Registered number
06179025
Simon Morris (Ipswich) Ltd
Filleted Accounts
31 March 2025
Simon Morris (Ipswich) Ltd
Registered number: 06179025
Balance Sheet
as at 31 March 2025
Notes 2025 2024
£ £
Fixed assets
Tangible assets 3 31,372 29,406
Current assets
Stocks 7,133 7,790
Debtors 4 465,522 349,628
Cash at bank and in hand 277,118 226,195
749,773 583,613
Creditors: amounts falling due within one year 5 (302,513) (266,953)
Net current assets 447,260 316,660
Total assets less current liabilities 478,632 346,066
Creditors: amounts falling due after more than one year 6 (10,000) (20,833)
Provisions for liabilities (5,013) (3,109)
Net assets 463,619 322,124
Capital and reserves
Called up share capital 100 100
Profit and loss account 463,519 322,024
Shareholder's funds 463,619 322,124
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
David Steers
Director
Approved by the board on 5 May 2025
Simon Morris (Ipswich) Ltd
Notes to the Accounts
for the year ended 31 March 2025
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Leasehold land and buildings over 10 years
Plant and machinery over 4 years
Fixtures, fittings, tools and equipment over 4 years
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. 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, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Leased assets
A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership. All other leases are classified as operating leases. The rights of use and obligations under finance leases are initially recognised as assets and liabilities at amounts equal to the fair value of the leased assets or, if lower, the present value of the minimum lease payments. Minimum lease payments are apportioned between the finance charge and the reduction in the outstanding liability using the effective interest rate method. The finance charge is allocated to each period during the lease so as to produce a constant periodic rate of interest on the remaining balance of the liability. Leased assets are depreciated in accordance with the company's policy for tangible fixed assets. If there is no reasonable certainty that ownership will be obtained at the end of the lease term, the asset is depreciated over the lower of the lease term and its useful life. Operating lease payments are recognised as an expense on a straight line basis over the lease term.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2025 2024
Number Number
Average number of persons employed by the company including directors. 13 13
3 Tangible fixed assets
Leasehold improvements Plant and machinery etc Motor vehicles Total
£ £ £ £
Cost
At 1 April 2024 12,720 98,504 42,269 153,493
Additions - 4,927 5,500 10,427
At 31 March 2025 12,720 103,431 47,769 163,920
Depreciation
At 1 April 2024 7,195 96,936 19,956 124,087
Charge for the year 1,272 1,939 5,250 8,461
At 31 March 2025 8,467 98,875 25,206 132,548
Net book value
At 31 March 2025 4,253 4,556 22,563 31,372
At 31 March 2024 5,525 1,568 22,313 29,406
4 Debtors 2025 2024
£ £
Trade debtors 382,307 316,811
Amounts owed by group undertakings and undertakings in which the company has a participating interest 66,994 16,994
Other debtors 16,221 15,823
465,522 349,628
5 Creditors: amounts falling due within one year 2025 2024
£ £
Bank loans and overdrafts 14,138 11,121
Trade creditors 113,397 77,173
Taxation and social security costs 168,173 169,389
Other creditors 6,805 9,270
302,513 266,953
6 Creditors: amounts falling due after one year 2025 2024
£ £
Bank loans 10,000 20,833
7 Other financial commitments 2025 2024
£ £
Total future minimum payments under non-cancellable operating leases 38,978 83,888
8 Related party transactions
Annual management fees of £30,000 have been charged by the parent company CS Holdings (Colchester) Limited to Simon Morris (Ipswich) Limited
9 Controlling party
The company's sole shareholder is CS Holdings (Colchester) Limited.

The parent company is controlled by its directors as they own 100% of the issued share capital.
The company and its parent comprise a small group.
The parent has taken advantage of the exemption provided by s.398 of the Companies Act 2006 not to prepare group accounts.
These financial statements contain information about the company as an individual and not about the group.
10 Other information
Simon Morris (Ipswich) Ltd is a private company limited by shares and incorporated in England. Its registered office is:
8 Blue Barns Business Park
Old Ipswich Road, Ardleigh
Colchester
Essex
CO7 7FX
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