SIMPSON AND WEBB LIMITED

SIMPSON AND WEBB LIMITED

SIMPSON AND WEBB LIMITED - Company Information

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SIMPSON AND WEBB LIMITED

Company Registration Number:
02943290 (England and Wales)

Unaudited abridged accounts for the year ended 30 September 2018

Period of accounts

Start date: 01 October 2017

End date: 30 September 2018

SIMPSON AND WEBB LIMITED

Contents of the Financial Statements

for the Period Ended 30 September 2018

Balance sheet
Notes

SIMPSON AND WEBB LIMITED

Balance sheet

As at 30 September 2018


Notes
2018
2017


£
£
Fixed assets
Tangible assets: 3 5,616,194 5,162,010
Total fixed assets: 5,616,194 5,162,010
Current assets
Stocks: 12,750 12,550
Debtors:   3,238 2,451
Cash at bank and in hand: 145,687 25,803
Total current assets: 161,675 40,804
Creditors: amounts falling due within one year: 4 (486,754) (468,919)
Net current assets (liabilities): (325,079) (428,115)
Total assets less current liabilities: 5,291,115 4,733,895
Creditors: amounts falling due after more than one year: 5 (2,922,439) (2,794,095)
Provision for liabilities: (22,785) (7,415)
Total net assets (liabilities): 2,345,891 1,932,385
Capital and reserves
Called up share capital: 1,000,100 1,000,100
Profit and loss account: 1,345,791 932,285
Shareholders funds: 2,345,891 1,932,385

The notes form part of these financial statements

SIMPSON AND WEBB LIMITED

Balance sheet statements

For the year ending 30 September 2018 the company was entitled to exemption 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.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

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 & loss account.

This report was approved by the board of directors on 07 June 2019
and signed on behalf of the board by:

Name: N A Choudry
Status: Director

The notes form part of these financial statements

SIMPSON AND WEBB LIMITED

Notes to the Financial Statements

for the Period Ended 30 September 2018

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Turnover policy

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts and value added taxes.

Tangible fixed assets and depreciation policy

Plant and machinery 15% on written down value.

Valuation and information policy

The value of freehold property as stated is considered to be it's market value.

SIMPSON AND WEBB LIMITED

Notes to the Financial Statements

for the Period Ended 30 September 2018

2. Employees

2018 2017
Average number of employees during the period 31 26

SIMPSON AND WEBB LIMITED

Notes to the Financial Statements

for the Period Ended 30 September 2018

3. Tangible Assets

Total
Cost £
At 01 October 2017 6,067,086
Additions 509,573
At 30 September 2018 6,576,659
Depreciation
At 01 October 2017 905,076
Charge for year 55,389
At 30 September 2018 960,465
Net book value
At 30 September 2018 5,616,194
At 30 September 2017 5,162,010

SIMPSON AND WEBB LIMITED

Notes to the Financial Statements

for the Period Ended 30 September 2018

4. Creditors: amounts falling due within one year note

2018 2017 £ £Bank loans and overdrafts - 96327Trade creditors 131594 59095Taxation and social security 155207 96304Other creditors 199953 217193 486754 468919

SIMPSON AND WEBB LIMITED

Notes to the Financial Statements

for the Period Ended 30 September 2018

5. Creditors: amounts falling due after more than one year note

2018 2017 £ £Other creditors 2922439 2794095

SIMPSON AND WEBB LIMITED

Notes to the Financial Statements

for the Period Ended 30 September 2018

6. Related party transactions

Name of the related party: N A Choudry
Relationship:
Director
Description of the Transaction: Amount owed to the director.
£
Balance at 01 October 2017 1,478,377
Balance at 30 September 2018 1,396,283