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Registration number: 07643614

Simplytech Finance Limited

Annual Report and Unaudited Abridged Financial Statements

for the Year Ended 31 May 2024

 

Simplytech Finance Limited

(Registration number: 07643614)
Abridged Balance Sheet as at 31 May 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

2

3,355

4,474

Investments

3

589,140

590,690

 

592,495

595,164

Current assets

 

Debtors

-

80

Cash at bank and in hand

 

84

74

 

84

154

Creditors: Amounts falling due within one year

(184,240)

(179,891)

Net current liabilities

 

(184,156)

(179,737)

Net assets

 

408,339

415,427

Capital and reserves

 

Called up share capital

2

2

Retained earnings

408,337

415,425

Shareholders' funds

 

408,339

415,427

For the financial year ending 31 May 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and FRS 102 ‘The Financial Reporting Standard Applicable in the UK and Republic of Ireland’.

All of the company’s members have consented to the preparation of an Abridged Profit and Loss Account and an Abridged Balance Sheet in accordance with Section 444(2A) of the Companies Act 2006.

Approved and authorised by the Board on 26 February 2025 and signed on its behalf by:
 

 

Simplytech Finance Limited

(Registration number: 07643614)
Abridged Balance Sheet as at 31 May 2024

.........................................
Ritesh Chopade
Director

 

Simplytech Finance Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 May 2024

1

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 0 (2023 - 0).

2

Tangible assets

Furniture, fittings and equipment
 £

Total
£

Cost or valuation

At 1 June 2023

21,810

21,810

At 31 May 2024

21,810

21,810

Depreciation

At 1 June 2023

17,336

17,336

Charge for the year

1,119

1,119

At 31 May 2024

18,455

18,455

Carrying amount

At 31 May 2024

3,355

3,355

At 31 May 2023

4,474

4,474

3

Investments

Total
£

Cost or valuation

At 1 June 2023

589,140

Provision

Carrying amount

At 31 May 2024

589,140

At 31 May 2023

590,690