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REGISTERED NUMBER: SC316284 (Scotland)













Unaudited Financial Statements

for the Year Ended 31 December 2023

for

SIMPSON ENERGY & CONTROL SERVICES LTD.

SIMPSON ENERGY & CONTROL SERVICES LTD. (REGISTERED NUMBER: SC316284)






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




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


SIMPSON ENERGY & CONTROL SERVICES LTD.

Company Information
for the Year Ended 31 December 2023







DIRECTOR: A Simpson





REGISTERED OFFICE: 50 Drumlin Drive
Milngavie
Glasgow
G62 6NQ





REGISTERED NUMBER: SC316284 (Scotland)





ACCOUNTANTS: SD Business Management
Suite 411 Baltic Chambers
50 Wellington Street
Glasgow
Strathclyde
G2 6HJ

SIMPSON ENERGY & CONTROL SERVICES LTD. (REGISTERED NUMBER: SC316284)

Abridged Balance Sheet
31 December 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 33,988 8,989

CURRENT ASSETS
Stocks 2,100 2,100
Debtors 56,613 65,444
Cash at bank 64,898 25,322
123,611 92,866
CREDITORS
Amounts falling due within one year 86,557 79,542
NET CURRENT ASSETS 37,054 13,324
TOTAL ASSETS LESS CURRENT LIABILITIES 71,042 22,313

CREDITORS
Amounts falling due after more than one
year

(17,898

)

-

PROVISIONS FOR LIABILITIES (9,007 ) (1,707 )
NET ASSETS 44,137 20,606

CAPITAL AND RESERVES
Called up share capital 10 10
Retained earnings 44,127 20,596
SHAREHOLDERS' FUNDS 44,137 20,606

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 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.

SIMPSON ENERGY & CONTROL SERVICES LTD. (REGISTERED NUMBER: SC316284)

Abridged 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.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 December 2023 in accordance with Section 444(2A) of the Companies Act 2006.

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 17 July 2024 and were signed by:





A Simpson - Director


SIMPSON ENERGY & CONTROL SERVICES LTD. (REGISTERED NUMBER: SC316284)

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

1. STATUTORY INFORMATION

Simpson Energy & Control Services Ltd. 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.

In accordance with their responsibility as a director, the director has considered the appropriateness of the going concern basis for the preparation of the financial statements.

Turnover
Turnover represents net invoiced sales of goods and services, excluding value added tax.

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 - 10% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

SIMPSON ENERGY & CONTROL SERVICES LTD. (REGISTERED NUMBER: SC316284)

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

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 January 2023 31,103
Additions 35,946
Disposals (21,360 )
At 31 December 2023 45,689
DEPRECIATION
At 1 January 2023 22,114
Charge for year 8,770
Eliminated on disposal (19,183 )
At 31 December 2023 11,701
NET BOOK VALUE
At 31 December 2023 33,988
At 31 December 2022 8,989