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REGISTERED NUMBER: 13937194 (England and Wales)












Unaudited Financial Statements

for the Year Ended 29 February 2024

for

SSImple Ltd

SSImple Ltd (Registered number: 13937194)






Contents of the Financial Statements
for the Year Ended 29 February 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


SSImple Ltd

Company Information
for the Year Ended 29 February 2024







DIRECTORS: M De Puydt
W P Meenaghan





REGISTERED OFFICE: Capital Office
124 City Road
London
EC1V 2NX





REGISTERED NUMBER: 13937194 (England and Wales)





ACCOUNTANTS: Tropman & Co Limited
39 Station Road
Liphook
Hampshire
GU30 7DW

SSImple Ltd (Registered number: 13937194)

Balance Sheet
29 February 2024

29.2.24 28.2.23
Notes £    £   
CURRENT ASSETS
Stocks 5 157,074 -
Debtors 6 295,663 -
Cash at bank 43,901 6,752
496,638 6,752
CREDITORS
Amounts falling due within one year 7 278,604 272,232
NET CURRENT ASSETS/(LIABILITIES) 218,034 (265,480 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

218,034

(265,480

)

CAPITAL AND RESERVES
Called up share capital 1,245 1,000
Share premium 8 669,755 -
Retained earnings 8 (452,966 ) (266,480 )
SHAREHOLDERS' FUNDS 218,034 (265,480 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 2024 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 11 July 2024 and were signed on its behalf by:





M De Puydt - Director


SSImple Ltd (Registered number: 13937194)

Notes to the Financial Statements
for the Year Ended 29 February 2024

1. STATUTORY INFORMATION

SSImple Ltd 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.

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

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

An impairment loss has been recognised in the Income Statement, following an assessment at the Balance Sheet date indicating the recoverable amount was less than its carrying value.

Licences are being amortised evenly over their estimated useful life.

Work in progress
Work in progress is valued at the lower of cost and net realisable value.

Research and development
Expenditure on research and development costs are written off in the year in which they are incurred directly to the profit and loss account.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - NIL ) .

4. INTANGIBLE FIXED ASSETS
Licences
£   
COST
Additions 58,030
Impairments (58,030 )
At 29 February 2024 -
NET BOOK VALUE
At 29 February 2024 -

5. STOCKS
29.2.24 28.2.23
£    £   
Work-in-progress 157,074 -

SSImple Ltd (Registered number: 13937194)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£    £   
Trade debtors 154,231 -
VAT 141,432 -
295,663 -

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£    £   
Trade creditors 275,940 -
Other creditors - 270,000
Directors' current accounts 864 432
Accrued expenses 1,800 1,800
278,604 272,232

Other creditors represents monies held by the company at the Balance Sheet date in relation to an Advanced Subscription Agreement between the company and Explore 123 Limited.The share issue being made after the year end.

8. RESERVES
Retained Share
earnings premium Totals
£    £    £   

At 1 March 2023 (266,480 ) - (266,480 )
Deficit for the year (186,486 ) (186,486 )
Share Premium - 669,755 669,755
At 29 February 2024 (452,966 ) 669,755 216,789