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Registered number: 08084943










SIMMONS GAINSFORD MANAGEMENT SERVICES LIMITED










FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE PERIOD ENDED 30 NOVEMBER 2023

 
SIMMONS GAINSFORD MANAGEMENT SERVICES LIMITED
REGISTERED NUMBER: 08084943

BALANCE SHEET
AS AT 30 NOVEMBER 2023

30 November
31 March
2023
2023
Note
£
£

  

Current assets
  

Debtors: amounts falling due within one year
 4 
391,799
495,709

Cash at bank and in hand
 5 
40,985
1,260,131

  
432,784
1,755,840

Creditors: amounts falling due within one year
 6 
(316,375)
(1,639,431)

Net current assets
  
 
 
116,409
 
 
116,409

Total assets less current liabilities
  
116,409
116,409

  

Net assets
  
116,409
116,409


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
116,309
116,309

  
116,409
116,409


The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




................................................
D Pumfrey
Director

Date: 27 August 2024

The notes on pages 2 to 5 form part of these financial statements.
Page 1

 
SIMMONS GAINSFORD MANAGEMENT SERVICES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 NOVEMBER 2023

1.


General information

Simmons Gainsford Management Services Limited is a private company limited by share capital, incorporated in England and Wales, registration number 08084943. The address of the registered office is 14th Floor, 33 Cavendish Square, London, W1G 0PW.
The company has amended its financial reporting date to align with the change in ownership on 6 December 2023. The comparative figures relate to the year ended 31 March 2023. Therefore the comparative amounts presented in the financial statements (including the related notes) are not entirely comparable.
The principal activity of the company is the provision of management services to professional practices.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Revenue

Turnover represents amounts receivable for services net of Value Added Tax and trade discounts recognised on provision of service.

 
2.3

Debtors

Short term debtors are measured at transaction price, less any impairment.

 
2.4

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours.

 
2.5

Creditors

Short tern creditors are measured at the transaction price.

 
2.6

Interest income

Interest income is recognised in profit or loss using the effective interest method.

Page 2

 
SIMMONS GAINSFORD MANAGEMENT SERVICES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 NOVEMBER 2023

2.Accounting policies (continued)

 
2.7

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance sheet. The assets of the plan are held separately from the Company in independently administered funds.


3.


Employees

The average monthly number of employees, including directors, during the period was 126 (2023 - 109).

Page 3

 
SIMMONS GAINSFORD MANAGEMENT SERVICES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 NOVEMBER 2023

4.


Debtors

30 November
31 March
2023
2023
£
£


Amounts owed by group undertakings
190,376
376,972

Other debtors
3,700
-

Prepayments and accrued income
197,723
118,737

391,799
495,709



5.


Cash and cash equivalents

30 November
31 March
2023
2023
£
£

Cash at bank and in hand
40,985
1,260,131



6.


Creditors: Amounts falling due within one year

30 November
31 March
2023
2023
£
£

Trade creditors
161,688
158,541

Amounts owed to group undertakings
-
1,150,000

Other taxation and social security
130,004
88,765

Accruals and deferred income
24,683
242,125

316,375
1,639,431



7.


Pension commitments

The Company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the Company  in an independently administered fund. The pension charge for the year was £96,922 (2023 - £137,160). Contributions totalling £28,760 (2023 - £24,924) were payable to the fund at the balance sheet date and are included in creditors.

Page 4

 
SIMMONS GAINSFORD MANAGEMENT SERVICES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 NOVEMBER 2023

8.


Commitments under operating leases

At 30 November 2023 the Company had future minimum lease payments due under non-cancellable operating leases for each of the following periods:

30 November
31 March
2023
2023
£
£


Not later than 1 year
172,031
154,434

Later than 1 year and not later than 5 years
445,862
238,466

617,893
392,900


9.


Controlling party

The smallest group to prepare consolidated financial statements is that headed by Simmons Gainsford LLP whose registered office is 14th Floor, 33 Cavendish Square, London, W1G 0PW.

10.


Auditors' information

The auditors' report on the financial statements for the period ended 30 November 2023 was unqualified.

The audit report was signed on 27 August 2024 by Samantha Whiting (Senior statutory auditor) on behalf of GMP Audit Limited.

 
Page 5