Registered number: 02320198 | ||||||||
|
||||||||
|
||||||||
|
||||||||
|
||||||||
FOR THE YEAR ENDED 31 DECEMBER 2016 | ||||||||
|
||||||||
Prepared By: | ||||||||
Binks | ||||||||
Chartered Accountants | ||||||||
84 Manor Road | ||||||||
Lancing | ||||||||
West Sussex | ||||||||
BN15 0HD |
|
||||||||
Simplex Limited | ||||||||
|
ACCOUNTS | ||||||||
FOR THE YEAR ENDED 31 DECEMBER 2016 | ||||||||
DIRECTORS | ||||||||
|
||||||||
|
||||||||
SECRETARY | ||||||||
Mrs D Yates | ||||||||
REGISTERED OFFICE | ||||||||
|
||||||||
|
||||||||
West Sussex | ||||||||
|
||||||||
COMPANY DETAILS | ||||||||
Private company limited by shares registered in EW - England and Wales, registered number 02320198 | ||||||||
ACCOUNTANTS | ||||||||
Binks | ||||||||
Chartered Accountants | ||||||||
84 Manor Road | ||||||||
Lancing | ||||||||
West Sussex | ||||||||
BN15 0HD |
|
||||||||
Simplex Limited | ||||||||
|
ACCOUNTS | ||||||||
FOR THE YEAR ENDED 31 DECEMBER 2016 | ||||||||
CONTENTS | ||||||||
Page | ||||||||
Directors' Report | - | |||||||
Accountants' Report | - | |||||||
Statement Of Comprehensive Income | - | |||||||
Balance Sheet | 3 | |||||||
Notes To The Accounts | 5 | |||||||
The following do not form part of the statutory financial statements: | ||||||||
Trading And Profit And Loss Account | - | |||||||
Profit And Loss Account Summaries | - |
|
||||||||
Simplex Limited | ||||||||
|
BALANCE SHEET AT
|
||||||||||
2016 | 2015 | |||||||||
Notes | £ | £ | ||||||||
FIXED ASSETS | ||||||||||
Tangible assets | 2 |
|
|
|||||||
CURRENT ASSETS | ||||||||||
Stock | 76,642 | 73,514 | ||||||||
Debtors | 4 | 197,221 | 165,033 | |||||||
Cash at bank and in hand |
|
|
||||||||
473,056 | 416,913 | |||||||||
CREDITORS: Amounts falling due within one year | 5 | 122,947 | 81,338 | |||||||
NET CURRENT ASSETS | 350,109 | 335,575 | ||||||||
TOTAL ASSETS LESS CURRENT LIABILITIES | 410,260 | 404,645 | ||||||||
CREDITORS: Amounts falling due after more than one year | 6 | 28,880 | 37,332 | |||||||
PROVISIONS FOR LIABILITIES AND CHARGES | 8 | 1,500 | 1,500 | |||||||
NET ASSETS | 379,880 | 365,813 | ||||||||
CAPITAL AND RESERVES | ||||||||||
Called up share capital | 9 | 1,000 | 1,000 | |||||||
Profit and loss account | 378,880 | 364,813 | ||||||||
SHAREHOLDERS' FUNDS |
|
365,813 | ||||||||
|
||||||||
Simplex Limited | ||||||||
|
BALANCE SHEET AT
|
||||||||||
|
||||||||||
|
||||||||||
|
||||||||||
|
||||||||||
The directors have decided not to deliver to the registrar a copy of the company's profit and loss account. | ||||||||||
Approved by the board on
|
||||||||||
............................. | ||||||||||
|
||||||||||
Director | ||||||||||
............................. | ||||||||||
Mr CA Thorne | ||||||||||
Director | ||||||||||
|
||||||||
Simplex Limited | ||||||||
|
NOTES TO THE ACCOUNTS | ||||||||||
FOR THE YEAR ENDED 31 DECEMBER 2016 | ||||||||||
1. ACCOUNTING POLICIES |
1a. Basis Of Accounting | ||||||||
The accounts have been prepared under the historical cost convention. | ||||||||
The accounts have been prepared in accordance with FRS102 - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 . |
1b. Depreciation | ||||||||
|
||||||||
Plant and Machinery | reducing balance 20% | |||||||
Commercial Vehicles | reducing balance 25% | |||||||
Fixtures and Fittings | reducing balance 20% |
1c. Stocks | ||||||||
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell (net realisable value). Costs, which comprise direct production costs, are based on the method most appropriate to the type of inventory class, but usually on a first-in-first-out basis. Overheads are charged to profit or loss as incurred. Net realisable value is based on the estimated selling price less any estimated completion or selling costs. | ||||||||
