SIMPSONS EXCAVATING CONTRACTORS (WOOLACOMBE) LIMITED


Directors	PACKER, Alan Ramon
	PACKER, Roderick John
	PINKNEY, Amanda Jane


Company Secretary	PINKNEY, Amanda Jane


Registered Address	Chilworth
	Station Rd.
	Woolacombe
	EX34 7HH


Registered Number	01038060 (England and Wales)

Statement of Financial Position
31 December 2025

	Notes	2025		2024
		£	£	£	£
Fixed assets
Tangible assets	3		187,580		201,434
			187,580		201,434
Current assets
Stocks	4	26,172		37,726
Debtors	5	62,333		36,039
Cash at bank and on hand		96,817		110,884
		185,322		184,649
Creditors amounts falling due within one year	6	(97,746)		(87,849)
Net current assets (liabilities)			87,576		96,800
Total assets less current liabilities			275,156		298,234
Creditors amounts falling due after one year	7		(2,494)		(9,978)
Provisions for liabilities	9		(30,436)		(32,988)
Net assets			242,226		255,268
Capital and reserves
Called up share capital			500		500
Profit and loss account			241,726		254,768
Shareholders' funds			242,226		255,268

The company was entitled to exemption from audit for this reporting period under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The Directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have chosen to not file a copy of the company’s profit and loss account under section 444 (5A) Companies Act 2006.

The financial statements were approved and authorised for issue by the Board of Directors on 21 September 2026, and are signed on its behalf by:

PACKER, Alan Ramon
Director

PACKER, Roderick John
Director

PINKNEY, Amanda Jane
Director

Registered Company No. 01038060

SIMPSONS EXCAVATING CONTRACTORS (WOOLACOMBE) LIMITED

Notes to the Financial Statements
for the year ended 31 December 2025

1.	Accounting policies

	Statutory information
	The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

	Statement of compliance
	The financial statements have been prepared in accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.

	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).

	Revenue from sale of goods
	Revenue from the sale of goods is recognised when the company has transferred to the buyer the significant risks and rewards of ownership of the goods, usually when goods are delivered and legal title has passed. Providing the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transition can be measured reliably.

Revenue from sale of goods

Revenue from the sale of goods is recognised when the company has transferred to the buyer the significant risks and rewards of ownership of the goods, usually when goods are delivered and legal title has passed. Providing the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transition can be measured reliably.

	Employee benefits
	Short-term employee benefits are measured at the undiscounted amount expected to be paid in exchange for the employee's services to the company. Where employees have accrued short-term benefits which the entity has not paid by the balance sheet date, an accrual is recognised within creditors: amounts falling due within one year together with an associated expense in profit or loss. The liabilities are classified as current obligations in the statement of financial position because they are expected to be settled wholly within twelve months after the end of the period.

Employee benefits

Short-term employee benefits are measured at the undiscounted amount expected to be paid in exchange for the employee's services to the company. Where employees have accrued short-term benefits which the entity has not paid by the balance sheet date, an accrual is recognised within creditors: amounts falling due within one year together with an associated expense in profit or loss. The liabilities are classified as current obligations in the statement of financial position because they are expected to be settled wholly within twelve months after the end of the period.

	Defined contribution pension plan
	The company operates a defined contribution pension plan for the benefit of its employees. Contributions are recognised as expenses as they become payable. Differences between contributions payable in the year and those actually paid are recognised as either prepayments or accruals in the balance sheet. The assets of the defined contribution pension scheme are held separately from those of the company in an independently administered fund.

Defined contribution pension plan

The company operates a defined contribution pension plan for the benefit of its employees. Contributions are recognised as expenses as they become payable. Differences between contributions payable in the year and those actually paid are recognised as either prepayments or accruals in the balance sheet. The assets of the defined contribution pension scheme are held separately from those of the company in an independently administered fund.

	Deferred tax
	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.

Deferred tax

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.

