Acorah Software Products - Accounts Production 16.1.300 false true 30 April 2023 1 May 2022 false 1 May 2023 30 April 2024 30 April 2024 06847157 Mr Lee Dolby Mr Ross Doughty Mr Robert Town Mr Robert Town iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 06847157 2023-04-30 06847157 2024-04-30 06847157 2023-05-01 2024-04-30 06847157 frs-core:CurrentFinancialInstruments 2024-04-30 06847157 frs-core:Non-currentFinancialInstruments 2024-04-30 06847157 frs-core:BetweenOneFiveYears 2024-04-30 06847157 frs-core:ComputerEquipment 2024-04-30 06847157 frs-core:ComputerEquipment 2023-05-01 2024-04-30 06847157 frs-core:ComputerEquipment 2023-04-30 06847157 frs-core:FurnitureFittings 2024-04-30 06847157 frs-core:FurnitureFittings 2023-05-01 2024-04-30 06847157 frs-core:FurnitureFittings 2023-04-30 06847157 frs-core:MoreThanFiveYears 2024-04-30 06847157 frs-core:MotorVehicles 2024-04-30 06847157 frs-core:MotorVehicles 2023-05-01 2024-04-30 06847157 frs-core:MotorVehicles 2023-04-30 06847157 frs-core:PlantMachinery 2024-04-30 06847157 frs-core:PlantMachinery 2023-05-01 2024-04-30 06847157 frs-core:PlantMachinery 2023-04-30 06847157 frs-core:WithinOneYear 2024-04-30 06847157 frs-core:ShareCapital 2024-04-30 06847157 frs-core:RetainedEarningsAccumulatedLosses 2024-04-30 06847157 frs-bus:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30 06847157 frs-bus:FilletedAccounts 2023-05-01 2024-04-30 06847157 frs-bus:SmallEntities 2023-05-01 2024-04-30 06847157 frs-bus:AuditExempt-NoAccountantsReport 2023-05-01 2024-04-30 06847157 frs-bus:SmallCompaniesRegimeForAccounts 2023-05-01 2024-04-30 06847157 frs-bus:Director1 2023-05-01 2024-04-30 06847157 frs-bus:Director1 2023-04-30 06847157 frs-bus:Director1 2024-04-30 06847157 frs-bus:Director2 2023-05-01 2024-04-30 06847157 frs-bus:Director2 2023-04-30 06847157 frs-bus:Director2 2024-04-30 06847157 frs-bus:Director3 2023-05-01 2024-04-30 06847157 frs-bus:Director3 2023-04-30 06847157 frs-bus:Director3 2024-04-30 06847157 frs-bus:CompanySecretary1 2023-05-01 2024-04-30 06847157 frs-countries:EnglandWales 2023-05-01 2024-04-30 06847157 2022-04-30 06847157 2023-04-30 06847157 2022-05-01 2023-04-30 06847157 frs-core:CurrentFinancialInstruments 2023-04-30 06847157 frs-core:Non-currentFinancialInstruments 2023-04-30 06847157 frs-core:BetweenOneFiveYears 2023-04-30 06847157 frs-core:MoreThanFiveYears 2023-04-30 06847157 frs-core:WithinOneYear 2023-04-30 06847157 frs-core:ShareCapital 2023-04-30 06847157 frs-core:RetainedEarningsAccumulatedLosses 2023-04-30
Registered number: 06847157
Simplee UK Ltd
Unaudited Financial Statements
For The Year Ended 30 April 2024
1 Accounts Online Ltd
Rubine House
Manor Road
Haverhill
Suffolk
CB9 0EP
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 06847157
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 186,052 55,112
186,052 55,112
CURRENT ASSETS
Stocks 5 16,215 11,429
Debtors 6 321,144 306,024
Cash at bank and in hand 49,300 9,104
386,659 326,557
Creditors: Amounts Falling Due Within One Year 7 (370,441 ) (285,079 )
NET CURRENT ASSETS (LIABILITIES) 16,218 41,478
TOTAL ASSETS LESS CURRENT LIABILITIES 202,270 96,590
Creditors: Amounts Falling Due After More Than One Year 8 (164,731 ) (78,125 )
PROVISIONS FOR LIABILITIES
Provisions For Charges (1,310 ) (818 )
Deferred Taxation (9,371 ) (13,596 )
NET ASSETS 26,858 4,051
CAPITAL AND RESERVES
Called up share capital 11 120 100
Profit and Loss Account 26,738 3,951
SHAREHOLDERS' FUNDS 26,858 4,051
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For the year ending 30 April 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Lee Dolby
Director
Mr Ross Doughty
Director
Mr Robert Town
Director
29 January 2025
The notes on pages 3 to 6 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Simplee UK Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 06847157 . The registered office is J Building, Stafford Park, Liston, Suffolk, CO10 7HX.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery Reducing Balance 25%
Motor Vehicles Reducing Balance 25%
Fixtures & Fittings Reducing Balance 25%
Computer Equipment Reducing Balance 25%
2.4. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account as incurred.
