1 August 2024 false No description of principal activity Taxfiler 2024.6 01698652 business:PrivateLimitedCompanyLtd 2024-08-01 2025-07-31 01698652 2024-07-31 01698652 2024-08-01 2025-07-31 01698652 business:AuditExemptWithAccountantsReport 2024-08-01 2025-07-31 01698652 business:FilletedAccounts 2024-08-01 2025-07-31 01698652 2025-07-31 01698652 2024-07-31 01698652 core:WithinOneYear 2025-07-31 01698652 core:WithinOneYear 2024-07-31 01698652 core:AfterOneYear 2025-07-31 01698652 core:AfterOneYear 2024-07-31 01698652 core:ShareCapital core:PreviouslyStatedAmount 2025-07-31 01698652 core:ShareCapital core:PreviouslyStatedAmount 2024-07-31 01698652 core:RetainedEarningsAccumulatedLosses core:PreviouslyStatedAmount 2025-07-31 01698652 core:RetainedEarningsAccumulatedLosses core:PreviouslyStatedAmount 2024-07-31 01698652 core:PreviouslyStatedAmount 2025-07-31 01698652 core:PreviouslyStatedAmount 2024-07-31 01698652 business:SmallEntities 2024-08-01 2025-07-31 01698652 business:Director2 2024-08-01 2025-07-31 01698652 countries:EnglandWales 2024-08-01 2025-07-31 01698652 business:RegisteredOffice 2024-08-01 2025-07-31 01698652 core:PlantMachinery 2024-08-01 2025-07-31 01698652 core:MotorVehicles 2024-08-01 2025-07-31 01698652 core:LandBuildings 2024-07-31 01698652 core:PlantMachinery 2024-07-31 01698652 core:MotorVehicles 2024-07-31 01698652 core:LandBuildings 2025-07-31 01698652 core:PlantMachinery 2025-07-31 01698652 core:MotorVehicles 2025-07-31 01698652 core:LandBuildings 2024-08-01 2025-07-31 01698652 business:OrdinaryShareClass1 2024-08-01 2025-07-31 01698652 business:OrdinaryShareClass1 2023-08-01 2024-07-31 01698652 2023-08-01 2024-07-31 iso4217:GBP xbrli:shares xbrli:pure
Company Registration No. 01698652 (England and Wales)
WMI Simpsons Limited Unaudited accounts for the year ended 31 July 2025
WMI Simpsons Limited Statement of financial position as at 31 July 2025
2025
2024
Notes
£
£
Fixed assets
Tangible assets
4
22,970
28,785
Investments
5
1,300
1,300
24,270
30,085
Current assets
Inventories
6
375,367
345,704
Debtors
7
227,091
229,167
Cash at bank and in hand
90,100
126,512
692,558
701,383
Creditors: amounts falling due within one year
8
(216,771)
(194,717)
Net current assets
475,787
506,666
Total assets less current liabilities
500,057
536,751
Creditors: amounts falling due after more than one year
9
(20,436)
(27,481)
Net assets
479,621
509,270
Capital and reserves
Called up share capital
10
200
200
Profit and loss account
479,421
509,070
Shareholders' funds
479,621
509,270
For the year ending 31 July 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 23 March 2026 and were signed on its behalf by
Theresa Phillips Director Company Registration No. 01698652
- 2 -
WMI Simpsons Limited Notes to the Accounts for the year ended 31 July 2025
1
Statutory information
WMI Simpsons Limited is a private company, limited by shares, registered in England and Wales, registration number 01698652. The registered office is Unit 9, Rear of 944/946 High Road, North Finchley, London, N12 9RT.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% on reducing balance
Motor vehicles
20% on reducing balance
4
Tangible fixed assets
Land & buildings
Plant & machinery
Motor vehicles
Total
£
£
£
£
Cost or valuation
At cost
At cost
At cost
At 1 August 2024
88,677
59,108
34,525
182,310
At 31 July 2025
88,677
59,108
34,525
182,310
Depreciation
At 1 August 2024
88,677
57,943
6,905
153,525
Charge for the year
-
291
5,524
5,815
At 31 July 2025
88,677
58,234
12,429
159,340
Net book value
At 31 July 2025
-
874
22,096
22,970
At 31 July 2024
-
1,165
27,620
28,785
- 3 -
WMI Simpsons Limited Notes to the Accounts for the year ended 31 July 2025
5
Investments
Other investments
£
Valuation at 1 August 2024
1,300
Valuation at 31 July 2025
1,300
6
Inventories
2025
2024
£
£
Finished goods
375,367
345,704
375,367
345,704
7
Debtors
2025
2024
£
£
Amounts falling due within one year
Trade debtors
215,757
213,589
Accrued income and prepayments
11,334
15,578
227,091
229,167
8
Creditors: amounts falling due within one year
2025
2024
£
£
VAT
4,132
6,408
Obligations under finance leases and hire purchase contracts
7,044
7,044
Trade creditors
158,537
133,557
Taxes and social security
2,058
2,708
Loans from directors
42,000
42,000
Accruals
3,000
3,000
216,771
194,717
9
Creditors: amounts falling due after more than one year
2025
2024
£
£
Obligations under finance leases and hire purchase contracts
20,436
27,481
10
Share capital
2025
2024
£
£
Allotted, called up and fully paid:
200 Ordinary shares of £1 each
200
200
11
Transactions with related parties
Within creditors is an amount of £42,000 (2024: £42,000) due to a company director. No interest has been charged on the balance.
12
Average number of employees
During the year the average number of employees was 5 (2024: 5).
- 4 -