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REGISTERED NUMBER: 04542256 (England and Wales)










Unaudited Financial Statements

for the Year Ended 31 July 2023

for

Simmons Builders Limited

Simmons Builders Limited (Registered number: 04542256)






Contents of the Financial Statements
for the Year Ended 31 July 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Simmons Builders Limited

Company Information
for the Year Ended 31 July 2023







DIRECTORS: Mr B Simmons
Mr P B Simmons





SECRETARY: Mrs K K Simmons





REGISTERED OFFICE: York Cottage
Laxfield Road
Stradbroke
Eye
Suffolk
IP21 5HX





REGISTERED NUMBER: 04542256 (England and Wales)





ACCOUNTANTS: Turner & Ellerby
Chartered Certified Accountants
5 Church Street
Framlingham
Woodbridge
Suffolk
IP13 9BQ

Simmons Builders Limited (Registered number: 04542256)

Balance Sheet
31 July 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 6,646 8,865

CURRENT ASSETS
Stocks 825 825
Debtors 5 19,925 47,990
Cash at bank 208,666 74,472
229,416 123,287
CREDITORS
Amounts falling due within one year 6 69,840 26,761
NET CURRENT ASSETS 159,576 96,526
TOTAL ASSETS LESS CURRENT
LIABILITIES

166,222

105,391

PROVISIONS FOR LIABILITIES 7 1,263 1,684
NET ASSETS 164,959 103,707

CAPITAL AND RESERVES
Called up share capital 6 6
Retained earnings 164,953 103,701
SHAREHOLDERS' FUNDS 164,959 103,707

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

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

Simmons Builders Limited (Registered number: 04542256)

Balance Sheet - continued
31 July 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 25 March 2024 and were signed on its behalf by:




Mr B Simmons - Director



Mr P B Simmons - Director


Simmons Builders Limited (Registered number: 04542256)

Notes to the Financial Statements
for the Year Ended 31 July 2023

1. STATUTORY INFORMATION

Simmons Builders 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 - 25% on reducing balance
Motor vehicles - 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.

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.

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.

Simmons Builders Limited (Registered number: 04542256)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2023

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2022 - 4 ) .

4. TANGIBLE FIXED ASSETS
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 1 August 2022
and 31 July 2023 42,840 27,948 70,788
DEPRECIATION
At 1 August 2022 37,905 24,018 61,923
Charge for year 1,234 985 2,219
At 31 July 2023 39,139 25,003 64,142
NET BOOK VALUE
At 31 July 2023 3,701 2,945 6,646
At 31 July 2022 4,935 3,930 8,865

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Unbilled sales contracts 15,798 33,415
Directors' current accounts 2,256 4,427
VAT - 8,595
Prepayments 1,871 1,553
19,925 47,990

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 31,336 4,550
Tax 19,382 17,806
Social security and other taxes 183 -
VAT 15,564 -
Auto-enrolment pension 295 258
Net wages 750 1,773
Accrued expenses 2,330 2,374
69,840 26,761

7. PROVISIONS FOR LIABILITIES
2023 2022
£    £   
Deferred tax 1,263 1,684

Simmons Builders Limited (Registered number: 04542256)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2023

7. PROVISIONS FOR LIABILITIES - continued

Deferred
tax
£   
Balance at 1 August 2022 1,684
Credit to Income Statement during year (421 )
Balance at 31 July 2023 1,263

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 July 2023 and 31 July 2022:

2023 2022
£    £   
Mr B Simmons
Balance outstanding at start of year 4,319 (3,707 )
Amounts advanced 689 11,500
Amounts repaid (4,319 ) (3,474 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 689 4,319

Mr P B Simmons
Balance outstanding at start of year 108 (284 )
Amounts advanced 1,567 6,028
Amounts repaid (108 ) (5,636 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 1,567 108