REGISTERED NUMBER: 04413816 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

G. SIMMONS & SONS LTD.

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTORS:

G M Simmons

S N Simmons

T P Simmons

Mrs L J Cross

SECRETARY:

S N Simmons

REGISTERED OFFICE:

Unit 7

Newfield Close

Off Green Lane

Walsall

West Midlands

WS2 7PB

REGISTERED NUMBER:

04413816 (England and Wales)

ACCOUNTANTS:

Crombies Accountants Limited

Chartered Accountants

34 Waterloo Road

Wolverhampton

West Midlands

WV1 4DG

FIXED ASSETS

Tangible assets

4

141,940

140,472

CURRENT ASSETS

Stocks

38,075

23,560

Debtors

5

578,662

291,822

Prepayments and accrued income

15,386

10,312

Cash at bank and in hand

668,533

903,146

1,300,656

1,228,840

CREDITORS

Amounts falling due within one year

6

646,860

424,531

NET CURRENT ASSETS

653,796

804,309

TOTAL ASSETS LESS CURRENT LIABILITIES

795,736

944,781

PROVISIONS FOR LIABILITIES

33,000

32,000

NET ASSETS

762,736

912,781

CAPITAL AND RESERVES

Called up share capital

35,024

35,024

Retained earnings

727,712

877,757

SHAREHOLDERS' FUNDS

762,736

912,781

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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.

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 3 March 2025 and were signed on its behalf by:

S N Simmons - Director

1.	STATUTORY INFORMATION

G. Simmons & Sons 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 preparation of 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 principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.

Revenue recognition

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

Revenue is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them.

Tangible fixed assets and depreciation

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Land and buildings

-

straight line over lease term

Plant and machinery etc

-

15% on cost and 10% on cost

Stocks and work in progress

Stock and work in progress is valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost is taken as production cost, which includes a relevant proportion of overheads according to the stage of manufacture/completion.

Deferred taxation

Deferred taxation is provided on the liability method to take account of timing differences between the treatment of certain items for accounts purposes and their treatment for tax purposes.

Tax deferred or accelerated is accounted for in respect of all material timing differences.

Hire purchase and leasing contracts

Assets obtained under hire purchase contracts and finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in creditors net of the finance charge allocated to future periods.The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account on a straight line basis.

Pension costs

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 39 (2023 - 37 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1 January 2024

23,864

518,761

542,625

Additions

-

40,420

40,420

At 31 December 2024

23,864

559,181

583,045

DEPRECIATION

At 1 January 2024

11,990

390,163

402,153

Charge for year

1,848

37,104

38,952

At 31 December 2024

13,838

427,267

441,105

NET BOOK VALUE

At 31 December 2024

10,026

131,914

141,940

At 31 December 2023

11,874

128,598

140,472

5.

DEBTORS

2024

2023

£

£

Trade debtors

143,770

275,230

Amounts owed by group undertakings

401,229

-

Other debtors

33,663

16,592

578,662

291,822

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade creditors

125,014

76,578

Taxation and social security

308,036

264,378

Other creditors

213,810

83,575

646,860

424,531

7.	ULTIMATE HOLDING COMPANY

The company's ultimate holding company is G Simmons & Sons Holdings Limited, a company registered in England and Wales whose registered office is located at Unit 7 Newfield Close, Walsall, England, WS2 7PB.