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REGISTERED NUMBER: 04542256 (England and Wales)










Unaudited Financial Statements

for the Year Ended 31 July 2024

for

Simmons Builders Limited

Simmons Builders Limited (Registered number: 04542256)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Simmons Builders Limited

Company Information
for the Year Ended 31 July 2024







DIRECTORS: Mr B Simmons
Mr P B Simmons





SECRETARY: Mrs K K Simmons





REGISTERED OFFICE: York Cottage
Laxfield Road
Stradbroke
Eye
Suffolk
IP21 5HX





REGISTERED NUMBER: 04542256 (England and Wales)





ACCOUNTANTS: Turner & Ellerby
Chartered Certified Accountants
5 Church Street
Framlingham
Woodbridge
Suffolk
IP13 9BQ

Simmons Builders Limited (Registered number: 04542256)

Balance Sheet
31 July 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 4,984 6,646

CURRENT ASSETS
Stocks 825 825
Debtors 5 70,525 19,925
Cash at bank 90,035 208,666
161,385 229,416
CREDITORS
Amounts falling due within one year 6 16,820 69,840
NET CURRENT ASSETS 144,565 159,576
TOTAL ASSETS LESS CURRENT
LIABILITIES

149,549

166,222

PROVISIONS FOR LIABILITIES 7 947 1,263
NET ASSETS 148,602 164,959

CAPITAL AND RESERVES
Called up share capital 6 6
Retained earnings 148,596 164,953
SHAREHOLDERS' FUNDS 148,602 164,959

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

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

Simmons Builders Limited (Registered number: 04542256)

Balance Sheet - continued
31 July 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 20 March 2025 and were signed on its behalf by:




Mr B Simmons - Director



Mr P B Simmons - Director


Simmons Builders Limited (Registered number: 04542256)

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

1. STATUTORY INFORMATION

Simmons Builders 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 - 25% on reducing balance
Motor vehicles - 25% 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.

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.

Simmons Builders Limited (Registered number: 04542256)

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

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 1 August 2023
and 31 July 2024 42,840 27,948 70,788
DEPRECIATION
At 1 August 2023 39,139 25,003 64,142
Charge for year 925 737 1,662
At 31 July 2024 40,064 25,740 65,804
NET BOOK VALUE
At 31 July 2024 2,776 2,208 4,984
At 31 July 2023 3,701 2,945 6,646

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Unbilled sales contracts 64,018 15,798
Directors' current accounts 1,375 2,256
VAT 2,604 -
Prepayments 2,528 1,871
70,525 19,925

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 5,878 31,336
Tax 7,597 19,382
Social security and other taxes - 183
VAT - 15,564
Auto-enrolment pension 265 295
Net wages 750 750
Accrued expenses 2,330 2,330
16,820 69,840

7. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 947 1,263

Simmons Builders Limited (Registered number: 04542256)

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

7. PROVISIONS FOR LIABILITIES - continued

Deferred
tax
£   
Balance at 1 August 2023 1,263
Credit to Income Statement during year (316 )
Balance at 31 July 2024 947

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 July 2024 and 31 July 2023:

2024 2023
£    £   
Mr B Simmons
Balance outstanding at start of year 689 4,319
Amounts advanced 1,361 689
Amounts repaid (689 ) (4,319 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 1,361 689

Mr P B Simmons
Balance outstanding at start of year 1,567 108
Amounts advanced 15 1,567
Amounts repaid (1,567 ) (108 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 15 1,567