Company Registration No. 05712756 (England and Wales)
Simply Sold Limited
Unaudited accounts
for the year ended 31 March 2018
Simply Sold Limited
Unaudited accounts
Contents
Simply Sold Limited
Company Information
for the year ended 31 March 2018
Company Number
05712756 (England and Wales)
Registered Office
7 Castleham Court
180 High Street
Edgware
Middlesex
HA8 7EX
Simply Sold Limited
Statement of financial position
as at 31 March 2018
Tangible assets
2,102
2,802
Creditors: amounts falling due within one year
(55,991)
(57,292)
Net current liabilities
(2,002)
(2,702)
Called up share capital
100
100
Shareholders' funds
100
100
For the year ending 31 March 2018 the company was entitled to exemption from audit 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 director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
Approved by the Board on 8 May 2018.
Mr P M Field
Director
Company Registration No. 05712756
Simply Sold Limited
Notes to the Accounts
for the year ended 31 March 2018
Simply Sold Limited is a private company, limited by shares, registered in England and Wales, registration number 05712756. The registered office is 7 Castleham Court, 180 High Street, Edgware, Middlesex, HA8 7EX.
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Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
25% on a reducing balance basis.
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
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Tangible fixed assets
Fixtures & fittings
Simply Sold Limited
Notes to the Accounts
for the year ended 31 March 2018
Other debtors
53,989
49,580
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Creditors: amounts falling due within one year
2018
2017
Bank loans and overdrafts
12,072
17,962
Trade creditors
4,450
3,900
Taxes and social security
39,469
35,430
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
Brought
Forward
Advance/
credit
Repaid
Carried
Forward
Loan account - overdrawn at the year end
45,780
156,957
148,748
53,989
45,780
156,957
148,748
53,989
An interim dividend of £54,000 for the year ending 31 March 2019 was proposed for payment on 31 May 2018.
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Average number of employees
During the year the average number of employees was 0 (2017: 0).
