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REGISTERED NUMBER: 03751170 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

FOR

SIMON CNC SERVICES LIMITED

SIMON CNC SERVICES LIMITED (REGISTERED NUMBER: 03751170)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 March 2025




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


SIMON CNC SERVICES LIMITED

COMPANY INFORMATION
for the Year Ended 31 March 2025







DIRECTORS: S Newton
R S Newton





SECRETARY: S Newton





REGISTERED OFFICE: Unit 1
Old Brick Works Lane
Chesterfield
Derbyshire
S41 7JD





REGISTERED NUMBER: 03751170 (England and Wales)

SIMON CNC SERVICES LIMITED (REGISTERED NUMBER: 03751170)

BALANCE SHEET
31 March 2025

31.3.25 31.3.24
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 242,527 269,304

CURRENT ASSETS
Stocks 147,265 181,208
Debtors 6 52,678 68,849
Cash at bank and in hand 224,036 169,488
423,979 419,545
CREDITORS
Amounts falling due within one year 7 131,732 152,232
NET CURRENT ASSETS 292,247 267,313
TOTAL ASSETS LESS CURRENT
LIABILITIES

534,774

536,617

CREDITORS
Amounts falling due after more than one
year

8

-

(60,356

)

PROVISIONS FOR LIABILITIES (18,439 ) (24,007 )
NET ASSETS 516,335 452,254

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 516,235 452,154
SHAREHOLDERS' FUNDS 516,335 452,254

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 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 CNC SERVICES LIMITED (REGISTERED NUMBER: 03751170)

BALANCE SHEET - continued
31 March 2025


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 Board of Directors and authorised for issue on 22 July 2025 and were signed on its behalf by:





S Newton - Director


SIMON CNC SERVICES LIMITED (REGISTERED NUMBER: 03751170)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 March 2025

1. STATUTORY INFORMATION

Simon CNC Services 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.

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


All monetary values stated within these financial statements are rounded to the nearest £.

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.

Turnover represents net invoiced sales of goods and services, excluding value added tax.

Revenue from services is recognised when the company has been judged to have achieved the right to consideration resulting from a level of completed performance under individual contracts but only to the extent that the outcome of such contracts can be assessed with reasonable certainty.

Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have passed to the buyer (usually on dispatch of the goods), the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the entity and the costs incurred or to be incurred in respect of the transaction can be measured reliably.

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 and 10% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% 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.


SIMON CNC SERVICES LIMITED (REGISTERED NUMBER: 03751170)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 March 2025

3. ACCOUNTING POLICIES - continued
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.

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.

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.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2024 - 6 ) .

SIMON CNC SERVICES LIMITED (REGISTERED NUMBER: 03751170)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 March 2025

5. TANGIBLE FIXED ASSETS
Fixtures
Short Plant and and
leasehold machinery fittings
£    £    £   
COST
At 1 April 2024 165,555 144,896 29,148
Disposals - - -
At 31 March 2025 165,555 144,896 29,148
DEPRECIATION
At 1 April 2024 - 124,382 28,852
Charge for year - 4,030 74
Eliminated on disposal - - -
At 31 March 2025 - 128,412 28,926
NET BOOK VALUE
At 31 March 2025 165,555 16,484 222
At 31 March 2024 165,555 20,514 296

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 April 2024 137,974 8,269 485,842
Disposals (32,400 ) - (32,400 )
At 31 March 2025 105,574 8,269 453,442
DEPRECIATION
At 1 April 2024 56,714 6,590 216,538
Charge for year 20,089 1,679 25,872
Eliminated on disposal (31,495 ) - (31,495 )
At 31 March 2025 45,308 8,269 210,915
NET BOOK VALUE
At 31 March 2025 60,266 - 242,527
At 31 March 2024 81,260 1,679 269,304

SIMON CNC SERVICES LIMITED (REGISTERED NUMBER: 03751170)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 March 2025

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.25 31.3.24
£    £   
Trade debtors 50,847 60,921
Other debtors 1,831 7,928
52,678 68,849

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.25 31.3.24
£    £   
Bank loans and overdrafts - 40,284
Taxation and social security 116,533 73,551
Other creditors 15,199 38,397
131,732 152,232

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
31.3.25 31.3.24
£    £   
Bank loans - 50,356
Other creditors - 10,000
- 60,356

9. SECURED DEBTS

The following secured debts are included within creditors:

31.3.25 31.3.24
£    £   
Bank loans - 68,140

The company's bank loan was secured by way of fixed and floating charges over the undertaking and all of its assets as well as a specific charge over Unit 1, Old Brickworks Lane, Sheffield Road, Chesterfield.

SIMON CNC SERVICES LIMITED (REGISTERED NUMBER: 03751170)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 March 2025

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2025 and 31 March 2024:

31.3.25 31.3.24
£    £   
S Newton
Balance outstanding at start of year (8,148 ) (18,157 )
Amounts advanced 82,156 83,709
Amounts repaid (73,700 ) (73,700 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 308 (8,148 )