2.5. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
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2.6. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 18 (2023: 17)
18 17
4. Tangible Assets
Plant & Machinery Motor Vehicles Fixtures & Fittings Computer Equipment Total
£ £ £ £ £
Cost
As at 1 May 2023 13,859 - 81,810 19,095 114,764
Additions 3,593 179,825 1,603 1,881 186,902
Disposals - - (439 ) - (439 )
As at 30 April 2024 17,452 179,825 82,974 20,976 301,227
Depreciation
As at 1 May 2023 5,195 - 43,546 10,911 59,652
Provided during the period 2,320 41,210 9,565 2,428 55,523
As at 30 April 2024 7,515 41,210 53,111 13,339 115,175
Net Book Value
As at 30 April 2024 9,937 138,615 29,863 7,637 186,052
As at 1 May 2023 8,664 - 38,264 8,184 55,112
5. Stocks
2024 2023
£ £
Materials 16,215 11,429
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6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 201,767 192,538
Prepayments and accrued income 1,364 1,842
Other debtors 41,246 59,473
Net wages - 120
Directors' loan accounts 76,767 52,051
321,144 306,024
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 24,392 -
Trade creditors 66,666 65,014
Bank loans and overdrafts 147,002 92,072
Corporation tax 62,366 76,413
Other taxes and social security 12,695 3,476
VAT 55,233 23,368
Net wages 1,868 -
Accruals and deferred income 219 14,286
Directors' loan accounts - 10,450
370,441 285,079
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 124,106 -
Bank loans 40,625 78,125
164,731 78,125
9. Secured Creditors
Of the creditors falling due within and after more than one year the following amounts are secured.
The company has receiving a guarantee from the UK Government under the CBIL scheme for part of the loan.
2024 2023
£ £
Bank loans and overdrafts 187,627 170,197
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10. Obligations Under Finance Leases and Hire Purchase
2024 2023
£ £
The future minimum finance lease payments are as follows:
Not later than one year 24,392 -
Later than one year and not later than five years 124,106 -
148,498 -
148,498 -
11. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 120 100
12. Other Commitments
The total of future minimum lease payments under non-cancellable operating leases are as following:
2024 2023
£ £
Not later than one year 51,403 47,976
Later than one year and not later than five years 155,286 123,101
Later than five years 46,659 5,573
253,348 176,650
13. Directors Advances, Credits and Guarantees
Included within debtors (2023: debtors and creditors) are the following loans to directors:
As at 1 May 2023 Amounts advanced Amounts repaid Amounts written off As at 30 April 2024
£ £ £ £ £
Mr Lee Dolby 44,525 16,786 (984 ) - 60,327
Mr Ross Doughty 7,526 16,499 (7,751 ) - 16,274
Mr Robert Town (10,450 ) 10,616 - - 166
The above loans are unsecured, interest free on credit balances and 2.25% (2023: 2%) on debit balances and repayable on demand.
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