Simops Limited - Accounts to registrar - small 17.1

Simops Limited - Accounts to registrar - small 17.1

SIMOPS LIMITED - Company Information

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REGISTERED NUMBER: 07260240 (England and Wales)










UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2017

FOR

SIMOPS LIMITED

SIMOPS LIMITED (REGISTERED NUMBER: 07260240)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2017




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


SIMOPS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 AUGUST 2017







DIRECTORS: Mr Alan Hunter
Ms Deborah Gray





REGISTERED OFFICE: 7 Dovecote Mews
Breakspears
Breakspear Road North
Harfield
Middlesex
UB9 6NA





REGISTERED NUMBER: 07260240 (England and Wales)





ACCOUNTANTS: Malcolm J. Greer FCCA, ATT
Chartered Certified Accountant
3 Jesse Terrace
Reading
Berkshire
RG1 7RS
Page 1
SIMOPS LIMITED (REGISTERED NUMBER: 07260240)

STATEMENT OF FINANCIAL POSITION
31 AUGUST 2017

31.8.17 31.8.16
as restated
Notes £    £   
CURRENT ASSETS
Debtors 4 2,553 32,046
Investments 5 161,611 134,764
Cash at bank 4,399 28,151
168,563 194,961
CREDITORS
Amounts falling due within one year 6 49,894 81,281
NET CURRENT ASSETS 118,669 113,680
TOTAL ASSETS LESS CURRENT
LIABILITIES
118,669
113,680

CAPITAL AND RESERVES
Called up share capital 7 100 100
Retained earnings 8 118,569 113,580
SHAREHOLDERS' FUNDS 118,669 113,680

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2017 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 financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors on 30 April 2018 and were signed on its behalf by:





Mr Alan Hunter - Director


The notes form part of these financial statements

Page 2
SIMOPS LIMITED (REGISTERED NUMBER: 07260240)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2017

1. STATUTORY INFORMATION

Simops Limited is a private company, limited by shares , registered in England and Wales. The company's
registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,
value added tax and other sales taxes.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to
the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that that have been enacted or
substantively enacted by the statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the
statement of financial position date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from
those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that
have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the
timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they
will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 .

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.17 31.8.16
as restated
£    £   
Trade debtors - 26,591
VAT 2,553 5,455
2,553 32,046

5. CURRENT ASSET INVESTMENTS
31.8.17 31.8.16
as restated
£    £   
Listed investments 161,611 134,764

Page 3 continued...
SIMOPS LIMITED (REGISTERED NUMBER: 07260240)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2017

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.17 31.8.16
as restated
£    £   
Corporation tax 25,114 68,536
Credit card creditor - 88
Directors' current accounts 23,340 10,917
Accruals and deferred income 1,440 1,740
49,894 81,281

7. CALLED UP SHARE CAPITAL


Allotted, issued and fully paid:
Number: Class: Nominal 31.8.17 31.8.16
value: as restated
£    £   
100 Ordinary shares £1 100 100

8. RESERVES
Retained
earnings
£   

At 1 September 2016 113,580
Profit for the year 61,489
Dividends (56,500 )
At 31 August 2017 118,569

9. RELATED PARTY DISCLOSURES

During the year, total dividends of £56,500 (2016 - £127,000) were paid to the directors .

10. ULTIMATE CONTROLLING PARTY

The controlling party is Mr Alan Hunter.

Page 4