SIMPLY_MAKE_LIMITED - Accounts

SIMPLY MAKE LIMITED - Company Information

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Company Registration No. 08628432 (England and Wales)

SIMPLY MAKE LIMITED

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2016

SIMPLY MAKE LIMITED

CONTENTS

Page

Abbreviated balance sheet

Notes to the abbreviated accounts

SIMPLY MAKE LIMITED

ABBREVIATED BALANCE SHEET

AS AT

31 JULY 2016

- 1 -

2016

2015

Notes

Fixed assets

Tangible assets

302

604

Current assets

Debtors

2,288

2,134

Cash at bank and in hand

9,509

6,543

11,797

8,677

Creditors: amounts falling due within one year

(8,810)

(8,059)

Net current assets

2,987

618

Total assets less current liabilities

3,289

1,222

Capital and reserves

Called up share capital

100

Profit and loss account

3,189

1,122

Shareholders' funds

3,289

1,222

For the financial year ended 31 July 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

Approved by the Board for issue on 1 April 2017

Mrs C Mehta

Director

Company Registration No. 08628432

SIMPLY MAKE LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 JULY 2016

- 2 -

Accounting policies

1.1

Accounting convention

The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).

1.2

Compliance with accounting standards

The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).

1.3

Turnover

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

1.4

Tangible fixed assets and depreciation

Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:

Fixtures, fittings & equipment

25% Straight line on cost

1.5

Foreign currency translation

Monetary assets and liabilities denominated in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. All differences are taken to profit and loss account.

Fixed assets

Tangible assets

Cost

At 1 August 2015 & at 31 July 2016

1,208

Depreciation

At 1 August 2015

604

Charge for the year

302

At 31 July 2016

906

Net book value

At 31 July 2016

302

At 31 July 2015

604

Share capital

2016

2015

Allotted, called up and fully paid

100 Ordinary shares of £1 each

100