	Tangible fixed assets and depreciation
	All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:

Tangible fixed assets and depreciation

All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:


		Straight line (years)
	Land and buildings	1
	Plant and machinery	12

	Finance leases and hire purchase contracts
	Assets held under finance leases which are leases where substantially all the risks and rewards of ownership of the asset have passed to the company, and hire purchase contracts are capitalised in the balance sheet. They are depreciated over the shorter of their useful lives or the term of the lease.

	Stocks and work in progress
	Stock is valued at the lower of cost and estimated selling price less costs to complete and sell. The cost methodology employed by the entity is the first-in first-out method. Estimated selling price less costs to complete and sell are derived from the selling price which the goods would fetch in an open market transaction with established customers less the costs expected to be incurred to enable the sale to complete. Provision is made for slow-moving and obsolete items of stock. Such provisions are recognised in profit or loss. Work in progress is valued using the percentage of completion method and values are calculated using the lower of cost and estimated selling price less costs to complete and sell. When stocks are sold, the carrying amount of those stocks is recognised as an expense within cost of sales. This takes place in the same period that the associated revenue is recognised.

Stocks and work in progress

Stock is valued at the lower of cost and estimated selling price less costs to complete and sell. The cost methodology employed by the entity is the first-in first-out method. Estimated selling price less costs to complete and sell are derived from the selling price which the goods would fetch in an open market transaction with established customers less the costs expected to be incurred to enable the sale to complete. Provision is made for slow-moving and obsolete items of stock. Such provisions are recognised in profit or loss.

Work in progress is valued using the percentage of completion method and values are calculated using the lower of cost and estimated selling price less costs to complete and sell. When stocks are sold, the carrying amount of those stocks is recognised as an expense within cost of sales. This takes place in the same period that the associated revenue is recognised.

2.	Average number of employees


		2025		2024
	Average number of employees during the year	6		6

3.	Tangible fixed assets

	Land & buildings	Plant & machinery	Total
	£	£	£
Cost or valuation
At 01 January 25	36,875	300,902	337,777
Additions	-	17,599	17,599
At 31 December 25	36,875	318,501	355,376
Depreciation and impairment
At 01 January 25	8,740	127,603	136,343
Charge for year	369	31,084	31,453
At 31 December 25	9,109	158,687	167,796
Net book value
At 31 December 25	27,766	159,814	187,580
At 31 December 24	28,135	173,299	201,434


	The net book value of plant and equipment includes £46,312 (2024 £53,416) held under hire purchase contract. The amount of depreciation in respect of the asset amounted to £7,284 for the year (2024 £7,284).

4.	Stocks

	2025	2024
	£	£
Other stocks	26,172	37,726
Total	26,172	37,726

5.	Debtors: amounts due within one year

	2025	2024
	£	£
Trade debtors / trade receivables	58,234	31,917
Prepayments and accrued income	4,099	4,122
Total	62,333	36,039

6.	Creditors: amounts due within one year

	2025	2024
	£	£
Trade creditors / trade payables	22,580	22,327
Amounts owed to related parties	29,720	29,746
Taxation and social security	17,654	14,560
Finance lease and HP contracts	7,484	7,483
Other creditors	-	13,733
Accrued liabilities and deferred income	20,308	-
Total	97,746	87,849

7.	Creditors: amounts due after one year

	2025	2024
	£	£
Other creditors	2,494	9,978
Total	2,494	9,978

8.	Obligations under finance leases

		2025		2024
		£		£
	Finance lease and HP contracts	9,978		17,461

9.	Provisions for liabilities

	2025	2024
	£	£
Net deferred tax liability (asset)	30,436	32,988
Total	30,436	32,988

10.	Related party transactions
	The directors continue to support the company in the form of their current accounts as follows: Director 01 January 2025 31 December 2025 £ £ A J Pinkney 10,487 10,461 A P Packer 12,130 12,130 R J Packer 7,129 7,129 At no time during the year did any of the directors owe any amount to the company their accounts remaining in credit for the full year.

11.	Controlling party
	During the year ended 31 December 2025 the three directors A J Pinkney, A R Packer and R J Packer have control by virtue of their combined shareholding of 78% as connected parties.