REGISTERED NUMBER: 02299468 (England and Wales)

FINANCIAL STATEMENTS

FOR THE PERIOD

1 NOVEMBER 2023 TO 31 MARCH 2025

FOR

SIMONDS OF BOTESDALE LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

P J Nathanail

D A Rezai-Kalantary

REGISTERED OFFICE:

29 Arboretum Street

Nottingham

Nottinghamshire

NG1 4JA

BUSINESS ADDRESS:

Roswald House

Oak Drive

Diss

Norfolk

IP22 4GX

REGISTERED NUMBER:

02299468 (England and Wales)

AUDITORS:

Lemans

Statutory Auditor

29 Arboretum Street

Nottingham

Nottinghamshire

NG1 4JA

FIXED ASSETS

Tangible assets

4

1,232,236

1,558,451

CURRENT ASSETS

Stocks

-

88,628

Debtors

5

753,688

930,383

Cash at bank and in hand

403,970

290,708

1,157,658

1,309,719

CREDITORS

Amounts falling due within one year

6

858,850

897,660

NET CURRENT ASSETS

298,808

412,059

TOTAL ASSETS LESS CURRENT LIABILITIES

1,531,044

1,970,510

CREDITORS

Amounts falling due after more than one year

7

(728,588

)

(809,059

)

PROVISIONS FOR LIABILITIES

(242,676

)

(329,062

)

NET ASSETS

559,780

832,389

CAPITAL AND RESERVES

Called up share capital

10

129,076

129,076

Retained earnings

430,704

703,313

SHAREHOLDERS' FUNDS

559,780

832,389

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 16 December 2025 and were signed on its behalf by:

D A Rezai-Kalantary - Director

1.	STATUTORY INFORMATION

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

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

When cash inflows are deferred and represent a financing arrangement, the fair value of the consideration is the present value of the future receipts. The difference between the fair value of the consideration and the nominal amount received is recognised as interest income.

Revenue from contracts for the provision of professional services is recognised by reference to the stage of completion when the stage of completion, costs incurred and costs to complete can be estimated reliably. The stage of completion is calculated by comparing costs incurred, mainly in relation to contractual hourly staff rates and materials, as a proportion of total costs. Where the outcome cannot be estimated reliably, revenue is recognised only to the extent of the expenses recognised that it is probable will be recovered.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Long leasehold

-

Over lease term : straight line basis

Plant and machinery

-

15% on reducing balance

Fixtures and fittings

-

25% on reducing balance

Motor vehicles

-

5%, 12%, 15% and 25% on reducing balance

The depreciation policy relating to buses and coaches has been revised from the beginning of the year to 15% on a reducing balance basis.

Government grants

Grant income is recognised when the proceeds are received or receivable.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation

Taxation for the period comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 period 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

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the period was 83 (2023 - 74 ) .

4.	TANGIBLE FIXED ASSETS

Improvements

to

leasehold

Long

Plant and

property

leasehold

machinery

£

£

£

COST

At 1 November 2023

-

954,861

522,761

Additions

25,511

-

58,969

Disposals

-

-

-

Reclassification/transfer

954,861

(954,861

)

-

At 31 March 2025

980,372

-

581,730

DEPRECIATION

At 1 November 2023

-

557,665

403,698

Charge for period

106,632

-

25,301

Eliminated on disposal

-

-

-

Reclassification/transfer

557,665

(557,665

)

-

At 31 March 2025

664,297

-

428,999

NET BOOK VALUE

At 31 March 2025

316,075

-

152,731

At 31 October 2023

-

397,196

119,063

Fixtures

and

Motor

fittings

vehicles

Totals

£

£

£

COST

At 1 November 2023

86,323

2,841,463

4,405,408

Additions

-

23,499

107,979

Disposals

-

(162,755

)

(162,755

)

Reclassification/transfer

-

-

-

At 31 March 2025

86,323

2,702,207

4,350,632

DEPRECIATION

At 1 November 2023

79,831

1,805,763

2,846,957

Charge for period

2,300

212,561

346,794

Eliminated on disposal

-

(75,355

)

(75,355

)

Reclassification/transfer

-

-

-

At 31 March 2025

82,131

1,942,969

3,118,396

NET BOOK VALUE

At 31 March 2025

4,192

759,238

1,232,236

At 31 October 2023

6,492

1,035,700

1,558,451

During the period, the company entered in to a new short-term lease on the property from which it trades.

