Registration number: 01318326

SIMONSWERK UK LIMITED

(Registration number: 01318326)
Statement of Financial Position as at 31 December 2025

	Note	2025 £	2024 £
Fixed assets
Tangible assets	4	1,117,368	1,137,044
Current assets
Stocks	5	1,150,624	858,836
Debtors	6	768,977	749,669
Cash at bank and in hand		552,386	1,566,979
		2,471,987	3,175,484
Creditors: Amounts falling due within one year	7	(820,574)	(537,452)
Net current assets		1,651,413	2,638,032
Total assets less current liabilities		2,768,781	3,775,076
Provisions for liabilities		(60,378)	(60,182)
Net assets		2,708,403	3,714,894
Capital and reserves
Called up share capital	8	3,060	3,060
Retained earnings		2,705,343	3,711,834
Shareholders' funds		2,708,403	3,714,894

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Income Statement.

Approved and authorised by the Board on 10 April 2026 and signed on its behalf by:
 

......................................... Mr S Slater Director

......................................... Mr A Kite Director

SIMONSWERK UK LIMITED

Notes to the Financial Statements for the Year Ended 31 December 2025

1	General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
Burcot Works
Spring Street
Alexandra Road
Tipton
West Midlands
DY4 8TF

These financial statements were authorised for issue by the Board on 10 April 2026.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements were prepared in accordance with Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland and the Companies Act 2006'.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Audit report

The Independent Auditor's Report was unqualified . The name of the Senior Statutory Auditor who signed the audit report on 10 April 2026 was Mark Jordan FCA, who signed for and on behalf of Jordan & Company.

Judgements

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

SIMONSWERK UK LIMITED

Notes to the Financial Statements for the Year Ended 31 December 2025

Foreign currency transactions and balances

Transactions in foreign currencies are initially recorded at the functional currency rate prevailing at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated into the respective functional currency of the entity at the rates prevailing on the reporting period date. Non-monetary items carried at fair value that are denominated in foreign currencies are retranslated at the rate on the date when the fair value is re-measured.

Non-monetary items measured in terms of historical cost in a foreign currency are not retranslated.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when 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.

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Freehold Property	2% Straight Line
Plant & Machinery	15% Reducing Balance
Motor Vehicles	25% Reducing Balance
Fixtures & Fittings	15% Reducing Balance
Computer Equipment	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 imapired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

SIMONSWERK UK LIMITED

Notes to the Financial Statements for the Year Ended 31 December 2025

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

SIMONSWERK UK LIMITED

Notes to the Financial Statements for the Year Ended 31 December 2025

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

Financial instruments

Financial instruments are classified and accounted for, accoring 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.
 

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 33 (2024 - 33).

SIMONSWERK UK LIMITED

Notes to the Financial Statements for the Year Ended 31 December 2025

4	Tangible assets

	Land and buildings £	Fixtures and fittings £	Plant and machinery £	Motor vehicles  £
Cost or valuation
At 1 January 2025	1,071,276	181,975	572,785	28,590
Additions	-	20,121	26,319	-
Disposals	-	-	(7,036)	-
At 31 December 2025	1,071,276	202,096	592,068	28,590
Depreciation
At 1 January 2025	182,040	123,464	395,549	16,529
Charge for the year	20,425	11,794	30,533	3,015
Eliminated on disposal	-	-	(6,687)	-
At 31 December 2025	202,465	135,258	419,395	19,544
Carrying amount
At 31 December 2025	868,811	66,838	172,673	9,046
At 31 December 2024	889,236	58,511	177,236	12,061

	Total £
Cost or valuation
At 1 January 2025	1,854,626
Additions	46,440
Disposals	(7,036)
At 31 December 2025	1,894,030
Depreciation
At 1 January 2025	717,582
Charge for the year	65,767
Eliminated on disposal	(6,687)
At 31 December 2025	776,662
Carrying amount
At 31 December 2025	1,117,368
At 31 December 2024	1,137,044

Included within the net book value of land and buildings above is £868,811 (2024 - £889,236) in respect of freehold land and buildings.
 

SIMONSWERK UK LIMITED

Notes to the Financial Statements for the Year Ended 31 December 2025

5

Stocks

	2025 £	2024 £
Raw materials and consumables	209,867	274,117
Work in progress	177,122	157,648
Finished goods and goods for resale	763,635	427,071
	1,150,624	858,836

6

Debtors

Current	2025 £	2024 £
Trade debtors	656,229	722,888
Prepayments	30,058	22,852
Other debtors	82,690	3,929
	768,977	749,669

7

Creditors

Creditors: amounts falling due within one year

	2025 £	2024 £
Due within one year
Trade creditors	506,811	222,068
Taxation and social security	292,019	250,361
Accruals and deferred income	21,744	65,023
	820,574	537,452

SIMONSWERK UK LIMITED

Notes to the Financial Statements for the Year Ended 31 December 2025

8	Share capital

Allotted, called up and fully paid shares

	2025		2024
	No.	£	No.	£
Ordinary share capital of £1 each	3,060	3,060	3,060	3,060

9	Parent and ultimate parent undertaking

The company's immediate parent is SIMONSWERK GmbH, incorporated in Germany.

 The ultimate parent is Familie Julius Thyssen Verwaltungsges. mbH, incorporated in Germany.

  These financial statements are available upon request from Bosfelder Weg 5, Rheda Wiedenbruck, Germany.