IRIS Accounts Production v24.2.0.383 07931210 Board of Directors 1.4.23 31.3.24 31.3.24 false true false false true false Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh079312102023-03-31079312102024-03-31079312102023-04-012024-03-31079312102022-03-31079312102022-04-012023-03-31079312102023-03-3107931210ns15:EnglandWales2023-04-012024-03-3107931210ns14:PoundSterling2023-04-012024-03-3107931210ns10:Director12023-04-012024-03-3107931210ns10:PrivateLimitedCompanyLtd2023-04-012024-03-3107931210ns10:SmallEntities2023-04-012024-03-3107931210ns10:AuditExempt-NoAccountantsReport2023-04-012024-03-3107931210ns10:SmallCompaniesRegimeForDirectorsReport2023-04-012024-03-3107931210ns10:SmallCompaniesRegimeForAccounts2023-04-012024-03-3107931210ns10:FullAccounts2023-04-012024-03-3107931210ns10:OrdinaryShareClass12023-04-012024-03-3107931210ns10:Director22023-04-012024-03-3107931210ns10:RegisteredOffice2023-04-012024-03-3107931210ns5:CurrentFinancialInstruments2024-03-3107931210ns5:CurrentFinancialInstruments2023-03-3107931210ns5:Non-currentFinancialInstruments2024-03-3107931210ns5:Non-currentFinancialInstruments2023-03-3107931210ns5:ShareCapital2024-03-3107931210ns5:ShareCapital2023-03-3107931210ns5:RetainedEarningsAccumulatedLosses2024-03-3107931210ns5:RetainedEarningsAccumulatedLosses2023-03-3107931210ns5:MotorVehicles2023-04-012024-03-3107931210ns5:ComputerEquipment2023-04-012024-03-3107931210ns5:MotorVehicles2023-03-3107931210ns5:ComputerEquipment2023-03-3107931210ns5:MotorVehicles2024-03-3107931210ns5:ComputerEquipment2024-03-3107931210ns5:MotorVehicles2023-03-3107931210ns5:ComputerEquipment2023-03-3107931210ns5:CostValuation2023-03-3107931210ns5:CurrentFinancialInstrumentsns5:WithinOneYear2024-03-3107931210ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-03-3107931210ns10:OrdinaryShareClass12024-03-31079312101ns10:Director12023-03-31079312101ns10:Director12022-03-31079312101ns10:Director12023-04-012024-03-31079312101ns10:Director12022-04-012023-03-31079312101ns10:Director12024-03-31079312101ns10:Director12023-03-31
REGISTERED NUMBER: 07931210 (England and Wales)






























UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

FOR

JOHN SIMPKIN LTD

JOHN SIMPKIN LTD (REGISTERED NUMBER: 07931210)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


JOHN SIMPKIN LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTORS: Mr J P Simpkin
Mrs S J Simpkin





REGISTERED OFFICE: Granville Hall
Granville Road
Leicester
Leicestershire
LE1 7RU





REGISTERED NUMBER: 07931210 (England and Wales)

JOHN SIMPKIN LTD (REGISTERED NUMBER: 07931210)

BALANCE SHEET
31 MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 22,227 33,006
Investments 5 48 48
22,275 33,054

CURRENT ASSETS
Debtors 6 721,289 267,474
Cash at bank 705,976 1,013,566
1,427,265 1,281,040
CREDITORS
Amounts falling due within one year 7 143,330 114,584
NET CURRENT ASSETS 1,283,935 1,166,456
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,306,210

1,199,510

CREDITORS
Amounts falling due after more than one year 8 (17,762 ) (25,258 )

PROVISIONS FOR LIABILITIES (5,558 ) (8,253 )
NET ASSETS 1,282,890 1,165,999

CAPITAL AND RESERVES
Called up share capital 10 100 100
Retained earnings 1,282,790 1,165,899
SHAREHOLDERS' FUNDS 1,282,890 1,165,999

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 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.

JOHN SIMPKIN LTD (REGISTERED NUMBER: 07931210)

BALANCE SHEET - continued
31 MARCH 2024


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 6 August 2024 and were signed on its behalf by:





Mr J P Simpkin - Director


JOHN SIMPKIN LTD (REGISTERED NUMBER: 07931210)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024


1. STATUTORY INFORMATION

John Simpkin Ltd 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.

The financial statements are presented in Sterling (£).

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Motor vehicles - 20% on cost
Computer equipment - 25% 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.

Investments
Investments are included at cost less residual amounts written off. Profits or losses arising from disposals of fixed asset investments are treated as part of the result from ordinary activities.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

JOHN SIMPKIN LTD (REGISTERED NUMBER: 07931210)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


4. TANGIBLE FIXED ASSETS
Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 April 2023 53,998 1,177 55,175
Additions - 419 419
At 31 March 2024 53,998 1,596 55,594
DEPRECIATION
At 1 April 2023 21,600 569 22,169
Charge for year 10,799 399 11,198
At 31 March 2024 32,399 968 33,367
NET BOOK VALUE
At 31 March 2024 21,599 628 22,227
At 31 March 2023 32,398 608 33,006

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 April 2023
and 31 March 2024 48
NET BOOK VALUE
At 31 March 2024 48
At 31 March 2023 48

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 205,348 267,474
Directors' current accounts 515,941 -
721,289 267,474

JOHN SIMPKIN LTD (REGISTERED NUMBER: 07931210)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Hire purchase contracts 7,496 7,496
Taxation 135,834 105,354
Directors' current accounts - 1,734
143,330 114,584

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Hire purchase contracts 17,762 25,258

9. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Hire purchase contracts 25,258 32,754

The amount is secured on the asset subject to the hire purchase agreement.

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary £1 100 100

JOHN SIMPKIN LTD (REGISTERED NUMBER: 07931210)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


11. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2024 and 31 March 2023:

2024 2023
£    £   
Mr J P Simpkin
Balance outstanding at start of year (1,734 ) -
Amounts advanced 517,675 -
Amounts repaid - (1,734 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 515,941 (1,734 )

The loan is repayable on demand and interest has been charged at the official HMRC rate of interest.

12. ULTIMATE CONTROLLING PARTY

The controlling party is Mr J P Simpkin by virtue of his directorship and 60% shareholding.