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

COMPANY REGISTRATION NUMBER: 13050952

SIMWOOD NETWORKS LIMITED

FILLETED UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED

30 November 2025

SIMWOOD NETWORKS LIMITED

STATEMENT OF FINANCIAL POSITION

30 November 2025

	2025	2024
Note	£	£

Fixed assets

Tangible assets	4	9,962	31,586

Current assets

Debtors	5	151	10,163
Cash at bank and in hand		–	431
		----	---------
		151	10,594

Creditors: amounts falling due within one year	6	( 7,162)	( 5,000)
		-------	---------
Net current (liabilities)/assets		( 7,011)	5,594
		-------	---------
Total assets less current liabilities		2,951	37,180
		-------	---------
Net assets		2,951	37,180
		-------	---------

Capital and reserves

Called up share capital	1,000	1,000
Profit and loss account	1,951	36,180
	-------	---------
Shareholders funds	2,951	37,180
	-------	---------

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 NETWORKS 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: 13050952

SIMWOOD NETWORKS 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.

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.

Tangible assets

Tangible 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:

	Plant and machinery	-	15% 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 impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

Financial instruments

The company only holds basic financial instruments as defined in FRS 102. The financial assets and financial liabilities of the company and their measurement basis are as follows: Financial assets - trade and other debtors are basic financial instruments and are debt instruments measured at amortised cost. Prepayments are not financial instruments. Cash at bank is classified as a basic financial instrument and is measured at amortised cost. Financial liabilities - trade creditors and other creditors are financial instruments, and are measured at amortised cost. Taxation and social security are not included in the financial instruments disclosure definition.

4. Tangible assets

	Plant and machinery
	£
Cost
At 1 December 2024	35,439
Disposals	( 3,000)
	---------
At 30 November 2025	32,439
	---------
Depreciation
At 1 December 2024	3,853
Charge for the year	18,624
	---------
At 30 November 2025	22,477
	---------
Carrying amount
At 30 November 2025	9,962
	---------
At 30 November 2024	31,586
	---------

5. Debtors

	2025	2024
	£	£
Trade debtors	–	10,012
Other debtors	151	151
	----	---------
	151	10,163
	----	---------

6. Creditors: amounts falling due within one year

	2025	2024
	£	£
Bank loans and overdrafts	23	–
Amounts owed to group undertakings and undertakings in which the company has a participating interest	5,889	5,000
Other creditors	1,250	–
	-------	-------
	7,162	5,000
	-------	-------

7. 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.

8. Controlling party

The directors regard Simwood Group PLC, a company registered in England & 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.