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Company Registration No. 08594424 (England and Wales)
Simply Solve It Limited Unaudited accounts for the year ended 31 July 2023
Simply Solve It Limited Unaudited accounts Contents
Page
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Simply Solve It Limited Company Information for the year ended 31 July 2023
Directors
Mr M Lee Mr P Towler
Company Number
08594424 (England and Wales)
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Simply Solve It Limited Statement of financial position as at 31 July 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
11,378 
81,224 
Current assets
Debtors
35,734 
15,695 
Cash at bank and in hand
5,187 
2,777 
40,921 
18,472 
Creditors: amounts falling due within one year
(51,837)
(43,768)
Net current liabilities
(10,916)
(25,296)
Total assets less current liabilities
462 
55,928 
Creditors: amounts falling due after more than one year
(25,525)
(29,250)
Net (liabilities)/assets
(25,063)
26,678 
Capital and reserves
Called up share capital
2 
2 
Profit and loss account
(25,065)
26,676 
Shareholders' funds
(25,063)
26,678 
For the year ending 31 July 2023 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 18 April 2024 and were signed on its behalf by
Mr P Towler Director Company Registration No. 08594424
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Simply Solve It Limited Notes to the Accounts for the year ended 31 July 2023
1
Statutory information
Simply Solve It Limited is a private company, limited by shares, registered in England and Wales, registration number 08594424.
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
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:
Motor vehicles
20% on cost
Fixtures & fittings
20% on cost
4
Tangible fixed assets
Motor vehicles 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 August 2022
27,800 
130,674 
- 
158,474 
Additions
- 
- 
1,788 
1,788 
Disposals
- 
(81,930)
- 
(81,930)
At 31 July 2023
27,800 
48,744 
1,788 
78,332 
Depreciation
At 1 August 2022
18,141 
59,109 
- 
77,250 
Charge for the year
5,560 
- 
- 
5,560 
On disposals
- 
(15,856)
- 
(15,856)
At 31 July 2023
23,701 
43,253 
- 
66,954 
Net book value
At 31 July 2023
4,099 
5,491 
1,788 
11,378 
At 31 July 2022
9,659 
71,565 
- 
81,224 
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Simply Solve It Limited Notes to the Accounts for the year ended 31 July 2023
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
35,734 
15,695 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
9,000 
9,000 
VAT
2,600 
14,887 
Trade creditors
- 
2,448 
Taxes and social security
712 
16,523 
Other creditors
- 
910 
Loans from directors
39,525 
- 
51,837 
43,768 
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
25,525 
29,250 
8
Average number of employees
During the year the average number of employees was 7 (2022: 7).
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