IRIS Accounts Production v24.3.2.46 11339456 Board of Directors Board of Directors 1.7.23 30.6.24 30.6.24 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh113394562023-06-30113394562024-06-30113394562023-07-012024-06-30113394562022-06-30113394562022-07-012023-06-30113394562023-06-3011339456ns15:EnglandWales2023-07-012024-06-3011339456ns14:PoundSterling2023-07-012024-06-3011339456ns10:Director12023-07-012024-06-3011339456ns10:Director22023-07-012024-06-3011339456ns10:PrivateLimitedCompanyLtd2023-07-012024-06-3011339456ns10:SmallEntities2023-07-012024-06-3011339456ns10:AuditExempt-NoAccountantsReport2023-07-012024-06-3011339456ns10:SmallCompaniesRegimeForDirectorsReport2023-07-012024-06-3011339456ns10:SmallCompaniesRegimeForAccounts2023-07-012024-06-3011339456ns10:FullAccounts2023-07-012024-06-3011339456ns10:RegisteredOffice2023-07-012024-06-3011339456ns5:CurrentFinancialInstruments2024-06-3011339456ns5:CurrentFinancialInstruments2023-06-3011339456ns5:Non-currentFinancialInstruments2024-06-3011339456ns5:Non-currentFinancialInstruments2023-06-3011339456ns5:ShareCapital2024-06-3011339456ns5:ShareCapital2023-06-3011339456ns5:RetainedEarningsAccumulatedLosses2024-06-3011339456ns5:RetainedEarningsAccumulatedLosses2023-06-3011339456ns5:PlantMachinery2023-06-3011339456ns5:FurnitureFittings2023-06-3011339456ns5:MotorVehicles2023-06-3011339456ns5:ComputerEquipment2023-06-3011339456ns5:PlantMachinery2023-07-012024-06-3011339456ns5:FurnitureFittings2023-07-012024-06-3011339456ns5:MotorVehicles2023-07-012024-06-3011339456ns5:ComputerEquipment2023-07-012024-06-3011339456ns5:PlantMachinery2024-06-3011339456ns5:FurnitureFittings2024-06-3011339456ns5:MotorVehicles2024-06-3011339456ns5:ComputerEquipment2024-06-3011339456ns5:PlantMachinery2023-06-3011339456ns5:FurnitureFittings2023-06-3011339456ns5:MotorVehicles2023-06-3011339456ns5:ComputerEquipment2023-06-3011339456ns5:WithinOneYearns5:CurrentFinancialInstruments2024-06-3011339456ns5:WithinOneYearns5:CurrentFinancialInstruments2023-06-30
REGISTERED NUMBER: 11339456 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2024

FOR

SIMPSON AND HILL CONSTRUCTION LTD

SIMPSON AND HILL CONSTRUCTION LTD (REGISTERED NUMBER: 11339456)

CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 30 June 2024










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


SIMPSON AND HILL CONSTRUCTION LTD

COMPANY INFORMATION
for the year ended 30 June 2024







DIRECTORS: M D Simpson
A S Hardy





REGISTERED OFFICE: Unit 7-8 Manor Court
Eastfield
Scarborough
North Yorkshire
YO11 3TU





BUSINESS ADDRESS: Hunter Hill
Seamer
Stokesley
Middlesbrough
Cleveland
TS9 5NG





REGISTERED NUMBER: 11339456 (England and Wales)

SIMPSON AND HILL CONSTRUCTION LTD (REGISTERED NUMBER: 11339456)

STATEMENT OF FINANCIAL POSITION
30 June 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Property, plant and equipment 4 83,312 64,875

CURRENT ASSETS
Inventories 4,000 5,000
Debtors 5 169,605 175,009
Cash at bank and in hand 189,851 88,492
363,456 268,501
CREDITORS
Amounts falling due within one year 6 227,559 153,612
NET CURRENT ASSETS 135,897 114,889
TOTAL ASSETS LESS CURRENT
LIABILITIES

219,209

179,764

CREDITORS
Amounts falling due after more than one year 7 (17,485 ) (24,111 )

PROVISIONS FOR LIABILITIES (20,828 ) (16,219 )
NET ASSETS 180,896 139,434

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 180,796 139,334
180,896 139,434

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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 HILL CONSTRUCTION LTD (REGISTERED NUMBER: 11339456)

STATEMENT OF FINANCIAL POSITION - continued
30 June 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 11 March 2025 and were signed on its behalf by:




M D Simpson - Director



A S Hardy - Director


SIMPSON AND HILL CONSTRUCTION LTD (REGISTERED NUMBER: 11339456)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 30 June 2024


1. STATUTORY INFORMATION

Simpson and Hill Construction Ltd 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Going concern
The company has a net asset position and a healthy bank position and the directors are satisfied that there are sufficient resources in place to continue operating for the foreseeable future. Thus the directors continue to adopt the going concern basis of accounting in preparing the annual financial statements.

