Simpex Express Limited - Filleted accounts

Registered number

06973441

Simpex Express Limited

Report and Unaudited Accounts

31 May 2025

Collins

Chartered Accountants

West Midlands

Simpex Express Limited
Registered number:		06973441
Balance Sheet
as at 31 May 2025

		31-May		31-May
Notes		2025		2024
		£	£	£	£
Fixed assets
Tangible assets	3		45,264		53,211

Current assets
Debtors	4	1,349,628		1,432,387
Cash at bank and in hand		298,654		346,577
		1,648,282		1,778,964

Creditors: amounts falling due within one year	5	(1,214,210)		(1,397,965)

Net current assets			434,072		380,999

Total assets less current liabilities			479,336		434,210


Provisions for liabilities			(11,316)		(13,303)

Net assets			468,020		420,907

Capital and reserves
Called up share capital			100		100
Profit and loss account			467,920		420,807

Shareholders' funds			468,020		420,907

The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.



S K Beechener
Director
Approved by the board on 2 October 2025

Simpex Express Limited
Notes to the Accounts
for the year ended 31 May 2025


1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102 (as applicable to small companies), The Financial Reporting Standard applicable in the UK and Republic of Ireland.

	Turnover
	Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover comprises revenue earned from the provision of services.,which is recognised when the service is performed.

	Tangible fixed assets
	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets,at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

	Short Leasehold	20% on cost
	Plant and machinery	25% on reducing balance
	Fixtures and fittings	15% on reducing balance

	Investments
	Investments in subsidiaries are measured at cost less any accumulated impairment losses.

	Debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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 is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.Current and deferred tax assets and liabilities are not discounted.

	Foreign currency translation
	Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

	Leased assets
	A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership. All other leases are classified as operating leases. The rights of use and obligations under finance leases are initially recognised as assets and liabilities at amounts equal to the fair value of the leased assets or, if lower, the present value of the minimum lease payments. Minimum lease payments are apportioned between the finance charge and the reduction in the outstanding liability using the effective interest rate method. The finance charge is allocated to each period during the lease so as to produce a constant periodic rate of interest on the remaining balance of the liability. Leased assets are depreciated in accordance with the company's policy for tangible fixed assets. If there is no reasonable certainty that ownership will be obtained at the end of the lease term, the asset is depreciated over the lower of the lease term and its useful life. Operating lease payments are recognised as an expense on a straight line basis over the lease term.

	Pensions
	Contributions to defined contribution plans are expensed in the period to which they relate.


2	Employees			2025		2024
Number					Number

	Average number of persons employed by the company			19		16


3	Tangible fixed assets
		Land and buildings		Plant and machinery etc		Total
£			£		£
	Cost
	At 1 June 2024	22,794		143,650		166,444
	Additions	-		11,061		11,061
	Disposals	-		(58,281)		(58,281)
	At 31 May 2025	22,794		96,430		119,224

	Depreciation
	At 1 June 2024	22,794		90,439		113,233
	Charge for the year	-		19,008		19,008
	On disposals	-		(58,281)		(58,281)
	At 31 May 2025	22,794		51,166		73,960

	Net book value
	At 31 May 2025	-		45,264		45,264
	At 31 May 2024	-		53,211		53,211




4	Debtors			2025		2024
£					£

	Trade debtors			1,165,676		1,283,122
	Amounts owed by group undertakings			79,212		84,915
	Prepayments and accrued income			66,425		45,144
	Other debtors			38,315		19,206
				1,349,628		1,432,387


5	Creditors: amounts falling due within one year			2025		2024
£					£

	Trade creditors			1,012,220		983,874
	Corporation tax			85,031		292,774
	Other taxes and social security costs			40,718		33,362
	Directors loans			154		764
	Accruals and deferred income			13,087		24,191
	Amount due to group undertakings			63,000		63,000
				1,214,210		1,397,965


6	Other financial commitments			2025		2024
£					£

	Total future minimum payments under non-cancellable operating leases			103,446		139,427


7	Related party transactions

	An amount of £154 (2024 £764) was due to the related party,S K Beechener - director, at the balance sheet date.

8	Controlling party

	The company is a wholly owned subsidiary of EJR Group Limited a company incorporated in England & Wales.The registered office of the company is The Lodge,Chester Road,Castle Bromwich,Birmingham, West Midlands. B36 9DE.


9	Other information

	Simpex Express Limited is a private company limited by shares and incorporated in England. Its registered office is:
	The Lodge,Chester Road,
	Castle Bromwich
	Birmingham
	West Midlands
	B36 9DE