Company Registration No. 04214713 (England and Wales)
MADE SIMPLE GROUP LIMITED
ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 OCTOBER 2014
MADE SIMPLE GROUP LIMITED
CONTENTS
Page
Abbreviated balance sheet
1 - 2
Notes to the abbreviated accounts
3 - 5
MADE SIMPLE GROUP LIMITED
ABBREVIATED BALANCE SHEET
AS AT
31 OCTOBER 2014
31 October 2014
- 1 -
2014
2013
as restated
Notes
£
£
£
£
Fixed assets
Tangible assets
2
2,028,480
56,698
Investments
2
60,000
60,000
2,088,480
116,698
Current assets
Debtors
738,812
903,139
Cash at bank and in hand
445,648
1,451,972
1,184,460
2,355,111
Creditors: amounts falling due within one year
(638,599)
(681,182)
Net current assets
545,861
1,673,929
Total assets less current liabilities
2,634,341
1,790,627
Creditors: amounts falling due after more than one year
3
(633,887)
-
Provisions for liabilities
(315,045)
(358,032)
1,685,409
1,432,595
Capital and reserves
Called up share capital
4
10,000
10,000
Share premium account
40,630
40,630
Profit and loss account
1,634,779
1,381,965
Shareholders' funds
1,685,409
1,432,595
MADE SIMPLE GROUP LIMITED
ABBREVIATED BALANCE SHEET (CONTINUED)
AS AT
31 OCTOBER 2014
31 October 2014
- 2 -
For the financial year ended 31 October 2014 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
-
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
-
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.
Approved by the Board for issue on 24 July 2015
H Graham
Director
Company Registration No. 04214713
MADE SIMPLE GROUP LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 OCTOBER 2014
- 3 -
1
Accounting policies
1.1
Accounting convention
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).
1.2
Turnover
Turnover represents fees receivable fo r services net of VAT and trade discounts.
fees
receivable fo
r
services net of VAT and trade discounts.
1.3
Tangible fixed assets and depreciation
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:
Land and buildings Leasehold
2% Straight Line
Computer equipment
25% Straight Line
Fixtures, fittings & equipment
20% Straight Line
1.4
Investments
Fixed asset investments are stated at cost less provision for diminution in value.
1.5
Foreign currency translation
Monetary assets and liabilities denominated in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. All differences are taken to profit and loss account.
1.6
Restatement of prior year
The prior year adjustment is required as the profits for the previous year were overstated by £340,515 due to overstated and understated of debtors and creditors.
MADE SIMPLE GROUP LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)
FOR THE YEAR ENDED 31 OCTOBER 2014
- 4 -
2
Fixed assets
Tangible assets
Investments
Total
£
£
£
Cost
At 1 November 2013
272,508
-
272,508
Additions
2,052,261
60,000
2,112,261
Disposals
(272,508)
-
(272,508)
At 31 October 2014
2,052,261
60,000
2,112,261
Depreciation
At 1 November 2013
215,810
-
215,810
On disposals
(267,649)
-
(267,649)
Charge for the year
75,620
-
75,620
At 31 October 2014
23,781
-
23,781
Net book value
At 31 October 2014
2,028,480
60,000
2,088,480
At 31 October 2013
56,698
60,000
116,698
Holdings of more than 20%
The company holds more than 20% of the share capital of the following companies:
Company
Country of registration or
Shares held
incorporation
Class
%
Participating interests
Carvill Creative Limited
England and Wales
Ordinary
49.00
The aggregate amount of capital and reserves and the results of these undertakings for the last relevant financial year were as follows:
Capital and reserves
Profit/(loss) for the year
2014
2014
Principal activity
£
£
Carvill Creative Limited
Marketing and Design
(2,203)
(6,519)
MADE SIMPLE GROUP LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)
FOR THE YEAR ENDED 31 OCTOBER 2014
- 5 -
3
Creditors: amounts falling due after more than one year
2014
2013
£
£
Analysis of loans repayable in more than five years
Loan due in more than five years
680,555
-
4
Share capital
2014
2013
£
£
Allotted, called up and fully paid
36,000 Ord-A of 10p each
3,600
3,600
8,000 Ord-B of 10p each
800
800
16,000 Ord-C of 10p each
1,600
1,600
32,000 Ord-F of 10p each
3,200
3,200
8,000 Ord-G of 10p each
800
800
10,000
10,000
5
Transactions with directors
As at 31 October 2014 the director H Graham owed the company £36,654 (2013: £81,424 owed by the company). This was since fully repaid within nine months of the year end.
2014-10-31
2013-11-01
false
true
true
true
true
false
tmpF9A.html
2015-07-28
04214713
2013-11-01
2014-10-31
04214713
2014-10-31
04214713
2013-10-31
04214713
2013-10-31
04214713
uk-bus:Director1
2013-11-01
2014-10-31
04214713
uk-gaap:LandBuildings
uk-gaap:LeasedTangibleFixedAssets
2013-11-01
2014-10-31
04214713
uk-gaap:ComputerEquipment
2013-11-01
2014-10-31
04214713
uk-gaap:FixturesFittingsToolsEquipment
2013-11-01
2014-10-31
04214713
uk-gaap:Associate1
2013-11-01
2014-10-31
04214713
uk-gaap:Associate1
2014-10-31
04214713
uk-gaap:AllAssociates
2013-11-01
2014-10-31
xbrli:pure
xbrli:shares
iso4217:GBP