Simpsons Bespoke Interiors Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 07197544

Simpsons Bespoke Interiors Limited

Filleted Unaudited Financial Statements

For the year ended

31 March 2025

Simpsons Bespoke Interiors Limited

Statement of Financial Position

31 March 2025

	2025		2024
Note	£	£	£

Fixed assets

Tangible assets	5		42,725	42,946

Current assets

Debtors	6	1,876	837
Cash at bank and in hand		4,509	221
		-------	-------
		6,385	1,058

Creditors: amounts falling due within one year	7	14,887		12,696
		--------		--------
Net current liabilities			8,502	11,638
			--------	--------
Total assets less current liabilities			34,223	31,308

Creditors: amounts falling due after more than one year	8	659	8,562
		--------	--------
Net assets		33,564	22,746
		--------	--------

Capital and reserves

Called up share capital	1	1
Profit and loss account	33,563	22,745
	--------	--------
Shareholders funds	33,564	22,746
	--------	--------

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 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's 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 director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

Simpsons Bespoke Interiors Limited

Statement of Financial Position (continued)

31 March 2025

These financial statements were approved by the board of directors and authorised for issue on 18 November 2025 , and are signed on behalf of the board by:

T C Simpson
Director

Company registration number: 07197544

Simpsons Bespoke Interiors Limited

Notes to the Financial Statements

Year ended 31 March 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 47B High Street, Ongar, Essex, CM5 9DT.

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.

Revenue recognition

Turnover represents the amount derived from the provision of goods and services falling within the company's activities after deduction of trade discount and value added tax.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.

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:

Fixtures & Fittings	-	25% reducing balance
Motor Vehicles	-	20% reducing balance

Finance leases and hire purchase contracts

Assets held under finance leases and hire purchase contracts are recognised in the statement of financial position as assets and liabilities at the lower of the fair value of the assets and the present value of the minimum lease payments, which is determined at the inception of the lease term. Any initial direct costs of the lease are added to the amount recognised as an asset. Lease payments are apportioned between the finance charges and reduction of the outstanding lease liability using the effective interest method. Finance charges are allocated to each period so as to produce a constant rate of interest on the remaining balance of the liability.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 1 (2024: 1 ).

5. Tangible assets

	Fixtures and fittings	Motor vehicles	Total
	£	£	£
Cost
At 1 April 2024 and 31 March 2025	1,572	64,333	65,905
	-------	--------	--------
Depreciation
At 1 April 2024	1,405	21,554	22,959
Charge for the year	42	179	221
	-------	--------	--------
At 31 March 2025	1,447	21,733	23,180
	-------	--------	--------
Carrying amount
At 31 March 2025	125	42,600	42,725
	-------	--------	--------
At 31 March 2024	167	42,779	42,946
	-------	--------	--------

6. Debtors

	2025	2024
	£	£
Trade debtors	1,876	837
	-------	----

7. Creditors: amounts falling due within one year

	2025	2024
	£	£
Trade creditors	33	33
Corporation tax	4,231	2,802
Other creditors	10,623	9,861
	--------	--------
	14,887	12,696
	--------	--------

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

	2025	2024
	£	£
Other creditors	659	8,562
	----	-------

9. Director's advances, credits and guarantees

No disclosures are required of director's advances, credits and guarantees.