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REGISTERED NUMBER: SC301113 (Scotland)















Unaudited Financial Statements for the Year Ended 30 April 2024

for

Simpson Game Limited

Simpson Game Limited (Registered number: SC301113)






Contents of the Financial Statements
for the Year Ended 30 April 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Simpson Game Limited

Company Information
for the Year Ended 30 April 2024







DIRECTORS: D Simpson
Mrs A Simpson





SECRETARY: Mrs A Simpson





REGISTERED OFFICE: 6 Market Square
Oldmeldrum
Aberdeenshire
AB51 0AA





REGISTERED NUMBER: SC301113 (Scotland)





ACCOUNTANTS: Add Accountancy Limited
6 Market Square
Oldmeldrum
Aberdeenshire
AB51 0AA

Simpson Game Limited (Registered number: SC301113)

Balance Sheet
30 April 2024

30.4.24 30.4.23
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 610,555 591,385

CURRENT ASSETS
Stocks 40,000 40,000
Debtors 5 223,571 283,249
Cash at bank and in hand 13,092 -
276,663 323,249
CREDITORS
Amounts falling due within one year 6 493,066 642,446
NET CURRENT LIABILITIES (216,403 ) (319,197 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

394,152

272,188

CREDITORS
Amounts falling due after more than one year 7 72,096 81,279
NET ASSETS 322,056 190,909

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 322,054 190,907
SHAREHOLDERS' FUNDS 322,056 190,909

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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 Game Limited (Registered number: SC301113)

Balance Sheet - continued
30 April 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 14 April 2025 and were signed on its behalf by:




D Simpson - Director



Mrs A Simpson - Director


Simpson Game Limited (Registered number: SC301113)

Notes to the Financial Statements
for the Year Ended 30 April 2024

1. STATUTORY INFORMATION

Simpson Game Limited 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.

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
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Simpson Game Limited (Registered number: SC301113)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

2. ACCOUNTING POLICIES - continued

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 NIL (2023 - 20 ).

4. TANGIBLE FIXED ASSETS
Improvements
Freehold to Plant and
property property machinery
£    £    £   
COST
At 1 May 2023 327,698 - 328,547
Additions - 15,425 6,350
At 30 April 2024 327,698 15,425 334,897
DEPRECIATION
At 1 May 2023 - - 252,980
Charge for year - 3,856 20,479
At 30 April 2024 - 3,856 273,459
NET BOOK VALUE
At 30 April 2024 327,698 11,569 61,438
At 30 April 2023 327,698 - 75,567

Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1 May 2023 26,536 487,131 10,203 1,180,115
Additions - 91,680 - 113,455
At 30 April 2024 26,536 578,811 10,203 1,293,570
DEPRECIATION
At 1 May 2023 25,919 304,977 4,854 588,730
Charge for year 154 68,459 1,337 94,285
At 30 April 2024 26,073 373,436 6,191 683,015
NET BOOK VALUE
At 30 April 2024 463 205,375 4,012 610,555
At 30 April 2023 617 182,154 5,349 591,385

Simpson Game Limited (Registered number: SC301113)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Trade debtors 149,272 130,389
Loan Account - 80,000
VAT 74,299 72,860
223,571 283,249

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Bank loans and overdrafts 51,522 376,629
Hire purchase contracts 165,935 133,933
Trade creditors 67,545 28,996
Tax 32,140 95,078
Social security and other taxes 3,972 5,893
Directors' current accounts 170,652 617
Accrued expenses 1,300 1,300
493,066 642,446

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.4.24 30.4.23
£    £   
RBS Business Term Loan 72,096 81,279