RM SIMPSON (AG) LIMITED


Directors	SIMPSON, Carole Patricia
	SIMPSON, Jacob
	SIMPSON, Robert Miles


Registered Address	Copley Cottage Hunsworth Lane
	East Bierley
	Bradford
	BD4 6RL


Registered Number	08126961 (England and Wales)

Balance Sheet as at
31 December 2024

	Notes	2024		2023
		£	£	£	£
Fixed assets
Tangible assets	3		1,455,845		1,227,616
			1,455,845		1,227,616
Current assets
Stocks		13,200		-
Debtors	4	790,824		865,453
Cash at bank and on hand		194,829		339,690
		998,853		1,205,143
Creditors amounts falling due within one year	5	(759,484)		(893,318)
Net current assets (liabilities)			239,369		311,825
Total assets less current liabilities			1,695,214		1,539,441
Creditors amounts falling due after one year	6		(77,102)		(23,836)
Provisions for liabilities			(273,953)		(233,247)
Net assets			1,344,159		1,282,358
Capital and reserves
Called up share capital			100		100
Profit and loss account			1,344,059		1,282,258
Shareholders' funds			1,344,159		1,282,358

The company was entitled to exemption from audit for this reporting period under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The Directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have chosen to not file a copy of the company’s profit and loss account under section 444 (5A) Companies Act 2006.

The financial statements were approved and authorised for issue by the Board of Directors on 26 September 2025, and are signed on its behalf by:

SIMPSON, Robert Miles
Director
Registered Company No. 08126961

RM SIMPSON (AG) LIMITED

Notes to the Financial Statements
for the year ended 31 December 2024

1.	Accounting policies

	Statutory information
	The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the financial reporting standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	Turnover policy
	Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services.

	Defined contribution pension plan
	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.

	Current 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.

Current 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.

	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.

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.

	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.


		Reducing balance (%)
	Plant and machinery	25
	Fixtures and fittings	25
	Vehicles	25

	Stocks and work in progress
	Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. Work in progress is valued using the percentage of completion method and values are calculated using the lower of cost and estimated selling price less costs to complete and sell.

2.	Average number of employees


		2024		2023
	Average number of employees during the year	4		3

3.	Tangible fixed assets

	Plant & machinery	Vehicles	Fixtures & fittings	Total
	£	£	£	£
Cost or valuation
At 01 January 24	3,207,641	59,646	20,888	3,288,175
Additions	889,087	-	3,178	892,265
Disposals	(461,785)	-	-	(461,785)
At 31 December 24	3,634,943	59,646	24,066	3,718,655
Depreciation and impairment
At 01 January 24	2,018,567	27,547	14,445	2,060,559
Charge for year	474,849	8,025	2,405	485,279
On disposals	(283,028)	-	-	(283,028)
At 31 December 24	2,210,388	35,572	16,850	2,262,810
Net book value
At 31 December 24	1,424,555	24,074	7,216	1,455,845
At 31 December 23	1,189,074	32,099	6,443	1,227,616

4.	Debtors: amounts due within one year

	2024	2023
	£	£
Trade debtors / trade receivables	790,824	861,816
Other debtors	-	3,637
Total	790,824	865,453

5.	Creditors: amounts due within one year

	2024	2023
	£	£
Trade creditors / trade payables	70,074	137,507
Bank borrowings and overdrafts	10,000	10,000
Taxation and social security	71,634	170,662
Finance lease and HP contracts	98,703	50,973
Other creditors	509,073	524,176
Total	759,484	893,318

6.	Creditors: amounts due after one year

	2024	2023
	£	£
Bank borrowings and overdrafts	4,167	14,167
Other creditors	72,935	9,669
Total	77,102	23,836

7.	Secured creditors
	Included within creditors were hire purchase contacts of £171,638 (2023: £60,643). The hire purchase contracts are secured on the assets to which they relate.

8.	Directors advances, credits and guarantees
	Included within creditors: amounts falling due within one year were loans from the directors of £488,147 (2023: £507,295). The loans were interest free, with no fixed date for repayment. Under the BBLS scheme the government provided a 100% guarantee. As at the balance sheet date, this represented a bank loan guarantee of £14,167 (2023: 24,167).