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REGISTERED NUMBER: 04413816 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

G. SIMMONS & SONS LTD.

G. SIMMONS & SONS LTD. (REGISTERED NUMBER: 04413816)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


G. SIMMONS & SONS LTD.

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTORS: G M Simmons
S N Simmons
T P Simmons
Mrs L J Cross





SECRETARY: S N Simmons





REGISTERED OFFICE: Unit 7
Newfield Close
Off Green Lane
Walsall
West Midlands
WS2 7PB





REGISTERED NUMBER: 04413816 (England and Wales)





ACCOUNTANTS: Crombies Accountants Limited
Chartered Accountants
34 Waterloo Road
Wolverhampton
West Midlands
WV1 4DG

G. SIMMONS & SONS LTD. (REGISTERED NUMBER: 04413816)

STATEMENT OF FINANCIAL POSITION
31 DECEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 140,472 178,388

CURRENT ASSETS
Stocks 23,560 19,150
Debtors 5 291,822 178,263
Prepayments and accrued income 10,312 11,423
Cash at bank and in hand 903,146 419,310
1,228,840 628,146
CREDITORS
Amounts falling due within one year 6 424,531 321,967
NET CURRENT ASSETS 804,309 306,179
TOTAL ASSETS LESS CURRENT
LIABILITIES

944,781

484,567

PROVISIONS FOR LIABILITIES 32,000 31,300
NET ASSETS 912,781 453,267

CAPITAL AND RESERVES
Called up share capital 35,024 35,004
Retained earnings 877,757 418,263
SHAREHOLDERS' FUNDS 912,781 453,267

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.

G. SIMMONS & SONS LTD. (REGISTERED NUMBER: 04413816)

STATEMENT OF FINANCIAL POSITION - 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 14 February 2024 and were signed on its behalf by:





S N Simmons - Director


G. SIMMONS & SONS LTD. (REGISTERED NUMBER: 04413816)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1. STATUTORY INFORMATION

G. Simmons & Sons 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.

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


2. ACCOUNTING POLICIES

Basis of preparation of 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 principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.

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

Revenue is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them.

Tangible fixed assets and depreciation
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Land and buildings - straight line over lease term
Plant and machinery etc - 15% on cost and 10% on cost

Stocks and work in progress
Stock and work in progress is valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost is taken as production cost, which includes a relevant proportion of overheads according to the stage of manufacture/completion.

Deferred taxation
Deferred taxation is provided on the liability method to take account of timing differences between the treatment of certain items for accounts purposes and their treatment for tax purposes.
Tax deferred or accelerated is accounted for in respect of all material timing differences.

Hire purchase and leasing contracts
Assets obtained under hire purchase contracts and finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in creditors net of the finance charge allocated to future periods.The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account on a straight line basis.

Pension costs
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.

G. SIMMONS & SONS LTD. (REGISTERED NUMBER: 04413816)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 37 (2022 - 37 ) .

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 January 2023
and 31 December 2023 23,864 518,761 542,625
DEPRECIATION
At 1 January 2023 10,142 354,095 364,237
Charge for year 1,848 36,068 37,916
At 31 December 2023 11,990 390,163 402,153
NET BOOK VALUE
At 31 December 2023 11,874 128,598 140,472
At 31 December 2022 13,722 164,666 178,388

5. DEBTORS
2023 2022
£    £   
Trade debtors 275,230 166,940
Other debtors 16,592 11,323
291,822 178,263

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 76,578 98,340
Taxation and social security 264,378 160,761
Other creditors 83,575 62,866
424,531 321,967