Company Registration No. 02991695 (England and Wales)
Lloyd Simpson Incentives Limited
Unaudited accounts
for the year ended 31 December 2025
Lloyd Simpson Incentives Limited
Unaudited accounts
Contents
Lloyd Simpson Incentives Limited
Company Information
for the year ended 31 December 2025
Directors
GL Simpson
CT Dickinson
Company Number
02991695 (England and Wales)
Registered Office
Braemar House
Snelsins Road
Cleckheaton
West Yorkshire
BD19 3UE
Accountants
Pearson & Associates
Suite E, Canal Wharf
Eshton Road
Gargrave, Skipton
North Yorkshire
BD23 3SE
Lloyd Simpson Incentives Limited
Statement of financial position
as at 31 December 2025
Tangible assets
537,068
1,095,298
Investments
459,170
436,054
Inventories
237,593
250,615
Cash at bank and in hand
1,430,003
761,303
Creditors: amounts falling due within one year
(1,536,237)
(1,456,450)
Net current assets
1,078,638
313,810
Total assets less current liabilities
2,074,876
1,845,162
Creditors: amounts falling due after more than one year
(42,438)
(275,080)
Provisions for liabilities
Deferred tax
(125,395)
(99,326)
Net assets
1,907,043
1,470,756
Called up share capital
102
102
Profit and loss account
1,898,760
1,462,473
Shareholders' funds
1,907,043
1,470,756
For the year ending 31 December 2025 the company was entitled to exemption from audit 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 and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 7 September 2026 and were signed on its behalf by
GL Simpson
Director
Company Registration No. 02991695
Lloyd Simpson Incentives Limited
Notes to the Accounts
for the year ended 31 December 2025
Lloyd Simpson Incentives Limited is a private company, limited by shares, registered in England and Wales, registration number 02991695. The registered office is Braemar House, Snelsins Road, Cleckheaton, West Yorkshire, BD19 3UE.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
2% on Cost
Plant & machinery
20% Reducing Balance
Motor vehicles
25% Reducing Balance
Fixtures & fittings
20% Reducing Balance
Computer equipment
20% Reducing Balance
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
Lloyd Simpson Incentives Limited
Notes to the Accounts
for the year ended 31 December 2025
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term.
Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
4
Tangible fixed assets
Land & buildings
Plant & machinery
Motor vehicles
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At cost
At cost
At 1 January 2025
690,265
722,705
155,496
394,869
205,608
2,168,943
Additions
29,150
4,499
-
201,899
30,731
266,279
Disposals
(690,265)
(61,317)
-
(116,958)
(165,911)
(1,034,451)
At 31 December 2025
29,150
665,887
155,496
479,810
70,428
1,400,771
At 1 January 2025
-
439,312
146,040
297,265
191,028
1,073,645
Charge for the year
-
58,394
2,364
64,470
9,016
134,244
On disposals
-
(61,317)
-
(116,958)
(165,911)
(344,186)
At 31 December 2025
-
436,389
148,404
244,777
34,133
863,703
At 31 December 2025
29,150
229,498
7,092
235,033
36,295
537,068
At 31 December 2024
690,265
283,393
9,456
97,604
14,580
1,095,298
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Investments
Subsidiary undertakings
Valuation at 1 January 2025
436,054
Valuation at 31 December 2025
459,170
Amounts falling due within one year
Trade debtors
893,839
745,903
Accrued income and prepayments
34,584
-
Other debtors
18,856
12,439
Lloyd Simpson Incentives Limited
Notes to the Accounts
for the year ended 31 December 2025
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Creditors: amounts falling due within one year
2025
2024
Bank loans and overdrafts
-
18,814
Obligations under finance leases and hire purchase contracts
39,697
39,697
Trade creditors
1,119,286
1,049,603
Taxes and social security
241,408
261,542
8
Creditors: amounts falling due after more than one year
2025
2024
Obligations under finance leases and hire purchase contracts
42,438
82,123
9
Average number of employees
During the year the average number of employees was 39 (2024: 38).