Registered number: 02794354 | ||||||||
FOR THE YEAR ENDED 29 FEBRUARY 2024 | ||||||||
Simon Moore Engineering Limited | ||||||||
ACCOUNTS | ||||||||
FOR THE YEAR ENDED 29 FEBRUARY 2024 | ||||||||
DIRECTORS | ||||||||
SECRETARY | ||||||||
REGISTERED OFFICE | ||||||||
Somerset | ||||||||
COMPANY DETAILS | ||||||||
Private company limited by shares registered in EW - England and Wales, registered number 02794354 | ||||||||
Simon Moore Engineering Limited | ||||||||
ACCOUNTS | ||||||||
FOR THEYEARENDED29 FEBRUARY 2024 | ||||||||
CONTENTS | ||||||||
Page | ||||||||
Directors' Report | - | |||||||
Statement Of Comprehensive Income | - | |||||||
Balance Sheet | 3 | |||||||
Notes To The Accounts | 4 | |||||||
The following do not form part of the statutory financial statements: | ||||||||
Trading And Profit And Loss Account | - | |||||||
Profit And Loss Account Summaries | - |
Simon Moore Engineering Limited | ||||||||
BALANCE SHEET AT | ||||||||||
2024 | 2023 | |||||||||
Notes | £ | £ | ||||||||
FIXED ASSETS | ||||||||||
Tangible assets | 3 | |||||||||
Investment Assets | 4 | |||||||||
CURRENT ASSETS | ||||||||||
Stock | ||||||||||
Debtors | 6 | |||||||||
Cash at bank and in hand | ||||||||||
710,998 | 1,181,886 | |||||||||
CREDITORS: Amounts falling due within one year | 7 | |||||||||
NET CURRENT ASSETS | 925,253 | |||||||||
TOTAL ASSETS LESS CURRENT LIABILITIES | ||||||||||
PROVISIONS FOR LIABILITIES AND CHARGES | 8 | |||||||||
NET ASSETS | ||||||||||
CAPITAL AND RESERVES | ||||||||||
Called up share capital | 9 | |||||||||
Capital redemption reserve | 10 | |||||||||
Profit and loss account | 570,098 | 995,931 | ||||||||
SHAREHOLDERS' FUNDS | ||||||||||
Approved by the board on | ||||||||||
............................. | ||||||||||
Director | ||||||||||
Simon Moore Engineering Limited | ||||||||
NOTES TO THE ACCOUNTS | ||||||||||
FOR THE YEAR ENDED 29 FEBRUARY 2024 | ||||||||||
1. ACCOUNTING POLICIES |
1a. Basis Of Accounting | ||||||||
The accounts have been prepared under the historical cost convention. | ||||||||
The accounts have been prepared in accordance with FRS102 section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 . |
1b. Depreciation | ||||||||
Short Leasehold Properties | straight line 25% | |||||||
Plant and Machinery | reducing balance 15% | |||||||
Commercial Vehicles | reducing balance 25% |
1c. Stocks | ||||||||
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell (net realisable value). Costs, which comprise direct production costs, are based on the method most appropriate to the type of inventory class, but usually on a first-in-first-out basis. Overheads are charged to profit or loss as incurred. Net realisable value is based on the estimated selling price less any estimated completion or selling costs. | ||||||||
When stocks are sold, the carrying amount of those stocks is recognised as an expense in the period in which the related revenue is recognised. The amount of any write-down of stocks to net realisable value and all losses of stocks are recognised as an expense in the period in which the write-down or loss occurs. The amount of any reversal of any write-down of stocks is recognised as a reduction in the amount of stocks recognised as an expense in the period in which the reversal occurs. |
1d. Pension Costs | ||||||||
The company operates a defined contribution pension scheme. The pension charge represents the amounts payable by the company to the fund in respect of the year. |
1e. Investments | ||||||||
Fixed asset investments are shown at cost less amounts written off. | ||||||||
Provisions are made for permanent fluctuations in value. |
Simon Moore Engineering Limited | ||||||||
2. EMPLOYEES | ||||||
2024 | 2023 | |||||
No. | No. | |||||
Average number of employees | 9 | |||||
3. TANGIBLE FIXED ASSETS | ||||||||
Short Leasehold | Plant and | Commercial | ||||||
Properties | Machinery | Vehicles | Total | |||||
£ | £ | £ | £ | |||||
Cost | ||||||||
At 1 March 2023 | 17,801 | 45,000 | 226,525 | 289,326 | ||||
Additions | - | - | 53,895 | 53,895 | ||||
Disposals | - | - | (32,404) | (32,404) | ||||
At 29 February 2024 | 17,801 | 45,000 | 248,016 | 310,817 | ||||
Depreciation | ||||||||
At 1 March 2023 | 16,378 | 38,659 | 147,428 | 202,465 | ||||
Disposals | - | - | (29,971) | (29,971) | ||||
For the year | 710 | 951 | 32,640 | 34,301 | ||||
At 29 February 2024 | 17,088 | 39,610 | 150,097 | 206,795 | ||||
Net Book Amounts | ||||||||
At 29 February 2024 | 713 | 104,022 | ||||||
At 28 February 2023 | 1,423 | 86,861 | ||||||
4. FINANCIAL ASSETS | |||||||||
Other | |||||||||
Investments | Total | ||||||||
£ | £ | ||||||||
Cost | |||||||||
At 1 March 2023 | 150 | 150 | |||||||
At 29 February 2024 | 150 | 150 | |||||||
Amortisation | |||||||||
Net Book Amounts | |||||||||
At 29 February 2024 | 150 | 150 | |||||||
At 28 February 2023 | 150 | 150 | |||||||
Simon Moore Engineering Limited | ||||||||
5. STOCK | 2024 | 2023 | ||||
£ | £ | |||||
Stock comprises: | ||||||
Stock | ||||||
Work in progress | ||||||
6. DEBTORS | 2024 | 2023 | ||||||
£ | £ | |||||||
Amounts falling due within one year | ||||||||
Trade debtors | 246,639 | 274,980 | ||||||
Other debtors | 1,500 | - | ||||||
Prepayments | 7,357 | 10,052 | ||||||
255,496 | 285,032 | |||||||
7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | ||||||||
2024 | 2023 | |||||||
£ | £ | |||||||
UK corporation tax | 61,044 | 45,477 | ||||||
VAT | 38,355 | 43,582 | ||||||
PAYE control | 38,377 | 6,566 | ||||||
Directors current account | 1,288 | 51,288 | ||||||
Trade creditors | 74,599 | 81,643 | ||||||
Other creditors | - | 24,917 | ||||||
Accruals | 5,482 | 3,160 | ||||||
219,145 | 256,633 | |||||||
8. PROVISIONS FOR LIABILITIES | 2024 | 2023 | ||||||
£ | £ | |||||||
Deferred taxation | 25,827 | 16,233 | ||||||
25,827 | 16,233 | |||||||
Simon Moore Engineering Limited | ||||||||
9. SHARE CAPITAL | 2024 | 2023 | ||||||
£ | £ | |||||||
Allotted, issued and fully paid: | ||||||||
50 | 50 | |||||||
50 | 50 | |||||||
10. OTHER RESERVES | 2024 | 2023 | ||||
£ | £ | |||||
Capital redemption reserve | 50 | 50 | ||||
50 | 50 | |||||