Simer Environmental Services Limited

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—5

Registered number: 01297168

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		88,547		78,485

			88,547		78,485
CURRENT ASSETS
Stocks	5	15,490		13,100
Debtors	6	415,121		540,380
Cash at bank and in hand		770,175		712,870

		1,200,786		1,266,350
Creditors: Amounts Falling Due Within One Year	7	(258,223 )		(302,596 )

NET CURRENT ASSETS (LIABILITIES)			942,563		963,754

TOTAL ASSETS LESS CURRENT LIABILITIES			1,031,110		1,042,239

PROVISIONS FOR LIABILITIES
Deferred Taxation	8		(19,371 )		(17,335 )

NET ASSETS			1,011,739		1,024,904

CAPITAL AND RESERVES
Called up share capital	9		20,000		20,000
Profit and Loss Account			991,739		1,004,904

SHAREHOLDERS' FUNDS			1,011,739		1,024,904

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Simer Environmental Services Limited

Balance Sheet (continued)

As At 31 March 2025

For the year ending 31 March 2025 the company was entitled to exemption from audit 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 and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Mr I J Coomber Director	Mrs M L Wood Director
30/09/2025

The notes on pages 3 to 5 form part of these financial statements.

1. General Information

Simer Environmental Services Limited is a private company, limited by shares, incorporated in England & Wales, registered number 01297168 . The registered office is 81 High Street, Cosham, Hampshire, PO6 3BL. The principal activity of the company during the year was that of providing refrigeration and air-conditioning supply and maintenance.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The accounts have been prepared under the historical cost convention and are in accordance with FRS102 including section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 as applicable to the small company regime. The disclosure requirements of Section 1A of FRS have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in pounds sterling, the functional currency of the company. Monetary amounts in the financial statements are rounded to the nearest £.

2.2. Turnover

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. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services

Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.3. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Plant & Machinery	Straight line 6%
Motor Vehicles	Straight line 25%
Fixtures & Fittings	Straight line 15%

2.4. Stocks and Work in Progress

Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.

2.5. Taxation

Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

...CONTINUED

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Simer Environmental Services Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

2.5. Taxation - continued

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.

Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.

2.6. Pensions

When employees have rendered service to the company, short-term employee benefits to which the employees are entitled are recognised at the undiscounted amount expected to be paid in exchange for that service. The company also operates a defined contribution pension scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 15 (2024: 15)

4. Tangible Assets

	Plant & Machinery	Motor Vehicles	Fixtures & Fittings	Total
	£	£	£	£
Cost
As at 1 April 2024	9,198	285,730	186,305	481,233
Additions	-	32,521	1,248	33,769
Disposals	-	(32,645 )	-	(32,645 )

As at 31 March 2025	9,198	285,606	187,553	482,357

Depreciation
As at 1 April 2024	552	240,618	161,578	402,748
Provided during the period	519	15,037	8,151	23,707
Disposals	-	(32,645 )	-	(32,645 )

As at 31 March 2025	1,071	223,010	169,729	393,810

Net Book Value
As at 31 March 2025	8,127	62,596	17,824	88,547

As at 1 April 2024	8,646	45,112	24,727	78,485

5. Stocks

	2025	2024
	£	£
Work in progress	15,490	13,100

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Simer Environmental Services Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

6. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	386,719	491,770
Prepayments and accrued income	28,402	47,939
Factoring	-	671

	415,121	540,380

Amounts recoverable on long term contracts and contracts for on-going services, which are included in debtors, are stated at the net sales value of work done after provisions for contingencies and anticipated future losses on contracts, less amounts received as progress payments on account. Excess progress on account payments are included in creditors as payments received on account.

7. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Trade creditors	132,764	142,218
Corporation tax	-	20,920
Other taxes and social security	27,220	52,028
VAT	46,958	52,573
Factoring account	11,569	-
Credit card	4,679	4,320
Pension control	6,674	2,363
Accruals and deferred income	6,359	6,174
Directors' loan accounts	22,000	22,000

	258,223	302,596

8. Deferred Taxation

The provision for deferred tax is made up as follows:

	2025	2024
	£	£
Other timing differences	19,371	17,335

9. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	20,000	20,000

10. Related Party Transactions

The immediate parent undertaking is Qubic Fiduciaries Limited in its capacity as trustee of The Simer Environmental Services Employee Ownership Trust, that owns 100% of the company's share capital. Qubic Fiduciaries Limited is registered in England and Wales.

The registered office for Qubic Fiduciaries Limited is 2 St James Gate, Newcastle upon Tyne, NE1 4AD.

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