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SIMPSON SERVICES (SCOTLAND) LTD

Registered Number
SC488768
(Scotland)

Unaudited Financial Statements for the Year ended
31 October 2024

SIMPSON SERVICES (SCOTLAND) LTD
Company Information
for the year from 1 November 2023 to 31 October 2024

Director

Kevin William Simpson

Registered Address

1 Lea Rig Road
Peterhead
AB42 3NP

Registered Number

SC488768 (Scotland)
SIMPSON SERVICES (SCOTLAND) LTD
Balance Sheet as at
31 October 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Intangible assets312,30012,300
Tangible assets4131,595142,599
143,895154,899
Current assets
Debtors514,84217,944
Cash at bank and on hand3599,675
15,20127,619
Creditors amounts falling due within one year6(35,346)(57,744)
Net current assets (liabilities)(20,145)(30,125)
Total assets less current liabilities123,750124,774
Provisions for liabilities(27,030)(28,093)
Net assets96,72096,681
Capital and reserves
Called up share capital1010
Profit and loss account96,71096,671
Shareholders' funds96,72096,681
The financial statements were approved and authorised for issue by the Director on 1 April 2025, and are signed on its behalf by:
Kevin William Simpson
Director
Registered Company No. SC488768
SIMPSON SERVICES (SCOTLAND) LTD
Notes to the Financial Statements
for the year ended 31 October 2024

1.Accounting policies
Statutory information
Simpson Services (Scotland) Ltd 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.
Statement of compliance
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 financial statements have been prepared on the going concern basis. The director finds it appropriate for the financial statements to be prepared on this basis despite the net current liability position of the company. The company is reliant upon the continued support of the director who has confirmed he will not withdraw his directors loan account to the detriment of other creditors.
Turnover policy
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.
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.
Intangible assets
Licences are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses. Licences are currently not being amortised.
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows: Plant and Machinery - Reducing balance - 25% and reducing balance - 5% Vehicles - Reducing balance - 25% Office Equipment - Straightline - 3 years.
2.Average number of employees

20242023
Average number of employees during the year22
3.Intangible assets

Other

Total

££
Cost or valuation
At 01 November 2312,30012,300
At 31 October 2412,30012,300
Net book value
At 31 October 2412,30012,300
At 31 October 2312,30012,300
4.Tangible fixed assets

Plant & machinery

Vehicles

Office Equipment

Total

££££
Cost or valuation
At 01 November 23226,44111,910520238,871
Additions5,70711,500-17,207
At 31 October 24232,14823,410520256,078
Depreciation and impairment
At 01 November 2391,1044,64852096,272
Charge for year25,2882,923-28,211
At 31 October 24116,3927,571520124,483
Net book value
At 31 October 24115,75615,839-131,595
At 31 October 23135,3377,262-142,599
5.Debtors: amounts due within one year

2024

2023

££
Trade debtors / trade receivables12,70216,482
Other debtors1,363-
Prepayments and accrued income7771,462
Total14,84217,944
6.Creditors: amounts due within one year

2024

2023

££
Trade creditors / trade payables1,1191,155
Taxation and social security13,02511,687
Other creditors19,89743,233
Accrued liabilities and deferred income1,3051,669
Total35,34657,744