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REGISTERED NUMBER: SC331902 (Scotland)















Unaudited Financial Statements for the Year Ended 31 October 2024

for

SimpleHelp Ltd

SimpleHelp Ltd (Registered number: SC331902)






Contents of the Financial Statements
for the Year Ended 31 October 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


SimpleHelp Ltd

Company Information
for the Year Ended 31 October 2024







DIRECTORS: Dr G D Christelis
Ms L E Cursham
A Miguel





SECRETARY: Dr G D Christelis





REGISTERED OFFICE: 5 South Charlotte Street
Edinburgh
EH2 4AN





REGISTERED NUMBER: SC331902 (Scotland)





ACCOUNTANTS: One Accounting Ltd
Chartered Management Accountants
Drumsheugh Toll
2 Belford Road
Edinburgh
Midlothian
EH4 3BL

SimpleHelp Ltd (Registered number: SC331902)

Statement of Financial Position
31 October 2024

31.10.24 31.10.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 21,752 19,204
Investments 5 377,161 1,057,114
398,913 1,076,318

CURRENT ASSETS
Debtors 6 39,916 91,965
Cash at bank 503,243 337,765
543,159 429,730
CREDITORS
Amounts falling due within one year 7 187,345 186,551
NET CURRENT ASSETS 355,814 243,179
TOTAL ASSETS LESS CURRENT
LIABILITIES

754,727

1,319,497

PROVISIONS FOR LIABILITIES 5,438 4,801
NET ASSETS 749,289 1,314,696

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings 748,289 1,313,696
SHAREHOLDERS' FUNDS 749,289 1,314,696

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 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 12 March 2025 and were signed on its behalf by:





Dr G D Christelis - Director


SimpleHelp Ltd (Registered number: SC331902)

Notes to the Financial Statements
for the Year Ended 31 October 2024

1. STATUTORY INFORMATION

SimpleHelp Ltd is a private company, limited by shares , registered in Scotland. 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 as modified by the revaluation of certain assets.

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.
Plant and machinery - 25% on reducing balance
Computer equipments - 20% on cost

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the statement of financial position date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

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.

Investments
The company invests in listed shares which are managed by a fund manager. The company intends to hold the shares for more than one year, so they are presented as fixed asset investments. Under FRS102 the investments are revalued at the year end to their fair value, which can be measured reliably. Movements in this fair value are recognised in the Income Statement.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2023 - 5 ) .

SimpleHelp Ltd (Registered number: SC331902)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2024

4. TANGIBLE FIXED ASSETS
Plant and Computer
machinery equipments Totals
£    £    £   
COST
At 1 November 2023 54,325 242 54,567
Additions 8,389 525 8,914
At 31 October 2024 62,714 767 63,481
DEPRECIATION
At 1 November 2023 35,323 40 35,363
Charge for year 6,265 101 6,366
At 31 October 2024 41,588 141 41,729
NET BOOK VALUE
At 31 October 2024 21,126 626 21,752
At 31 October 2023 19,002 202 19,204

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST OR VALUATION
At 1 November 2023 1,057,114
Additions 70,750
Disposals (921,230 )
Revaluations 170,527
At 31 October 2024 377,161
NET BOOK VALUE
At 31 October 2024 377,161
At 31 October 2023 1,057,114

Cost or valuation at 31 October 2024 is represented by:

Other
investments
£   
Valuation in 2022 (94,532 )
Valuation in 2023 26,922
Valuation in 2024 170,527
Cost 274,244
377,161

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.24 31.10.23
£    £   
Trade debtors 37,264 90,827
Prepayments and accrued income 2,652 1,138
39,916 91,965

SimpleHelp Ltd (Registered number: SC331902)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.24 31.10.23
£    £   
Tax 164,388 164,958
Social security and other taxes 6,238 7,309
VAT 4,109 3,788
Other creditors 1,694 123
Directors' current accounts 7,390 6,766
Accrued expenses 3,526 3,607
187,345 186,551

8. RELATED PARTY DISCLOSURES

During the year, total dividends of £1,231,000 (2023 - £332,000) were paid to the directors .