Registration number: 02440037

Barclay Simpson Associates Limited

Company Information

Directors

I J Coyle D Spencer P Savill

Registered office

3 New Street Square London EC4A 3BF

Accountants

EVMS Partners LLP Chartered Accountants45 Ludgate Hill London EC4M 7JU

Barclay Simpson Associates Limited

(Registration number: 02440037)
Balance Sheet as at 31 December 2025

	Note	2025 £	2024 £
Fixed assets
Tangible assets	4	35,377	60,923
Investments	5	8,606	8,606
		43,983	69,529
Current assets
Debtors	6	870,136	962,612
Cash at bank and in hand		1	13,166
		870,137	975,778
Creditors: Amounts falling due within one year	7	(656,827)	(525,499)
Net current assets		213,310	450,279
Net assets		257,293	519,808
Capital and reserves
Called up share capital	8	168	168
Share premium reserve		54,447	54,447
Capital redemption reserve		20	20
Other reserves		(731,792)	(706,643)
Retained earnings		934,450	1,171,816
Shareholders' funds		257,293	519,808

For the financial year ending 31 December 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

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 Profit and Loss Account.

Approved and authorised by the Board on 15 May 2026 and signed on its behalf by:
 

......................................... D Spencer Director

Barclay Simpson Associates Limited

Notes to the Unaudited 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: 3 New Street Square, London, EC4A 3BF.

These financial statements were authorised for issue by the Board on 15 May 2026.

2	Accounting policies

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

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.

Going concern

At the time of approving the financial statements, the directors have a reasonable expectation that the company have adequate resources to continue in operational existence for the foreseeable future, a period of not less that twelve months from the date of approval of these financial statements. Thus, the directors continue to adopt the going concern basis of accounting in preparing the financial statements.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the 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.

Turnover from the placement of permanent staff is recognised when a candidate starts their new employment. Turnover from the placement of temporary staff is recognised when the temporary staff provide their services.

Foreign currency transactions and balances

The functional and presentational currency of the company is pounds sterling. 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 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.

Barclay Simpson Associates Limited

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

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.

Tangible assets

Tangible assets are stated in the balance sheet 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 over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Fixtures and fittings	4 years straight-line
Computer equipment	4 years straight-line
Website development	4 years straight-line

Investments

Investments in subsidiaries are valued at cost less provision for permanent diminution in value.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the Company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

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.

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

Barclay Simpson Associates Limited

Notes to the Unaudited 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

The Company does not trade in financial instruments and all such instruments arise directly from operations.

All trade and other debtors are initially recognised at transaction value, as none contain in substance a financing transaction. Thereafter trade and other debtors are reviewed for impairment where there is objective evidence based on observable data that the balance may be impaired. The Company does not hold collateral against its trade and other receivables to its exposure to credit risk is the net balance of trade and other debtors after allowance for impairment.

The Company's cash holdings comprise on demand balances. All cash is held with banks with strong credit ratings.

Trade and other creditors and accruals are initially recognised at transaction value as none represent a financing transaction. They are only derecognised when they are extinguished. The Company has an invoice financing facility whereby some of its trade debtors have been transferred to another party. The terms of this facility do not meet the criteria for derecognition as the risks and rewards of ownership of these debtors are retained by the Company. Consequently the assets and liabilities relating to this facility are separately disclosed.

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 30 (2024 - 41).

Barclay Simpson Associates Limited

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

4	Tangible assets

	Fixtures and fittings £	Computer equipment £	Website development £	Total £
Cost or valuation
At 1 January 2025	13,011	62,288	39,871	115,170
At 31 December 2025	13,011	62,288	39,871	115,170
Depreciation
At 1 January 2025	13,011	21,556	19,680	54,247
Charge for the year	-	15,496	10,050	25,546
At 31 December 2025	13,011	37,052	29,730	79,793
Carrying amount
At 31 December 2025	-	25,236	10,141	35,377
At 31 December 2024	-	40,732	20,191	60,923

5	Investments

	2025 £	2024 £
Investments in subsidiaries	8,606	8,606