2022-04-012023-03-312023-03-31false03948869Simon Safety & Lifting Centre Limited2023-09-25iso4217:GBPxbrli:pure039488692022-04-01039488692023-03-31039488692022-04-012023-03-31039488692021-04-01039488692022-03-31039488692021-04-012022-03-3103948869bus:SmallEntities2022-04-012023-03-3103948869bus:AuditExempt-NoAccountantsReport2022-04-012023-03-3103948869bus:AbridgedAccounts2022-04-012023-03-3103948869bus:PrivateLimitedCompanyLtd2022-04-012023-03-3103948869core:WithinOneYear2023-03-3103948869core:AfterOneYear2023-03-3103948869core:WithinOneYear2022-03-3103948869core:AfterOneYear2022-03-3103948869core:ShareCapital2023-03-3103948869core:SharePremium2023-03-3103948869core:RevaluationReserve2023-03-3103948869core:OtherReservesSubtotal2023-03-3103948869core:RetainedEarningsAccumulatedLosses2023-03-3103948869core:ShareCapital2022-03-3103948869core:SharePremium2022-03-3103948869core:RevaluationReserve2022-03-3103948869core:OtherReservesSubtotal2022-03-3103948869core:RetainedEarningsAccumulatedLosses2022-03-3103948869core:LandBuildings2023-03-3103948869core:PlantMachinery2023-03-3103948869core:Vehicles2023-03-3103948869core:FurnitureFittings2023-03-3103948869core:OfficeEquipment2023-03-3103948869core:NetGoodwill2023-03-3103948869core:IntangibleAssetsOtherThanGoodwill2023-03-3103948869core:ListedExchangeTraded2023-03-3103948869core:UnlistedNon-exchangeTraded2023-03-3103948869core:LandBuildings2022-03-3103948869core:PlantMachinery2022-03-3103948869core:Vehicles2022-03-3103948869core:FurnitureFittings2022-03-3103948869core:OfficeEquipment2022-03-3103948869core:NetGoodwill2022-03-3103948869core:IntangibleAssetsOtherThanGoodwill2022-03-3103948869core:ListedExchangeTraded2022-03-3103948869core:UnlistedNon-exchangeTraded2022-03-3103948869core:LandBuildings2022-04-012023-03-3103948869core:PlantMachinery2022-04-012023-03-3103948869core:Vehicles2022-04-012023-03-3103948869core:FurnitureFittings2022-04-012023-03-3103948869core:OfficeEquipment2022-04-012023-03-3103948869core:NetGoodwill2022-04-012023-03-3103948869core:IntangibleAssetsOtherThanGoodwill2022-04-012023-03-3103948869core:ListedExchangeTraded2022-04-012023-03-3103948869core:UnlistedNon-exchangeTraded2022-04-012023-03-3103948869core:MoreThanFiveYears2022-04-012023-03-3103948869core:Non-currentFinancialInstruments2023-03-3103948869core:Non-currentFinancialInstruments2022-03-3103948869dpl:CostSales2022-04-012023-03-3103948869dpl:DistributionCosts2022-04-012023-03-3103948869dpl:AdministrativeExpenses2022-04-012023-03-3103948869core:LandBuildings2022-04-012023-03-3103948869core:PlantMachinery2022-04-012023-03-3103948869core:Vehicles2022-04-012023-03-3103948869core:FurnitureFittings2022-04-012023-03-3103948869core:OfficeEquipment2022-04-012023-03-3103948869core:NetGoodwill2022-04-012023-03-3103948869core:IntangibleAssetsOtherThanGoodwill2022-04-012023-03-3103948869dpl:GroupUndertakings2022-04-012023-03-3103948869dpl:ParticipatingInterests2022-04-012023-03-3103948869dpl:GroupUndertakingscore:ListedExchangeTraded2022-04-012023-03-3103948869core:ListedExchangeTraded2022-04-012023-03-3103948869dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2022-04-012023-03-3103948869core:UnlistedNon-exchangeTraded2022-04-012023-03-3103948869dpl:CostSales2021-04-012022-03-3103948869dpl:DistributionCosts2021-04-012022-03-3103948869dpl:AdministrativeExpenses2021-04-012022-03-3103948869core:LandBuildings2021-04-012022-03-3103948869core:PlantMachinery2021-04-012022-03-3103948869core:Vehicles2021-04-012022-03-3103948869core:FurnitureFittings2021-04-012022-03-3103948869core:OfficeEquipment2021-04-012022-03-3103948869core:NetGoodwill2021-04-012022-03-3103948869core:IntangibleAssetsOtherThanGoodwill2021-04-012022-03-3103948869dpl:GroupUndertakings2021-04-012022-03-3103948869dpl:ParticipatingInterests2021-04-012022-03-3103948869dpl:GroupUndertakingscore:ListedExchangeTraded2021-04-012022-03-3103948869core:ListedExchangeTraded2021-04-012022-03-3103948869dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2021-04-012022-03-3103948869core:UnlistedNon-exchangeTraded2021-04-012022-03-3103948869core:NetGoodwill2023-03-3103948869core:IntangibleAssetsOtherThanGoodwill2023-03-3103948869core:LandBuildings2023-03-3103948869core:PlantMachinery2023-03-3103948869core:Vehicles2023-03-3103948869core:FurnitureFittings2023-03-3103948869core:OfficeEquipment2023-03-3103948869core:AfterOneYear2023-03-3103948869core:WithinOneYear2023-03-3103948869core:ListedExchangeTraded2023-03-3103948869core:UnlistedNon-exchangeTraded2023-03-3103948869core:ShareCapital