ACCOUNTS - Final Accounts

Registered number: SC228612

N SIMPSON ROOF & WALL CLADDING EXPERTS LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025


N SIMPSON ROOF & WALL CLADDING EXPERTS LIMITED

COMPANY INFORMATION

DIRECTORS	Mrs Sally Simpson
	Norman Simpson


COMPANY SECRETARY	Mrs S Simpson


REGISTERED NUMBER	SC228612


REGISTERED OFFICE	3 Herald Avenue
	Angus
	DD11 4JJ


ACCOUNTANTS	EQ Accountants Limited
	Chartered Accountants
	Westby
	64 West High Street
	Forfar
	Angus
	DD8 1BJ


N SIMPSON ROOF & WALL CLADDING EXPERTS LIMITED

STATEMENT OF FINANCIAL POSITION

AS AT 31 MARCH 2025

		2025		2024
		£		£

FIXED ASSETS
Tangible assets	4		93,495		87,149
			93,495		87,149
CURRENT ASSETS
Debtors: amounts falling due within one year	5	39,915		62,462
Cash at bank and in hand		198,088		175,447
		238,003		237,909
Creditors: amounts falling due within one year	6	(23,422)		(33,582)
NET CURRENT ASSETS			214,581		204,327
TOTAL ASSETS LESS CURRENT LIABILITIES			308,076		291,476
PROVISIONS FOR LIABILITIES
Deferred tax		(4,278)		-
			(4,278)		-
NET ASSETS			303,798		291,476

CAPITAL AND RESERVES
Called up share capital	7	2	2
Profit and loss account		303,796	291,474
		303,798	291,476


N SIMPSON ROOF & WALL CLADDING EXPERTS LIMITED REGISTERED NUMBER:SC228612

STATEMENT OF FINANCIAL POSITION (CONTINUED)

AS AT 31 MARCH 2025

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 4 September 2025.

Mrs Sally Simpson

Director

The notes on pages 2 to 6 form part of these financial statements.

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N SIMPSON ROOF & WALL CLADDING EXPERTS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

1.	GENERAL INFORMATION

N Simpson Roof & Wall Cladding Experts Limited is a private company, limited by shares, incorporated in Scotland with registration number SC228612. The registered office is 3 Herald Avenue, Angus, DD11 4JJ.
The Company's functional and presentational currency is GBP.

2.ACCOUNTING POLICIES

2.1

BASIS OF PREPARATION OF FINANCIAL STATEMENTS

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

2.2

TURNOVER

Turnover is recognised to the extent that it is probable that the economic benefits will flow to the Company and the turnover can be reliably measured. Turnover is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before turnover is recognised:

Sale of goods

Turnover from the sale of goods is recognised when all of the following conditions are satisfied:

∙the Company has transferred the significant risks and rewards of ownership to the buyer;

∙the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;

∙the amount of turnover can be measured reliably;

∙it is probable that the Company will receive the consideration due under the transaction; and

∙the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Rendering of services

Turnover from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:

∙the amount of turnover can be measured reliably;

∙it is probable that the Company will receive the consideration due under the contract;

∙the stage of completion of the contract at the end of the reporting period can be measured reliably; and

∙the costs incurred and the costs to complete the contract can be measured reliably.

2.3

TANGIBLE FIXED ASSETS

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

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N SIMPSON ROOF & WALL CLADDING EXPERTS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

2.ACCOUNTING POLICIES (continued)

2.3

TANGIBLE FIXED ASSETS (CONTINUED)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, as listed below.

Depreciation is provided on the following basis:

Plant and Machinery	-	10%	reducing balance
Motor Vehicles	-	25%	reducing balance
Office Equipment	-	10%	/33% reducing balance

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

2.4

FINANCE COSTS

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

2.5

DIVIDENDS

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

2.6

PENSIONS

DEFINED CONTRIBUTION PENSION PLAN

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Statement of financial position. The assets of the plan are held separately from the Company in independently administered funds.

2.7

INTEREST INCOME

Interest income is recognised in profit or loss using the effective interest method.

2.8

PROVISIONS FOR LIABILITIES

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.

Increases in provisions are generally charged as an expense to profit or loss.

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N SIMPSON ROOF & WALL CLADDING EXPERTS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

2.ACCOUNTING POLICIES (continued)

2.9

CURRENT AND DEFERRED TAXATION

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the reporting date, except that:

∙The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and

∙Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

EMPLOYEES

The average monthly number of employees, including directors, during the year was 9 (2024 - 9).

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N SIMPSON ROOF & WALL CLADDING EXPERTS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

4.	TANGIBLE FIXED ASSETS

	Plant and Machinery	Motor Vehicles	Office Equipment	Total
	£	£	£	£
COST OR VALUATION
At 1 April 2024	2,969	127,471	12,277	142,717
Additions	-	84,750	-	84,750
Disposals	-	(64,103)	-	(64,103)
At 31 March 2025	2,969	148,118	12,277	163,364
DEPRECIATION
At 1 April 2024	2,635	44,516	8,417	55,568
Charge for the year on owned assets	34	29,907	386	30,327
Disposals	-	(16,026)	-	(16,026)
At 31 March 2025	2,669	58,397	8,803	69,869
NET BOOK VALUE
At 31 March 2025	300	89,721	3,474	93,495
At 31 March 2024	334	82,955	3,860	87,149

DEBTORS

					2025	2024
					£	£


Trade debtors	21,918	13,675
Other debtors	17,997	35,365
Prepayments and accrued income	-	13,225
Deferred taxation	-	197
	39,915	62,462

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N SIMPSON ROOF & WALL CLADDING EXPERTS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

6.	CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
		2025	2024
		£	£

Trade creditors	1,446	10,869
Other taxation and social security	9,809	14,117
Obligations under finance lease and hire purchase contracts	-	1,241
Other creditors	5,941	2,754
Accruals and deferred income	6,226	4,601
	23,422	33,582

7.	SHARE CAPITAL
		2025	2024
		£	£

ALLOTTED, CALLED UP AND FULLY PAID

2 (2024 - 2) Ordinary shares of £1.00 each	2	2

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