|
|
REGISTERED NUMBER:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
UNAUDITED FINANCIAL STATEMENTS |
|
FOR THE YEAR ENDED 31 MARCH 2017 |
|
FOR |
|
SIMPLY SOURCING LTD |
|
|
REGISTERED NUMBER:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
UNAUDITED FINANCIAL STATEMENTS |
|
FOR THE YEAR ENDED 31 MARCH 2017 |
|
FOR |
|
SIMPLY SOURCING LTD |
SIMPLY SOURCING LTD (REGISTERED NUMBER: 05937779) |
|
|
|
|
|
|
CONTENTS OF THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 MARCH 2017 |
|
|
|
|
Page |
|
Company Information | 1 |
|
Balance Sheet | 2 |
|
Notes to the Financial Statements | 4 |
|
SIMPLY SOURCING LTD |
|
COMPANY INFORMATION |
FOR THE YEAR ENDED 31 MARCH 2017 |
|
|
|
|
|
|
|
DIRECTORS: |
|
|
|
|
|
|
|
|
SECRETARY: |
|
|
|
|
|
|
REGISTERED OFFICE: |
|
|
|
|
|
|
|
|
|
REGISTERED NUMBER: |
|
|
|
|
|
|
ACCOUNTANTS: |
|
Chartered Certified Accountants |
61 Station Road |
Sudbury |
Suffolk |
CO10 2SP |
SIMPLY SOURCING LTD (REGISTERED NUMBER: 05937779) |
|
BALANCE SHEET |
31 MARCH 2017 |
|
31.3.16 | 31.3.17 |
£ | £ | Notes | £ | £ |
FIXED ASSETS |
|
Intangible assets | 4 |
|
|
Tangible assets | 5 |
|
|
|
|
CURRENT ASSETS |
|
Debtors | 6 |
|
|
Cash at bank and in hand |
|
|
|
CREDITORS |
|
Amounts falling due within one year | 7 |
|
( |
) | NET CURRENT LIABILITIES | ( |
) |
( |
) |
TOTAL ASSETS LESS CURRENT
LIABILITIES |
( |
) |
|
|
PROVISIONS FOR LIABILITIES |
|
( |
) | NET LIABILITIES | ( |
) |
|
CAPITAL AND RESERVES |
|
Called up share capital | 8 |
|
( |
) | Retained earnings | ( |
) |
( |
) | SHAREHOLDERS' FUNDS | ( |
) |
|
|
|
|
|
The directors acknowledge their 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. |
SIMPLY SOURCING LTD (REGISTERED NUMBER: 05937779) |
|
BALANCE SHEET - continued |
31 MARCH 2017 |
|
|
|
|
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
|
The financial statements were approved by the Board of Directors on
its behalf by: |
|
|
|
|
|
|
|
SIMPLY SOURCING LTD (REGISTERED NUMBER: 05937779) |
|
NOTES TO THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 MARCH 2017 |
|
1. | STATUTORY INFORMATION |
|
Simply Sourcing Ltd is a
|
company's registered number and registered office address can be found on the Company Information |
page. |
|
The presentation currency of the financial statements is the Pound Sterling (£). |
|
|
2. | ACCOUNTING POLICIES |
|
Basis of preparing the financial statements |
|
|
Turnover |
Turnover is measured at the fair value of the consideration received or receivable, excluding |
discounts, rebates, value added tax and other sales taxes. |
|
Intangible assets |
Intangible assets are initially measured at cost. After initial recognition, intangible assets are |
measured at cost less any accumulated amortisation and any accumulated impairment losses. |
|
|
|
Research and development |
Research and development costs relate to the development of a valve for the inflating of party |
balloons, which reduces the volume of helium required to inflate the balloon. Development costs are |
capitalised in the year in which they arise. No amortisation will be provided until such time as the |
product is fully developed and at a stage where it can be marketed for sale. |
|
Tangible fixed assets |
|
Computer equipment | - |
|
|
Foreign currencies |
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling |
at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of |
exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at |
the operating result. |
|
Going concern |
These accounts have been prepared on the going concern basis, the validity of which is dependant |
upon the continued support of the directors. The directors have confirmed their support for a period |
of at least twelve months from the date of signing these financial statements. The going concern basis |
is therefore considered appropriate. |
SIMPLY SOURCING LTD (REGISTERED NUMBER: 05937779) |
|
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31 MARCH 2017 |
|
3. | EMPLOYEES AND DIRECTORS |
|
The average number of employees during the year was
|
|
4. | INTANGIBLE FIXED ASSETS |
Other |
intangible |
assets |
£ |
COST |
At 1 April 2016 |
and 31 March 2017 |
|
NET BOOK VALUE |
At 31 March 2017 |
|
At 31 March 2016 |
|
|
5. | TANGIBLE FIXED ASSETS |
Computer |
equipment |
£ |
COST |
At 1 April 2016 |
|
Additions |
|
Disposals | ( |
) |
At 31 March 2017 |
|
DEPRECIATION |
At 1 April 2016 |
|
Charge for year |
|
Eliminated on disposal | ( |
) |
At 31 March 2017 |
|
NET BOOK VALUE |
At 31 March 2017 |
|
At 31 March 2016 |
|
|
6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.3.17 | 31.3.16 |
£ | £ |
Other debtors |
|
|
SIMPLY SOURCING LTD (REGISTERED NUMBER: 05937779) |
|
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31 MARCH 2017 |
|
7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.3.17 | 31.3.16 |
£ | £ |
Bank loans and overdrafts |
|
|
Trade creditors |
|
|
Taxation and social security |
|
|
Other creditors |
|
|
|
|
|
8. | CALLED UP SHARE CAPITAL |
|
Allotted, issued and fully paid: |
Number: | Class: | Nominal | 31.3.17 | 31.3.16 |
value: | £ | £ |
|
Ordinary A | £1 | 100 | 100 |
|
Ordinary B | £1 | 100 | 100 |
200 | 200 |