Simmons & Schmid Limited - Filleted accounts

Registered number

12557779

Simmons & Schmid Limited

Unaudited Filleted Accounts

31 March 2026

Simmons & Schmid Limited
Registered number:		12557779
Balance Sheet
as at 31 March 2026

Notes			2026			2025
£				£
Fixed assets
Intangible assets	3		840			3,409
Tangible assets	4		5,447			5,456
Investments	5		336,675			336,675
			342,962			345,540

Current assets
Debtors	6	173,555			230,625
Cash at bank and in hand		69,948			151,384
		243,503			382,009

Creditors: amounts falling due within one year	7	(368,301)			(539,565)

Net current liabilities			(124,798)			(157,556)

Total assets less current liabilities			218,164			187,984

Creditors: amounts falling due after more than one year	8		-			(51,200)



Net assets			218,164			136,784

Capital and reserves
Called up share capital			105			105
Profit and loss account			218,059			136,679

Shareholders' funds			218,164			136,784

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 members have 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.




Mr Timothy Simmons
Director
Approved by the board on 31 July 2026

Simmons & Schmid Limited
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.

	Intangible fixed assets
	Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.

	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:

	Plant and machinery	33.33% straight line
	Fixtures, fittings, tools and equipment	over 5 years

	Investments
	Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.

	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.

	Foreign currency translation
	Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

	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		4		4


3	Intangible fixed assets				£
	Software development:

	Cost
	At 1 April 2025				35,250
	At 31 March 2026				35,250

	Amortisation
	At 1 April 2025				31,841
	Provided during the year				2,569
	At 31 March 2026				34,410

	Net book value
	At 31 March 2026				840
	At 31 March 2025				3,409

	Software development is being written off in equal annual instalments over its estimated economic life of 5 years.


4	Tangible fixed assets
					Plant and machinery etc
£
	Cost
	At 1 April 2025				16,392
	Additions				1,921
	At 31 March 2026				18,313

	Depreciation
	At 1 April 2025				10,936
	Charge for the year				1,930
	At 31 March 2026				12,866

	Net book value
	At 31 March 2026				5,447
	At 31 March 2025				5,456


5	Investments
Investments in
subsidiary
undertakings
£
	Cost
	At 1 April 2025				336,675

	At 31 March 2026				336,675


6	Debtors		2026		2025
£				£

	Trade debtors		131,296		215,769
	Other debtors		42,259		14,856
			173,555		230,625


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

	Trade creditors		85,529		107,498
	Taxation and social security costs		85,359		91,030
	Other creditors		197,413		341,037
			368,301		539,565


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

	Other creditors		-		51,200


9	Related party transactions		2026		2025
	The Word Works (London) Limited		£	£
	A company which shares common director.
	As at 31 March 2026, there was an inter company loan which is contained in other creditors.
	Amount due to related party		107,680		128,570

10	Other information

	Simmons & Schmid Limited is a private company limited by shares and incorporated in England. Its registered office is:
	2nd Floor Nucleus House
	2 Lower Mortlake Road
	Richmond
	United Kingdom
	TW9 2JA