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Registered number: 09360360

SIMPLYTECH COMMUNICATION LTD

ACCOUNTS
FOR THE YEAR ENDED 31/12/2023

Prepared By:
Primus Accounting Ltd
896 Woodborough Road
Nottingham
NG3 5QR

SIMPLYTECH COMMUNICATION LTD

ACCOUNTS
FOR THE YEAR ENDED 31/12/2023
DIRECTORS
SLAWOMIR GRZESIAK
REGISTERED OFFICE
11 ROBERT DUKESON AVE
NEWARK
NOTTINGHAM
NG24 2FF
COMPANY DETAILS
Private company limited by shares registered in EW - England and Wales, registered number 09360360
ACCOUNTANTS
Primus Accounting Ltd
896 Woodborough Road
Nottingham
NG3 5QR

SIMPLYTECH COMMUNICATION LTD

ACCOUNTS
FOR THEYEARENDED31/12/2023
CONTENTS
Page
Directors' Report-
Statement Of Comprehensive Income-
Balance Sheet3
Notes To The Accounts4
The following do not form part of the statutory financial statements:
Trading And Profit And Loss Account-
Profit And Loss Account Summaries-

SIMPLYTECH COMMUNICATION LTD

BALANCE SHEET AT 31/12/2023
20232022
Notes££
FIXED ASSETS
Tangible assets31,5071,342
CURRENT ASSETS
Stock34,12837,455
Debtors58,648397
Cash at bank and in hand28,34566,423
71,121104,275
CREDITORS: Amounts falling due within one year612,57859,683
NET CURRENT ASSETS58,54344,592
TOTAL ASSETS LESS CURRENT LIABILITIES60,05045,934
CAPITAL AND RESERVES
Called up share capital711
Profit and loss account60,04945,933
SHAREHOLDERS' FUNDS60,05045,934
For the year ending 31/12/2023 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.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have decided not to deliver to the registrar a copy of the company's profit and loss account.
Approved by the board on 31/10/2024 and signed on their behalf by
.............................
SLAWOMIR GRZESIAK
Director

SIMPLYTECH COMMUNICATION LTD

NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31/12/2023
1. ACCOUNTING POLICIES
1a. Basis Of Accounting
The accounts have been prepared under the historical cost convention.
The accounts have been prepared in accordance with FRS102 section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 .
1b. Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
Equipmentreducing balance 25%
1c. Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell (net realisable value). Costs, which comprise direct production costs, are based on the method most appropriate to the type of inventory class, but usually on a first-in-first-out basis. Overheads are charged to profit or loss as incurred. Net realisable value is based on the estimated selling price less any estimated completion or selling costs.
When stocks are sold, the carrying amount of those stocks is recognised as an expense in the period in which the related revenue is recognised. The amount of any write-down of stocks to net realisable value and all losses of stocks are recognised as an expense in the period in which the write-down or loss occurs. The amount of any reversal of any write-down of stocks is recognised as a reduction in the amount of stocks recognised as an expense in the period in which the reversal occurs.
1d. Foreign Currency
Transactions in currencies, other than the functional currency of the company, are recorded at the rate of the exchange on the date the transaction occurred. Monetary items denominated in other currencies are translated at the rate prevailing at the end of the reporting period. All differences are taken to the profit and loss account. Non-monetary items that are measured at the historic cost in a foreign currency are not retranslated.
2. EMPLOYEES
20232022
No.No.
Average number of employees--

SIMPLYTECH COMMUNICATION LTD

3. TANGIBLE FIXED ASSETS
EquipmentTotal
££
Cost
At 01/01/20232,2392,239
Additions966966
At 31/12/20233,2053,205
Depreciation
At 01/01/2023897897
For the year801801
At 31/12/20231,6981,698
Net Book Amounts
At 31/12/20231,5071,507
At 31/12/20221,3421,342
4. STOCK 20232022
££
Stock comprises:
Stock34,12837,455
34,12837,455
5. DEBTORS 20232022
££
Amounts falling due within one year
Trade debtors-397
Other debtors8,648-
8,648397
6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
20232022
££
UK corporation tax10,6399,988
VAT7084,414
PAYE control119276
Trade creditors1309
Other creditors98244,996
12,57859,683

SIMPLYTECH COMMUNICATION LTD

7. SHARE CAPITAL 20232022
££
Allotted, issued and fully paid:
1 Ordinary shares of £1 each11
11