Simwood eSMS Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 03379831

SIMWOOD ESMS LIMITED

FILLETED UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED

30 November 2025

SIMWOOD ESMS LIMITED

STATEMENT OF FINANCIAL POSITION

30 November 2025

	2025	2024
Note	£	£

Fixed assets

Intangible assets	5	368,699	–
Tangible assets	6	181,978	247,326
		----------	----------
		550,677	247,326

Current assets

Debtors	7	2,648,229	2,320,297
Cash at bank and in hand		111,590	37,187
		-------------	-------------
		2,759,819	2,357,484

Creditors: amounts falling due within one year	8	( 1,990,606)	( 1,993,276)
		-------------	-------------
Net current assets		769,213	364,208
		-------------	----------
Total assets less current liabilities		1,319,890	611,534

Creditors: amounts falling due after more than one year	9	( 39,189)	( 240,805)

Provisions	( 129,166)	( 19,699)
	-------------	----------
Net assets	1,151,535	351,030
	-------------	----------

Capital and reserves

Called up share capital	3,442	3,442
Share premium account	20,051	20,051
Profit and loss account	1,128,042	327,537
	-------------	----------
Shareholders funds	1,151,535	351,030
	-------------	----------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

For the year ending 30 November 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 financial statements for the year in question in accordance with section 476 ;

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

SIMWOOD ESMS LIMITED

STATEMENT OF FINANCIAL POSITION (continued)

30 November 2025

These financial statements were approved by the board of directors and authorised for issue on 11 September 2026 , and are signed on behalf of the board by:

Mr S P Woodhead

Director

Company registration number: 03379831

SIMWOOD ESMS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

YEAR ENDED 30 NOVEMBER 2025

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Simwood House, Cube M4 Business Park, Old Gloucester Road, Bristol, BS16 1FX.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Exceptional items

Exceptional items are disclosed separately in the financial statements in order to provide further understanding of the financial performance of the entity. They are material items of income or expense that have been shown separately because of their nature or amount.

Income tax

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised 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 that are expected to apply to the reversal of the timing difference.

Foreign currencies

Foreign currency transactions are initially recorded in the functional currency, by applying the spot exchange rate as at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the exchange rate ruling at the reporting date, with any gains or losses being taken to the profit and loss account.

Operating leases

Lease payments are recognised as an expense over the lease term on a straight-line basis. The aggregate benefit of lease incentives is recognised as a reduction to expense over the lease term, on a straight-line basis.

Goodwill

Goodwill arises on business acquisitions and represents the excess of the cost of the acquisition over the company's interest in the net amount of the identifiable assets, liabilities and contingent liabilities of the acquired business. Goodwill is measured at cost less accumulated amortisation and accumulated impairment losses. It is amortised on a straight-line basis over its useful life. Where a reliable estimate of the useful life of goodwill or intangible assets cannot be made, the life is presumed not to exceed ten 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. Prior to 1 December 2024 all development expenditure was written off in the year in which it was incurred, after which date the company capitalised relevant development expenditure. The change in accounting policy has been applied prospectively. The comparative information for the previous periods' capitalised value under this new policy is not practically possible to determine.

Amortisation

Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:

Goodwill	-	10% straight line
Development costs	-	25% straight line

If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.

Research and development

Research expenditure is written off in the period in which it is incurred. Development expenditure incurred is capitalised as an intangible asset only when all of the following criteria are met: - It is technically feasible to complete the intangible asset so that it will be available for use or sale; - There is the intention to complete the intangible asset and use or sell it; - There is the ability to use or sell the intangible asset; - The use or sale of the intangible asset will generate probable future economic benefits; - There are adequate technical, financial and other resources available to complete the development and to use or sell the intangible asset; and - The expenditure attributable to the intangible asset during its development can be measured reliably. Expenditure that does not meet the above criteria is expensed as incurred.

Tangible assets

/angible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Short leasehold property	-	10% straight line
Plant and machinery	-	25% and 50% Straight line
Motor vehicles	-	20% reducing balance

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 impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs.

Finance leases and hire purchase contracts

Assets held under finance leases and hire purchase contracts are recognised in the statement of financial position as assets and liabilities at the lower of the fair value of the assets and the present value of the minimum lease payments, which is determined at the inception of the lease term. Any initial direct costs of the lease are added to the amount recognised as an asset. Lease payments are apportioned between the finance charges and reduction of the outstanding lease liability using the effective interest method. Finance charges are allocated to each period so as to produce a constant rate of interest on the remaining balance of the liability.

