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REGISTERED NUMBER: 08898436 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 28 FEBRUARY 2023

FOR

SIMPSON CONSTRUCTION (BUILDING SERVICES)
LIMITED

SIMPSON CONSTRUCTION (BUILDING SERVICES)
LIMITED (REGISTERED NUMBER: 08898436)

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


SIMPSON CONSTRUCTION (BUILDING SERVICES)
LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 28 FEBRUARY 2023







DIRECTORS: W A Simpson
M J T Doodson
Mrs U G Simpson





REGISTERED OFFICE: Victoria House
Bondgate Within
Alnwick
Northumberland
NE66 1TA





REGISTERED NUMBER: 08898436 (England and Wales)





ACCOUNTANTS: Greaves Grindle
Chartered Accountants
Victoria House
Bondgate Within
Alnwick
Northumberland
NE66 1TA

SIMPSON CONSTRUCTION (BUILDING SERVICES)
LIMITED (REGISTERED NUMBER: 08898436)

BALANCE SHEET
28 FEBRUARY 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 414,041 314,043

CURRENT ASSETS
Stocks 81,000 103,936
Debtors 5 105,729 89,770
Cash at bank 690,705 739,645
877,434 933,351
CREDITORS
Amounts falling due within one year 6 166,556 248,971
NET CURRENT ASSETS 710,878 684,380
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,124,919

998,423

PROVISIONS FOR LIABILITIES 68,681 62,631
NET ASSETS 1,056,238 935,792

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 1,056,138 935,692
SHAREHOLDERS' FUNDS 1,056,238 935,792

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.

SIMPSON CONSTRUCTION (BUILDING SERVICES)
LIMITED (REGISTERED NUMBER: 08898436)

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 27 November 2023 and were signed on its behalf by:





W A Simpson - Director


SIMPSON CONSTRUCTION (BUILDING SERVICES)
LIMITED (REGISTERED NUMBER: 08898436)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023


1. STATUTORY INFORMATION

Simpson Construction (Building Services) 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 the cost less estimated residual value of each asset over its estimated useful life.
Plant and machinery - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 20% on cost

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

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.

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.

SIMPSON CONSTRUCTION (BUILDING SERVICES)
LIMITED (REGISTERED NUMBER: 08898436)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28 FEBRUARY 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 9 (2022 - 7 ) .

4. TANGIBLE FIXED ASSETS
Freehold Plant and Motor Computer
property machinery vehicles equipment Totals
£    £    £    £    £   
COST
At 1 March 2022 - 537,768 127,858 19,323 684,949
Additions 75,154 74,732 34,712 1,736 186,334
Disposals - (13,150 ) (26,894 ) - (40,044 )
At 28 February 2023 75,154 599,350 135,676 21,059 831,239
DEPRECIATION
At 1 March 2022 - 277,147 81,333 12,426 370,906
Charge for year - 46,458 17,472 2,984 66,914
Eliminated on disposal - (5,074 ) (15,548 ) - (20,622 )
At 28 February 2023 - 318,531 83,257 15,410 417,198
NET BOOK VALUE
At 28 February 2023 75,154 280,819 52,419 5,649 414,041
At 28 February 2022 - 260,621 46,525 6,897 314,043

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 33,921 (1,196 )
Other debtors 71,808 90,966
105,729 89,770

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Hire purchase contracts - 16,822
Trade creditors 78,898 80,009
Taxation and social security 56,758 147,776
Other creditors 30,900 4,364
166,556 248,971