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REGISTERED NUMBER: 12360828 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2024

FOR

SIMON JAMES LTD

SIMON JAMES LTD (REGISTERED NUMBER: 12360828)






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 JAMES LTD

COMPANY INFORMATION
for the Year Ended 30 September 2024







DIRECTORS: Mrs T James
S A James





REGISTERED OFFICE: Green Quarry
Farrington Lane
Doulting
Shepton Mallet
Somerset
BA4 4RG





REGISTERED NUMBER: 12360828 (England and Wales)





ACCOUNTANTS: Andrews and Palmer
Chartered Accountants
32 The Square
Gillingham
Dorset
SP8 4AR

SIMON JAMES LTD (REGISTERED NUMBER: 12360828)

BALANCE SHEET
30 September 2024

30.9.24 30.9.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 35,685 31,493

CURRENT ASSETS
Stocks 14,445 64,151
Debtors 5 391,521 277,627
Cash at bank 68,897 38,582
474,863 380,360
CREDITORS
Amounts falling due within one year 6 196,734 221,812
NET CURRENT ASSETS 278,129 158,548
TOTAL ASSETS LESS CURRENT
LIABILITIES

313,814

190,041

PROVISIONS FOR LIABILITIES 8,921 7,873
NET ASSETS 304,893 182,168

CAPITAL AND RESERVES
Called up share capital 7 100 100
Retained earnings 304,793 182,068
SHAREHOLDERS' FUNDS 304,893 182,168

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 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.

SIMON JAMES LTD (REGISTERED NUMBER: 12360828)

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 18 June 2025 and were signed on its behalf by:





S A James - Director


SIMON JAMES LTD (REGISTERED NUMBER: 12360828)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 30 September 2024

1. STATUTORY INFORMATION

Simon James Ltd 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.

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


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 represents sales invoices raised for work done plus an adjustment for long-term contract revenues (see below), excluding value added tax, discounts given and retentions which have not yet been invoiced.
Turnover is recognised in the period in which goods and services are performed.

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 - 33% on reducing balance

Stocks
In the case of long-term contracts, turnover represents the estimated contract revenues on work during the year. Contract revenues and profits are computed on the stage of completion.

Long-term contract balances included in stocks comprise costs incurred on long-term contracts, net of amounts transferred to cost of sales, after deducting foreseeable losses and related payments on account. Costs include all direct material and labour costs incurred in bringing a contract to its state of completion at the year end, including an appropriate proportion of indirect expenses. Provisions for estimated losses on contracts are made in the period in which such losses are foreseen.

The excess of payments on account received over amounts recorded as turnover is classified under creditors due within one year. Amounts recoverable on contracts, being the amount by which recorded turnover is in excess of payments on account, is classified under debtors.

Other stocks are stated at the lower of cost and net realisable value. Provision is made for obsolete, slow-moving or defective items where appropriate.

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.


SIMON JAMES LTD (REGISTERED NUMBER: 12360828)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 September 2024

2. ACCOUNTING POLICIES - continued
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 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 October 2023 28,880 338 16,800 7,387 53,405
Additions 16,500 - - - 16,500
At 30 September 2024 45,380 338 16,800 7,387 69,905
DEPRECIATION
At 1 October 2023 10,953 85 7,350 3,524 21,912
Charge for year 8,607 63 2,363 1,275 12,308
At 30 September 2024 19,560 148 9,713 4,799 34,220
NET BOOK VALUE
At 30 September 2024 25,820 190 7,087 2,588 35,685
At 30 September 2023 17,927 253 9,450 3,863 31,493

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Trade debtors 202,744 32,296
Amounts owed by group undertakings 146,867 18,504
Amounts recoverable on contract 23,742 198,930
Other debtors 18,168 27,897
391,521 277,627

SIMON JAMES LTD (REGISTERED NUMBER: 12360828)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 September 2024

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Trade creditors 99,353 102,467
Taxation and social security 40,443 33,659
Other creditors 56,938 85,686
196,734 221,812

7. CALLED UP SHARE CAPITAL

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