Government grants

Government grants are recognised when it is reasonable to expect that the grants will be received and that all related conditions will be met, usually on submission of a valid claim for payment. Government grants in respect of capital expenditure are credited to a deferred income account and are released to profit over the expected useful lives of the relevant assets by equal annual instalments. Grants of a revenue nature are credited to income so as to match them with the expenditure to which they relate.

Provisions

Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense.

Financial instruments

Financial instruments are classified and accounted for, according 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.

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 15 (2024: 20 ).

5. Intangible assets

	Goodwill	Development costs	Total
	£	£	£
Cost
At 1 December 2024	1,674	–	1,674
Additions	–	6,347	6,347
Additions from internal developments	–	386,969	386,969
Disposals	( 1,674)	( 49,815)	( 51,489)
Transfers	–	295,723	295,723
	-------	----------	----------
At 30 November 2025	–	639,224	639,224
	-------	----------	----------
Amortisation
At 1 December 2024	1,674	–	1,674
Charge for the year	–	24,616	24,616
Disposals	( 1,674)	( 47,869)	( 49,543)
Transfers	–	293,778	293,778
	-------	----------	----------
At 30 November 2025	–	270,525	270,525
	-------	----------	----------
Carrying amount
At 30 November 2025	–	368,699	368,699
	-------	----------	----------
At 30 November 2024	–	–	–
	-------	----------	----------

The transfers at cost include £228,303 of fully depreciated assets that were previously accounted for as tangible fixed assets, with the remainder being other reclassifications.

6. Tangible assets

	Land and buildings	Plant and machinery	Motor vehicles	Total
	£	£	£	£
Cost
At 1 December 2024	13,620	1,082,967	302,433	1,399,020
Additions	–	22,497	–	22,497
Disposals	–	( 53,525)	( 55,435)	( 108,960)
Transfers	( 13,620)	( 163,284)	–	( 176,904)
	---------	-------------	----------	-------------
At 30 November 2025	–	888,655	246,998	1,135,653
	---------	-------------	----------	-------------
Depreciation
At 1 December 2024	13,620	1,051,176	86,898	1,151,694
Charge for the year	–	18,536	40,595	59,131
Disposals	–	( 50,614)	( 22,765)	( 73,379)
Transfers	( 13,620)	( 170,151)	–	( 183,771)
	---------	-------------	----------	-------------
At 30 November 2025	–	848,947	104,728	953,675
	---------	-------------	----------	-------------
Carrying amount
At 30 November 2025	–	39,708	142,270	181,978
	---------	-------------	----------	-------------
At 30 November 2024	–	31,791	215,535	247,326
	---------	-------------	----------	-------------

Finance leases and hire purchase contracts

Included within the carrying value of tangible assets are the following amounts relating to assets held under finance leases or hire purchase agreements:

	Motor vehicles
	£
At 30 November 2025	142,270
	----------
At 30 November 2024	215,535
	----------

7. Debtors

	2025	2024
	£	£
Trade debtors	228,524	121,644
Amounts owed by group undertakings and undertakings in which the company has a participating interest	2,035,196	1,853,854
Other debtors	384,509	344,799
	-------------	-------------
	2,648,229	2,320,297
	-------------	-------------

The debtors above include the following amounts falling due after more than one year:

	2025	2024
	£	£
Other debtors	66,120	69,496
	---------	---------

8. Creditors: amounts falling due within one year

	2025	2024
	£	£
Bank loans and overdrafts	60,016	60,000
Trade creditors	425,313	165,745
Amounts owed to group undertakings and undertakings in which the company has a participating interest	741,102	1,254,907
Corporation tax	107,543	30,216
Social security and other taxes	150,040	48,989
Other creditors	506,592	433,419
	-------------	-------------
	1,990,606	1,993,276
	-------------	-------------

9. Creditors: amounts falling due after more than one year

	2025	2024
	£	£
Bank loans and overdrafts	–	120,047
Other creditors	39,189	120,758
	---------	----------
	39,189	240,805
	---------	----------

10. Operating leases

The total future minimum lease payments under non-cancellable operating leases are as follows:

	2025	2024
	£	£
Not later than 1 year	121,210	121,210
Later than 1 year and not later than 5 years	286,864	484,840
	----------	----------
	408,074	606,050
	----------	----------

11. Related party transactions

The company has taken advantage of the exemption in FRS 102 Section 1A not to disclose related party transactions with wholly owned subsidiaries within the group.

12. Controlling party

The directors regard Simwood Group PLC, a company registered in England and Wales, as the ultimate parent undertaking. S Woodhead is considered to be the ultimate controlling party by virtue of his controlling interest in the share capital of the ultimate parent undertaking.