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REGISTERED NUMBER: 03361864 (England and Wales)










UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2024

FOR

SIMMONS ASSOCIATES LIMITED

SIMMONS ASSOCIATES LIMITED (REGISTERED NUMBER: 03361864)

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










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Accountants' Report 7

SIMMONS ASSOCIATES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MAY 2024







DIRECTOR: P Simmons





SECRETARY: Mrs K Simmons





REGISTERED OFFICE: The Peppercorn Woolmer Lane
Bramshott
Liphook
Surrey
GU30 7RA





REGISTERED NUMBER: 03361864 (England and Wales)





ACCOUNTANTS: PJE Chartered Accountants
2 Oakfield Road
Clifton
Bristol
BS8 2AL

SIMMONS ASSOCIATES LIMITED (REGISTERED NUMBER: 03361864)

BALANCE SHEET
31 MAY 2024

31.5.24 31.5.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 358,761 359,017

CURRENT ASSETS
Debtors 5 2,600 5,019
Cash at bank 2,407 9,667
5,007 14,686
CREDITORS
Amounts falling due within one year 6 60,339 52,649
NET CURRENT LIABILITIES (55,332 ) (37,963 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

303,429

321,054

CREDITORS
Amounts falling due after more than one
year

7

(7,330

)

(12,661

)

PROVISIONS FOR LIABILITIES (116 ) (158 )
NET ASSETS 295,983 308,235

CAPITAL AND RESERVES
Called up share capital 4 4
Retained earnings 8 295,979 308,231
295,983 308,235

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

SIMMONS ASSOCIATES LIMITED (REGISTERED NUMBER: 03361864)

BALANCE SHEET - continued
31 MAY 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 director and authorised for issue on 26 February 2025 and were signed by:





P Simmons - Director


SIMMONS ASSOCIATES LIMITED (REGISTERED NUMBER: 03361864)

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


1. STATUTORY INFORMATION

Simmons Associates 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.
Fixtures and fittings - 25% on reducing balance
Office equipment - 25% on reducing balance

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.

SIMMONS ASSOCIATES LIMITED (REGISTERED NUMBER: 03361864)

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


3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Fixtures
Freehold and Office
property fittings equipment Totals
£    £    £    £   
COST
At 1 June 2023
and 31 May 2024 357,992 9,716 6,074 373,782
DEPRECIATION
At 1 June 2023 - 9,623 5,142 14,765
Charge for year - 23 233 256
At 31 May 2024 - 9,646 5,375 15,021
NET BOOK VALUE
At 31 May 2024 357,992 70 699 358,761
At 31 May 2023 357,992 93 932 359,017

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Trade debtors - 5,019
VAT 2,600 -
2,600 5,019

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Bank loans and overdrafts 5,331 5,199
Trade creditors 2,775 139
Tax 6,399 14,291
VAT - 819
Sundry creditors 20,208 20,208
Deposits held 4,630 4,630
Directors' current accounts 20,996 7,363
60,339 52,649

SIMMONS ASSOCIATES LIMITED (REGISTERED NUMBER: 03361864)

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


7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
31.5.24 31.5.23
£    £   
Bank loans - 1-2 years 5,465 5,331
Bank loans - 2-5 years 1,865 7,330
7,330 12,661

8. RESERVES
Retained
earnings
£   

At 1 June 2023 308,231
Profit for the year 26,548
Dividends (38,800 )
At 31 May 2024 295,979

9. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The balance is unsecured, interest-free and carries no fixed date of repayment.

10. RELATED PARTY DISCLOSURES

During the year, total dividends of £38,800 (2023 - £14,000) were paid to the shareholders.

11. ULTIMATE CONTROLLING PARTY

The company is controlled Mr P Simmons and Mrs K Simmons who together hold 100% issued share capital of the company.

CHARTERED ACCOUNTANTS' REPORT TO THE DIRECTOR
ON THE UNAUDITED FINANCIAL STATEMENTS OF
SIMMONS ASSOCIATES LIMITED


The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Simmons Associates Limited for the year ended 31 May 2024 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of Simmons Associates Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Simmons Associates Limited and state those matters that we have agreed to state to the director of Simmons Associates Limited in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Simmons Associates Limited and its director for our work or for this report.

It is your duty to ensure that Simmons Associates Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Simmons Associates Limited. You consider that Simmons Associates Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Simmons Associates Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






PJE Chartered Accountants
2 Oakfield Road
Clifton
Bristol
BS8 2AL


26 February 2025