Registered number
06410532
Simplify Ergonomics Limited
Unaudited Filleted Accounts
31 October 2023
Simplify Ergonomics Limited
Registered number: 06410532
Balance Sheet
as at 31 October 2023
Notes 2023 2022
£ £
Current assets
Stocks 8,600 8,500
Debtors 3 2,095 1,197
Cash at bank and in hand 15,892 12,127
26,587 21,824
Creditors: amounts falling due within one year 4 (35,223) (29,073)
Net current liabilities (8,636) (7,249)
Net liabilities (8,636) (7,249)
Capital and reserves
Called up share capital 1,100 1,100
Profit and loss account (9,736) (8,349)
Shareholders' funds (8,636) (7,249)
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mr James Taylour
Director
Approved by the board on 29 July 2024
Simplify Ergonomics Limited
Notes to the Accounts
for the year ended 31 October 2023
1 Accounting policies
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).
Going Concern
The accounts show net liabilities. The director, James Taylour, considers it appropriate that the financial statements are prepared on a going concern basis as James Taylour as director, continues to support the business financially.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. 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.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 1 1
3 Debtors 2023 2022
£ £
Trade debtors 523 60
Other debtors 1,572 1,137
2,095 1,197
4 Creditors: amounts falling due within one year 2023 2022
£ £
Trade creditors 99 60
Director's and Shareholder's account 25,619 24,005
Other creditors 9,505 5,008
35,223 29,073
5 Related party transactions
During the year, Simplify Ergonomics Limited provided services at a standard market rate to Orangebox Limited, which is the employer of Company Director and Shareholder James Taylour. The amount of total amount invoiced in the year to Orangebox Limited was £7,541.56.
6 Transactions with Director
During the year, director James Taylour, used a current account with the company to record amounts due to him and amounts drawn by him. The account shows an amount owing back to James Taylour as director as at 31st October 2023 of £24,662.04 (2022: £23,387.04). The amounts are repayable on demand and do not carry interest.

During the year, shareholder Lucy Taylour, used a current account with the company to record amounts due to her and amounts drawn by her. The account shows an amount owing back to Lucy Taylour as shareholder as at 31st October 2023 of £957 (2022: £618.00).
7 Controlling party
Mr James Taylour is sole director and owns 50% of the share capital of the company. As the remaining 50% of the company's share capital is owned by his wife Mrs Lucy Taylour, the company's secretary, they are both jointly the company's ultimate controlling party.
8 Other information
Simplify Ergonomics Limited is a private company limited by shares and incorporated in England and Wales. Its registered office is:
Haddon Lodge
The Parade
Monmouth
NP25 3PA
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