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REGISTERED NUMBER: SC721738 (Scotland)















Unaudited Financial Statements for the Year Ended 29 February 2024

for

SIMMONS SCOTT MOTORS LIMITED

SIMMONS SCOTT MOTORS LIMITED (Registered number: SC721738)






Contents of the Financial Statements
for the Year Ended 29 February 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


SIMMONS SCOTT MOTORS LIMITED

Company Information
for the Year Ended 29 February 2024







DIRECTORS: A.A. Scott
A.W.S. Simmons





REGISTERED OFFICE: 41/3 Laichpark Road
Edinburgh
EH14 1UP





REGISTERED NUMBER: SC721738 (Scotland)






SIMMONS SCOTT MOTORS LIMITED (Registered number: SC721738)

Balance Sheet
29 February 2024

29.2.24 28.2.23
Notes £    £    £    £   
FIXED ASSETS
Property, plant and equipment 4 1,668 -

CURRENT ASSETS
Inventories 19,610 12,900
Cash at bank and in hand 12,872 9,747
32,482 22,647
CREDITORS
Amounts falling due within one year 5 26,289 17,259
NET CURRENT ASSETS 6,193 5,388
TOTAL ASSETS LESS CURRENT
LIABILITIES

7,861

5,388

CAPITAL AND RESERVES
Called up share capital 20 20
Retained earnings 7,841 5,368
7,861 5,388

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 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.

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 12 November 2024 and were signed on its behalf by:





A.W.S. Simmons - Director


SIMMONS SCOTT MOTORS LIMITED (Registered number: SC721738)

Notes to the Financial Statements
for the Year Ended 29 February 2024

1. STATUTORY INFORMATION

SIMMONS SCOTT MOTORS LIMITED is a private company, limited by shares , registered in Scotland. 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
Revenue 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.

Stocks
Inventories 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.

3. EMPLOYEES AND DIRECTORS

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

SIMMONS SCOTT MOTORS LIMITED (Registered number: SC721738)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024

4. PROPERTY, PLANT AND EQUIPMENT
Plant and
machinery
etc
£   
COST
Additions 2,224
At 29 February 2024 2,224
DEPRECIATION
Charge for year 556
At 29 February 2024 556
NET BOOK VALUE
At 29 February 2024 1,668

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£    £   
Trade creditors 25,000 15,000
Taxation and social security 189 1,259
Other creditors 1,100 1,000
26,289 17,259