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REGISTERED NUMBER: 09795341 (England and Wales)

















Unaudited Financial Statements

for the Year Ended 30 September 2024

for

Simon Davies Machinery Repairs Limited

Simon Davies Machinery Repairs Limited (Registered number: 09795341)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Simon Davies Machinery Repairs Limited

Company Information
for the Year Ended 30 September 2024







DIRECTOR: S J Davies





SECRETARY: S J Davies





REGISTERED OFFICE: 21 Gold Tops
Newport
South Wales
NP20 4PG





REGISTERED NUMBER: 09795341 (England and Wales)





ACCOUNTANTS: Guilfoyle Sage LLP
21 Gold Tops
Newport
South Wales
NP20 4PG

Simon Davies Machinery Repairs Limited (Registered number: 09795341)

Balance Sheet
30 September 2024

30.9.24 30.9.23
Notes £    £    £   
FIXED ASSETS
Tangible assets 5 104,191 80,980

CURRENT ASSETS
Stocks 6 3,150 3,999
Debtors 7 26,733 29,267
Cash at bank 34,035 65,345
63,918 98,611
CREDITORS
Amounts falling due within one year 8 38,619 71,761
NET CURRENT ASSETS 25,299 26,850
TOTAL ASSETS LESS CURRENT
LIABILITIES

129,490

107,830

CREDITORS
Amounts falling due after more than one
year

9

(11,625

)

-

PROVISIONS FOR LIABILITIES (11,385 ) (9,018 )
NET ASSETS 106,480 98,812

CAPITAL AND RESERVES
Called up share capital 10 1 1
Retained earnings 106,479 98,811
SHAREHOLDERS' FUNDS 106,480 98,812

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

Simon Davies Machinery Repairs Limited (Registered number: 09795341)

Balance Sheet - continued
30 September 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 director and authorised for issue on 30 June 2025 and were signed by:





S J Davies - Director


Simon Davies Machinery Repairs Limited (Registered number: 09795341)

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

1. STATUTORY INFORMATION

Simon Davies Machinery Repairs 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. 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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery etc - 20% on cost and 10% on cost

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 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.

Simon Davies Machinery Repairs Limited (Registered number: 09795341)

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

3. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Debtors and creditors receivable / payable within one year
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

5. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 October 2023 35,653 97,934 133,587
Additions - 49,481 49,481
At 30 September 2024 35,653 147,415 183,068
DEPRECIATION
At 1 October 2023 7,370 45,237 52,607
Charge for year 1,426 24,844 26,270
At 30 September 2024 8,796 70,081 78,877
NET BOOK VALUE
At 30 September 2024 26,857 77,334 104,191
At 30 September 2023 28,283 52,697 80,980

Simon Davies Machinery Repairs Limited (Registered number: 09795341)

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

5. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts or finance leases are as follows:

Plant and
machinery
etc
£   
COST
Additions 28,500
At 30 September 2024 28,500
DEPRECIATION
Charge for year 9,499
At 30 September 2024 9,499
NET BOOK VALUE
At 30 September 2024 19,001

6. STOCKS
30.9.24 30.9.23
£    £   
Stocks 3,150 3,999

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Trade debtors 24,189 29,267
Other debtors 2,544 -
26,733 29,267

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Trade creditors 5,298 7,505
Taxation and social security 12,093 11,650
Other creditors 21,228 52,606
38,619 71,761

Simon Davies Machinery Repairs Limited (Registered number: 09795341)

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

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
30.9.24 30.9.23
£    £   
Other creditors 11,625 -

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.9.24 30.9.23
value: £    £   
1 Ordinary 100 1 1