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REGISTERED NUMBER: 03995383 (England and Wales)















Simpkin Limited

Unaudited Financial Statements For The Year Ended 31 January 2024






Simpkin Limited (Registered number: 03995383)






Contents of the Financial Statements
For The Year Ended 31 January 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Simpkin Limited

Company Information
For The Year Ended 31 January 2024







DIRECTOR: K M Simpkin





SECRETARY: J R Simpkin





REGISTERED OFFICE: 21 Carter Hall Road
Sheffield
South Yorkshire
S12 3HS





REGISTERED NUMBER: 03995383 (England and Wales)





ACCOUNTANTS: Kingswood Allotts Limited
Chartered Accountants
Sidings Court
Lakeside
Doncaster
South Yorkshire
DN4 5NU

Simpkin Limited (Registered number: 03995383)

Balance Sheet
31 January 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 310,088 335,306

CURRENT ASSETS
Debtors 5 253,522 254,302
Cash at bank 29,922 9,658
283,444 263,960
CREDITORS
Amounts falling due within one year 6 162,884 143,525
NET CURRENT ASSETS 120,560 120,435
TOTAL ASSETS LESS CURRENT LIABILITIES 430,648 455,741

CREDITORS
Amounts falling due after more than one year 7 (139,235 ) (191,265 )

PROVISIONS FOR LIABILITIES (26,759 ) (16,850 )
NET ASSETS 264,654 247,626

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 264,554 247,526
SHAREHOLDERS' FUNDS 264,654 247,626

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

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 director and authorised for issue on 31 October 2024 and were signed by:





K M Simpkin - Director


Simpkin Limited (Registered number: 03995383)

Notes to the Financial Statements
For The Year Ended 31 January 2024

1. STATUTORY INFORMATION

Simpkin 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.

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.

Turnover
Turnover represents amounts receivable for services provided.

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 cost
Office equipment - 33% 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.

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 31 (2023 - 24 ) .

Simpkin Limited (Registered number: 03995383)

Notes to the Financial Statements - continued
For The Year Ended 31 January 2024

4. TANGIBLE FIXED ASSETS
Fixtures
Long and Motor Office
leasehold fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 February 2023 533,748 76,551 27,785 10,489 648,573
Additions - 322 - - 322
At 31 January 2024 533,748 76,873 27,785 10,489 648,895
DEPRECIATION
At 1 February 2023 230,290 66,528 6,946 9,503 313,267
Charge for year 16,012 1,940 6,946 642 25,540
At 31 January 2024 246,302 68,468 13,892 10,145 338,807
NET BOOK VALUE
At 31 January 2024 287,446 8,405 13,893 344 310,088
At 31 January 2023 303,458 10,023 20,839 986 335,306

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 28,996 7,000
Other debtors 47,525 61,364
Directors' current accounts 170,095 179,036
Prepayments and accrued income 6,906 6,902
253,522 254,302

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 40,371 38,428
Other loans 10,011 10,021
Taxation 66,404 51,524
Social security and other taxes 2,271 1,974
Other creditors 4,557 8,618
Accrued expenses 6,331 6,441
Deferred government grants 32,939 26,519
162,884 143,525

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans - 1-2 years 42,418 40,377
Bank loans - 2-5 years 41,495 83,799
Other loans - 1-2 years 13,322 10,021
Other loans - 2-5 years - 13,268
Deferred government grants 42,000 43,800
139,235 191,265

Simpkin Limited (Registered number: 03995383)

Notes to the Financial Statements - continued
For The Year Ended 31 January 2024

8. SECURED DEBTS

The following secured debts are included within creditors:
2022 2021
£ £

Bank overdraft - -
Bank loans 199,260 234,616
199,260 234,616

The bank overdraft and a bank loan are secured by a legal charge over land at Charnock Hall Primary School, Carter Hall Road, Sheffield, a debenture, a charge over all monies due or to become due to the company, and fixed and floating charges over the company and all property and assets present and future including goodwill, book debts, uncalled capital, buildings, fixtures and fixed plant and machinery.

9. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

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

2024 2023
£    £   
K M Simpkin
Balance outstanding at start of year 179,036 260,383
Amounts advanced 151,059 92,653
Amounts repaid (160,000 ) (174,000 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 170,095 179,036

No interest is payable on the loan.