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REGISTERED NUMBER: 05137978 (England and Wales)














Unaudited Financial Statements

for the Year Ended 31 December 2023

for

SIMPLY-COMMUNICATE LIMITED

SIMPLY-COMMUNICATE LIMITED (REGISTERED NUMBER: 05137978)

Contents of the Financial Statements
for the year ended 31 December 2023










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


SIMPLY-COMMUNICATE LIMITED

Company Information
for the year ended 31 December 2023







Directors: Mr G Etherington
Mr B P Reynolds





Registered office: The Walbrook Building
25 Walbrook
London
EC4N 8AW





Registered number: 05137978 (England and Wales)





Accountants: Cooper Parry Advisory Limited
New Derwent House
69-73 Theobalds Road
London
WC1X 8TA

SIMPLY-COMMUNICATE LIMITED (REGISTERED NUMBER: 05137978)

Statement of Financial Position
31 December 2023

2023 2022
Notes £    £    £    £   
Fixed assets
Tangible assets 4 5,660 9,586

Current assets
Debtors 5 695,182 664,529
Cash at bank 34,937 -
730,119 664,529
Creditors
Amounts falling due within one year 6 665,961 611,777
Net current assets 64,158 52,752
Total assets less current liabilities 69,818 62,338

Creditors
Amounts falling due after more than one
year

7

-

31,629
Net assets 69,818 30,709

Capital and reserves
Called up share capital 8 1 1
Capital redemption reserve 45,801 45,801
Retained earnings 24,016 (15,093 )
Shareholders' funds 69,818 30,709

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 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 applicable to companies subject to the small companies regime.

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

The financial statements were approved by the Board of Directors and authorised for issue on 13 September 2024 and were signed on its behalf by:




Mr G Etherington - Director


SIMPLY-COMMUNICATE LIMITED (REGISTERED NUMBER: 05137978)

Notes to the Financial Statements
for the year ended 31 December 2023


1. Statutory information

Simply-Communicate 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.

The presentation currency of the financial statements is the Pound Sterling (£).


2. Accounting policies

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

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.
Computer equipment - Straight line over 3 years

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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 7 (2022 - 8 ) .

SIMPLY-COMMUNICATE LIMITED (REGISTERED NUMBER: 05137978)

Notes to the Financial Statements - continued
for the year ended 31 December 2023


4. Tangible fixed assets
Computer
equipment
£   
Cost
At 1 January 2023 13,190
Additions 480
At 31 December 2023 13,670
Depreciation
At 1 January 2023 3,604
Charge for year 4,406
At 31 December 2023 8,010
Net book value
At 31 December 2023 5,660
At 31 December 2022 9,586

5. Debtors: amounts falling due within one year
2023 2022
£    £   
Trade debtors 65,000 259,000
Other debtors 630,182 405,529
695,182 664,529

6. Creditors: amounts falling due within one year
2023 2022
£    £   
Bank loans and overdrafts 103,866 112,511
Trade creditors 90,468 75,777
Taxation and social security 251,034 124,025
Other creditors 220,593 299,464
665,961 611,777

7. Creditors: amounts falling due after more than one year
2023 2022
£    £   
Bank loans - 31,629

8. Called up share capital

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
1 Ordinary 1 1 1

SIMPLY-COMMUNICATE LIMITED (REGISTERED NUMBER: 05137978)

Notes to the Financial Statements - continued
for the year ended 31 December 2023


9. Director's advances, credits and guarantees

The following advances and credits to a director subsisted during the years ended 31 December 2023 and 31 December 2022:

2023 2022
£    £   
Mr M J Q Wright
Balance outstanding at start of year 339,605 195,577
Amounts repaid 95,645 144,028
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 435,250 339,605