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REGISTERED NUMBER: 08535253 (England and Wales)















Unaudited Financial Statements

for the Period 1 April 2023 to 31 August 2024

for

Simply Accountants Limited

Simply Accountants Limited (Registered number: 08535253)






Contents of the Financial Statements
for the Period 1 April 2023 to 31 August 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Simply Accountants Limited

Company Information
for the Period 1 April 2023 to 31 August 2024







DIRECTOR: Mr S Kulasingam





REGISTERED OFFICE: 15a Walm Lane
London
NW2 5SJ





REGISTERED NUMBER: 08535253 (England and Wales)





ACCOUNTANTS: Simply Accountants Ltd
15a Walm Lane
London
NW2 5SJ

Simply Accountants Limited (Registered number: 08535253)

Balance Sheet
31 August 2024

31.8.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 131,733 159,727
Tangible assets 5 2,440 4,180
134,173 163,907

CURRENT ASSETS
Debtors 6 3,060 6,935
Prepayments and accrued income 3,950 10,120
Cash at bank 87,384 33,711
94,394 50,766
CREDITORS
Amounts falling due within one year 7 167,246 41,970
NET CURRENT (LIABILITIES)/ASSETS (72,852 ) 8,796
TOTAL ASSETS LESS CURRENT
LIABILITIES

61,321

172,703

CREDITORS
Amounts falling due after more than one
year

8

57,008

157,786
NET ASSETS 4,313 14,917

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 4,213 14,817
SHAREHOLDERS' FUNDS 4,313 14,917

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

The members have not required the company to obtain an audit of its financial statements for the period ended 31 August 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

Simply Accountants Limited (Registered number: 08535253)

Balance Sheet - continued
31 August 2024


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 19 March 2025 and were signed by:





Mr S Kulasingam - Director


Simply Accountants Limited (Registered number: 08535253)

Notes to the Financial Statements
for the Period 1 April 2023 to 31 August 2024

1. STATUTORY INFORMATION

Simply Accountants 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 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2021, is being amortised evenly over its estimated useful life of ten years.

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 etc - 25% on cost

Taxation
Taxation for the period 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 period 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 3 (2023 - 2 ) .

Simply Accountants Limited (Registered number: 08535253)

Notes to the Financial Statements - continued
for the Period 1 April 2023 to 31 August 2024

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2023
and 31 August 2024 197,600
AMORTISATION
At 1 April 2023 37,873
Amortisation for period 27,994
At 31 August 2024 65,867
NET BOOK VALUE
At 31 August 2024 131,733
At 31 March 2023 159,727

5. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
At 1 April 2023 7,260
Additions 1,280
Disposals (3,928 )
At 31 August 2024 4,612
DEPRECIATION
At 1 April 2023 3,080
Charge for period 1,252
Eliminated on disposal (2,160 )
At 31 August 2024 2,172
NET BOOK VALUE
At 31 August 2024 2,440
At 31 March 2023 4,180

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.3.23
£    £   
Trade debtors 3,060 6,935

Simply Accountants Limited (Registered number: 08535253)

Notes to the Financial Statements - continued
for the Period 1 April 2023 to 31 August 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.3.23
£    £   
Bank loans and overdrafts 58,618 7,873
Trade creditors 698 4,260
Tax 16,171 11,937
Social security and other taxes 137 2,088
VAT 4,880 10,637
Other creditors - 5,054
Directors' current accounts 86,742 121
167,246 41,970

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.8.24 31.3.23
£    £   
Bank loans 57,008 25,989
Directors' loan accounts - 131,797
57,008 157,786