2023-03-3103948869core:SharePremium2023-03-3103948869core:RevaluationReserve2023-03-3103948869core:OtherReservesSubtotal2023-03-3103948869core:RetainedEarningsAccumulatedLosses2023-03-3103948869core:NetGoodwill2022-03-3103948869core:IntangibleAssetsOtherThanGoodwill2022-03-3103948869core:LandBuildings2022-03-3103948869core:PlantMachinery2022-03-3103948869core:Vehicles2022-03-3103948869core:FurnitureFittings2022-03-3103948869core:OfficeEquipment2022-03-3103948869core:AfterOneYear2022-03-3103948869core:WithinOneYear2022-03-3103948869core:ListedExchangeTraded2022-03-3103948869core:UnlistedNon-exchangeTraded2022-03-3103948869core:ShareCapital2022-03-3103948869core:SharePremium2022-03-3103948869core:RevaluationReserve2022-03-3103948869core:OtherReservesSubtotal2022-03-3103948869core:RetainedEarningsAccumulatedLosses2022-03-3103948869core:NetGoodwill2021-04-0103948869core:IntangibleAssetsOtherThanGoodwill2021-04-0103948869core:LandBuildings2021-04-0103948869core:PlantMachinery2021-04-0103948869core:Vehicles2021-04-0103948869core:FurnitureFittings2021-04-0103948869core:OfficeEquipment2021-04-0103948869core:AfterOneYear2021-04-0103948869core:WithinOneYear2021-04-0103948869core:ListedExchangeTraded2021-04-0103948869core:UnlistedNon-exchangeTraded2021-04-0103948869core:ShareCapital2021-04-0103948869core:SharePremium2021-04-0103948869core:RevaluationReserve2021-04-0103948869core:OtherReservesSubtotal2021-04-0103948869core:RetainedEarningsAccumulatedLosses2021-04-0103948869core:AfterOneYear2022-04-012023-03-3103948869core:WithinOneYear2022-04-012023-03-3103948869core:Non-currentFinancialInstrumentscore:CostValuation2022-04-012023-03-3103948869core:Non-currentFinancialInstrumentscore:AdditionsToInvestments2022-04-012023-03-3103948869core:Non-currentFinancialInstrumentscore:RevaluationsIncreaseDecreaseInInvestments2022-04-012023-03-3103948869core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInInvestments2022-04-012023-03-3103948869core:Non-currentFinancialInstrumentscore:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments2022-04-012023-03-3103948869core:Non-currentFinancialInstrumentscore:ImpairmentLossReversalProvisionsForImpairmentInvestments2022-04-012023-03-3103948869core:Non-currentFinancialInstrumentscore:AcquisitionsIncreaseInProvisionsForImpairmentInvestments2022-04-012023-03-3103948869core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInProvisionsForImpairmentInvestments2022-04-012023-03-3103948869core:Non-currentFinancialInstrumentscore:OtherIncreaseDecreaseInProvisionsForImpairmentInvestments2022-04-012023-03-3103948869core:Non-currentFinancialInstrumentscore:CostValuation2023-03-3103948869core:Non-currentFinancialInstrumentscore:AdditionsToInvestments2023-03-3103948869core:Non-currentFinancialInstrumentscore:RevaluationsIncreaseDecreaseInInvestments2023-03-3103948869core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInInvestments2023-03-3103948869core:Non-currentFinancialInstrumentscore:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments2023-03-3103948869core:Non-currentFinancialInstrumentscore:ImpairmentLossReversalProvisionsForImpairmentInvestments2023-03-3103948869core:Non-currentFinancialInstrumentscore:AcquisitionsIncreaseInProvisionsForImpairmentInvestments2023-03-3103948869core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInProvisionsForImpairmentInvestments2023-03-3103948869core:Non-currentFinancialInstrumentscore:OtherIncreaseDecreaseInProvisionsForImpairmentInvestments2023-03-3103948869core:Non-currentFinancialInstrumentscore:CostValuation2022-03-3103948869core:Non-currentFinancialInstrumentscore:AdditionsToInvestments2022-03-3103948869core:Non-currentFinancialInstrumentscore:RevaluationsIncreaseDecreaseInInvestments2022-03-3103948869core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInInvestments2022-03-3103948869core:Non-currentFinancialInstrumentscore:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments2022-03-3103948869core:Non-currentFinancialInstrumentscore:ImpairmentLossReversalProvisionsForImpairmentInvestments2022-03-3103948869core:Non-currentFinancialInstrumentscore:AcquisitionsIncreaseInProvisionsForImpairmentInvestments2022-03-3103948869core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInProvisionsForImpairmentInvestments2022-03-3103948869core:Non-currentFinancialInstrumentscore:OtherIncreaseDecreaseInProvisionsForImpairmentInvestments2022-03-3103948869bus:Director12022-04-012023-03-3103948869bus:Director22022-04-012023-03-3103948869bus:Director32022-04-012023-03-31

