W. B. Simpson & Sons (Midlands) Limited 31/12/2024 iXBRL

Company registration number: 4561260

W. B. Simpson & Sons (Midlands) Limited

Unaudited filleted abridged financial statements

31 December 2024

W. B. Simpson & Sons (Midlands) Limited

Contents

Directors and other information

Accountant's report

Abridged statement of financial position

Statement of changes in equity

Notes to the financial statements

W. B. Simpson & Sons (Midlands) Limited

Directors and other information


	Directors
	Directors	Mr Aiden Flanagan
		Mr A. Parrott


	Company number	4561260


	Registered office	St Martin's House
		27-29 Ormside Way
		Holmethorpe Industrial Estate
		Redhill, Surrey
		RH1 2LT


	Business address	Unit 2a, Davidsons Court
		Siskin Parkway East
		Middlemarch Business Park
		CV3 4PE


	Accountant	S Nunn and Co Limited
		Unit 2, Guards Avenue
		Caterham
		Surrey
		CR3 5XL

W. B. Simpson & Sons (Midlands) Limited

Chartered accountant's report to the board of directors on the preparation of the

unaudited statutory financial statements of W. B. Simpson & Sons (Midlands) Limited

Year ended 31 December 2024

In order to assist you to fulfil your duties under the Companies Act 2006, I have prepared for your approval the financial statements of W. B. Simpson & Sons (Midlands) Limited for the year ended 31 December 2024 which comprise the abridged statement of financial position, statement of changes in equity and related notes from the company's accounting records and from information and explanations you have given me.

As a practising member of the Institute of Chartered Accountants in England and Wales (ICAEW), I am subject to its ethical and other professional requirements which are detailed at http://www.icaew.com /en/members/regulations-standards-and-guidance/.

This report is made solely to the board of directors of W. B. Simpson & Sons (Midlands) Limited, as a body, in accordance with the terms of my engagement letter. My work has been undertaken solely to prepare for your approval the financial statements of W. B. Simpson & Sons (Midlands) Limited and state those matters that we have agreed to state to the board of directors of W. B. Simpson & Sons (Midlands) Limited as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than W. B. Simpson & Sons (Midlands) Limited and its board of directors as a body for my work or for this report.

It is your duty to ensure that W. B. Simpson & Sons (Midlands) Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of W. B. Simpson & Sons (Midlands) Limited. You consider that W. B. Simpson & Sons (Midlands) Limited is exempt from the statutory audit requirement for the year.

I have not been instructed to carry out an audit or a review of the financial statements of W. B. Simpson & Sons (Midlands) Limited. For this reason, I have not verified the accuracy or completeness of the accounting records or information and explanations you have given to me and I do not, therefore, express any opinion on the statutory financial statements.

S Nunn and Co Limited

Chartered Accountants

Unit 2, Guards Avenue

Caterham

Surrey

CR3 5XL

1 June 2025

W. B. Simpson & Sons (Midlands) Limited

Abridged statement of financial position

31 December 2024

		2024		2023
	Note	£	£	£	£

Fixed assets
Tangible assets	5	70,814		36,191
		_______		_______
			70,814		36,191

Current assets
Debtors		191,839		847,258
Cash at bank and in hand		546,829		22,833
		_______		_______
		738,668		870,091
Creditors: amounts falling due
within one year		( 240,232)		( 196,039)
		_______		_______
Net current assets			498,436		674,052
			_______		_______
Total assets less current liabilities			569,250		710,243


Provisions for liabilities			( 16,654)		( 7,928)

			_______		_______
Net assets			552,596		702,315
			_______		_______

Capital and reserves
Called up share capital			25		42
Other reserves			75		58
Profit and loss account			552,496		702,215
			_______		_______
Shareholders funds			552,596		702,315
			_______		_______

For the year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the abridged statement of comprehensive income has not been delivered.

All of the members have consented to the preparation of the abridged statement of comprehensive income and the abridged statement of financial position for the current year ending 31 December 2024 in accordance with Section 444(2A) of the Companies Act 2006.

