REGISTERED NUMBER: 06468543 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30TH NOVEMBER 2025

FOR

SIMS WORLDWIDE LIMITED

Page

Company Information

1

Balance Sheet

2

to

3

Notes to the Financial Statements

4

to

7

DIRECTORS:

K H Daniels-Sims

Mrs L Daniels-Sims

O H Daniels-Sims

REGISTERED OFFICE:

Trade Winds House

Barton Road

Heaton Mersey

Stockport

Cheshire

SK4 3EG

REGISTERED NUMBER:

06468543 (England and Wales)

ACCOUNTANTS:

Allens Accountants Limited

Chartered Accountants

123 Wellington Road South

Stockport

Cheshire

SK1 3TH

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

934,907

839,378

934,907

839,378

CURRENT ASSETS

Debtors

6

1,560,834

1,456,091

Cash at bank and in hand

55,560

132,533

1,616,394

1,588,624

CREDITORS

Amounts falling due within one year

7

1,318,977

1,355,555

NET CURRENT ASSETS

297,417

233,069

TOTAL ASSETS LESS CURRENT LIABILITIES

1,232,324

1,072,447

CREDITORS

Amounts falling due after more than one year

8

(400,557

)

(300,172

)

PROVISIONS FOR LIABILITIES

(221,613

)

(148,261

)

NET ASSETS

610,154

624,014

CAPITAL AND RESERVES

Called up share capital

10

1,000

1,000

Retained earnings

609,154

623,014

SHAREHOLDERS' FUNDS

610,154

624,014

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th November 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th November 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 24th August 2026 and were signed on its behalf by:

K H Daniels-Sims - Director

Mrs L Daniels-Sims - Director

1.	STATUTORY INFORMATION

Sims Worldwide Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

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.

Turnover

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

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2012, is being amortised evenly over its estimated useful life of three years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

33% on cost, 25% on reducing balance, 20% on reducing balance and 15% on reducing balance

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

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.

Hire purchase and leasing commitments

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

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 32 (2024 - 33 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1st December 2024

and 30th November 2025

20,500

AMORTISATION

At 1st December 2024

and 30th November 2025

20,500

NET BOOK VALUE

At 30th November 2025

-

At 30th November 2024

-

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1st December 2024

1,889,331

Additions

404,957

Disposals

(288,423

)

At 30th November 2025

2,005,865

DEPRECIATION

At 1st December 2024

1,049,953

Charge for year

178,891

Eliminated on disposal

(157,886

)

At 30th November 2025

1,070,958

NET BOOK VALUE

At 30th November 2025

934,907

At 30th November 2024

839,378

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

863,481

708,354

Other debtors

697,353

747,737

1,560,834

1,456,091

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

25,926

44,444

Hire purchase contracts

240,637

212,303

Trade creditors

319,561

453,091

Taxation and social security

109,057

114,516

Other creditors

623,796

531,201

1,318,977

1,355,555

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans

-

25,927

Hire purchase contracts

400,557

274,245

400,557

300,172

9.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

£

Bank loans

25,926

70,371

Hire purchase contracts

641,194

486,548

Invoice Financing

472,976

357,525

1,140,096

914,444

The debts are secured on the assets to which they relate.

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

950

'A' Ordinary

£1

950

950

50

'B' Ordinary

£1

50

50

1,000

1,000

11.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 30th November 2025 and 30th November 2024:

2025

2024

£

£

K H Daniels-Sims and Mrs L Daniels-Sims

Balance outstanding at start of year

370,129

308,868

Amounts advanced

68,667

61,261

Amounts repaid

-

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

438,796

370,129