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REGISTERED NUMBER: SC486631 (Scotland)















Unaudited Financial Statements for the Year Ended 30 September 2023

for

SIMMS ELECTRICAL ENGINEERING LIMITED

SIMMS ELECTRICAL ENGINEERING LIMITED (REGISTERED NUMBER: SC486631)






Contents of the Financial Statements
FOR THE YEAR ENDED 30 SEPTEMBER 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


SIMMS ELECTRICAL ENGINEERING LIMITED

Company Information
FOR THE YEAR ENDED 30 SEPTEMBER 2023







DIRECTOR: R W Simms





REGISTERED OFFICE: First Floor, 5 Abercrombie Court
Prospect Road
Arnhall Business Park
Westhill
Aberdeenshire
AB32 6FE





REGISTERED NUMBER: SC486631 (Scotland)





ACCOUNTANTS: Fyfe Moir & Associates
1st Floor, 5 Abercrombie Crt
Prospect Road,
Westhill
Aberdeenshire
Grampian
AB32 6FE

SIMMS ELECTRICAL ENGINEERING LIMITED (REGISTERED NUMBER: SC486631)

Balance Sheet
30 SEPTEMBER 2023

30.9.23 30.9.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,336 1,226

CURRENT ASSETS
Debtors 5 4,337 2,640
Cash at bank 21,594 60,817
25,931 63,457
CREDITORS
Amounts falling due within one year 6 23,212 27,601
NET CURRENT ASSETS 2,719 35,856
TOTAL ASSETS LESS CURRENT
LIABILITIES

4,055

37,082

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 3,955 36,982
SHAREHOLDERS' FUNDS 4,055 37,082

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

SIMMS ELECTRICAL ENGINEERING LIMITED (REGISTERED NUMBER: SC486631)

Balance Sheet - continued
30 SEPTEMBER 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 director and authorised for issue on 1 February 2024 and were signed by:





R W Simms - Director


SIMMS ELECTRICAL ENGINEERING LIMITED (REGISTERED NUMBER: SC486631)

Notes to the Financial Statements
FOR THE YEAR ENDED 30 SEPTEMBER 2023

1. STATUTORY INFORMATION

Simms Electrical Engineering Limited is a private company, limited by shares , registered in Scotland. 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.
Fixtures and fittings - 15% on cost
Computer equipment - 15% on cost

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

SIMMS ELECTRICAL ENGINEERING LIMITED (REGISTERED NUMBER: SC486631)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2023

4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 October 2022 935 3,254 4,189
Additions - 408 408
At 30 September 2023 935 3,662 4,597
DEPRECIATION
At 1 October 2022 420 2,543 2,963
Charge for year 13 285 298
At 30 September 2023 433 2,828 3,261
NET BOOK VALUE
At 30 September 2023 502 834 1,336
At 30 September 2022 515 711 1,226

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.23 30.9.22
£    £   
Trade debtors 2,891 2,640
Prepayments and accrued income 1,446 -
4,337 2,640

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.23 30.9.22
£    £   
Trade creditors 1,214 760
Tax 14,434 19,341
VAT 5,343 6,424
Directors' current accounts 2,221 1,076
23,212 27,601