REGISTERED NUMBER: 01360077

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

FOR

SIMON WEST INTERIORS LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

N Seaman

D W Mahoney

REGISTERED OFFICE:

Hendon Street

Hendon

Sunderland

Tyne & Wear

REGISTERED NUMBER:

01360077

ACCOUNTANTS:

Robert Miller & Co.

Chartered Accountants

43a Front Street

Cleadon Village

Sunderland

SR6 7PG

FIXED ASSETS

Tangible assets

3

228,199

245,786

CURRENT ASSETS

Stocks

25,222

24,444

Debtors

4

174,539

106,102

Cash at bank and in hand

590,663

586,787

790,424

717,333

CREDITORS

Amounts falling due within one year

5

132,490

121,276

NET CURRENT ASSETS

657,934

596,057

TOTAL ASSETS LESS CURRENT LIABILITIES

886,133

841,843

CREDITORS

Amounts falling due after more than one year

6

(10,935

)

(20,927

)

PROVISIONS FOR LIABILITIES

(19,794

)

(19,035

)

NET ASSETS

855,404

801,881

CAPITAL AND RESERVES

Called up share capital

668

668

Revaluation reserve

7

123,921

123,921

Capital redemption reserve

333

333

Retained earnings

730,482

676,959

SHAREHOLDERS' FUNDS

855,404

801,881

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.

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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 12 August 2025 and were signed on its behalf by:

D W Mahoney - Director

1.	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.

Freehold property

-

2% on cost

Plant and machinery

-

10% on reducing balance

Motor vehicles

-

25% on reducing balance

Office equipment

-

10% on reducing balance

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.

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.

2.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 12 (2024 - 12 ) .

3.	TANGIBLE FIXED ASSETS

Freehold

Plant and

Motor

Office

property

machinery

vehicles

equipment

Totals

£

£

£

£

£

COST

At 1 April 2024

and 31 March 2025

200,000

136,268

62,394

15,449

414,111

DEPRECIATION

At 1 April 2024

54,400

70,690

33,274

9,961

168,325

Charge for year

3,200

6,558

7,280

549

17,587

At 31 March 2025

57,600

77,248

40,554

10,510

185,912

NET BOOK VALUE

At 31 March 2025

142,400

59,020

21,840

4,939

228,199

At 31 March 2024

145,600

65,578

29,120

5,488

245,786

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

165,246

96,800

Other debtors

9,293

9,302

174,539

106,102

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

9,823

9,823

Trade creditors

16,168

23,030

Taxation and social security

52,433

50,587

Other creditors

54,066

37,836

132,490

121,276

6.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans

10,935

20,927

7.

RESERVES

Revaluation

reserve

£

At 1 April 2024

and 31 March 2025

123,921