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REGISTERED NUMBER: 12041178 (England and Wales)











UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2024

FOR

SIMPILE LIMITED

SIMPILE LIMITED (REGISTERED NUMBER: 12041178)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024










Page

Balance Sheet 1

Notes to the Financial Statements 2


SIMPILE LIMITED (REGISTERED NUMBER: 12041178)

BALANCE SHEET
30 JUNE 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 4 115,851 128,704

CURRENT ASSETS
Debtors 5 188,737 70,042
Cash at bank 75,861 168,813
264,598 238,855
CREDITORS
Amounts falling due within one year 6 (197,455 ) (174,242 )
NET CURRENT ASSETS 67,143 64,613
TOTAL ASSETS LESS CURRENT
LIABILITIES

182,994

193,317

PROVISIONS FOR LIABILITIES 7 (28,300 ) (24,000 )
NET ASSETS 154,694 169,317

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 154,594 169,217
154,694 169,317

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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 19 February 2025 and were signed on its behalf by:





T L Gander - Director


SIMPILE LIMITED (REGISTERED NUMBER: 12041178)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024


1. STATUTORY INFORMATION

Simpile Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 12041178

Registered office: 15 West Street
Brighton
East Sussex
BN1 2RL

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery- 25% reducing balance
Fixtures and fittings- 25% straight line
Motor vehicles- 25% reducing balance
Computer equipment- 25% straight line

Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

Financial instruments
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

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.

SIMPILE LIMITED (REGISTERED NUMBER: 12041178)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024


2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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

The average number of employees during the year was 13 (2023 - 11 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 July 2023 123,400 10,981 32,800 4,424 171,605
Additions 70,440 223 - 5,483 76,146
Disposals (70,000 ) - - - (70,000 )
At 30 June 2024 123,840 11,204 32,800 9,907 177,751
DEPRECIATION
At 1 July 2023 30,850 2,745 8,200 1,106 42,901
Charge for year 25,724 2,778 6,150 1,847 36,499
Eliminated on disposal (17,500 ) - - - (17,500 )
At 30 June 2024 39,074 5,523 14,350 2,953 61,900
NET BOOK VALUE
At 30 June 2024 84,766 5,681 18,450 6,954 115,851
At 30 June 2023 92,550 8,236 24,600 3,318 128,704

SIMPILE LIMITED (REGISTERED NUMBER: 12041178)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024


4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts or finance leases are as follows:
Motor
vehicles
£   
COST
At 1 July 2023
and 30 June 2024 24,800
DEPRECIATION
At 1 July 2023 6,200
Charge for year 4,650
At 30 June 2024 10,850
NET BOOK VALUE
At 30 June 2024 13,950
At 30 June 2023 18,600

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 108,504 33,002
Other debtors 35,385 -
VAT 12,798 23,056
Prepayments and accrued income 32,050 13,984
188,737 70,042

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 110,181 4,835
Tax 5,470 15,515
Social security and other taxes 22,844 14,617
Other creditors 15,995 11,721
Directors' current accounts 39,326 93,100
Accruals and deferred income 3,639 34,454
197,455 174,242

7. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 28,300 24,000

Deferred
tax
£   
Balance at 1 July 2023 24,000
Provided during year 4,300
Balance at 30 June 2024 28,300