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Simpkins & Pook Ltd

Annual Report and Unaudited Financial Statements

for the Year Ended 30 June 2024

Registration number: 14970017

 

Simpkins & Pook Ltd

Contents

Statement of financial position

1

Notes to the Unaudited Financial Statements

2 to 4

 

Simpkins & Pook Ltd

(Registration number: 14970017)
Statement of financial position as at 30 June 2024

Note

2024
£

Fixed assets

 

Tangible assets

4

55,051

Current assets

 

Debtors

5

44,319

Cash at bank and in hand

 

46,496

 

90,815

Creditors: Amounts falling due within one year

6

(141,519)

Net current liabilities

 

(50,704)

Net assets

 

4,347

Capital and reserves

 

Called up share capital

7

6,000

Retained earnings

(1,653)

Shareholders' funds

 

4,347

For the financial year ending 30 June 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and FRS 102 ‘The Financial Reporting Standard Applicable in the UK and Republic of Ireland’.

Approved and authorised by the Board on 26 March 2025 and signed on its behalf by:
 

.........................................
P Simpkins
Director

 

Simpkins & Pook Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2024

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
54 Park Avenue
Bromely
Kent
BR1 4EE

These financial statements were authorised for issue by the Board on 26 March 2025.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Tax

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Short leasehold

10% straight line

Plant and machinery

25% reducing balance

Fixtures and fittings

25% reducing balance

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

 

Simpkins & Pook Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2024

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 3.

4

Tangible assets

Land and buildings
£

Furniture, fittings and equipment
 £

Total
£

Cost or valuation

Additions

11,579

43,472

55,051

At 30 June 2024

11,579

43,472

55,051

Depreciation

Carrying amount

At 30 June 2024

11,579

43,472

55,051

Included within the net book value of land and buildings above is £11,579 in respect of short leasehold land and buildings.
 

5

Debtors

Current

2024
£

Prepayments

9,152

Other debtors

35,167

 

44,319

 

Simpkins & Pook Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2024

6

Creditors

Creditors: amounts falling due within one year

2024
£

Due within one year

Trade creditors

380

Accruals and deferred income

1,000

Other creditors

140,139

141,519

7

Share capital

Allotted, called up and fully paid shares

2024

No.

£

Ordinary of £1 each

6,000

6,000