true
Simply Automotive Limited
09410693
2016-03-31
3745
3746
1
3746
3746
2107
24287
26394
3831
12950
9613
1639
1639
Basis of accounting
The financial statements have been prepared under the historical cost convention, and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).
The principal activity of the company is exposed to inherent uncertainties and global market fluctuations beyond the control of the management of the company. The company meets its working capital requirements from its day to day activities in this market place and the director considers that the company will continue to operate on this basis and that it is appropriate to prepare the financial statements on the going concern basis. The financial statements do not include any adjustments that would result from a downturn in the market in which it operates.
The company has taken advantage of the exemption in Financial Reporting Standard number 1 from the requirement to produce a cash flow statement on the grounds that it is a small company.
Turnover
Turnover represents the invoiced value of goods and services supplied by the company, net of value added tax and trade discounts.
Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance
for obsolete and slow moving items.
Fixed Assets
All fixed assets are initially recorded at cost.
Plant & Machinery
Straight line
0.1500
Motor Vehicles
Reducing balance
0.2500
Equipment
Straight line
0.3300
2229
2337
-108
590
590
2229
2337
-108
590
590
Ordinary
1
1
1
0
Ordinary
1
1
1
Ordinary
1
1
1
1
2016-11-28
Mr J Kirtley
true
true
true
true
xbrli:shares
iso4217:GBP
xbrli:pure
Simply Automotive Limited
2015-01-28
2016-03-31
Simply Automotive Limited
2014-04-01
2015-01-27
Simply Automotive Limited
2014-03-31
Simply Automotive Limited
2015-01-27
Simply Automotive Limited
2015-01-27
Simply Automotive Limited
2016-03-31
2016-11-28