SIMBARS (UK) LIMITED

SIMBARS (UK) LIMITED

SIMBARS (UK) LIMITED - Company Information

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SIMBARS (UK) LIMITED

Company Registration Number:
04753304 (England and Wales)

Unaudited abridged accounts for the year ended 30 November 2017

Period of accounts

Start date: 01 December 2016

End date: 30 November 2017

SIMBARS (UK) LIMITED

Contents of the Financial Statements

for the Period Ended 30 November 2017

Balance sheet
Notes

SIMBARS (UK) LIMITED

Balance sheet

As at 30 November 2017


Notes
2017
2016


£
£
Fixed assets
Tangible assets: 2 19,455 30,725
Total fixed assets: 19,455 30,725
Current assets
Stocks: 30,009 19,478
Debtors: 3 252,971 222,879
Cash at bank and in hand: 186,493 116,726
Total current assets: 469,473 359,083
Creditors: amounts falling due within one year: 4 (201,546) (190,701)
Net current assets (liabilities): 267,927 168,382
Total assets less current liabilities: 287,382 199,107
Total net assets (liabilities): 287,382 199,107
Capital and reserves
Called up share capital: 2 2
Profit and loss account: 287,380 199,105
Shareholders funds: 287,382 199,107

The notes form part of these financial statements

SIMBARS (UK) LIMITED

Balance sheet statements

For the year ending 30 November 2017 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 28 February 2018
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 2017

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Turnover policy

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

Tangible fixed assets and depreciation policy

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

SIMBARS (UK) LIMITED

Notes to the Financial Statements

for the Period Ended 30 November 2017

2. Tangible Assets

Total
Cost £
At 01 December 2016 131,367
Additions 3,783
At 30 November 2017 135,150
Depreciation
At 01 December 2016 100,642
Charge for year 15,053
At 30 November 2017 115,695
Net book value
At 30 November 2017 19,455
At 30 November 2016 30,725

SIMBARS (UK) LIMITED

Notes to the Financial Statements

for the Period Ended 30 November 2017

3. Debtors

2017 2016
££
Debtors due after more than one year: 0 0

SIMBARS (UK) LIMITED

Notes to the Financial Statements

for the Period Ended 30 November 2017

4. Creditors: amounts falling due within one year note

2017 2016 £ £Trade Creditors 85,705 81,589Taxation 92,851 88,783Other creditors 22,990 20,329Total 201,546 190,701

SIMBARS (UK) LIMITED

Notes to the Financial Statements

for the Period Ended 30 November 2017

5. Related party transactions

Name of the related party: DJ Simmons and MJ Simmons
Relationship:
Directors
Description of the Transaction: The company pays rent at commercial rates to the directors of the company.
£
Balance at 01 December 2016 0
Balance at 30 November 2017 0