Simra&Co Limited

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

Registered number: SC725008

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Intangible Assets	4		36,000		40,000
Tangible Assets	5		59,109		69,540

			95,109		109,540
CURRENT ASSETS
Stocks	6	38,250		24,250
Debtors	7	-		1,150
Cash at bank and in hand		14,398		5,769

		52,648		31,169
Creditors: Amounts Falling Due Within One Year	8	(118,924 )		(100,279 )

NET CURRENT ASSETS (LIABILITIES)			(66,276 )		(69,110 )

TOTAL ASSETS LESS CURRENT LIABILITIES			28,833		40,430

Creditors: Amounts Falling Due After More Than One Year	9		(33,203 )		(47,622 )

NET LIABILITIES			(4,370 )		(7,192 )

Income and Expenditure Account			(4,370 )		(7,192 )

MEMBERS' FUNDS			(4,370)		(7,192)

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Simra&Co 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 member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The director acknowledges his 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 Income and Expenditure Account.

On behalf of the board

Mr Mujahid Nazir

Director

29/12/2025

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

1. General Information

Simra&Co Limited is a private company, limited by guarantee, incorporated in Scotland, registered number SC725008 . The registered office is 29a Links Road, Longniddry, edinburgh, EH32 0NH.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

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. Intangible Fixed Assets and Amortisation - Goodwill

Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to the income and expenditure account over its estimated economic life of .... years.

2.4. 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	15% rbm
Motor Vehicles	15% rbm
Fixtures & Fittings	15

2.5. Leasing and Hire Purchase Contracts

Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the income and expenditure account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the income and expenditure account as incurred.

2.6. 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.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 8 (2024: 10)

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Simra&Co Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

4. Intangible Assets

	Goodwill
	£
Cost
As at 1 April 2024	40,000

As at 31 March 2025	40,000

Amortisation
As at 1 April 2024	-
Provided during the period	4,000

As at 31 March 2025	4,000

Net Book Value
As at 31 March 2025	36,000

As at 1 April 2024	40,000

5. Tangible Assets

	Motor Vehicles	Fixtures & Fittings	Total
	£	£	£
Cost
As at 1 April 2024	70,346	11,466	81,812

As at 31 March 2025	70,346	11,466	81,812

Depreciation
As at 1 April 2024	10,552	1,720	12,272
Provided during the period	8,969	1,462	10,431

As at 31 March 2025	19,521	3,182	22,703

Net Book Value
As at 31 March 2025	50,825	8,284	59,109

As at 1 April 2024	59,794	9,746	69,540

6. Stocks

	2025	2024
	£	£
Finished goods	38,250	24,250

7. Debtors

	2025	2024
	£	£
Due within one year
VAT	-	1,150

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Simra&Co Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

8. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Net obligations under finance lease and hire purchase contracts	12,599	12,599
Trade creditors	17,279	16,734
Corporation tax	447	447
VAT	728	-
Other creditors	1,635	1,635
Director's loan account	86,236	68,864

	118,924	100,279

9. Creditors: Amounts Falling Due After More Than One Year

	2025	2024
	£	£
Net obligations under finance lease and hire purchase contracts	27,578	41,997
Other loans	5,625	5,625

	33,203	47,622

10. Obligations Under Finance Leases and Hire Purchase

	2025	2024
	£	£
The future minimum finance lease payments are as follows:
Not later than one year	12,599	12,599
Later than one year and not later than five years	27,578	41,997

	40,177	54,596

	40,177	54,596

11. Company limited by guarantee

The company is limited by guarantee and has no share capital.

Every member of the company undertakes to contribute to the assets of the company, in the event of a winding up, such an amount as may be required not exceeding £1.

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