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REGISTERED NUMBER: 13260489 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2024

for

Simpson and Mclean Tooling Limited

Simpson and Mclean Tooling Limited (Registered number: 13260489)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Simpson and Mclean Tooling Limited

Company Information
for the Year Ended 31 March 2024







DIRECTORS: I Mclean
P Simpson





REGISTERED OFFICE: Unit 4, 164-170 Queens Road
Sheffield
S2 4DH





REGISTERED NUMBER: 13260489 (England and Wales)





ACCOUNTANTS: Hawson Jefferies
Suite 4
164-170 Queens Road
Sheffield
South Yorkshire
S2 4DH

Simpson and Mclean Tooling Limited (Registered number: 13260489)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 4,514 4,927

CURRENT ASSETS
Stocks 27,893 36,708
Debtors 5 115,122 48,986
Cash at bank and in hand 46,144 26,010
189,159 111,704
CREDITORS
Amounts falling due within one year 6 160,827 117,283
NET CURRENT ASSETS/(LIABILITIES) 28,332 (5,579 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

32,846

(652

)

CAPITAL AND RESERVES
Called up share capital 10 10
Retained earnings 32,836 (662 )
SHAREHOLDERS' FUNDS 32,846 (652 )

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 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.

Simpson and Mclean Tooling Limited (Registered number: 13260489)

Balance Sheet - continued
31 March 2024


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 25 November 2024 and were signed on its behalf by:




I Mclean - Director



P Simpson - Director


Simpson and Mclean Tooling Limited (Registered number: 13260489)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

Simpson and Mclean Tooling 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 15% on reducing balance
Fixtures and fittings - 15% on reducing balance
Computer equipment - 33.3% 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
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

Simpson and Mclean Tooling Limited (Registered number: 13260489)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Computer
machinery fittings equipment Totals
£    £    £    £   
COST
At 1 April 2023 4,973 - 1,044 6,017
Additions - 530 - 530
At 31 March 2024 4,973 530 1,044 6,547
DEPRECIATION
At 1 April 2023 746 - 344 1,090
Charge for year 634 79 230 943
At 31 March 2024 1,380 79 574 2,033
NET BOOK VALUE
At 31 March 2024 3,593 451 470 4,514
At 31 March 2023 4,227 - 700 4,927

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 114,611 48,558
Other debtors 511 428
115,122 48,986

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade creditors 97,693 57,898
Taxation and social security 21,061 5,721
Other creditors 42,073 53,664
160,827 117,283