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REGISTERED NUMBER: 07966801 (England and Wales)















Unaudited Financial Statements

for the Period 1 March 2023 to 31 May 2024

for

So Simple Security Ltd

So Simple Security Ltd (Registered number: 07966801)






Contents of the Financial Statements
for the Period 1 March 2023 to 31 May 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


So Simple Security Ltd

Company Information
for the Period 1 March 2023 to 31 May 2024







DIRECTORS: M R Holland
Mrs C M Holland
Ms E L Sheridan





REGISTERED OFFICE: 132-134 Lots Road
London
SW10 0RJ





REGISTERED NUMBER: 07966801 (England and Wales)





ACCOUNTANTS: Style Accountants Limited
Bank House
Southwick Square
Southwick
West Sussex
BN42 4FN

So Simple Security Ltd (Registered number: 07966801)

Balance Sheet
31 May 2024

31.5.24 28.2.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 23,028 26,947

CURRENT ASSETS
Stocks 3,500 800
Debtors 5 105,868 47,235
109,368 48,035
CREDITORS
Amounts falling due within one year 6 83,675 20,438
NET CURRENT ASSETS 25,693 27,597
TOTAL ASSETS LESS CURRENT
LIABILITIES

48,721

54,544

CREDITORS
Amounts falling due after more than one
year

7

48,621

50,778
NET ASSETS 100 3,766

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings - 3,666
SHAREHOLDERS' FUNDS 100 3,766

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 May 2024.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 May 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.

So Simple Security Ltd (Registered number: 07966801)

Balance Sheet - continued
31 May 2024


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 10 January 2025 and were signed on its behalf by:





M R Holland - Director


So Simple Security Ltd (Registered number: 07966801)

Notes to the Financial Statements
for the Period 1 March 2023 to 31 May 2024

1. STATUTORY INFORMATION

So Simple Security 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 represents net invoiced sales of goods and services, excluding value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on reducing balance and 20% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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 period was 4 (2023 - 2 ) .

So Simple Security Ltd (Registered number: 07966801)

Notes to the Financial Statements - continued
for the Period 1 March 2023 to 31 May 2024

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 March 2023 52,490
Additions 31,284
Disposals (49,990 )
At 31 May 2024 33,784
DEPRECIATION
At 1 March 2023 25,543
Charge for period 8,256
Eliminated on disposal (23,043 )
At 31 May 2024 10,756
NET BOOK VALUE
At 31 May 2024 23,028
At 28 February 2023 26,947

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 28.2.23
£    £   
Trade debtors 6,096 1,836
Other debtors 99,772 45,399
105,868 47,235

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 28.2.23
£    £   
Bank loans and overdrafts 47,574 6,346
Trade creditors 7,443 -
Taxation and social security 27,094 12,527
Other creditors 1,564 1,565
83,675 20,438

So Simple Security Ltd (Registered number: 07966801)

Notes to the Financial Statements - continued
for the Period 1 March 2023 to 31 May 2024

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
31.5.24 28.2.23
£    £   
Hire purchase contracts 22,241 21,528
Other creditors 26,380 29,250
48,621 50,778

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the period ended 31 May 2024 and the year ended 28 February 2023:

31.5.24 28.2.23
£    £   
M R Holland and Mrs C M Holland
Balance outstanding at start of period 34,264 34,264
Amounts advanced 40,652 -
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of period 74,916 34,264