2023-02-012024-01-312024-01-31false05045148Simple Claims 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Simple Claims Ltd

Registered Number
05045148
(England and Wales)

Unaudited Financial Statements for the Year ended
31 January 2024

Simple Claims Ltd
Company Information
for the year from 1 February 2023 to 31 January 2024

Directors

K Mehr
S Shafiq

Registered Address

Simplex House
Freshwater Road
Dagenham
RM8 1RX

Registered Number

05045148 (England and Wales)
Simple Claims Ltd
Balance Sheet as at
31 January 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Tangible assets31,7822,228
1,7822,228
Current assets
Debtors4250,367148,831
Cash at bank and on hand14,81679,638
265,183228,469
Creditors amounts falling due within one year5(203,275)(78,619)
Net current assets (liabilities)61,908149,850
Total assets less current liabilities63,690152,078
Creditors amounts falling due after one year6(33,211)(38,785)
Net assets30,479113,293
Capital and reserves
Called up share capital750750
Profit and loss account29,729112,543
Shareholders' funds30,479113,293
The financial statements were approved and authorised for issue by the Board of Directors on 30 October 2024, and are signed on its behalf by:
K Mehr
Director
Registered Company No. 05045148
Simple Claims Ltd
Notes to the Financial Statements
for the year ended 31 January 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Turnover policy
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.
Employee benefits
Contributions to defined contribution plans are expensed in the period to which they relate.
Current taxation
Taxation for the year 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.
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:

Reducing balance (%)
Fixtures and fittings20
Office Equipment20
2.Average number of employees

20242023
Average number of employees during the year55
3.Tangible fixed assets

Fixtures & fittings

Office Equipment

Total

£££
Cost or valuation
At 01 February 234,52915,92020,449
At 31 January 244,52915,92020,449
Depreciation and impairment
At 01 February 233,77014,45118,221
Charge for year152294446
At 31 January 243,92214,74518,667
Net book value
At 31 January 246071,1751,782
At 31 January 237591,4692,228
4.Debtors: amounts due within one year

2024

2023

££
Trade debtors / trade receivables1,7023,331
Amounts owed by group undertakings2,400-
Other debtors246,265145,500
Total250,367148,831
5.Creditors: amounts due within one year

2024

2023

££
Trade creditors / trade payables2,00021,403
Bank borrowings and overdrafts5,5185,518
Amounts owed to related parties155,829-
Taxation and social security14,48020,313
Other creditors23,02728,994
Accrued liabilities and deferred income2,4212,391
Total203,27578,619
6.Creditors: amounts due after one year

2024

2023

££
Bank borrowings and overdrafts33,21138,785
Total33,21138,785
7.Related party transactions
Amounts owed by group undertakings of £2,400 (2023: Nil), relates to Simple Accident Holdings Ltd, this is the holding company. Other debtors includes £135,500 (£2023: £135,500), this relates to Simple East (Holdings) Ltd, there is common directorship in this company. Also other debtors includes the director's current account balance of debit £32,925 (2023: credit £75), this balance was repaid back within 9 months after the year-end. Amounts owed to related parties of £155,829 (2023: Nil) relates to Simple Self Drive Ltd, there is common directorship in this company.