REGISTERED NUMBER: 04649202 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST DECEMBER 2024

FOR

SIMPSON & WEEKLEY LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

AJ Simpson

M J Weekley

JB Barrett

REGISTERED OFFICE:

43-45 High Street

Thrapston

Northamptonshire

NN14 4JJ

REGISTERED NUMBER:

04649202 (England and Wales)

ACCOUNTANTS:

Bewers Turner & Co LLP

Chartered Accountants

Portland House

11-13 Station Road

Kettering

Northamptonshire

NN15 7HH

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

307,911

318,701

307,911

318,701

CURRENT ASSETS

Debtors

6

337,215

694,480

Cash at bank and in hand

395,273

287,845

732,488

982,325

CREDITORS

Amounts falling due within one year

7

866,045

1,103,407

NET CURRENT LIABILITIES

(133,557

)

(121,082

)

TOTAL ASSETS LESS CURRENT LIABILITIES

174,354

197,619

CREDITORS

Amounts falling due after more than one year

8

89,908

123,211

NET ASSETS

84,446

74,408

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

84,346

74,308

SHAREHOLDERS' FUNDS

84,446

74,408

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st 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 30th September 2025 and were signed on its behalf by:

AJ Simpson - Director

1.	STATUTORY INFORMATION

Simpson & Weekley Limited 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.

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 represents net sales of services net of value added tax.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2014, is being amortised evenly over its estimated useful life of eight 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 each asset over its estimated useful life.

Land and buildings

-

in accordance with the property

Plant and machinery etc

-

25% on cost

Financial instruments

The company is party to only the basic financial instruments such as cash, trade debtors and creditors and loans. Instruments such as trade debtors and trade creditors are initially recognised at their transaction cost and reviewed at the year end for impairment. Debt instruments not repayable on demand or due within one year, such as bank loans, are measured at amortised cost using the effective interest rate.

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 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.

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.

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 14 (2023 - 13 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1st January 2024

and 31st December 2024

3,057,516

AMORTISATION

At 1st January 2024

and 31st December 2024

3,057,516

NET BOOK VALUE

At 31st December 2024

-

At 31st December 2023

-

5.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1st January 2024

345,677

61,425

407,102

Additions

-

4,827

4,827

At 31st December 2024

345,677

66,252

411,929

DEPRECIATION

At 1st January 2024

39,167

49,234

88,401

Charge for year

6,914

8,703

15,617

At 31st December 2024

46,081

57,937

104,018

NET BOOK VALUE

At 31st December 2024

299,596

8,315

307,911

At 31st December 2023

306,510

12,191

318,701

Included in plant and machinery are assets with a net book value of £3,442 (2023 £9,342) that are on HP finance.

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

44,556

28,200

Amounts owed by group undertakings

266,173

653,947

Amounts recoverable on contract

7,933

8,333

Other debtors

18,553

4,000

337,215

694,480

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Bank loans and overdrafts

20,889

31,726

Hire purchase contracts (see note 9)

12,528

3,071

Trade creditors

26,336

13,313

Amounts owed to group undertakings

369,522

41

Taxation and social security

210,265

102,313

Other creditors

226,505

952,943

866,045

1,103,407

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024

2023

£

£

Bank loans

89,908

110,683

Hire purchase contracts (see note 9)

-

12,528

89,908

123,211

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more than 5 years

by instalment

53,079

60,077

53,079

60,077

9.	LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase

contracts

2024

2023

£

£

Net obligations repayable:

Within one year

12,528

3,071

Between one and five years

-

12,528

12,528

15,599

Non-cancellable

operating leases

2024

2023

£

£

Within one year

1,976

6,805

Between one and five years

-

4,893

1,976

11,698

10.	SECURED DEBTS

The following secured debts are included within creditors:

2024

2023

£

£

Hire purchase contracts

12,528

15,599

Bank loan

4,351

20,805

Bank loan

88,114

93,429

104,993

129,833

Bank loans are secured against the assets of the company. Hire purchase contracts are secured against the asset on finance. In addition, the company has a Bounceback loan with an amount outstanding at the year end of £18,333 (2023 £28,333)

11.	RELATED PARTY DISCLOSURES

All material related party transactions with owners holding a participating interest, companies in which the entity has a participating interest and directors were all concluded under normal market conditions.