17 false false false false false false false false false false true false false false false false false No description of principal activity 2024-07-01 Sage Accounts Production Advanced 2023 - FRS102_2023 9,000 9,000 48,186 42,246 2,773 45,019 3,167 5,940 xbrli:pure xbrli:shares iso4217:GBP 02111811 2024-07-01 2025-06-30 02111811 2025-06-30 02111811 2024-06-30 02111811 2023-07-01 2024-06-30 02111811 2024-06-30 02111811 2023-06-30 02111811 core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2024-07-01 2025-06-30 02111811 core:FurnitureFittings 2024-07-01 2025-06-30 02111811 bus:OrdinaryShareClass1 2024-07-01 2025-06-30 02111811 bus:Director1 2024-07-01 2025-06-30 02111811 bus:Director3 2024-07-01 2025-06-30 02111811 core:WithinOneYear 2025-06-30 02111811 core:WithinOneYear 2024-06-30 02111811 core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2025-06-30 02111811 core:FurnitureFittings 2024-06-30 02111811 core:FurnitureFittings 2025-06-30 02111811 core:AfterOneYear 2025-06-30 02111811 core:AfterOneYear 2024-06-30 02111811 core:ShareCapital 2025-06-30 02111811 core:ShareCapital 2024-06-30 02111811 core:RetainedEarningsAccumulatedLosses 2025-06-30 02111811 core:RetainedEarningsAccumulatedLosses 2024-06-30 02111811 core:BetweenOneFiveYears 2025-06-30 02111811 core:BetweenOneFiveYears 2024-06-30 02111811 core:MoreThanFiveYears 2025-06-30 02111811 core:MoreThanFiveYears 2024-06-30 02111811 core:FurnitureFittings 2024-06-30 02111811 bus:SmallEntities 2024-07-01 2025-06-30 02111811 bus:AuditExemptWithAccountantsReport 2024-07-01 2025-06-30 02111811 bus:SmallCompaniesRegimeForAccounts 2024-07-01 2025-06-30 02111811 bus:PrivateLimitedCompanyLtd 2024-07-01 2025-06-30 02111811 bus:FullAccounts 2024-07-01 2025-06-30 02111811 bus:OrdinaryShareClass1 2025-06-30 02111811 bus:OrdinaryShareClass1 2024-06-30
COMPANY REGISTRATION NUMBER: 02111811

Simon Carter Limited

Filleted Unaudited Financial Statements

30 June 2025

Simon Carter Limited

Statement of Financial Position

30 June 2025

| 2025 | 2024
Note | £ | £ | £ | £

Fixed assets

Tangible assets | 6 |  | 3,167 |  | 5,940

Current assets

Stocks | 382,532 |  | 446,752 |
Debtors | 7 | 257,910 |  | 603,085 |
Cash at bank and in hand | 348,147 |  | 358,864 |
| --------- |  | ------------ |
| 988,589 |  | 1,408,701 |

Creditors: amounts falling due within one year | 8 | 181,057 |  | 214,765 |
| --------- |  | ------------ |
Net current assets |  | 807,532 |  | 1,193,936
|  | --------- |  | ------------
Total assets less current liabilities |  | 810,699 |  | 1,199,876

Creditors: amounts falling due after more than one year | 9 |  | 4,787 |  | 15,466
|  | --------- |  | ------------
Net assets |  | 805,912 |  | 1,184,410
|  | --------- |  | ------------

Capital and reserves

Called up share capital | 10 |  | 100 |  | 100
Profit and loss account |  | 805,812 |  | 1,184,310
|  | --------- |  | ------------
Shareholders funds |  | 805,912 |  | 1,184,410
|  | --------- |  | ------------

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 30 June 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 .

Simon Carter Limited

Statement of Financial Position (continued)

30 June 2025
These financial statements were approved by the board of directors and authorised for issue on 31 December 2025 , and are signed on behalf of the board by:

S. C. Carter | W. J. Carter
Director | Director

Company registration number: 02111811

Simon Carter Limited

Notes to the Financial Statements

Year ended 30 June 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 146 New London Road, Chelmsford, Essex, CM2 0AW.
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 is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
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.
Intangible assets
Intangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated amortisation and impairment losses. Any intangible assets carried at revalued amounts, are recorded at the fair value at the date of revaluation, as determined by reference to an active market, less any subsequent accumulated amortisation and subsequent accumulated impairment losses. Intangible assets acquired as part of a business combination are only recognised separately from goodwill when they arise from contractual or other legal rights, are separable, the expected future economic benefits are probable and the cost or value can be measured reliably.
Amortisation
Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:

| Copyright | - | 25% straight line

If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.
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 | - | 33% straight line

Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.
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.
Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.
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.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 17 (2024: 21 ).
5. Intangible assets

| Development costs
| £
Cost |
At 1 July 2024 and 30 June 2025 | 9,000
| -------
Amortisation |
At 1 July 2024 and 30 June 2025 | 9,000
| -------
Carrying amount |
At 30 June 2025 | –
| -------
At 30 June 2024 | –
| -------

6. Tangible assets

| Fixtures and fittings | Total
| £ | £
Cost |  |
At 1 July 2024 and 30 June 2025 | 48,186 | 48,186
| -------- | --------
Depreciation |  |
At 1 July 2024 | 42,246 | 42,246
Charge for the year | 2,773 | 2,773
| -------- | --------
At 30 June 2025 | 45,019 | 45,019
| -------- | --------
Carrying amount |  |
At 30 June 2025 | 3,167 | 3,167
| -------- | --------
At 30 June 2024 | 5,940 | 5,940
| -------- | --------

7. Debtors

| 2025 | 2024
| £ | £
Trade debtors | 190,005 | 519,628
Prepayments and accrued income | 67,905 | 83,457
| --------- | ---------
| 257,910 | 603,085
| --------- | ---------

8. Creditors: amounts falling due within one year

| 2025 | 2024
| £ | £
Bank loans and overdrafts | 10,000 | 10,000
Trade creditors | 76,568 | 91,697
Accruals and deferred income | 7,233 | 31,032
Director loan accounts | 584 | 14,086
Taxation and social security | 84,795 | 65,463
Other creditors | 1,877 | 2,487
| --------- | ---------
| 181,057 | 214,765
| --------- | ---------

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

| 2025 | 2024
| £ | £
Bank loans and overdrafts | 4,787 | 15,466
| ------- | --------

10. Called up share capital
Issued, called up and fully paid

| 2025 | 2024
| No. | £ | No. | £
Ordinary shares of £ 1 each | 100 | 100 | 100 | 100
| ---- | ---- | ---- | ----

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

| 2025 | 2024
| £ | £
Not later than 1 year | 10,000 | 32,500
Later than 1 year and not later than 5 years | 370,500 | 67,500
Later than 5 years | 168,000 | 412,000
| --------- | ---------
| 548,500 | 512,000
| --------- | ---------

12. Related party transactions
As at 30 June 2025 the directors were owed £584 (2023 £14,086) as shown in note 9.