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REGISTERED NUMBER: 11514195 (England and Wales)















FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024

FOR

SIMPLER POSTAGE LIMITED

SIMPLER POSTAGE LIMITED (REGISTERED NUMBER: 11514195)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024




Page

Company information 1

Balance sheet 2

Notes to the financial statements 3


SIMPLER POSTAGE LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 AUGUST 2024







Director: Mr J L Streebin





Secretary: Vistra Cosec Limited





Registered office: First Floor Templeback
10 Templeback
Bristol
BS1 6FL





Registered number: 11514195 (England and Wales)





Auditors: Fuller & Roper Limited
Chartered Accountants and Statutory Auditors
12 Old Mills Industrial Estate
Paulton
BS39 7SU

SIMPLER POSTAGE LIMITED (REGISTERED NUMBER: 11514195)

BALANCE SHEET
31 AUGUST 2024

2024 2023
Notes £ £
CURRENT ASSETS
Debtors 4 1,209 2,523

CREDITORS
Amounts falling due within one year 5 (533,842 ) (526,301 )
NET CURRENT LIABILITIES (532,633 ) (523,778 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(532,633

)

(523,778

)

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (532,733 ) (523,878 )
(532,633 ) (523,778 )

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 director and authorised for issue on 6 March 2025 and were signed by:





Mr J L Streebin - Director


SIMPLER POSTAGE LIMITED (REGISTERED NUMBER: 11514195)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

1. STATUTORY INFORMATION

Simpler Postage Limited 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.

The Company’s functional and presentational currency is pounds sterling (GBP) and the financial statements have been rounded to the nearest pound (£).

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.

Financial instruments
The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Classification of financial liabilities
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into.

Basic financial liabilities
Basic financial liabilities, including creditors, and loans from fellow group companies are initially recognised at transaction price.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are initially recognised at transaction price.

Going concern
The financial statements have been prepared using the going concern basis. This is considered appropriate as the parent company has undertaken not to withdraw amounts owed to it until such time that the company has the ability to repay these amounts and to continue to provide additional funds to the company as necessary to allow it to continue trading.

3. EMPLOYEES AND DIRECTORS

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

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Prepayments 1,209 2,523

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Trade creditors 1,641 2,635
Amounts owed to group undertakings 526,723 518,578
Accrued expenses 5,478 5,088
533,842 526,301

Amounts owed to the parent company, Simpler Postage, Inc., are unsecured, interest free and repayable on demand.

SIMPLER POSTAGE LIMITED (REGISTERED NUMBER: 11514195)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2024

6. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the auditors was unqualified.

Simon Roper (Senior Statutory Auditor)
for and on behalf of Fuller & Roper Limited

7. CONTINGENT LIABILITIES

The company has received a demand from HM Revenue & Customs for £126k of unpaid payroll related taxes for the years 2019 to 2021. It is the opinion of the director that these amounts are not owed to HM Revenue & Customs and the company is in the process of contesting them.

8. CONTROLLING PARTY

The immediate and ultimate parent company is Simpler Postage, Inc. which is incorporated in the United States of America, with registered office at 2889 Ashton Boulevard, Suite 325, Lehi, Utah 84043, United States of America.