Simtor Limited - Limited company - abbreviated

REGISTERED NUMBER: 01794125 (England and Wales)

Abbreviated Unaudited Accounts

for the Year Ended 30 November 2013

for

Simtor Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

S T J Long

Mrs L V Jardine

Corporate Directors (No2) Ltd

SECRETARY:

Mrs L V Jardine

REGISTERED OFFICE:

14 Pensioner's Court

The Charterhouse

Charterhouse Square

London

EC1M 6AU

REGISTERED NUMBER:

01794125 (England and Wales)

ACCOUNTANTS:

James W A Cruickshank & Co

Chartered Accountants

Chartered Tax Advisers

Inglewood

Wreay

Carlisle

Cumbria

CA4 0RL

SOLICITORS:

Cartmell Shepherd

Viaduct House

Carlisle

CA3 8EZ

FIXED ASSETS

Tangible assets

2

2,016,933

1,856,194

CURRENT ASSETS

Stocks

441,213

417,631

Debtors

44,054

51,834

Cash at bank and in hand

142,235

273,495

627,502

742,960

CREDITORS

Amounts falling due within one year

233,661

221,157

NET CURRENT ASSETS

393,841

521,803

TOTAL ASSETS LESS CURRENT

LIABILITIES

2,410,774

2,377,997

CREDITORS

Amounts falling due after more than one
year

(14,288

)

-

PROVISIONS FOR LIABILITIES

(21,920

)

(18,267

)

NET ASSETS

2,374,566

2,359,730

CAPITAL AND RESERVES

Called up share capital

3

249,654

Share premium

1,454,528

Profit and loss account

670,384

655,548

SHAREHOLDERS' FUNDS

2,374,566

2,359,730

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2013.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2013 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 abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the Board of Directors on 31 March 2014 and were signed on its behalf by:

S T J Long - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention and in accordance with the

Financial Reporting Standard for Smaller Entities (effective April 2008).

Turnover

The turnover shown in the profit and loss account represents amounts receivable during the year, exclusive of

value added tax. Invoices for services are accounted for pro - rata on a time basis.

Tangible fixed assets

All fixed assets are initially recorded at cost. Four properties previously revalued up until 30th November 2011

are now shown at historic cost. One of the properties was sold on 1st December 2011. The directors no longer

revalue properties in the company's ownership.

Depreciation

Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful

economic life of that asset as follows:

Freehold Property - 1% straight line

Motor Vehicles - 25% reducing balance

Plant & Equipment - 25% reducing balance

Office Equipment & Furniture - 15% to 30% reducing balance and 20% straight line

Freehold buildings are depreciated to write down the cost less estimated residual value over their remaining

useful life by equal annual instalments.

Stocks

Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance

for obsolete and slow moving items.

Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads.

Deferred tax

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

sheet date where transactions or events have occurred at that date that will result in an obligation to pay more, or

a right to pay less or to receive more tax.

Deferred tax is measured on an undiscounted basis at the tax rates that are expected to apply in the periods in

which timing differences reverse, based on tax rates and laws enacted or substantively enacted at the balance

sheet date.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held

under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases

are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to the profit and loss account over the relevant period. The

capital element of the future payments is treated as a liability.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension

scheme are charged to the profit and loss account in the period to which they relate.

Operating Lease Agreements

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with

the lessor are charged against profits on a straight line basis over the period of the lease.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 December 2012

2,074,012

Additions

211,158

At 30 November 2013

2,285,170

DEPRECIATION

At 1 December 2012

217,818

Charge for year

50,419

At 30 November 2013

268,237

NET BOOK VALUE

At 30 November 2013

2,016,933

At 30 November 2012

1,856,194

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.11.13

30.11.12

value:

£

49,654

Ordinary Shares

1

49,654

200,000

10% Cumulative Preference

Shares

1

200,000

249,654

The ordinary shares carry no guaranteed dividend rights. On winding up ordinary shares rank last for repayment

but share fully in any assets of the company remaining after all other parties have been paid in full.

The cumulative preference shares are non-voting. On a winding up the preference shares rank ahead only of the

ordinary shares and will be repaid at par.The shares do not have a right to accumulation of unpaid dividends.

4.	RELATED PARTY DISCLOSURES

No other transactions with related parties were undertaken such as are required to be disclosed under the FRSSE

(effective April 2008).

S T J Long

Director

All transactions between the director and the company are at arms length and all personal expenses incurred by

the director and paid for by the company are fully reimbursed to the company by the director.

Mrs L V Jardine

Director

All transactions between the director and the company are at arms length and all personal expenses incurred by

the director and paid for by the company are fully reimbursed to the company by the director.

Corporate Directors (No2) Ltd

Director

There were no transactions between the company and the director.

Simtor Limited - Limited company - abbreviated - 11.0.0

Simtor Limited - Limited company - abbreviated - 11.0.0