REGISTERED NUMBER: 07747991 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

SIMKAL LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

V Weber

K J Weber

REGISTERED OFFICE:

4 - 7 Market Hall Market Square

Lytham St Annes

Lancashire

FY8 5LW

REGISTERED NUMBER:

07747991 (England and Wales)

ACCOUNTANTS:

Fairhurst Accountants Ltd

Chartered Accountants

Douglas Bank House

Wigan Lane

Wigan

Lancashire

WN1 2TB

FIXED ASSETS

Intangible assets

4

2,053

2,823

Tangible assets

5

96,361

105,146

98,414

107,969

CURRENT ASSETS

Debtors

6

12,720

12,602

Cash at bank

13,907

89,517

26,627

102,119

CREDITORS

Amounts falling due within one year

7

92,917

110,510

NET CURRENT LIABILITIES

(66,290

)

(8,391

)

TOTAL ASSETS LESS CURRENT LIABILITIES

32,124

99,578

CREDITORS

Amounts falling due after more than one year

8

24,161

33,234

NET ASSETS

7,963

66,344

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

7,863

66,244

SHAREHOLDERS' FUNDS

7,963

66,344

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 18 September 2025 and were signed on its behalf by:

K J Weber - Director

1.	STATUTORY INFORMATION

Simkal 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.

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 receivable for goods sold and services provided.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2017, is being amortised evenly over its estimated useful life of ten 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 the cost less estimated residual value of each asset over its estimated useful life.

Improvements to property

-

10 years

Computer equipment

-

25% on cost

Motor vehicles

-

25% on reducing balance

Website

-

10% on cost

Financial instruments

Short term financial liabilities, including directors current accounts, are measured at the transaction price. Financial liabilities that have no stated interest rate and are payable on demand shall be measured at the undiscounted amount due.

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 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.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 3 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 January 2024

and 31 December 2024

7,700

AMORTISATION

At 1 January 2024

4,877

Charge for year

770

At 31 December 2024

5,647

NET BOOK VALUE

At 31 December 2024

2,053

At 31 December 2023

2,823

5.	TANGIBLE FIXED ASSETS

Improvements

to

Computer

Motor

property

equipment

vehicles

Website

Totals

£

£

£

£

£

COST

At 1 January 2024

101,842

7,338

33,009

2,911

145,100

Additions

6,116

1,570

-

-

7,686

At 31 December 2024

107,958

8,908

33,009

2,911

152,786

DEPRECIATION

At 1 January 2024

12,984

4,751

20,381

1,838

39,954

Charge for year

10,796

2,227

3,157

291

16,471

At 31 December 2024

23,780

6,978

23,538

2,129

56,425

NET BOOK VALUE

At 31 December 2024

84,178

1,930

9,471

782

96,361

At 31 December 2023

88,858

2,587

12,628

1,073

105,146

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Other debtors

12,720

12,602

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Bank loans and overdrafts

4,778

4,778

Hire purchase contracts

4,296

3,946

Trade creditors

50,212

63,293

Social security and other taxes

6,615

13,038

Other creditors

5,541

5,541

Directors' current accounts

20,425

19,491

Accruals and deferred income

1,050

423

92,917

110,510

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024

2023

£

£

Bank loans

21,102

25,879

Hire purchase contracts

3,059

7,355

24,161

33,234

9.	SECURED DEBTS

The following secured debts are included within creditors:

2024

2023

£

£

Hire purchase contracts

7,355

11,301

The hire purchase contracts are secured on the assets concerned.

10.	OTHER FINANCIAL COMMITMENTS

The company has operating lease commitments totalling £181,250 (2022: £211,250).