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REGISTERED NUMBER: 06088963 (England and Wales)















FINANCIAL STATEMENTS

FOR THE YEAR ENDED 28 FEBRUARY 2018

FOR

SIMPLY REMOVALS UK LIMITED

SIMPLY REMOVALS UK LIMITED (REGISTERED NUMBER: 06088963)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 February 2018




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


SIMPLY REMOVALS UK LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 28 February 2018







DIRECTOR: D R Muretti





REGISTERED OFFICE: 12 Gateway Mews
Ring Way
London
N11 2UT





REGISTERED NUMBER: 06088963 (England and Wales)





ACCOUNTANTS: G. George Associates Limited
Chartered Certified Accountants
12 Gateway Mews
Ring Way
London
N11 2UT

SIMPLY REMOVALS UK LIMITED (REGISTERED NUMBER: 06088963)

BALANCE SHEET
28 February 2018

28.2.18 28.2.17
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 494,635 551,655

CURRENT ASSETS
Stocks 14,215 15,623
Debtors 5 689,783 580,852
Cash at bank and in hand 33,663 53,671
737,661 650,146
CREDITORS
Amounts falling due within one year 6 990,773 746,078
NET CURRENT LIABILITIES (253,112 ) (95,932 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

241,523

455,723

CREDITORS
Amounts falling due after more than one
year

7

92,591

214,088
NET ASSETS 148,932 241,635

CAPITAL AND RESERVES
Called up share capital 10,000 10,000
Retained earnings 138,932 231,635
SHAREHOLDERS' FUNDS 148,932 241,635

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2018 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 REMOVALS UK LIMITED (REGISTERED NUMBER: 06088963)

BALANCE SHEET - continued
28 February 2018


The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director on 28 November 2018 and were signed by:





D R Muretti - Director


SIMPLY REMOVALS UK LIMITED (REGISTERED NUMBER: 06088963)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 February 2018

1. STATUTORY INFORMATION

Simply Removals UK Limited is a private company, limited by shares , registered in England and Wales. The
company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,
value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 10% on cost
Computer equipment - 25% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow
moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to
the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or
substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance
sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from
those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that
have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the
timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they
will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension
scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 18 (2017 - 15 ) .

SIMPLY REMOVALS UK LIMITED (REGISTERED NUMBER: 06088963)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28 February 2018

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 March 2017 65,644 199,631 516,161 145,225 926,661
Additions - 352 - 46,392 46,744
At 28 February 2018 65,644 199,983 516,161 191,617 973,405
DEPRECIATION
At 1 March 2017 41,310 139,478 126,354 67,864 375,006
Charge for year 6,084 15,126 51,616 30,938 103,764
At 28 February 2018 47,394 154,604 177,970 98,802 478,770
NET BOOK VALUE
At 28 February 2018 18,250 45,379 338,191 92,815 494,635
At 28 February 2017 24,334 60,153 389,807 77,361 551,655

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.18 28.2.17
£    £   
Trade debtors 61,178 51,428
Other debtors 628,605 529,424
689,783 580,852

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.18 28.2.17
£    £   
Bank loans and overdrafts 55,174 67,985
Hire purchase contracts 69,734 102,031
Trade creditors 55,189 82,532
Taxation and social security 165,267 89,559
Other creditors 645,409 403,971
990,773 746,078

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
28.2.18 28.2.17
£    £   
Hire purchase contracts 92,591 214,088