REGISTERED NUMBER: 03565560 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30TH SEPTEMBER 2025

FOR

SIMON BOYD LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

P C Grimes

M J Grimes

N M G Grimes

C V Grimes

SECRETARY:

M J Grimes

REGISTERED OFFICE:

25, Grosvenor Road

Wrexham

LL11 1BT

REGISTERED NUMBER:

03565560 (England and Wales)

ACCOUNTANTS:

M. D. Coxey and Co. Limited

Chartered Accountants

25, Grosvenor Road

Wrexham

LL11 1BT

BANKERS:

National Westminster Bank plc

33, Lord Street

Wrexham

LL11 1LP

FIXED ASSETS

Intangible assets

4

33,333

83,333

Tangible assets

5

113,486

94,527

146,819

177,860

CURRENT ASSETS

Stocks

6

180,000

250,000

Debtors

7

142,670

114,565

Cash at bank and in hand

577,766

667,787

900,436

1,032,352

CREDITORS

Amounts falling due within one year

8

393,022

416,562

NET CURRENT ASSETS

507,414

615,790

TOTAL ASSETS LESS CURRENT LIABILITIES

654,233

793,650

CREDITORS

Amounts falling due after more than one year

9

(25,727

)

(71,124

)

PROVISIONS FOR LIABILITIES

12

(6,748

)

(10,769

)

NET ASSETS

621,758

711,757

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

621,756

711,755

SHAREHOLDERS' FUNDS

621,758

711,757

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30th September 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 29th June 2026 and were signed on its behalf by:

P C Grimes - Director

1.	STATUTORY INFORMATION

Simon Boyd 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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 2006, is being amortised evenly over its estimated useful life of twenty 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 or, if held under a finance lease, over the lease term, whichever is the shorter.

Leasehold improvements

-

The length of the lease

Plant and machinery

-

25% on reducing balance

Fixtures and fittings

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Office equipment

-

25% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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 40 (2024 - 40 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1st October 2024

and 30th September 2025

1,000,000

AMORTISATION

At 1st October 2024

916,667

Amortisation for year

50,000

At 30th September 2025

966,667

NET BOOK VALUE

At 30th September 2025

33,333

At 30th September 2024

83,333

5.	TANGIBLE FIXED ASSETS

Fixtures

Leasehold

Plant and

and

improvements

machinery

fittings

£

£

£

COST

At 1st October 2024

364,797

90,142

287,616

Additions

-

5,667

279

Disposals

-

-

-

At 30th September 2025

364,797

95,809

287,895

DEPRECIATION

At 1st October 2024

364,777

84,175

280,086

Charge for year

-

3,626

-

Eliminated on disposal

-

-

-

At 30th September 2025

364,777

87,801

280,086

NET BOOK VALUE

At 30th September 2025

20

8,008

7,809

At 30th September 2024

20

5,967

7,530

Motor

Office

vehicles

equipment

Totals

£

£

£

COST

At 1st October 2024

186,049

28,373

956,977

Additions

43,069

-

49,015

Disposals

(9,330

)

-

(9,330

)

At 30th September 2025

219,788

28,373

996,662

DEPRECIATION

At 1st October 2024

112,282

21,130

862,450

Charge for year

23,718

2,187

29,531

Eliminated on disposal

(8,805

)

-

(8,805

)

At 30th September 2025

127,195

23,317

883,176

NET BOOK VALUE

At 30th September 2025

92,593

5,056

113,486

At 30th September 2024

73,767

7,243

94,527

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Motor

vehicles

£

COST

At 1st October 2024

46,542

Transfer to ownership

(16,812

)

At 30th September 2025

29,730

DEPRECIATION

At 1st October 2024

23,423

Charge for year

5,780

Transfer to ownership

(12,712

)

At 30th September 2025

16,491

NET BOOK VALUE

At 30th September 2025

13,239

At 30th September 2024

23,119

6.

STOCKS

30.9.25

30.9.24

£

£

Goods for resale

180,000

250,000

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.9.25

30.9.24

£

£

Directors' current accounts

72,086

14,624

Prepayments and accrued income

70,584

99,941

142,670

114,565

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.9.25

30.9.24

£

£

Bank loans and overdrafts

41,024

54,495

Hire purchase contracts (see note 10)

2,801

2,575

Trade creditors

233,277

252,888

Social security and other taxes

16,194

13,736

VAT

53,461

53,052

Other creditors

46,265

39,816

393,022

416,562

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

30.9.25

30.9.24

£

£

Bank loans - 1-2 years

17,467

42,596

Bank loans - 2-5 years

7,771

25,238

Hire purchase contracts (see note 10)

489

3,290

25,727

71,124

10.	LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase

contracts

30.9.25

30.9.24

£

£

Net obligations repayable:

Within one year

2,801

2,575

Between one and five years

489

3,290

3,290

5,865

Non-cancellable

operating leases

30.9.25

30.9.24

£

£

Within one year

99,500

134,500

Between one and five years

42,000

84,000

141,500

218,500

11.	SECURED DEBTS

The following secured debts are included within creditors:

30.9.25

30.9.24

£

£

Bank loans

66,262

122,329

12.	PROVISIONS FOR LIABILITIES

30.9.25

30.9.24

£

£

Deferred tax

Accelerated capital allowances

20,813

11,849

Tax losses carried forward

(14,065

)

(1,080

)

6,748

10,769

Deferred

tax

£

Balance at 1st October 2024

10,769

Movement in year due to: -

changes in tax rate

3,401

changes in tax allowances

5,222

changes in tax losses

(12,644

)

Balance at 30th September 2025

6,748

13.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

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

30.9.25

30.9.24

£

£

P C Grimes and M J Grimes

Balance outstanding at start of year

14,624

(711

)

Amounts advanced

264,462

222,335

Amounts repaid

(207,000

)

(207,000

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

72,086

14,624

14.	RELATED PARTY DISCLOSURES

P Grimes and M Grimes have a controlling interest in the company.

The company trades from property owned by P Grimes and M Grimes, both directors of the company. Rent charged to the company in the period amounted to £185,000 (2024: £185,000).

Interest was charged at the official rate on the overdrawn Directors' Current Account of £2,099 (2024: £1,141).