When stocks are sold, the carrying amount of those stocks is recognised as an expense in the period in which the related revenue is recognised. The amount of any write-down of stocks to net realisable value and all losses of stocks are recognised as an expense in the period in which the write-down or loss occurs. The amount of any reversal of any write-down of stocks is recognised as a reduction in the amount of stocks recognised as an expense in the period in which the reversal occurs. |
1d. Pension Costs | ||||||||
The company operates a defined contribution pension scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme. |
1e. Leases | ||||||||
Assets held under finance leases and hire purchase contracts are capitalised in the balance sheet at their fair value and depreciated over their expected useful lives. The interest element of leasing payments represents a constant proportion of the capital balance outstanding and is charged to the profit and loss account over the period of the lease. All other leases are regarded as operating leases and the payments made under them are charged to the profit and loss account on a straight line basis over the lease term. |
|
||||||||
Simplex Limited | ||||||||
|
2. TANGIBLE FIXED ASSETS | ||||||||||
Plant and | Commercial | Fixtures | ||||||||
Machinery | Vehicles | and Fittings | Equipment | Total | ||||||
£ | £ | £ | £ | £ | ||||||
Cost | ||||||||||
At 1 January 2016 | 210,665 | 11,398 | 27,766 | 6,436 | 256,265 | |||||
Additions | 6,316 | - | - | - | 6,316 | |||||
At 31 December 2016 | 216,981 | 11,398 | 27,766 | 6,436 | 262,581 | |||||
Depreciation | ||||||||||
At 1 January 2016 | 147,727 | 8,244 | 24,788 | 6,436 | 187,195 | |||||
For the year | 13,851 | 789 | 595 | - | 15,235 | |||||
At 31 December 2016 | 161,578 | 9,033 | 25,383 | 6,436 | 202,430 | |||||
Net Book Amounts | ||||||||||
At 31 December 2016 |
|
|
|
|
|
|||||
At 31 December 2015 |
|
|
|
|
|
|||||
3. STOCK | 2016 | 2015 | ||||
£ | £ | |||||
Stock comprises: | ||||||
Stock |
|
|
||||
|
|
4. DEBTORS | 2016 | 2015 | ||||||
£ | £ | |||||||
Amounts falling due within one year | ||||||||
Trade debtors | 140,400 | 105,257 | ||||||
Other debtors | 1,529 | 1,230 | ||||||
Amounts due from group companies | 37,592 | 37,592 | ||||||
Prepayments | 17,700 | 20,954 | ||||||
197,221 | 165,033 | |||||||
|
||||||||
Simplex Limited | ||||||||
|
5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | ||||||||
2016 | 2015 | |||||||
£ | £ | |||||||
UK corporation tax | 15,108 | 13,125 | ||||||
VAT | 32,552 | 19,032 | ||||||
PAYE control | 10,214 | 8,519 | ||||||
Hire purchase | 8,452 | 8,452 | ||||||
Trade creditors | 54,351 | 29,614 | ||||||
Accruals | 2,270 | 2,596 | ||||||
122,947 | 81,338 | |||||||
6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR | ||||||||
2016 | 2015 | |||||||
£ | £ | |||||||
Hire purchase >1yr | 28,880 | 37,332 | ||||||
28,880 | 37,332 | |||||||
7. EMPLOYEES | ||||||
2016 | 2015 | |||||
No. | No. | |||||
Average number of employees | 10 | 10 | ||||
8. PROVISIONS FOR LIABILITIES | 2016 | 2015 | ||||||
£ | £ | |||||||
Deferred taxation | 1,500 | 1,500 | ||||||
1,500 | 1,500 | |||||||
|
||||||||
Simplex Limited | ||||||||
|
9. SHARE CAPITAL | 2016 | 2015 | ||||||
£ | £ | |||||||
Allotted, issued and fully paid: | ||||||||
|
1000 | 1000 | ||||||
1,000 | 1,000 | |||||||