IRIS Accounts Production v24.3.0.553 10523987 director 1.1.23 31.1.24 31.1.24 31.10.24 false true false false true false Auditors Opinion Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh105239872022-12-31105239872024-01-31105239872023-01-012024-01-31105239872021-12-31105239872022-01-012022-12-31105239872022-12-3110523987ns15:EnglandWales2023-01-012024-01-3110523987ns14:PoundSterling2023-01-012024-01-3110523987ns10:Director12023-01-012024-01-3110523987ns10:PrivateLimitedCompanyLtd2023-01-012024-01-3110523987ns10:SmallEntities2023-01-012024-01-3110523987ns10:Audited2023-01-012024-01-3110523987ns10:SmallCompaniesRegimeForDirectorsReport2023-01-012024-01-3110523987ns10:SmallCompaniesRegimeForAccounts2023-01-012024-01-3110523987ns10:FullAccounts2023-01-012024-01-3110523987ns10:OrdinaryShareClass12023-01-012024-01-3110523987ns10:RegisteredOffice2023-01-012024-01-3110523987ns5:CurrentFinancialInstruments2024-01-3110523987ns5:CurrentFinancialInstruments2022-12-3110523987ns5:ShareCapital2024-01-3110523987ns5:ShareCapital2022-12-3110523987ns5:RetainedEarningsAccumulatedLosses2024-01-3110523987ns5:RetainedEarningsAccumulatedLosses2022-12-3110523987ns5:LeaseholdImprovements2023-01-012024-01-3110523987ns5:FurnitureFittings2023-01-012024-01-3110523987ns5:ComputerEquipment2023-01-012024-01-3110523987ns5:LeaseholdImprovements2022-12-3110523987ns5:FurnitureFittings2022-12-3110523987ns5:ComputerEquipment2022-12-3110523987ns5:LeaseholdImprovements2024-01-3110523987ns5:FurnitureFittings2024-01-3110523987ns5:ComputerEquipment2024-01-3110523987ns5:LeaseholdImprovements2022-12-3110523987ns5:FurnitureFittings2022-12-3110523987ns5:ComputerEquipment2022-12-3110523987ns5:WithinOneYearns5:CurrentFinancialInstruments2024-01-3110523987ns5:WithinOneYearns5:CurrentFinancialInstruments2022-12-3110523987ns5:WithinOneYear2024-01-3110523987ns5:WithinOneYear2022-12-3110523987ns5:BetweenOneFiveYears2024-01-3110523987ns5:BetweenOneFiveYears2022-12-3110523987ns5:AllPeriods2024-01-3110523987ns5:AllPeriods2022-12-3110523987ns10:OrdinaryShareClass12024-01-31
REGISTERED NUMBER: 10523987 (England and Wales)















FINANCIAL STATEMENTS FOR THE PERIOD 1 JANUARY 2023 TO 31 JANUARY 2024

FOR

SIMPPLR LIMITED

SIMPPLR LIMITED (REGISTERED NUMBER: 10523987)






CONTENTS OF THE FINANCIAL STATEMENTS
For The Period 1 January 2023 to 31 January 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


SIMPPLR LIMITED

COMPANY INFORMATION
For The Period 1 January 2023 to 31 January 2024







DIRECTOR: D Sharma





REGISTERED OFFICE: Unit 11 Diddenham Court
Lambwood Hill
Grazeley
Reading
Berkshire
RG7 1JQ





REGISTERED NUMBER: 10523987 (England and Wales)





AUDITORS: Banks & Co Limited
Chartered Certified Accountants
1 Carnegie Road
Newbury
Berkshire
RG14 5DJ

SIMPPLR LIMITED (REGISTERED NUMBER: 10523987)

BALANCE SHEET
31 January 2024

2024 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 31,469 74,237

CURRENT ASSETS
Debtors 5 176,215 48,106
Cash at bank 96,519 13,482
272,734 61,588
CREDITORS
Amounts falling due within one year 6 201,282 38,121
NET CURRENT ASSETS 71,452 23,467
TOTAL ASSETS LESS CURRENT
LIABILITIES

102,921

97,704

PROVISIONS FOR LIABILITIES 7,092 13,375
NET ASSETS 95,829 84,329

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 95,729 84,229
SHAREHOLDERS' FUNDS 95,829 84,329

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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 31 October 2024 and were signed by:





D Sharma - Director


SIMPPLR LIMITED (REGISTERED NUMBER: 10523987)

NOTES TO THE FINANCIAL STATEMENTS
For The Period 1 January 2023 to 31 January 2024

1. STATUTORY INFORMATION

Simpplr 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 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.

