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REGISTERED NUMBER: 04276451 (England and Wales)















Unaudited Financial Statements

for the Year Ended 31 December 2023

for

SIMMONS INDUSTRIAL SERVICES LIMITED

SIMMONS INDUSTRIAL SERVICES LIMITED (REGISTERED NUMBER: 04276451)

Contents of the Financial Statements
for the year ended 31 December 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Accountants' Report 8

SIMMONS INDUSTRIAL SERVICES LIMITED

Company Information
for the year ended 31 December 2023







Directors: R Simmons
G Simmons





Registered office: Unit 23 Io Trade Centre
57a Croydon Road
Beddington
Surrey
CR0 4WQ





Registered number: 04276451 (England and Wales)





Accountants: Cooper Parry Advisory Limited
Aissela
46 High Street
Esher
Surrey
KT10 9QY

SIMMONS INDUSTRIAL SERVICES LIMITED (REGISTERED NUMBER: 04276451)

Balance Sheet
31 December 2023

2023 2022
Notes £ £ £ £
Fixed assets
Tangible assets 4 349,386 375,893

Current assets
Debtors 5 410,633 574,116
Cash at bank and in hand 372,448 250,864
783,081 824,980
Creditors
Amounts falling due within one year 6 379,637 349,253
Net current assets 403,444 475,727
Total assets less current liabilities 752,830 851,620

Creditors
Amounts falling due after more than one
year

7

(104,411

)

(225,149

)

Provisions for liabilities (87,561 ) (71,420 )
Net assets 560,858 555,051

Capital and reserves
Called up share capital 8 100 100
Retained earnings 560,758 554,951
Shareholders' funds 560,858 555,051

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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 INDUSTRIAL SERVICES LIMITED (REGISTERED NUMBER: 04276451)

Balance Sheet - continued
31 December 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 19 July 2024 and were signed on its behalf by:




G Simmons - Director



R Simmons - Director


SIMMONS INDUSTRIAL SERVICES LIMITED (REGISTERED NUMBER: 04276451)

Notes to the Financial Statements
for the year ended 31 December 2023


1. Statutory information

Simmons Industrial 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Key source of estimation, uncertainty and judgement
The preparation of financial statements in conformity with generally accepted accounting practice requires management to make estimates and judgement that affect the reported amounts of assets and liabilities as well as the disclosure of contingent assets and liabilities at the balance sheet date and the reported amounts of revenues and expenses during the reporting period.

There is estimation uncertainty in calculating depreciation. A full line by line review of fixed assets is carried out by management regularly. Whilst every attempt is made to ensure that the depreciation policy is as accurate as possible, there remains a risk that the policy does not match the useful life of the assets.

There is estimation uncertainty in calculating deferred tax. A full line by line review of deferred tax is carried out by management regularly. Whilst every attempt is made to ensure that the deferred tax is as accurate as possible, there remains a risk that the provisions do not match the actual tax liability when asset is disposed of.

There is estimation uncertainty in calculating bad debt provisions. A full line by line review of trade debtors is carried out at the end of each month. Whilst every attempt is made to ensure that the bad debt provisions are as accurate as possible, there remains a risk that the provisions do not match the level of debts which ultimately prove to be uncollectable.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance

SIMMONS INDUSTRIAL SERVICES LIMITED (REGISTERED NUMBER: 04276451)

Notes to the Financial Statements - continued
for the year ended 31 December 2023


2. Accounting policies - continued

Financial instruments
Financial assets and financial liabilities are recognised in the balance sheet when the company becomes a party to the contractual provisions of the instrument.

Trade and other debtors and creditors are classified as basic financial instruments and measured at initial recognition at transaction price. Debtors and creditors are subsequently measured at amortised cost using the effective interest rate method. A provision is established when there is objective evidence that the company will not be able to collect all amounts due.

Cash and cash equivalents are classified as basic financial instruments and comprise cash in hand and at bank and bank overdrafts.

Financial liabilities and equity instruments issued by the company are classified in accordance with the substance of the contractual arrangements entered into and the definitions of a financial liability and an equity instrument. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Equity instruments issued by the company are recorded at the proceeds received, net of direct issue costs.

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.

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 19 (2022 - 20 ) .

SIMMONS INDUSTRIAL SERVICES LIMITED (REGISTERED NUMBER: 04276451)

Notes to the Financial Statements - continued
for the year ended 31 December 2023


4. Tangible fixed assets
Fixtures
Plant and and Motor
machinery fittings vehicles Totals
£ £ £ £
Cost
At 1 January 2023 520,398 24,311 393,881 938,590
Additions 4,184 1,196 79,372 84,752
Disposals - - (66,297 ) (66,297 )
At 31 December 2023 524,582 25,507 406,956 957,045
Depreciation
At 1 January 2023 374,610 12,783 175,304 562,697
Charge for year 36,825 1,800 58,451 97,076
Eliminated on disposal - - (52,114 ) (52,114 )
At 31 December 2023 411,435 14,583 181,641 607,659
Net book value
At 31 December 2023 113,147 10,924 225,315 349,386
At 31 December 2022 145,788 11,528 218,577 375,893

5. Debtors: amounts falling due within one year
2023 2022
£ £
Trade debtors 172,417 341,726
Other debtors 238,216 232,390
410,633 574,116

6. Creditors: amounts falling due within one year
2023 2022
£ £
Bank loans and overdrafts 50,000 50,000
Trade creditors 52,153 82,922
Taxation and social security 114,052 62,640
Other creditors 163,432 153,691
379,637 349,253

7. Creditors: amounts falling due after more than one year
2023 2022
£ £
Bank loans 87,500 137,500
Other creditors 16,911 87,649
104,411 225,149

8. Called up share capital

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £ £
100 Ordinary 1 100 100

SIMMONS INDUSTRIAL SERVICES LIMITED (REGISTERED NUMBER: 04276451)

Notes to the Financial Statements - continued
for the year ended 31 December 2023


9. Directors' advances, credits and guarantees

At the balance sheet date the company owed G Simmons, a director, £4,596 (2022: £4,496). This loan bears no interest and is repayable on demand.

At the balance sheet date R Simmons, a director, owed the company £2,987 (2022: £3,068). This loan bears no interest and is repayable on demand.

Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Simmons Industrial Services Limited


The following reproduces the text of the report prepared for the directors 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 Directors 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 Simmons Industrial Services Limited for the year ended 31 December 2023 which comprise the Profit and Loss Account, Balance Sheet, Statement of Changes in Equity 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 Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Simmons Industrial Services Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Simmons Industrial Services Limited and state those matters that we have agreed to state to the Board of Directors of Simmons Industrial Services Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Simmons Industrial Services Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Simmons Industrial Services 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 Simmons Industrial Services Limited. You consider that Simmons Industrial Services 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 Simmons Industrial Services 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.






Cooper Parry Advisory Limited
Aissela
46 High Street
Esher
Surrey
KT10 9QY


22 July 2024