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and

Motor

machinery

vehicles

Totals

£

£

£

COST

Additions

-

23,499

23,499

Reclassification/transfer

38,825

78,000

116,825

At 31 March 2025

38,825

101,499

140,324

DEPRECIATION

Charge for period

6,305

18,871

25,176

Reclassification/transfer

9,155

11,310

20,465

At 31 March 2025

15,460

30,181

45,641

NET BOOK VALUE

At 31 March 2025

23,365

71,318

94,683

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.10.23

(Unaudited)

£

£

Trade debtors

508,523

692,984

Amounts owed by group undertakings

6,979

-

Other debtors

78,649

57,072

Prepayments

159,537

180,327

753,688

930,383

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.10.23

(Unaudited)

£

£

Bank loans and overdrafts

-

35,098

Hire purchase contracts (see note 8)

28,257

21,922

Trade creditors

322,321

332,037

Amounts owed to group undertakings

59,188

-

Amounts owed to participating interests

6,043

-

Corporation tax

5,465

22,778

Social security and other taxes

84,190

72,704

Other creditors

80,691

45,549

Directors' current accounts

-

223,465

Accruals and deferred income

272,695

144,107

858,850

897,660

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.25

31.10.23

(Unaudited)

£

£

Bank loans

-

63,403

Hire purchase contracts (see note 8)

28,588

45,656

Amounts owed to group undertakings

700,000

-

Other creditors

-

700,000

728,588

809,059

8.	LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase

contracts

31.3.25

31.10.23

(Unaudited

£

£

Net obligations repayable:

Within one year

28,257

21,922

Between one and five years

28,588

45,656

56,845

67,578

Non-cancellable

operating leases

31.3.25

31.10.23

(Unaudited)

£

£

Within one year

99,000

168,323

Between one and five years

305,250

312,048

In more than five years

-

99,000

404,250

579,371

9.	SECURED DEBTS

The following secured debts are included within creditors:

31.3.25

31.10.23

(Unaudited)

£

£

Hire purchase contracts

56,845

-

All hire purchase contracts are secured on the asset to which they relate.

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Amounts presented in equity

Number:

Class:

31.3.25

31.10.23

Nominal

(Unaudited

)

value:

£

£

1,000

Ordinary

£1

1,000

1,000

128,076

Deferred

£1

128,076

128,076

129,076

129,076

Amounts presented in liabilities

Number:

Class:

31.3.25

31.10.23

Nominal

(Unaudited

)

value:

£

£

700,000

Preference

£1

700,000

700,000

700,000

700,000

11.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Mr Adrian Harby (Senior Statutory Auditor)

for and on behalf of Lemans

12.	RELATED PARTY DISCLOSURES

As the company is a wholly owned subsidiary of the group headed by Transport Made Simple Limited, the company has taken advantage of the exemption contained in FRS 102 Section 33.1A and has therefore not disclosed transactions or balances with entities which form part of the group. The consolidated financial statements of Transport Made Simple Limited, within which this company is included, can be obtained from the address given in the ultimate controlling party note.

The following services and associated costs were paid by the company to:

31.3.25

31.10.23

Associated companies

£

£

Lion Tyres (Essex) Ltd

33,714

-

13.	ULTIMATE CONTROLLING PARTY

On the 29 April 2024 Central Connect Transport Limited (formerly Vectare Limited) acquired 100% of the 1,000 £1 Ordinary shares, 128,076 £1 Deferred shares and 700,000 £1 Preference shares in the company. As a result, the company became a subsidiary of Central Connect Transport Limited (formerly named Vectare Limited).

The company is controlled by Central Connect Transport Limited, which owns 100% of the share capital of the company.

On 31 May 2024, following a group re-organisation, Central Connect Transport Limited became a subsidiary of Vectare Ltd (formerly named VBO Transport Ltd).

On 7 August 2024, following a demerger, Central Connect Transport Limited became a subsidiary of Transport Made Simple Limited, this company becoming the ultimate parent of the group. Transport Made Simple Limited is under the control of the directors D Kalantary and P Nathanail.

The consolidated results of the group are available from the company's registered office 29 Arboretum Street, Nottingham, NG1 4JA.