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REGISTERED NUMBER: 00579309 (England and Wales)















Unaudited Financial Statements for the Year Ended 28 February 2023

for

W.A. Simpkin & Sons Limited

W.A. Simpkin & Sons Limited (Registered number: 00579309)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3

Chartered Certified Accountants' Report 6

W.A. Simpkin & Sons Limited

Company Information
for the Year Ended 28 February 2023







DIRECTOR: Mrs J Simpkin





SECRETARY: M Simpkin





REGISTERED OFFICE: c/o Charnwood Accountants
The Point, Granite Way
Mountsorrel
Loughborough
Leicestershire
LE12 7TZ





REGISTERED NUMBER: 00579309 (England and Wales)





ACCOUNTANTS: Charnwood Accountants & Business Advisors LLP
The Point
Granite Way
Mountsorrel
Loughborough
Leicestershire
LE12 7TZ

W.A. Simpkin & Sons Limited (Registered number: 00579309)

Balance Sheet
28 February 2023

28.2.23 28.2.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 22,775 354
Investment property 5 1,184,838 1,169,410
1,207,613 1,169,764

CURRENT ASSETS
Debtors 6 4,262 25,020
Cash at bank 122,614 158,806
126,876 183,826
CREDITORS
Amounts falling due within one year 7 15,531 30,883
NET CURRENT ASSETS 111,345 152,943
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,318,958

1,322,707

CAPITAL AND RESERVES
Called up share capital 5,000 5,000
Investment property
revaluation reserve 8 473,816 473,816
Retained earnings 840,142 843,891
1,318,958 1,322,707

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 director acknowledges her 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.

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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 5 October 2023 and were signed by:



Mrs J Simpkin - Director


W.A. Simpkin & Sons Limited (Registered number: 00579309)

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

1. STATUTORY INFORMATION

W.A. Simpkin & Sons 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 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 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 etc - 25% on reducing balance

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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.

3. EMPLOYEES AND DIRECTORS

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

W.A. Simpkin & Sons Limited (Registered number: 00579309)

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

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 March 2022 1,786
Additions 28,137
At 28 February 2023 29,923
DEPRECIATION
At 1 March 2022 1,432
Charge for year 5,716
At 28 February 2023 7,148
NET BOOK VALUE
At 28 February 2023 22,775
At 28 February 2022 354

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 March 2022 1,169,410
Additions 15,428
At 28 February 2023 1,184,838
NET BOOK VALUE
At 28 February 2023 1,184,838
At 28 February 2022 1,169,410

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.23 28.2.22
£    £   
Other debtors 4,262 25,020

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.23 28.2.22
£    £   
Taxation and social security 1,546 17,741
Other creditors 13,985 13,142
15,531 30,883

W.A. Simpkin & Sons Limited (Registered number: 00579309)

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

8. RESERVES
Investment
property
revaluation
reserve
£   
At 1 March 2022
and 28 February 2023 473,816

9. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is The Simpkin 2012 Family SettlementTrust..

Chartered Certified Accountants' Report to the Director
on the Unaudited Financial Statements of
W.A. Simpkin & Sons Limited

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of W.A. Simpkin & Sons Limited for the year ended 28 February 2023 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/rulebook.

This report is made solely to the director of W.A. Simpkin & Sons Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of W.A. Simpkin & Sons Limited and state those matters that we have agreed to state to the director of W.A. Simpkin & Sons Limited in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its director for our work or for this report.

It is your duty to ensure that W.A. Simpkin & Sons Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of W.A. Simpkin & Sons Limited. You consider that W.A. Simpkin & Sons Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of W.A. Simpkin & Sons Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Charnwood Accountants & Business Advisors LLP
The Point
Granite Way
Mountsorrel
Loughborough
Leicestershire
LE12 7TZ


5 October 2023