Company Registration No. 04214713 (England and Wales)
MADE SIMPLE GROUP LIMITED
ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 OCTOBER 2016
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 2016
31 October 2016
- 1 -
2016
2015
as restated
Notes
£
£
£
£
Fixed assets
Tangible assets
2
1,876,527
1,959,033
Investments
2
60,102
60,102
1,936,629
2,019,135
Current assets
Debtors
353,212
483,459
Cash at bank and in hand
888,536
864,051
1,241,748
1,347,510
Creditors: amounts falling due within one year
(714,202)
(932,215)
Net current assets
527,546
415,295
Total assets less current liabilities
2,464,175
2,434,430
Creditors: amounts falling due after more than one year
(540,551)
(587,219)
Provisions for liabilities
(63,249)
(85,475)
1,860,375
1,761,736
Capital and reserves
Called up share capital
3
10,000
10,000
Share premium account
40,630
40,630
Profit and loss account
1,809,745
1,711,106
Shareholders' funds
1,860,375
1,761,736
MADE SIMPLE GROUP LIMITED
ABBREVIATED BALANCE SHEET (CONTINUED)
AS AT
31 OCTOBER 2016
31 October 2016
- 2 -
For the financial year ended 31 October 2016 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 19 July 2017
K Graham
Director
Company Registration No. 04214713
MADE SIMPLE GROUP LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 OCTOBER 2016
- 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 January 2015).
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
Leasehold improvements
10% 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
Restatement of prior year
The prior year adjustment is required as the profits for the previous years were understated by £49,209 due to over depreciation caused by leasehold improvements wrongly classified as fixtures and fittings.
MADE SIMPLE GROUP LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)
FOR THE YEAR ENDED 31 OCTOBER 2016
- 4 -
2
Fixed assets
Tangible assets
Investments
Total
£
£
£
Cost
At 1 November 2015
2,077,352
60,102
2,137,454
Additions
21,089
-
21,089
Disposals
(3,209)
-
(3,209)
At 31 October 2016
2,095,232
60,102
2,155,334
Depreciation
At 1 November 2015
118,318
-
118,318
On disposals
(1,546)
-
(1,546)
Charge for the year
101,933
-
101,933
At 31 October 2016
218,705
-
218,705
Net book value
At 31 October 2016
1,876,527
60,102
1,936,629
At 31 October 2015
1,959,033
60,102
2,019,135
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
%
Subsidiary undertakings
Business Training Made Simple Ltd
England and Wales
Ordinary
51.00
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
2016
2016
Principal activity
£
£
Business Training Made Simple Ltd
Business training
(58,904)
(59,050)
Carvill Creative Limited
Marketing and Design
767
17,816
MADE SIMPLE GROUP LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)
FOR THE YEAR ENDED 31 OCTOBER 2016
- 5 -
3
Share capital
2016
2015
£
£
Allotted, called up and fully paid
36,000 Ordinary-A of 10p each
3,600
3,600
8,000 Ordinary-B of 10p each
800
800
16,000 Ordinary-C of 10p each
1,600
1,600
32,000 Ordinary-F of 10p each
3,200
3,200
8,000 Ordinary-G of 10p each
800
800
10,000
10,000
4
Transactions with directors
As at 31 October 2016 the director H Graham owed £75,167 (2015: £76,232 due from) to the company. This amount is included in other debtors.
5
Related party relationships and transactions
At the year end the following balances were included within other debtors:
Westbury Accountants: £120,679 (2015: £134,270), the director K Graham is a partner. During the year interest of £6,240 (2015: £6,240) was received in respect of this balance.
Donations Made Simple Limited: £4,010 (2015: £4,010), a company in which H Graham is also a director and shareholder.
Business Training Made Simple Limited: NIL (2015: £111,770) a subsidiary company.
Included in other debtors is amount of £20,000 owed by Carville Creative Limited, a company in which H Graham and M Carville are also directors.
All the transactions were carried out on commercial terms and on an arms length basis.
During the year a dividend of £25,000 was paid to H Graham, £25,000 to L J Graham, £50,000 to K Graham and £50,000 to N H Minsky.