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REGISTERED NUMBER: 04667864 (England and Wales)















FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023

FOR

SIMMONITES LIMITED

SIMMONITES LIMITED (REGISTERED NUMBER: 04667864)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


SIMMONITES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2023







DIRECTORS: Mark Calzoni
Rachael Anne Dilworth
Susan Melanie Simmonite
Stephanie Lee





REGISTERED OFFICE: 755 Thornton Road
Thornton
Bradford
West Yorkshire
BD13 3NW





REGISTERED NUMBER: 04667864 (England and Wales)





ACCOUNTANTS: Walter Dawson & Son
Chartered Accountants
16 Omega Business Village
Thurston Road
Northallerton
North Yorkshire
DL6 2NJ

SIMMONITES LIMITED (REGISTERED NUMBER: 04667864)

BALANCE SHEET
31 MARCH 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 22,161 27,101

CURRENT ASSETS
Stocks 472,356 311,904
Debtors 5 39,535 4,844
Cash at bank and in hand 111,586 341,274
623,477 658,022
CREDITORS
Amounts falling due within one year 6 146,013 187,659
NET CURRENT ASSETS 477,464 470,363
TOTAL ASSETS LESS CURRENT LIABILITIES 499,625 497,464

PROVISIONS FOR LIABILITIES 3,024 3,682
NET ASSETS 496,601 493,782

CAPITAL AND RESERVES
Called up share capital 100 100
Profit and loss account 496,501 493,682
496,601 493,782

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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.

SIMMONITES LIMITED (REGISTERED NUMBER: 04667864)

BALANCE SHEET - continued
31 MARCH 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 28 September 2023 and were signed on its behalf by:




Mark Calzoni - Director Susan Melanie Simmonite - Director




Rachael Anne Dilworth - Director Stephanie Lee - Director


SIMMONITES LIMITED (REGISTERED NUMBER: 04667864)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

1. STATUTORY INFORMATION

Simmonites 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.
Freehold property - 10% on cost
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Plant, machinery & computer equipment - 20% 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 Profit and Loss Account, 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.

HIRE PURCHASE AND LEASING COMMITMENTS
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

SIMMONITES LIMITED (REGISTERED NUMBER: 04667864)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023

2. ACCOUNTING POLICIES - continued

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.

INCOME RECOGNITION
Income is recognised when goods have been delivered to customers such that the risks and rewards of ownership have transferred to them.

FINANCE COSTS OF DEBT
The finance costs of debt, including interest and issue costs, are allocated to each period over the
term of the debt and charged to the profit and loss account at a constant rate on the outstanding
amount.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2022 - 9 ) .

4. TANGIBLE FIXED ASSETS
Plant,
Fixtures machinery
Freehold and Motor & computer
property fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 April 2022 14,726 42,355 40,451 52,157 149,689
Additions - - - 138 138
At 31 March 2023 14,726 42,355 40,451 52,295 149,827
DEPRECIATION
At 1 April 2022 7,006 34,304 38,275 43,003 122,588
Charge for year 1,473 1,209 541 1,855 5,078
At 31 March 2023 8,479 35,513 38,816 44,858 127,666
NET BOOK VALUE
At 31 March 2023 6,247 6,842 1,635 7,437 22,161
At 31 March 2022 7,720 8,051 2,176 9,154 27,101

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 1,445 4,664
Other debtors 38,090 180
39,535 4,844

SIMMONITES LIMITED (REGISTERED NUMBER: 04667864)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 122,942 45,073
Taxation and social security 12,616 40,216
Other creditors 10,455 102,370
146,013 187,659

7. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2023 2022
£    £   
Within one year 940 1,886
Between one and five years - 940
940 2,826

The obligations under finance leases are secured by a charge on the assets purchased under these agreements.

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2023 and 31 March 2022:

2023 2022
£    £   
Mark Calzoni
Balance outstanding at start of year (76,537 ) (105,998 )
Amounts advanced 133,254 104,631
Amounts repaid (18,627 ) (75,170 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 38,090 (76,537 )

9. PENSION COMMITMENTS

The company operates a defined pension scheme. The assets of the pension scheme are held separately from those of the company in an independently administered fund. The pension cost represents contributions payable by the company and amounted to £3,750 (2022: £3,760).
Contributions totalling £340 (2022: £329) were payable to the fund at the year end and are included in other creditors.

10. OTHER DISCLOSURES

Clydesdale Bank PLC holds a fixed and floating charge over the assets of the company in respect of an overdraft facility.