Significant judgements and estimates
In preparing the financial statements, management is required to make estimates and assumptions which affect reported income, expenses, assets, liabilities and disclosure of contingent assets and liabilities. Use of available information and application of judgement are inherent in the formation of estimates, together with past experience and expectations of future events that are believed to be reasonable under the circumstances. Actual results in the future could differ from such estimates.

Critical judgements in applying the company's policies
No significant judgements have had to be made by management in preparing these financial statements.

Critical accounting estimates and assumptions
The directors do not consider that any other estimates and assumptions used in the preparation of these financial statements have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year.

Revenue
Revenue represents goods and services supplied, excluding value added tax. Revenue is recognised to the extent that the company has obtained the right to consideration through its performance and is measured at the fair value of the right to consideration.

Property, plant and equipment
Items of property, plant and equipment are initially measured at cost. After initial recognition items of property, plant and equipment are measured at cost less any accumulated depreciation and any accumulated impairment losses.

Depreciation is provided at the following annual rates in order to write off the cost of each asset over its estimated useful life.

Plant and machinery- 20% on reducing balance and 33% on straight line
Fixtures and fittings- 15% on reducing balance
Motor vehicles- 25% on reducing balance
Computer equipment- 33% on straight line

Inventories
Inventories are measured at the lower of cost and estimated selling price less costs to complete and sell.

SIMPSON AND HILL CONSTRUCTION LTD (REGISTERED NUMBER: 11339456)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 30 June 2024


2. ACCOUNTING POLICIES - continued

Financial instruments
The company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities such as trade, other accounts receivable and payable and loans to related parties.

Debt instruments that are payable or receivable within one year, typically trade payables or receivables, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid or received.

Debt instruments such as loans and other accounts receivable and payable are initially measured at present value of the future payments and subsequently at amortised costs using the effective interest method.

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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
Assets acquired under finance lease agreements, including hire purchase agreements, are capitalised and the corresponding liability is included in creditors. Finance lease interest is charged to the profit and loss account on a sum of digits basis over the period of the agreement. Operating lease rentals are charged against profits of the period to which they relate.

Pension costs and other post-retirement benefits
Payments to defined contribution pension schemes are charged as an expense in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2023 - 5 ) .

SIMPSON AND HILL CONSTRUCTION LTD (REGISTERED NUMBER: 11339456)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 30 June 2024


4. PROPERTY, PLANT AND EQUIPMENT
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 July 2023 42,081 297 52,150 6,081 100,609
Additions 33,417 - 1,000 - 34,417
At 30 June 2024 75,498 297 53,150 6,081 135,026
DEPRECIATION
At 1 July 2023 18,842 84 13,058 3,750 35,734
Charge for year 8,093 32 7,078 777 15,980
At 30 June 2024 26,935 116 20,136 4,527 51,714
NET BOOK VALUE
At 30 June 2024 48,563 181 33,014 1,554 83,312
At 30 June 2023 23,239 213 39,092 2,331 64,875

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 119,478 164,773
Amounts owed by group undertakings 49,180 9,945
Other debtors 947 291
169,605 175,009

There are no specific repayment terms for the amounts owed by group undertakings therefore these may be repaid after more than one year.

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 10,162 9,911
Hire purchase contracts 6,563 -
Trade creditors 100,591 43,429
Taxation and social security 87,196 74,469
Other creditors 23,047 25,803
227,559 153,612

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 9,213 24,111
Hire purchase contracts 8,272 -
17,485 24,111

SIMPSON AND HILL CONSTRUCTION LTD (REGISTERED NUMBER: 11339456)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 30 June 2024


8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The directors operate loan accounts with the company which are repayable on demand. The following advances and credits subsisted during the years ended 30 June 2024 and 30 June 2023 in respect of one of the directors.

20242023
££
Balance outstanding at start of year- -
Amounts advanced62,106 55,155
Amounts repaid(62,106)(55,155)
Amounts written off- -
Amounts waived- -
Balance outstanding at end of year- -
Interest has been charged at the HMRC beneficial loan rate whilst overdrawn.