REGISTERED NUMBER: 09333270 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST DECEMBER 2024

FOR

SIMPSON & PARTNERS LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

JB Barrett

AJ Simpson

T Feely

REGISTERED OFFICE:

43-45 High Street

Thrapston

Northamptonshire

NN14 4JJ

REGISTERED NUMBER:

09333270 (England and Wales)

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

9,752

13,938

9,752

13,938

CURRENT ASSETS

Debtors

6

219,563

65,789

Cash at bank and in hand

107,971

80,219

327,534

146,008

CREDITORS

Amounts falling due within one year

7

583,186

619,223

NET CURRENT LIABILITIES

(255,652

)

(473,215

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(245,900

)

(459,277

)

PROVISIONS FOR LIABILITIES

922

465

NET LIABILITIES

(246,822

)

(459,742

)

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

(246,922

)

(459,842

)

SHAREHOLDERS' FUNDS

(246,822

)

(459,742

)

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 Income Statement 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 & Partners 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 the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover represents net sales of services, excluding 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

-

20% on cost

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 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.

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.

Going concern

The financial statements have been prepared on a going concern basis not withstanding that at 31 December 2024 the company had net current liabilities of £255,652.

Based on the review, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Therefore, they continue to adopt the going concern basis of accounting in preparing the annual financial statements

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 16 (2023 - 16 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1st January 2024

and 31st December 2024

2,196,060

AMORTISATION

At 1st January 2024

and 31st December 2024

2,196,060

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

22,186

57,176

79,362

Additions

-

2,550

2,550

Disposals

-

(14,387

)

(14,387

)

At 31st December 2024

22,186

45,339

67,525

DEPRECIATION

At 1st January 2024

12,188

53,236

65,424

Charge for year

3,999

2,737

6,736

Eliminated on disposal

-

(14,387

)

(14,387

)

At 31st December 2024

16,187

41,586

57,773

NET BOOK VALUE

At 31st December 2024

5,999

3,753

9,752

At 31st December 2023

9,998

3,940

13,938

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

54,111

26,229

Amounts owed by group undertakings

76,118

-

Amounts recoverable on contract

27,118

1,251

Other debtors

62,216

38,309

219,563

65,789

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade creditors

30,007

26,920

Amounts owed to group undertakings

398,514

510,261

Taxation and social security

118,744

47,284

Other creditors

35,921

34,758

583,186

619,223

8.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

2024

2023

£

£

Within one year

23,843

20,798

Between one and five years

16,250

2,500

40,093

23,298

9.	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.