These financial statements were approved by the board of directors and authorised for issue on 01 June 2025 , and are signed on behalf of the board by:

Mr A. Parrott

Director

Company registration number: 4561260

W. B. Simpson & Sons (Midlands) Limited

Statement of changes in equity

Year ended 31 December 2024

	Called up share capital	Capital redemption reserve	Profit and loss account	Total
	£	£	£	£


At 1 January 2023	50	50	839,473	839,573

Profit for the year			70,742	70,742
	_______	_______	_______	_______
Total comprehensive income for the year	-	-	70,742	70,742

Redemption of shares	( 8)	8	( 208,000)	( 208,000)
	_______	_______	_______	_______
Total investments by and distributions to owners	( 8)	8	( 208,000)	( 208,000)

	_______	_______	_______	_______
At 31 December 2023 and 1 January 2024	42	58	702,215	702,315

Profit for the year			292,281	292,281
	_______	_______	_______	_______
Total comprehensive income for the year	-	-	292,281	292,281

Dividends paid and payable			( 442,000)	( 442,000)
Redemption of shares	( 17)	17	-	-
	_______	_______	_______	_______
Total investments by and distributions to owners	( 17)	17	( 442,000)	( 442,000)

	_______	_______	_______	_______
At 31 December 2024	25	75	552,496	552,596
	_______	_______	_______	_______

W. B. Simpson & Sons (Midlands) Limited

Notes to the financial statements

Year ended 31 December 2024

1. General information

The company is a private company limited by shares, registered in England. The address of the registered office is St Martin's House, 27-29 Ormside Way, Holmethorpe Industrial Estate, Redhill, Surrey, RH1 2LT.

2. Statement of compliance

These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Turnover

Turnover is measured at the fair value of the consideration receivable for goods supplied and services rendered, net of discounts and Value Added Tax.

Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Taxation

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised 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 is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.

Tangible assets

tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:


Fittings fixtures and equipment	-	25 %	reducing balance
Motor vehicles	-	25 %	reducing balance

If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates .

Impairment

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

Construction contracts

Where the outcome of construction contracts can be reliably estimated, contract revenue and contract costs are recognised by reference to the stage of completion of the contract activity as at the period end. Where the outcome of construction contracts cannot be estimated reliably, revenue is recognised to the extent of contract costs incurred that it is probable will be recoverable, and contract costs are recognised as an expense in the period in which they are incurred. The entity uses the percentage of completion method to determine the amounts to be recognised in the period. The stage of completion is measured by reference to the contract costs incurred up to the end of the reporting period as a percentage of total estimated costs for each contract. Costs incurred for work performed to date do not include costs relating to future activity, such as for materials or prepayments.

Provisions

Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event; it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised in finance costs in profit or loss in the period it arises.

Financial instruments

Basic financial instruments are recognised at amortised cost using the effective interest method, except for investments in non-convertible and non-puttable preference and ordinary shares, which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value, with changes recognised in profit or loss.

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 17 (2023: 16 ).

5. Tangible assets


		£
	Cost
	At 1 January 2024	95,952
	Additions	45,500
		_______
	At 31 December 2024	141,452
		_______
	Depreciation
	At 1 January 2024	59,761
	Charge for the year	10,877
		_______
	At 31 December 2024	70,638
		_______
	Carrying amount
	At 31 December 2024	70,814
		_______
	At 31 December 2023	36,191
		_______

6. Related party transactions

During the year the company entered into the following transactions with related parties:

	Transaction value		Balance owed by/(owed to)
	2024	2023	2024	2023
	£	£	£	£
Trafalgar Properties Limited	( 24,000)	( 24,000)	( 2,400)	( 2,400)
Domus Facades Limited	-	-	-	( 4,218)
	_______	_______	_______	_______

During the year, dividends of £nil (2023: £nil) were paid to directors of the company. Management charges of £24,000 (2023: £24,000) were paid to Trafalgar Properties Limited with whom there is a common director and shareholder. At the year end, the company owed £2,400 (2023:£2,400) to Trafalgar Properties Limited and owed £4,218 (2022: £4,218) to Domus Facades Limited.

7. Controlling party

The directors do not believe there to be any ultimate controlling party .