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REGISTERED NUMBER: 08489209 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 28 FEBRUARY 2025

FOR

SIMPSON LOGISTIC SERVICES LIMITED

SIMPSON LOGISTIC SERVICES LIMITED (REGISTERED NUMBER: 08489209)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2025




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


SIMPSON LOGISTIC SERVICES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 28 FEBRUARY 2025







Director: Mr M Simpson





Registered office: St George's
Blackhorse Lane
Shirrell Heath
Southampton
Hampshire
SO32 2HT





Registered number: 08489209 (England and Wales)





Accountants: M Squared Accounting Ltd
Botley Mills
Mill Hill
Botley
Southampton
Hampshire
SO30 2GB

SIMPSON LOGISTIC SERVICES LIMITED (REGISTERED NUMBER: 08489209)

BALANCE SHEET
28 FEBRUARY 2025

2025 2024
Notes £    £    £    £   
Fixed assets
Intangible assets 4 5,175 5,690
Tangible assets 5 10,786 51,734
15,961 57,424

Current assets
Stocks 10,155 8,816
Debtors 6 18,171 43,647
Cash at bank 6 35
28,332 52,498
Creditors
Amounts falling due within one year 7 117,310 120,101
Net current liabilities (88,978 ) (67,603 )
Total assets less current liabilities (73,017 ) (10,179 )

Creditors
Amounts falling due after more than one
year

8

7,500

22,526
Net liabilities (80,517 ) (32,705 )

Capital and reserves
Called up share capital 100 100
Retained earnings (80,617 ) (32,805 )
Shareholders' funds (80,517 ) (32,705 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2025 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.

SIMPSON LOGISTIC SERVICES LIMITED (REGISTERED NUMBER: 08489209)

BALANCE SHEET - continued
28 FEBRUARY 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 24 July 2025 and were signed by:





Mr M Simpson - Director


SIMPSON LOGISTIC SERVICES LIMITED (REGISTERED NUMBER: 08489209)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2025

1. STATUTORY INFORMATION

Simpson Logistic 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.

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.

The director considers that, notwithstanding the company's negative net assets position, it is appropriate to prepare the accounts on a going concern basis as the company will be able to continue to meet its liabilities as they fall due, due to the continuing support of the director.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2013, is being amortised evenly over its estimated useful life of twenty years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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 - 25% on reducing balance and 10% on reducing balance
Motor vehicles - 25% on reducing balance

Stocks
Work in progress is valued at the lower of cost and net realisable value.

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 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.


SIMPSON LOGISTIC SERVICES LIMITED (REGISTERED NUMBER: 08489209)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28 FEBRUARY 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
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.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2024 - 10 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 March 2024
and 28 February 2025 10,300
AMORTISATION
At 1 March 2024 4,610
Amortisation for year 515
At 28 February 2025 5,125
NET BOOK VALUE
At 28 February 2025 5,175
At 29 February 2024 5,690

SIMPSON LOGISTIC SERVICES LIMITED (REGISTERED NUMBER: 08489209)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28 FEBRUARY 2025

5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor
machinery fittings vehicles Totals
£    £    £    £   
COST
At 1 March 2024 106,150 3,750 109,700 219,600
Disposals (98,908 ) - (81,700 ) (180,608 )
At 28 February 2025 7,242 3,750 28,000 38,992
DEPRECIATION
At 1 March 2024 96,728 - 71,138 167,866
Charge for year 129 - 2,215 2,344
Eliminated on disposal (90,006 ) - (51,998 ) (142,004 )
At 28 February 2025 6,851 - 21,355 28,206
NET BOOK VALUE
At 28 February 2025 391 3,750 6,645 10,786
At 29 February 2024 9,422 3,750 38,562 51,734

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 1 March 2024 104,637 81,700 186,337
Disposals (98,908 ) (81,700 ) (180,608 )
At 28 February 2025 5,729 - 5,729
DEPRECIATION
At 1 March 2024 95,493 51,998 147,491
Charge for year 60 - 60
Eliminated on disposal (90,006 ) (51,998 ) (142,004 )
At 28 February 2025 5,547 - 5,547
NET BOOK VALUE
At 28 February 2025 182 - 182
At 29 February 2024 9,144 29,702 38,846

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Trade debtors 18,171 16,627
Other debtors - 27,020
18,171 43,647

SIMPSON LOGISTIC SERVICES LIMITED (REGISTERED NUMBER: 08489209)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28 FEBRUARY 2025

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Bank loans and overdrafts 49,538 39,439
Hire purchase contracts 6,264 17,246
Trade creditors 5,243 9,351
Taxation and social security 44,589 48,222
Other creditors 11,676 5,843
117,310 120,101

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2025 2024
£    £   
Bank loans 7,500 22,526

9. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 28 February 2025 and 29 February 2024:

2025 2024
£    £   
Mr M Simpson
Balance outstanding at start of year 27,020 31,929
Amounts advanced 40,070 34,405
Amounts repaid (68,459 ) (12,314 )
Amounts written off - (27,000 )
Amounts waived - -
Balance outstanding at end of year (1,369 ) 27,020

Interest has been charged on this loan at 2.25%, calculated using the averaging method.

10. ULTIMATE CONTROLLING PARTY

The controlling party is Mr M Simpson.