Ron Sims (Heating & Electrical Services) Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 01426781

Ron Sims (Heating & Electrical Services) Limited

Filleted Unaudited Financial Statements

31 May 2025

Ron Sims (Heating & Electrical Services) Limited

Statement of Financial Position

31 May 2025

	2025		2024
Note	£	£	£

Fixed assets

Tangible assets	5		37,805	39,072

Current assets

Stocks		21,844	23,977
Debtors	6	45,406	55,781
Cash at bank and in hand		35,114	16,853
		---------	--------
		102,364	96,611

Creditors: amounts falling due within one year	7	122,167		96,668
		---------		--------
Net current liabilities			19,803	57
			--------	--------
Total assets less current liabilities			18,002	39,015

Creditors: amounts falling due after more than one year	8		2,000	6,000

Provisions

Taxation including deferred tax	825	1,111
	--------	--------
Net assets	15,177	31,904
	--------	--------

Ron Sims (Heating & Electrical Services) Limited

Statement of Financial Position (continued)

31 May 2025

	2025		2024
Note	£	£	£

Capital and reserves

Called up share capital	9	100	100
Capital redemption reserve		50	50
Profit and loss account		15,027	31,754
		--------	--------
Shareholders funds		15,177	31,904
		--------	--------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

For the year ending 31 May 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;

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

These financial statements were approved by the board of directors and authorised for issue on 19 November 2025 , and are signed on behalf of the board by:

Mr J Sims

Director

Company registration number: 01426781

Ron Sims (Heating & Electrical Services) Limited

Notes to the Financial Statements

Year ended 31 May 2025

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Gregory's Mill Street, Worcester, WR3 8BA.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Disclosure exemptions

The entity satisfies the criteria of being a small entity as defined in FRS102 and section 382 of the Companies Act 2006 and has taken advantage of the disclosure exemptions available under paragraph 1A.7 of FRS102.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax.

Income tax

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date. Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised 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 that are expected to apply to the reversal of the timing difference.

Operating leases

Lease payments are recognised as an expense over the lease term on a straight-line basis. The aggregate benefit of lease incentives is recognised as a reduction to expense over the lease term, on a straight-line basis.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Plant & machinery	-	15% reducing balance to 25% straight line
Fixtures & fittings	-	15% reducing balance
Motor vehicles	-	25% reducing balance

No depreciation has been provided on freehold buildings because the directors are of the opinion that they are maintained to an excellent standard.

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.

Provisions

Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised as a finance cost in profit or loss in the period it arises.

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 9 (2024: 9 ).

5. Tangible assets

	Land and buildings	Plant and machinery	Fixtures and fittings	Motor vehicles	Total
	£	£	£	£	£
Cost
At 1 June 2024	32,873	42,870	15,793	41,748	133,284
Additions	–	246	82	–	328
	--------	--------	--------	--------	---------
At 31 May 2025	32,873	43,116	15,875	41,748	133,612
	--------	--------	--------	--------	---------
Depreciation
At 1 June 2024	–	40,369	15,031	38,812	94,212
Charge for the year	–	746	115	734	1,595
	--------	--------	--------	--------	---------
At 31 May 2025	–	41,115	15,146	39,546	95,807
	--------	--------	--------	--------	---------
Carrying amount
At 31 May 2025	32,873	2,001	729	2,202	37,805
	--------	--------	--------	--------	---------
At 31 May 2024	32,873	2,501	762	2,936	39,072
	--------	--------	--------	--------	---------

6. Debtors

	2025	2024
	£	£
Trade debtors	34,616	45,861
Prepayments and accrued income	10,790	9,920
	--------	--------
	45,406	55,781
	--------	--------

7. Creditors: amounts falling due within one year

	2025	2024
	£	£
Bank loans and overdrafts	6,000	6,000
Trade creditors	61,134	38,975
Accruals and deferred income	10,154	10,310
Corporation tax	12,221	16,597
Social security and other taxes	21,806	15,081
Director loan accounts	3,500	6,975
Other creditors	7,352	2,730
	---------	--------
	122,167	96,668
	---------	--------

8. Creditors: amounts falling due after more than one year

	2025	2024
	£	£
Bank loans and overdrafts	2,000	6,000
	-------	-------

9. Called up share capital

Issued, called up and fully paid

	2025		2024
	No.	£	No.	£
Ordinary A shares of £ 1 each	35	35	35	35
Ordinary B shares of £ 1 each	20	20	20	20
Ordinary C shares of £ 1 each	25	25	25	25
Ordinary D shares of £ 1 each	20	20	20	20
	----	----	----	----
	100	100	100	100
	----	----	----	----

The A, B, C and D ordinary shares rank equally, share for share, for voting rights and on a sale or distribution of proceeds in a winding up. No specific dividend rights attach to any of the classes of share, it being at the directors' discretion to vote dividends as they see fit on any particular class.

10. Operating leases

The total future minimum lease payments under non-cancellable operating leases are as follows:

	2025	2024
	£	£
Not later than 1 year	829	4,971
Later than 1 year and not later than 5 years	–	829
	----	-------
	829	5,800
	----	-------