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Registration number: 06809443

Simon H Wilson Limited

Annual Report and Unaudited Filleted Financial Statements

for the Year Ended 28 February 2025

 

Simon H Wilson Limited

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 8

 

Simon H Wilson Limited

Company Information

Director

S H Wilson

Company secretary

S H Wilson

Registered office

8 High Street
Heathfield
East Sussex
TN21 8LS

Accountants

Manningtons
8 High Street
Heathfield
East Sussex
TN21 8LS

 

Simon H Wilson Limited

(Registration number: 06809443)
Balance Sheet as at 28 February 2025

Note

2025
£

2024
£

Fixed assets

 

Tangible assets

4

39,053

45,707

Investment assets

5

31,875

22,754

 

70,928

68,461

Current assets

 

Debtors

6

300,867

282,977

Cash at bank and in hand

 

156,295

141,545

 

457,162

424,522

Creditors: Amounts falling due within one year

7

(26,878)

(27,511)

Net current assets

 

430,284

397,011

Total assets less current liabilities

 

501,212

465,472

Provisions for liabilities

(1,259)

(2,225)

Net assets

 

499,953

463,247

Capital and reserves

 

Called up share capital

99

99

Revaluation reserve

11,345

2,224

Retained earnings

488,509

460,924

Shareholders' funds

 

499,953

463,247

For the financial year ending 28 February 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's 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 director acknowledges his 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 special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 16 May 2025
 

 

Simon H Wilson Limited

(Registration number: 06809443)
Balance Sheet as at 28 February 2025

.........................................
S H Wilson
Company secretary and director

 

Simon H Wilson Limited

Notes to the Unaudited Financial Statements for the Year Ended 28 February 2025

1

General information

The company is a private company limited by share capital, incorporated in Emgland & Wales.

The address of its registered office is:
8 High Street
Heathfield
East Sussex
TN21 8LS
England

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.

The presentation currency of the financial statements is the Pound Sterling (£).

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

 

Simon H Wilson Limited

Notes to the Unaudited Financial Statements for the Year Ended 28 February 2025

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 balance sheet 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

Plant & Machinery

25% Straight Line

Office Equipment

25% Straight Line

Investment assets

Investment assets are carried at fair value, derived from the current market prices. The valuers use observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in profit or loss.

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.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised at the transaction price.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised at the transaction price.

 

Simon H Wilson Limited

Notes to the Unaudited Financial Statements for the Year Ended 28 February 2025

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.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 6 (2024 - 6).

 

Simon H Wilson Limited

Notes to the Unaudited Financial Statements for the Year Ended 28 February 2025

4

Tangible assets

Land and buildings
£

Furniture, fittings and equipment
 £

Other tangible assets
£

Total
£

Cost or valuation

At 1 March 2024

34,412

40,003

21,070

95,485

Additions

-

1,219

1,300

2,519

At 28 February 2025

34,412

41,222

22,370

98,004

Depreciation

At 1 March 2024

-

34,058

15,720

49,778

Charge for the year

-

6,208

2,965

9,173

At 28 February 2025

-

40,266

18,685

58,951

Carrying amount

At 28 February 2025

34,412

956

3,685

39,053

At 29 February 2024

34,412

5,944

5,351

45,707

Included within the net book value of land and buildings above is £34,412 (2024 - £34,412) in respect of freehold land and buildings.
 

5

Investment assets

2025
£

At 1 March

22,754

Fair value adjustments

9,121

At 28 February

31,875

There has been no valuation of investment assets by an independent valuer.

6

Debtors

Note

2025
£

2024
£

Amounts owed by group undertakings and undertakings in which the company has a participating interest

8

287,385

266,385

Director loan account

 

13,482

16,592

 

300,867

282,977

 

Simon H Wilson Limited

Notes to the Unaudited Financial Statements for the Year Ended 28 February 2025

7

Creditors

Creditors: amounts falling due within one year

2025
£

2024
£

Due within one year

Taxation and social security

24,576

24,988

Accruals and deferred income

1,200

1,200

Other creditors

1,102

1,323

26,878

27,511

8

Related party transactions

Summary of transactions with entities with joint control or significant interest

SHW Holdings Ltd (a company controlled by Mr S Wilson, Director)
 

Loans to related parties

2025

Entities with joint control or significant influence
£

Total
£

At start of period

266,385

266,385

Advanced

21,000

21,000

At end of period

287,385

287,385

2024

Entities with joint control or significant influence
£

Total
£

At start of period

249,385

249,385

Advanced

17,000

17,000

At end of period

266,385

266,385

Terms of loans to related parties

No interest is charged on the loan and there is no date for repayment.