REGISTERED NUMBER: 01430829 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 December 2024

for

Simbal Limited

Page

Balance Sheet

1

Notes to the Financial Statements

2

FIXED ASSETS

Tangible assets

4

159,140

159,808

CURRENT ASSETS

Stocks

405,888

554,154

Debtors

5

1,959,487

1,617,198

Cash at bank and in hand

2,265

44,632

2,367,640

2,215,984

CREDITORS

Amounts falling due within one year

6

1,266,740

1,308,989

NET CURRENT ASSETS

1,100,900

906,995

TOTAL ASSETS LESS CURRENT LIABILITIES

1,260,040

1,066,803

CREDITORS

Amounts falling due after more than one year

7

(35,983

)

(76,842

)

PROVISIONS FOR LIABILITIES

(29,565

)

(23,316

)

NET ASSETS

1,194,492

966,645

CAPITAL AND RESERVES

Called up share capital

2,220

2,220

Capital redemption reserve

2,280

2,280

Retained earnings

1,189,992

962,145

SHAREHOLDERS' FUNDS

1,194,492

966,645

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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 16 September 2025 and were signed on its behalf by:

C Olivi - Director

1.	STATUTORY INFORMATION

Simbal Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number:

01430829

Registered office:

Unit 1&2

Bowden Hey Road

Chapel-en-le-frith

High Peak

Derbyshire

SK23 0QZ

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.

Revenue is recognised as the company becomes entitled to consideration for the goods and services supplied. Therefore, turnover also includes the element of work completed but not yet invoiced.

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.

Improvements to property

-

25% on reducing balance and 10% on reducing balance

Plant and machinery

-

20% on reducing balance and 10% on reducing balance

Motor vehicles

-

20% on reducing balance

Computer equipment

-

33.33% on reducing balance, 25% on reducing balance and 20% on reducing balance

Stocks

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

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.

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.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

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.

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 13 (2023 - 12 ) .

4.	TANGIBLE FIXED ASSETS

Improvements

to

Plant and

Motor

Computer

property

machinery

vehicles

equipment

Totals

£

£

£

£

£

COST

At 1 January 2024

85,193

49,430

120,255

131,646

386,524

Additions

-

-

24,650

27,123

51,773

Disposals

-

(588

)

(46,136

)

(33,938

)

(80,662

)

At 31 December 2024

85,193

48,842

98,769

124,831

357,635

DEPRECIATION

At 1 January 2024

70,652

14,229

50,641

91,194

226,716

Charge for year

1,829

3,704

15,818

16,051

37,402

Eliminated on disposal

-

(228

)

(32,569

)

(32,826

)

(65,623

)

At 31 December 2024

72,481

17,705

33,890

74,419

198,495

NET BOOK VALUE

At 31 December 2024

12,712

31,137

64,879

50,412

159,140

At 31 December 2023

14,541

35,201

69,614

40,452

159,808

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Motor

vehicles

£

COST

At 1 January 2024

101,355

Disposals

(27,236

)

At 31 December 2024

74,119

DEPRECIATION

At 1 January 2024

32,301

Charge for year

13,288

Eliminated on disposal

(14,163

)

At 31 December 2024

31,426

NET BOOK VALUE

At 31 December 2024

42,693

At 31 December 2023

69,054

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

622,931

416,342

Amounts owed by group undertakings

1,287,566

1,156,748

Other debtors

48,990

44,108

1,959,487

1,617,198

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Bank loans and overdrafts

10,404

10,149

Hire purchase contracts

17,680

20,168

Trade creditors

262,011

376,987

Taxation and social security

347,395

361,458

Other creditors

629,250

540,227

1,266,740

1,308,989

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024

2023

£

£

Bank loans

4,394

14,798

Hire purchase contracts

31,589

62,044

35,983

76,842

8.	SECURED DEBTS

The following secured debts are included within creditors:

2024

2023

£

£

Hire purchase contracts

49,269

82,212

Invoice discounting account

607,122

479,349

656,391

561,561

The invoice discounting creditor is secured by fixed and floating charges over all the property and undertaking of the company.

Hire purchase creditors are secured on the related fixed assets.

9.	ULTIMATE CONTROLLING PARTY

The controlling party is Simbal North West Limited.