SIMPSON SERVICES (SCOTLAND) LTD


Director	Kevin William Simpson


Registered Address	1 Lea Rig Road
	Peterhead
	AB42 3NP


Registered Number	SC488768 (Scotland)

Balance Sheet as at
31 October 2025

	Notes	2025		2024
		£	£	£	£
Fixed assets
Intangible assets	3		42,800		12,300
Tangible assets	4		198,828		131,595
			241,628		143,895
Current assets
Debtors	5	26,572		14,842
Cash at bank and on hand		8,381		359
		34,953		15,201
Creditors amounts falling due within one year	6	(87,523)		(35,346)
Net current assets (liabilities)			(52,570)		(20,145)
Total assets less current liabilities			189,058		123,750
Creditors amounts falling due after one year	7		(14,158)		-
Provisions for liabilities			(37,777)		(27,030)
Net assets			137,123		96,720
Capital and reserves
Called up share capital			10		10
Profit and loss account			137,113		96,710
Shareholders' funds			137,123		96,720

The company was entitled to exemption from audit for this reporting period 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 Director acknowledges 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 in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have chosen to not file a copy of the company’s profit and loss account under section 444 (5A) Companies Act 2006.

The financial statements were approved and authorised for issue by the Director on 31 March 2026, and are signed on its behalf by:

Kevin William Simpson
Director
Registered Company No. SC488768

SIMPSON SERVICES (SCOTLAND) LTD

Notes to the Financial Statements
for the year ended 31 October 2025

1.	Accounting policies

	Statutory information
	Simpson Services (Scotland) Ltd is a private company, limited by shares, registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.

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

	Going concern
	The financial statements have been prepared on the going concern basis. The director finds it appropriate for the financial statements to be prepared on this basis despite the net current liability position of the company. The company is reliant upon the continued support of the director who has confirmed he will not withdraw his directors loan account to the detriment of other creditors.

	Turnover policy
	Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

	Deferred tax
	Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date. Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference. 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

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

	Intangible assets
	Licences are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses. Licences are currently not being amortised.

	Tangible fixed assets and depreciation
	Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows: Plant and Machinery - Reducing balance - 25% and reducing balance - 5% Vehicles - Reducing balance - 25% Office Equipment - Straightline - 3 years.

	Finance leases and hire purchase contracts
	Assets held under finance leases which are leases where substantially all the risks and rewards of ownership of the asset have passed to the company, and hire purchase contracts are capitalised in the balance sheet. They are depreciated over the shorter of their useful lives or the term of the lease. Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Finance leases and hire purchase contracts

Assets held under finance leases which are leases where substantially all the risks and rewards of ownership of the asset have passed to the company, and hire purchase contracts are capitalised in the balance sheet. They are depreciated over the shorter of their useful lives or the term of the lease.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

2.	Average number of employees


		2025		2024
	Average number of employees during the year	2		2

3.	Intangible assets

	Other	Total
	£	£
Cost or valuation
At 01 November 24	12,300	12,300
Additions	30,500	30,500
At 31 October 25	42,800	42,800
Net book value
At 31 October 25	42,800	42,800
At 31 October 24	12,300	12,300

4.	Tangible fixed assets

	Plant & machinery	Vehicles	Office Equipment	Total
	£	£	£	£
Cost or valuation
At 01 November 24	232,148	23,410	520	256,078
Additions	74,160	17,995	1,012	93,167
At 31 October 25	306,308	41,405	1,532	349,245
Depreciation and impairment
At 01 November 24	116,392	7,571	520	124,483
Charge for year	21,436	4,206	292	25,934
At 31 October 25	137,828	11,777	812	150,417
Net book value
At 31 October 25	168,480	29,628	720	198,828
At 31 October 24	115,756	15,839	-	131,595

5.	Debtors: amounts due within one year

	2025	2024
	£	£
Trade debtors / trade receivables	9,240	12,702
Other debtors	16,520	1,363
Prepayments and accrued income	812	777
Total	26,572	14,842

6.	Creditors: amounts due within one year

	2025	2024
	£	£
Trade creditors / trade payables	53,089	1,119
Taxation and social security	5,791	13,025
Finance lease and HP contracts	2,436	-
Other creditors	24,682	19,897
Accrued liabilities and deferred income	1,525	1,305
Total	87,523	35,346

7.	Creditors: amounts due after one year

	2025	2024
	£	£
Other creditors	14,158	-
Total	14,158	-