IRIS Accounts Production v24.3.2.46 06537221 Board of Directors Board of Directors 1.12.23 30.11.24 30.11.24 false true false false true false Ordinary 1.00000 56024 26550 26652 29474 82676 56024 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh065372212023-11-30065372212024-11-30065372212023-12-012024-11-30065372212022-11-30065372212022-12-012023-11-30065372212023-11-3006537221ns15:EnglandWales2023-12-012024-11-3006537221ns14:PoundSterling2023-12-012024-11-3006537221ns10:Director12023-12-012024-11-3006537221ns10:Director22023-12-012024-11-3006537221ns10:PrivateLimitedCompanyLtd2023-12-012024-11-3006537221ns10:SmallEntities2023-12-012024-11-3006537221ns10:AuditExempt-NoAccountantsReport2023-12-012024-11-3006537221ns10:SmallCompaniesRegimeForDirectorsReport2023-12-012024-11-3006537221ns10:SmallCompaniesRegimeForAccounts2023-12-012024-11-3006537221ns10:FullAccounts2023-12-012024-11-3006537221ns10:OrdinaryShareClass12023-12-012024-11-300653722143ns10:Director32023-11-300653722143ns10:Director32022-11-300653722143ns10:Director32023-12-012024-11-300653722143ns10:Director32022-12-012023-11-300653722143ns10:Director32024-11-300653722143ns10:Director32023-11-3006537221ns10:Director32023-12-012024-11-3006537221ns10:RegisteredOffice2023-12-012024-11-3006537221ns5:CurrentFinancialInstruments2024-11-3006537221ns5:CurrentFinancialInstruments2023-11-3006537221ns5:Non-currentFinancialInstruments2024-11-3006537221ns5:Non-currentFinancialInstruments2023-11-3006537221ns5:ShareCapital2024-11-3006537221ns5:ShareCapital2023-11-3006537221ns5:RetainedEarningsAccumulatedLosses2024-11-3006537221ns5:RetainedEarningsAccumulatedLosses2023-11-3006537221ns5:PlantMachinery2023-12-012024-11-3006537221ns5:ComputerEquipment2023-11-3006537221ns5:ComputerEquipment2023-12-012024-11-3006537221ns5:ComputerEquipment2024-11-3006537221ns5:ComputerEquipment2023-11-3006537221ns5:CostValuation2023-11-3006537221ns5:WithinOneYearns5:CurrentFinancialInstruments2024-11-3006537221ns5:WithinOneYearns5:CurrentFinancialInstruments2023-11-3006537221ns5:Secured2024-11-3006537221ns5:Secured2023-11-3006537221ns10:OrdinaryShareClass12024-11-30065372211ns10:Director12023-11-30065372211ns10:Director12022-11-30065372211ns10:Director12023-12-012024-11-30065372211ns10:Director12022-12-012023-11-30065372211ns10:Director12024-11-30065372211ns10:Director12023-11-30
REGISTERED NUMBER: 06537221 (England and Wales)


















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30TH NOVEMBER 2024

FOR

SIMS LOGISTICS LIMITED

SIMS LOGISTICS LIMITED (REGISTERED NUMBER: 06537221)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH NOVEMBER 2024




Page

Company Information 1

Balance Sheet 2 to 3

Notes to the Financial Statements 4 to 6


SIMS LOGISTICS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30TH NOVEMBER 2024







DIRECTORS: T P Casson
K H Daniels-Sims
Mrs L Daniels-Sims





REGISTERED OFFICE: Trade Winds House
Barton Road
Heaton Mersey
Stockport
Cheshire
SK4 3EG





REGISTERED NUMBER: 06537221 (England and Wales)





ACCOUNTANTS: Allens Accountants Limited
Chartered Accountants
123 Wellington Road South
Stockport
Cheshire
SK1 3TH

SIMS LOGISTICS LIMITED (REGISTERED NUMBER: 06537221)

BALANCE SHEET
30TH NOVEMBER 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,471 3,587
Investments 5 400 400
1,871 3,987

CURRENT ASSETS
Debtors 6 496,956 419,909
Cash at bank 43,586 15,882
540,542 435,791
CREDITORS
Amounts falling due within one year 7 378,162 296,771
NET CURRENT ASSETS 162,380 139,020
TOTAL ASSETS LESS CURRENT
LIABILITIES

164,251

143,007

CREDITORS
Amounts falling due after more than one
year

8

(28,119

)

(33,948

)

PROVISIONS FOR LIABILITIES (279 ) (682 )
NET ASSETS 135,853 108,377

CAPITAL AND RESERVES
Called up share capital 10 125 125
Retained earnings 135,728 108,252
SHAREHOLDERS' FUNDS 135,853 108,377

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30th November 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.

SIMS LOGISTICS LIMITED (REGISTERED NUMBER: 06537221)

BALANCE SHEET - continued
30TH NOVEMBER 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 9th April 2025 and were signed on its behalf by:




K H Daniels-Sims - Director



T P Casson - Director


SIMS LOGISTICS LIMITED (REGISTERED NUMBER: 06537221)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH NOVEMBER 2024

1. STATUTORY INFORMATION

Sims Logistics 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 etc - 33% on cost

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2023 - 4 ) .

SIMS LOGISTICS LIMITED (REGISTERED NUMBER: 06537221)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH NOVEMBER 2024

4. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
At 1st December 2023
and 30th November 2024 11,626
DEPRECIATION
At 1st December 2023 8,039
Charge for year 2,116
At 30th November 2024 10,155
NET BOOK VALUE
At 30th November 2024 1,471
At 30th November 2023 3,587

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1st December 2023
and 30th November 2024 400
NET BOOK VALUE
At 30th November 2024 400
At 30th November 2023 400

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 241,626 188,952
Other debtors 255,330 230,957
496,956 419,909

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 5,831 5,687
Trade creditors 257,095 161,773
Taxation and social security 5,565 5,091
Other creditors 109,671 124,220
378,162 296,771

SIMS LOGISTICS LIMITED (REGISTERED NUMBER: 06537221)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH NOVEMBER 2024

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 28,119 33,948

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 3,283 9,724

9. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 33,950 39,635
Invoice financing 53,372 60,422
87,322 100,057

Bank loans and overdraft are secured by a fixed and floating charge over all assets of the company.

Invoice financing is secured on trade debtors and other assets of the company.

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
125 Ordinary £1 125 125

11. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 30th November 2024 and 30th November 2023:

2024 2023
£    £   
K H Daniels-Sims and Mrs L Daniels-Sims
Balance outstanding at start of year 56,024 26,550
Amounts advanced 26,652 29,474
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 82,676 56,024