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REGISTERED NUMBER: 12044073 (England and Wales)



















Unaudited Financial Statements

for the Year Ended 28 February 2023

for

J.W. Simpkin (Fire Protection) Ltd

J.W. Simpkin (Fire Protection) Ltd (Registered number: 12044073)






Contents of the Financial Statements
for the Year Ended 28 February 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


J.W. Simpkin (Fire Protection) Ltd

Company Information
for the Year Ended 28 February 2023







DIRECTORS: J D Cokayne
M A Gregory
S O Moore





REGISTERED OFFICE: Unit 10
High Holborn Road
Ripley
Derbyshire
DE5 3NW





REGISTERED NUMBER: 12044073 (England and Wales)





ACCOUNTANTS: Bates Weston LLP
Chartered Accountants
The Mills
Canal Street
Derby
DE1 2RJ

J.W. Simpkin (Fire Protection) Ltd (Registered number: 12044073)

Balance Sheet
28 February 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 20,037 13,521

CURRENT ASSETS
Stocks 784 1,397
Debtors 5 208,894 149,117
Cash at bank and in hand 7,520 9,240
217,198 159,754
CREDITORS
Amounts falling due within one year 6 94,792 80,277
NET CURRENT ASSETS 122,406 79,477
TOTAL ASSETS LESS CURRENT
LIABILITIES

142,443

92,998

CREDITORS
Amounts falling due after more than one
year

7

199,128

194,885
NET LIABILITIES (56,685 ) (101,887 )

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings (56,687 ) (101,889 )
(56,685 ) (101,887 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2023 in accordance with Section 476 of the Companies Act 2006.

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.

J.W. Simpkin (Fire Protection) Ltd (Registered number: 12044073)

Balance Sheet - continued
28 February 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 25 September 2023 and were signed on its behalf by:





S O Moore - Director


J.W. Simpkin (Fire Protection) Ltd (Registered number: 12044073)

Notes to the Financial Statements
for the Year Ended 28 February 2023

1. STATUTORY INFORMATION

J.W. Simpkin (Fire Protection) Ltd 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 Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover represents the amounts (excluding value added tax and including, where applicable,
relevant costs and overheads plus attributable profit to date recoverable on contracts) derived from the provision of goods and services to customers during the period.

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 - 15% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance
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.

Cost is based on latest invoice value.

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

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.

Hire purchase
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 1 ) .

J.W. Simpkin (Fire Protection) Ltd (Registered number: 12044073)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2023

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 March 2022 1,043 1,390 25,325 2,770 30,528
Additions 1,649 - 10,985 1,787 14,421
Disposals - - (345 ) - (345 )
At 28 February 2023 2,692 1,390 35,965 4,557 44,604
DEPRECIATION
At 1 March 2022 391 646 14,264 1,706 17,007
Charge for year 198 348 6,560 753 7,859
Eliminated on disposal - - (299 ) - (299 )
At 28 February 2023 589 994 20,525 2,459 24,567
NET BOOK VALUE
At 28 February 2023 2,103 396 15,440 2,098 20,037
At 28 February 2022 652 744 11,061 1,064 13,521

5. DEBTORS
2023 2022
£    £   
Amounts falling due within one year:
Trade debtors 71,429 39,808
Other debtors - 456
Directors' loan accounts 86,200 59,596
Prepayments 9,917 6,888
167,546 106,748

Amounts falling due after more than one year:
Tax 28,348 19,369
Deferred tax 13,000 23,000
41,348 42,369

Aggregate amounts 208,894 149,117

Deferred tax asset20232022
££

Accelerated capital allowances(3,000)(3,000)
Trading losses16,00026,000
13,00023,000

J.W. Simpkin (Fire Protection) Ltd (Registered number: 12044073)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2023

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 2,978 2,903
Hire purchase contracts 15,538 4,306
Trade creditors 40,332 24,761
Tax 8,979 17,369
Social security and other taxes 16,955 29,241
Other creditors 8,910 257
Accrued expenses 1,100 1,440
94,792 80,277

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 7,022 10,097
Other loans 183,197 170,000
Hire purchase contracts 8,909 14,788
199,128 194,885

8. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Hire purchase contracts 24,447 19,094

Hire purchase creditors are secured on the related assets.

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

During the period advances of £26,604 were made to a director.

Interest has been charged at the official rate of interest prescribed by HM Revenue and Customs and the balance is repayable on demand.