Simon Safety & Lifting Centre Limited

Registered Number
03948869
(England and Wales)

Unaudited Financial Statements for the Year ended
31 March 2023

Simon Safety & Lifting Centre Limited
Company Information
for the year from 1 April 2022 to 31 March 2023

Directors

Mr S M Ashton
Mr M Smith
Mrs W Ashton

Registered Address

Unit 73
Honeyborough Industrial Estate
Neyland Milford Haven
SA73 1SE

Registered Number

03948869 (England and Wales)
Simon Safety & Lifting Centre Limited
Balance Sheet as at
31 March 2023

Notes

2023

2022

£

£

£

£

Fixed assets
Tangible assets6312,189310,860
312,189310,860
Current assets
Stocks1,246,0011,184,162
Debtors9513,574504,114
Cash at bank and on hand308,928395,874
2,068,5032,084,150
Creditors amounts falling due within one year10(687,574)(546,760)
Net current assets (liabilities)1,380,9291,537,390
Total assets less current liabilities1,693,1181,848,250
Creditors amounts falling due after one year11(216,668)(324,441)
Provisions for liabilities13(55,653)(53,876)
Net assets1,420,7971,469,933
Capital and reserves
Called up share capital100100
Profit and loss account1,420,6971,469,833
Shareholders' funds1,420,7971,469,933
The financial statements were approved and authorised for issue by the Board of Directors on 25 September 2023, and are signed on its behalf by:
Mr S M Ashton
Director
Registered Company No. 03948869
Simon Safety & Lifting Centre Limited
Notes to the Financial Statements
for the year ended 31 March 2023

1.Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
2.Compliance with applicable reporting framework
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
3.Principal activities
The principal activity of the company is the wholesale and retail sale of safety equipment and workwear.
4.Accounting policies
Property, plant and equipment policy
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on tangible fixed assets, except leasehold improvements where, in the opinion of the directors, the residual value of the property is at least cost and therefore there is no depreciation to provide; as follows:

Reducing balance (%)
Plant and machinery20
Vehicles20
Stocks policy
Inventories are valued at the lower of cost and estimated selling price (less any associated costs to enable such sales to complete).
Revenue recognition policy
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Deferred tax policy
Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Foreign currency translation and operations policy
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Leases policy
Assets held under finance leases which are leases where substantially all the risks and rewards of ownership of the asset have passed to the company, and hire purchase contracts are capitalised in the balance sheet. They are depreciated over the shorter of their useful lives or the term of the lease.
Employee benefits policy
Contributions to defined contribution plans are expensed in the period to which they relate.
5.Employee information

20232022
Average number of employees during the year2222
6.Property, plant and equipment

Total

£
Cost or valuation
At 01 April 22604,555
Additions52,618
Disposals(15,086)
At 31 March 23642,087
Depreciation and impairment
At 01 April 22293,695
Charge for year49,993
On disposals(13,790)
At 31 March 23329,898
Net book value
At 31 March 23312,189
At 31 March 22310,860
7.Dividends proposed and payable

2023

2022

££
Dividends Paid49,5001,052,125
Total49,5001,052,125
8.Further information regarding the company's financial position
On 10 November 2021 Simon Safety & Lifting Centre Limited became a wholly owned subsidiary of Ashton Innovations Limited, a company incorporated in England and Wales.
9.Debtors

2023

2022

££
Trade debtors / trade receivables417,920341,825
Other debtors40,043118,903
Prepayments and accrued income55,61143,386
Total513,574504,114
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
10.Creditors within one year

2023

2022

££
Trade creditors / trade payables441,236292,984
Bank borrowings and overdrafts100,000100,000
Taxation and social security74,55680,062
Finance lease and HP contracts8373,176
Other creditors69,63669,159
Accrued liabilities and deferred income1,3091,379
Total687,574546,760
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
11.Creditors after one year

2023

2022

££
Bank borrowings and overdrafts216,668316,667
Other creditors-7,774
Total216,668324,441
12.Finance lease and HP contracts after one year

2023

2022

££
Finance lease and HP contracts-836
13.Provisions for liabilities

2023

2022

££
Net deferred tax liability (asset)55,65353,876
Total55,65353,876