of the transaction The sole director has a historical unsecured interest free loan. The movements on this loan was:
    Balance at 01 May 2015 16,880
    Advances or credits repaid 3,406
    Balance at 30 April 2016 13,474