Simon Morris (Ipswich) Ltd - Filleted accounts

Registered number

06179025

Simon Morris (Ipswich) Ltd

Filleted Accounts

31 March 2026

Simon Morris (Ipswich) Ltd
Registered number:		06179025
Balance Sheet
as at 31 March 2026

Notes			2026			2025
£				£
Fixed assets
Tangible assets	3		65,732			31,372

Current assets
Stocks		7,384			7,133
Debtors	4	527,456			465,522
Cash at bank and in hand		332,886			277,118
		867,726			749,773

Creditors: amounts falling due within one year	5	(322,387)			(302,513)

Net current assets			545,339			447,260

Total assets less current liabilities			611,071			478,632

Creditors: amounts falling due after more than one year	6		-			(10,000)

Provisions for liabilities			(14,027)			(5,013)


Net assets			597,044			463,619

Capital and reserves
Called up share capital			100			100
Profit and loss account			596,944			463,519

Shareholder's funds			597,044			463,619

The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.




David Steers
Director
Approved by the board on 24 April 2026

Simon Morris (Ipswich) Ltd
Notes to the Accounts
for the year ended 31 March 2026


1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	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 from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.

	Tangible fixed assets
	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

	Leasehold land and buildings			over 10 years
	Plant and machinery			over 4 years
	Fixtures, fittings, tools and equipment			over 4 years

	Stocks
	Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.

	Debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Provisions
	Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.

	Leased assets
	A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership. All other leases are classified as operating leases. The rights of use and obligations under finance leases are initially recognised as assets and liabilities at amounts equal to the fair value of the leased assets or, if lower, the present value of the minimum lease payments. Minimum lease payments are apportioned between the finance charge and the reduction in the outstanding liability using the effective interest rate method. The finance charge is allocated to each period during the lease so as to produce a constant periodic rate of interest on the remaining balance of the liability. Leased assets are depreciated in accordance with the company's policy for tangible fixed assets. If there is no reasonable certainty that ownership will be obtained at the end of the lease term, the asset is depreciated over the lower of the lease term and its useful life. Operating lease payments are recognised as an expense on a straight line basis over the lease term.

	Pensions
	Contributions to defined contribution plans are expensed in the period to which they relate.


2	Employees					2026		2025
Number							Number

	Average number of persons employed by the company including directors.					14		13


3	Tangible fixed assets
		Land and buildings		Plant and machinery etc		Motor vehicles		Total
£			£		£		£
	Cost
	At 1 April 2025	12,720		103,431		47,769		163,920
	Additions	-		25,816		25,990		51,806
	Disposals	-		-		(5,500)		(5,500)
	At 31 March 2026	12,720		129,247		68,259		210,226

	Depreciation
	At 1 April 2025	8,467		98,875		25,206		132,548
	Charge for the year	1,272		4,987		5,687		11,946
	At 31 March 2026	9,739		103,862		30,893		144,494

	Net book value
	At 31 March 2026	2,981		25,385		37,366		65,732
	At 31 March 2025	4,253		4,556		22,563		31,372


4	Debtors					2026		2025
£							£

	Trade debtors					404,842		382,307
	Amounts owed by group undertakings and undertakings in which the company has a participating interest					104,994		66,994
	Other debtors					17,620		16,221
						527,456		465,522


5	Creditors: amounts falling due within one year					2026		2025
£							£

	Bank loans and overdrafts					10,918		14,138
	Trade creditors					129,261		113,397
	Taxation and social security costs					177,432		168,173
	Other creditors					4,776		6,805
						322,387		302,513


6	Creditors: amounts falling due after one year					2026		2025
£							£

	Bank loans					-		10,000


7	Other financial commitments					2026		2025
£							£

	Total future minimum payments under non-cancellable operating leases					378,910		38,978


8	Related party transactions

	Annual management fees of £30,000 have been charged by the parent company CS Holdings (Colchester) Limited to Simon Morris (Ipswich) Limited


9	Controlling party

	The company's sole shareholder is CS Holdings (Colchester) Limited. The parent company is controlled by its directors as they own 100% of the issued share capital. The company and its parent comprise a small group. The parent has taken advantage of the exemption provided by s.398 of the Companies Act 2006 not to prepare group accounts. These financial statements contain information about the company as an individual and not about the group.


10	Other information

	Simon Morris (Ipswich) Ltd is a private company limited by shares and incorporated in England. Its registered office is:
	8 Blue Barns Business Park
	Old Ipswich Road, Ardleigh
	Colchester
	Essex
	CO7 7FX