The presentation currency of the financial statements is GB Pounds Sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest pound.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Revenue is recognised for the provision of services as the contractual activity progresses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - 33% on cost
Fixtures and fittings - 20% on cost
Computer equipment - 33% on cost

Financial instruments
Basic financial assets, including trade and other receivables, cash and bank balances are initially recognised at transaction price, unless the arrangement constitutes a financing transaction,where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Such assets are subsequently carried at amortised cost using the effective interest method.

At the end of each reporting period financial assets measured at amortised cost are assessed for objective evidence of impairment. If an asset is impaired the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset's original effective interest rate. The impairment loss is recognised in profit or loss.

Impairment of financial assets
If there is a decrease in the impairment loss arising from an event occurring after the impairment was recognised the impairment is reversed. The reversal is such that the current carrying amount does not exceed what the carrying amount would have been had the impairment not previously been recognised. The impairment reversal is recognised in profit or loss.

SIMPPLR LIMITED (REGISTERED NUMBER: 10523987)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Period 1 January 2023 to 31 January 2024

2. ACCOUNTING POLICIES - continued

Derecognition of financial assets
Financial assets are derecognised when (a) the contractual rights to the cash flows from the asset expire or are settled; or (b) substantially all the risks and rewards of the ownership of the asset are transferred to another party; or (c) despite having retained some significant risks and rewards of ownership, control of the asset has been transferred to another party who has the practical ability to unilaterally sell the asset to an unrelated third party without imposing additional restrictions.

Financial liabilities
Basic financial liabilities, including trade and other payables and loans from fellow group companies, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future receipts discounted at market rate of interest.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade payables are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented at amortised cost using the effective interest method.

Derecognition of financial liabilities
Financial liabilities are derecognised when liability is extinguished, that is when the contractual obligation is discharged, cancelled or expires.

Taxation
Taxation for the period 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 period 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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

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.

SIMPPLR LIMITED (REGISTERED NUMBER: 10523987)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Period 1 January 2023 to 31 January 2024

2. ACCOUNTING POLICIES - continued

Going concern
The company has cash resources and access to other forms of finance. The director has received confirmation that the company will be financially supported by the parent company for a period of at least 12 months from the date of approval of these financial statements. Consequently,there is a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future.

Having regard to the above, the director believes it appropriate to adopt the going concern basis of accounting in preparing the financial statements.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 30 (2022 - 22 ) .

4. TANGIBLE FIXED ASSETS
Improvements Fixtures
to and Computer
property fittings equipment Totals
£    £    £    £   
COST
At 1 January 2023 6,068 6,054 84,786 96,908
Additions - - 11,192 11,192
Disposals (6,068 ) - (48,412 ) (54,480 )
At 31 January 2024 - 6,054 47,566 53,620
DEPRECIATION
At 1 January 2023 552 485 21,634 22,671
Charge for period 2,022 1,093 28,820 31,935
Eliminated on disposal (2,574 ) - (29,881 ) (32,455 )
At 31 January 2024 - 1,578 20,573 22,151
NET BOOK VALUE
At 31 January 2024 - 4,476 26,993 31,469
At 31 December 2022 5,516 5,569 63,152 74,237

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2022
£    £   
Amounts owed by group undertakings 141,925 33,553
Other debtors 34,290 14,553
176,215 48,106

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2022
£    £   
Trade creditors 24,462 6,195
Taxation and social security 136,742 2,292
Other creditors 40,078 29,634
201,282 38,121

SIMPPLR LIMITED (REGISTERED NUMBER: 10523987)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Period 1 January 2023 to 31 January 2024

7. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2024 2022
£    £   
Within one year 48,000 69,300
Between one and five years 4,000 113,400
52,000 182,700

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2022
value: £    £   
100 Ordinary £1.00 100 100

9. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

RML Taylor FCCA (Senior Statutory Auditor)
for and on behalf of Banks & Co Limited

10. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Simpplr Inc, incorporated in the USA. Their address is Redwood City, California, USA.