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REGISTERED NUMBER: 05893692 (England and Wales)









Unaudited Financial Statements

for the Year Ended 31 October 2024

for

Simple Financial Advice Limited

Simple Financial Advice Limited (Registered number: 05893692)






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




Page

Balance Sheet 1

Notes to the Financial Statements 3


Simple Financial Advice Limited (Registered number: 05893692)

Balance Sheet
31 October 2024

31.10.24 31.10.23
Notes £    £   
FIXED ASSETS
Tangible assets 4 46,697 -

CURRENT ASSETS
Stocks 5,000 15,500
Debtors 5 61,488 60,798
Cash at bank and in hand 35,714 15,711
102,202 92,009
CREDITORS
Amounts falling due within one year 6 (18,921 ) (12,326 )
NET CURRENT ASSETS 83,281 79,683
TOTAL ASSETS LESS CURRENT LIABILITIES 129,978 79,683

CREDITORS
Amounts falling due after more than one
year

7

(181,012

)

(190,151

)
NET LIABILITIES (51,034 ) (110,468 )

CAPITAL AND RESERVES
Called up share capital 200 200
Retained earnings (51,234 ) (110,668 )
SHAREHOLDERS' FUNDS (51,034 ) (110,468 )

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.

Simple Financial Advice Limited (Registered number: 05893692)

Balance Sheet - continued
31 October 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 Board of Directors and authorised for issue on 19 May 2025 and were signed on its behalf by:





Mr J R Wilkinson - Director


Simple Financial Advice Limited (Registered number: 05893692)

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

1. STATUTORY INFORMATION

Simple Financial Advice 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: 05893692

Registered office: Westminster House
10 Westminster Road
Macclesfield
Cheshire
SK10 1BX

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, net of trade discounts.

When the outcome of a transaction can be estimated reliably, turnover from services is recognised by reference to the stage of completion at the balance sheet date. Stage of completion is measured by reference to finalisation of work completed.

Where the outcome cannot be measured reliably, turnover is recognised only to the extent of the expenses recognised that are recoverable.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 20% on cost
Motor vehicles - 25% on reducing balance

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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 AND DIRECTORS

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

Simple Financial Advice Limited (Registered number: 05893692)

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

4. TANGIBLE FIXED ASSETS
Fixtures
and Motor
fittings vehicles Totals
£    £    £   
COST
At 1 November 2023 124,538 - 124,538
Additions - 49,810 49,810
At 31 October 2024 124,538 49,810 174,348
DEPRECIATION
At 1 November 2023 124,538 - 124,538
Charge for year - 3,113 3,113
At 31 October 2024 124,538 3,113 127,651
NET BOOK VALUE
At 31 October 2024 - 46,697 46,697
At 31 October 2023 - - -

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.24 31.10.23
£    £   
Other debtors 61,488 60,798

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.24 31.10.23
£    £   
Bank loans and overdrafts 2,573 2,855
Hire purchase contracts 10,642 -
Trade creditors 1,058 1,505
Taxation and social security 724 481
Other creditors 3,924 7,485
18,921 12,326

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.10.24 31.10.23
£    £   
Bank loans 13,118 15,151
Hire purchase contracts 32,894 -
Other creditors 135,000 175,000
181,012 190,151