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REGISTERED NUMBER: OC359127 (England and Wales)



















SIMPSON JONES LLP

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2024






SIMPSON JONES LLP (REGISTERED NUMBER: OC359127)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024










Page

General Information 1

Balance Sheet 2

Notes to the Financial Statements 3 to 4


SIMPSON JONES LLP

GENERAL INFORMATION
FOR THE YEAR ENDED 31 MAY 2024







DESIGNATED MEMBERS: Mrs J L H Jones
Mr P A Wareham
Mr P R Chapman





REGISTERED OFFICE: 2 Stuart Street
Derby
DE1 2EQ





REGISTERED NUMBER: OC359127 (England and Wales)





ACCOUNTANTS: Johnson Tidsall Limited
Chartered Accountants
81 Burton Road
Derby
Derbyshire
DE1 1TJ

SIMPSON JONES LLP (REGISTERED NUMBER: OC359127)

BALANCE SHEET
31 MAY 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 11,675 13,681
Investments 5 51 -
11,726 13,681

CURRENT ASSETS
Debtors 6 129,537 172,941
Cash at bank 51,901 74,117
181,438 247,058
CREDITORS
Amounts falling due within one year 7 74,695 66,356
NET CURRENT ASSETS 106,743 180,702
TOTAL ASSETS LESS CURRENT LIABILITIES
and
NET ASSETS ATTRIBUTABLE TO
MEMBERS

118,469

194,383

LOANS AND OTHER DEBTS DUE TO
MEMBERS

9

118,469

194,383

TOTAL MEMBERS' INTERESTS
Loans and other debts due to members 9 118,469 194,383

The LLP is entitled to exemption from audit under Section 477 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 for the year ended 31 May 2024.

The members acknowledge their responsibilities for:
(a)ensuring that the LLP keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the LLP 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 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 relating to financial statements, so far as applicable to the LLP.

The financial statements have been prepared and delivered in accordance with the provisions applicable to LLPs subject to the small LLPs regime.

In accordance with Section 444 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008, the Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the members of the LLP and authorised for issue on 18 November 2024 and were signed by:



Mrs J L H Jones - Designated member

SIMPSON JONES LLP (REGISTERED NUMBER: OC359127)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024


1. STATUTORY INFORMATION

Simpson Jones LLP is registered in England and Wales. The LLP's registered number and registered office address can be found on the General 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 requirements of the Statement of Recommended Practice, Accounting by Limited Liability Partnerships. 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.
Computer equipment - 15% on cost

Tangible fixed assets are stated at cost less accumulated depreciation. Cost includes costs directly attributable to making the asset capable of operating as intended.

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

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 LLP operates a defined contribution pension scheme. Contributions payable to the LLP's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEE INFORMATION

The average number of employees during the year was 26 (2023 - 33 ) .

4. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
At 1 June 2023 98,198
Additions 324
At 31 May 2024 98,522
DEPRECIATION
At 1 June 2023 84,517
Charge for year 2,330
At 31 May 2024 86,847
NET BOOK VALUE
At 31 May 2024 11,675
At 31 May 2023 13,681

SIMPSON JONES LLP (REGISTERED NUMBER: OC359127)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2024


5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
Additions 51
At 31 May 2024 51
NET BOOK VALUE
At 31 May 2024 51

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 126,793 170,136
Prepayments and accrued income 2,744 2,805
129,537 172,941

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Social security and other taxes 9,234 16,227
VAT 39,355 39,164
Other creditors 17,466 2,725
Accruals and deferred income 8,640 8,240
74,695 66,356

8. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2024 2023
£    £   
Between one and five years 41,365 -

9. LOANS AND OTHER DEBTS DUE TO MEMBERS

In the event of the LLP being wound up, and a surplus sum remains at the conclusion of the winding up, after payment of all monies due to the creditors of the LLP and all monies due to the Members, along with all expenses of the winding up, the liquidator shall pay that surplus to the Members.