Simplistic Rules Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 08397751 (England and Wales)

Unaudited Financial Statements

For The Year Ended 30 April 2018

for

Simplistic Rules Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

B Singh

SECRETARY:

J Singh

REGISTERED OFFICE:

47 School Lane

Stretton on Dunsmore

Warwickshire

CV23 9ND

REGISTERED NUMBER:

08397751 (England and Wales)

ACCOUNTANTS:

Cottons Accountants LLP

Chestnut Field House

Chestnut Field

Rugby

Warwickshire

CV21 2PD

CURRENT ASSETS

Debtors

4

-

1,869

Cash at bank

89,581

124,632

89,581

126,501

CREDITORS

Amounts falling due within one year

5

800

25,152

NET CURRENT ASSETS

88,781

101,349

TOTAL ASSETS LESS CURRENT LIABILITIES

88,781

101,349

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

88,779

101,347

SHAREHOLDERS' FUNDS

88,781

101,349

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2018 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the director on 29 January 2019 and were signed by:

B Singh - Director

1.	STATUTORY INFORMATION

Simplistic Rules 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.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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 have been enacted or

substantively enacted by the balance sheet date.

Deferred tax

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

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.

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 profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2017 - NIL).

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30/4/18

30/4/17

£

£

Directors' current accounts

-

1,869

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30/4/18

30/4/17

£

£

Tax

-

18,400

VAT

-

4,352

Directors' current accounts

680

-

Accrued expenses

120

2,400

800

25,152

6.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 April 2018 and 30 April 2017:

30/4/18

30/4/17

£

£

B Singh

Balance outstanding at start of year

1,868

-

Amounts advanced

-

1,868

Amounts repaid

(1,868

)

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

-

1,868