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REGISTERED NUMBER: 13313242 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 April 2024

for

Simple Trade Solutions Ltd

Simple Trade Solutions Ltd (Registered number: 13313242)






Contents of the Financial Statements
for the Year Ended 30 April 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Simple Trade Solutions Ltd

Company Information
for the Year Ended 30 April 2024







DIRECTORS: Mr A Ball
Mr A White





REGISTERED OFFICE: Maghull Business Centre
1 Liverpool Road North
Maghull
Merseyside
L31 2HB





REGISTERED NUMBER: 13313242 (England and Wales)





ACCOUNTANTS: McParland Williams Limited
13 Liverpool Road North
Maghull
Merseyside
L31 2HB

Simple Trade Solutions Ltd (Registered number: 13313242)

Balance Sheet
30 April 2024

30.4.24 30.4.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 1,205 -
Tangible assets 5 5,124 4,682
6,329 4,682

CURRENT ASSETS
Debtors 6 498,374 322,013
Cash at bank and in hand 17,447 31,701
515,821 353,714
CREDITORS
Amounts falling due within one year 7 473,525 332,321
NET CURRENT ASSETS 42,296 21,393
TOTAL ASSETS LESS CURRENT
LIABILITIES

48,625

26,075

PROVISIONS FOR LIABILITIES 1,281 890
NET ASSETS 47,344 25,185

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 47,244 25,085
47,344 25,185

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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.

Simple Trade Solutions Ltd (Registered number: 13313242)

Balance Sheet - continued
30 April 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 20 January 2025 and were signed on its behalf by:




Mr A Ball - Director



Mr A White - Director


Simple Trade Solutions Ltd (Registered number: 13313242)

Notes to the Financial Statements
for the Year Ended 30 April 2024

1. STATUTORY INFORMATION

Simple Trade Solutions 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.

Development costs are being amortised evenly over their estimated useful life of nil years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

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.

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 year 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.

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.

Simple Trade Solutions Ltd (Registered number: 13313242)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2023 - 4 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
Additions 1,416
At 30 April 2024 1,416
AMORTISATION
Charge for year 211
At 30 April 2024 211
NET BOOK VALUE
At 30 April 2024 1,205

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 May 2023 6,549
Additions 2,610
At 30 April 2024 9,159
DEPRECIATION
At 1 May 2023 1,867
Charge for year 2,168
At 30 April 2024 4,035
NET BOOK VALUE
At 30 April 2024 5,124
At 30 April 2023 4,682

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Trade debtors 465,592 321,036
Amounts owed by participating interests 31,752 -
Other debtors 1,030 977
498,374 322,013

Simple Trade Solutions Ltd (Registered number: 13313242)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Trade creditors 339,936 261,187
Taxation and social security 80,641 38,687
Other creditors 52,948 32,447
473,525 332,321