REGISTERED NUMBER: 00416128 (England and Wales)

Unaudited Financial Statements for the Year Ended 30 September 2018

for

A E Simmons Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr I S Ritchie

Mr S J Ritchie

Mr A J Ritchie

SECRETARY:

Mr I S Ritchie

REGISTERED OFFICE:

Bilton Road

Waterhouse Lane

Chelmsford

Essex

CM1 2UJ

REGISTERED NUMBER:

00416128 (England and Wales)

ACCOUNTANTS:

NSO Associates LLP

75 Springfield Road

Chelmsford

Essex

CM2 6JB

FIXED ASSETS

211,908

Tangible assets

4

134,481

CURRENT ASSETS

14,500

Stocks

14,500

758,242

Debtors

5

911,366

115,344

Cash at bank and in hand

116,902

888,086

1,042,768

CREDITORS

472,881

Amounts falling due within one year

6

715,920

415,205

NET CURRENT ASSETS

326,848

627,113

TOTAL ASSETS LESS CURRENT LIABILITIES

461,329

CREDITORS

(87,224

)

Amounts falling due after more than one year

7

(53,905

)

(19,634

)

PROVISIONS FOR LIABILITIES

(8,114

)

520,255

NET ASSETS

399,310

CAPITAL AND RESERVES

85,007

Called up share capital

85,007

15,000

Capital redemption reserve

15,000

420,248

Retained earnings

299,303

520,255

SHAREHOLDERS' FUNDS

399,310

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2018 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 of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors on 7 February 2019 and were signed on its behalf by:

Mr A J Ritchie - Director

Mr S J Ritchie - Director

1.	STATUTORY INFORMATION

A E Simmons 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.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" 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.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Land and buildings

-

over the lease term

Plant and machinery etc

-

33% on cost and at variable rates on reducing balance

Stocks

Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance

for obsolete and slow moving items.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in

bringing stocks to their present location and condition.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

Hire purchase and leasing commitments

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 37 (2017 - 34 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

Totals

buildings

etc

£

£

£

COST

At 1 October 2017

2,634,871

70,470

2,564,401

Additions

15,742

-

15,742

At 30 September 2018

2,650,613

70,470

2,580,143

DEPRECIATION

At 1 October 2017

2,422,963

59,976

2,362,987

Charge for year

93,169

1,312

91,857

At 30 September 2018

2,516,132

61,288

2,454,844

NET BOOK VALUE

At 30 September 2018

134,481

9,182

125,299

At 30 September 2017

211,908

10,494

201,414

Included within the net book value of £134,488 is £113,586 (2017: £142,490) relating to assets held under hire

purchase agreements. The depreciation charged to the accounts in the year in respect of such assets amounted to

£38,567 (2017: £39,850).

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.9.18

30.9.17

£

£

Trade debtors

861,103

608,147

Other debtors

50,263

150,095

911,366

758,242

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.9.18

30.9.17

£

£

Hire purchase contracts

34,030

29,373

Trade creditors

486,478

359,117

Taxation and social security

48,464

53,127

Other creditors

146,948

31,264

715,920

472,881

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

30.9.18

30.9.17

£

£

Hire purchase contracts

53,905

87,224

8.	OTHER FINANCIAL COMMITMENTS

At 30 September the company had total commitments under non-cancellable operating leases as set out below.

2018

2017

Premises

Other Items

Premises

Other Items

Operating Leases which expire:

£

£

£

£

Within 1 year

-

-

39,500

9.636

Within 1-2 years

-

-

-

-

Within 2-5 years

498,950

-

-

-