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REGISTERED NUMBER: 10432448 (England and Wales)






















Unaudited Financial Statements

for the Year Ended 31 October 2023

for

Simpson Arboriculture Limited

Simpson Arboriculture Limited (Registered number: 10432448)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Simpson Arboriculture Limited

Company Information
for the Year Ended 31 October 2023







DIRECTORS: W Simpson
Mrs K Simpson





REGISTERED OFFICE: The Old Forge
2 Simpson Place
Ancaster
Grantham
Lincolnshire
NG32 3RL





REGISTERED NUMBER: 10432448 (England and Wales)





ACCOUNTANTS: Wright Vigar Limited
Chartered Accountants & Business Advisers
Northgate House
Northgate
Sleaford
Lincolnshire
NG34 7BZ

Simpson Arboriculture Limited (Registered number: 10432448)

Balance Sheet
31 October 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 1,411,535 1,720,201
1,411,535 1,720,201

CURRENT ASSETS
Stocks 20,000 -
Debtors 6 147,422 212,913
Cash at bank 39,383 96,467
206,805 309,380
CREDITORS
Amounts falling due within one year 7 409,383 364,990
NET CURRENT LIABILITIES (202,578 ) (55,610 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,208,957

1,664,591

CREDITORS
Amounts falling due after more than one
year

8

(472,873

)

(760,427

)

PROVISIONS FOR LIABILITIES (181,386 ) (194,910 )
NET ASSETS 554,698 709,254

CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings 554,598 709,154
SHAREHOLDERS' FUNDS 554,698 709,254

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2023.

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

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 31 October 2024 and were signed on its behalf by:



W Simpson - Director


Simpson Arboriculture Limited (Registered number: 10432448)

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

1. STATUTORY INFORMATION

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

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2016, is being amortised evenly over its estimated useful life of five years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 15% 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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Simpson Arboriculture Limited (Registered number: 10432448)

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

2. ACCOUNTING POLICIES - continued

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 13 (2022 - 13 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 November 2022
and 31 October 2023 11,000
AMORTISATION
At 1 November 2022
and 31 October 2023 11,000
NET BOOK VALUE
At 31 October 2023 -
At 31 October 2022 -

5. TANGIBLE FIXED ASSETS
Land and Plant and Motor Computer
Buildings machinery vehicles equipment Totals
£    £    £    £    £   
COST
At 1 November 2022 9,757 2,050,243 150,449 1,605 2,212,054
Additions - 272,305 15,025 - 287,330
Disposals - (467,846 ) - - (467,846 )
At 31 October 2023 9,757 1,854,702 165,474 1,605 2,031,538
DEPRECIATION
At 1 November 2022 - 457,640 34,146 67 491,853
Charge for year - 220,095 18,847 231 239,173
Eliminated on disposal - (111,023 ) - - (111,023 )
At 31 October 2023 - 566,712 52,993 298 620,003
NET BOOK VALUE
At 31 October 2023 9,757 1,287,990 112,481 1,307 1,411,535
At 31 October 2022 9,757 1,592,603 116,303 1,538 1,720,201

Simpson Arboriculture Limited (Registered number: 10432448)

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

5. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£   
COST
At 1 November 2022 1,766,728
Disposals (457,650 )
Transfer to ownership (84,142 )
At 31 October 2023 1,224,936
DEPRECIATION
At 1 November 2022 373,626
Charge for year 170,257
Eliminated on disposal (107,741 )
Transfer to ownership (41,192 )
At 31 October 2023 394,950
NET BOOK VALUE
At 31 October 2023 829,986
At 31 October 2022 1,393,102

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 62,530 60,324
Other debtors 84,892 152,589
147,422 212,913

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 9,817 9,600
Hire purchase contracts 277,097 275,711
Taxation and social security 100,680 -
Other creditors 21,789 79,679
409,383 364,990

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans 17,639 27,673
Hire purchase contracts 455,234 732,754
472,873 760,427

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
100 Ordinary £1 100 100