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REGISTERED NUMBER: 09518666 (England and Wales)

















Unaudited Financial Statements

for the Year Ended 31 March 2025

for

Sims Building Limited

Sims Building Limited (Registered number: 09518666)






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


Sims Building Limited

Company Information
for the Year Ended 31 March 2025







DIRECTORS: D H Sims
Mrs F H Sims





SECRETARY: Mrs F H Sims





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





REGISTERED NUMBER: 09518666 (England and Wales)





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

Sims Building Limited (Registered number: 09518666)

Balance Sheet
31 March 2025

31.3.25 31.3.24
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 56,294 20,840

CURRENT ASSETS
Stocks 14,150 11,250
Debtors 5 2,486 3,377
Cash at bank 244,967 73,631
261,603 88,258
CREDITORS
Amounts falling due within one year 6 185,856 54,996
NET CURRENT ASSETS 75,747 33,262
TOTAL ASSETS LESS CURRENT
LIABILITIES

132,041

54,102

CREDITORS
Amounts falling due after more than one
year

7

(24,906

)

(30,776

)

PROVISIONS FOR LIABILITIES (13,211 ) (3,161 )
NET ASSETS 93,924 20,165

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 93,824 20,065
SHAREHOLDERS' FUNDS 93,924 20,165

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.

Sims Building Limited (Registered number: 09518666)

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 5 August 2025 and were signed on its behalf by:




Mrs F H Sims - Director



D H Sims - Director


Sims Building Limited (Registered number: 09518666)

Notes to the Financial Statements
for the Year Ended 31 March 2025

1. STATUTORY INFORMATION

Sims Building 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 (£).


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 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.
Plant and machinery etc - 25% on cost and 15% on cost

Stocks
Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.


Sims Building Limited (Registered number: 09518666)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2025

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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 14 (2024 - 10 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2024 50,512
Additions 48,825
Disposals (1,422 )
At 31 March 2025 97,915
DEPRECIATION
At 1 April 2024 29,672
Charge for year 13,371
Eliminated on disposal (1,422 )
At 31 March 2025 41,621
NET BOOK VALUE
At 31 March 2025 56,294
At 31 March 2024 20,840

Sims Building Limited (Registered number: 09518666)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2025

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.25 31.3.24
£    £   
Amounts owed by group undertakings 2,086 2,086
Other debtors 400 1,291
2,486 3,377

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.25 31.3.24
£    £   
Trade creditors 16,249 -
Amounts owed to group undertakings 87,576 26,000
Taxation and social security 68,535 12,505
Other creditors 13,496 16,491
185,856 54,996

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
31.3.25 31.3.24
£    £   
Bank loans 24,906 30,776

8. RELATED PARTY DISCLOSURES

The company is a wholly owned subsidiary of W O Sims & Sons Group Ltd. The other member of this group is Sims Joinery Ltd which did not trade in th£e year.

£60,000 dividends were declared during the year, (2024: £nil).

At the end of the year, the company owed £87,576 to W O Sims & Sons Group Ltd , (2024: £26,000).

At the end of the year, the company was owed £2,086 by Sims Joinery Ltd, (2024: £2,086).

9. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mr D H Sims who owns 60% of this company's parent company, W O Sims & Sons Group Ltd.