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REGISTERED NUMBER: 08874417 (England and Wales)















FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024

FOR

SIMPLY ECO LTD

SIMPLY ECO LTD (REGISTERED NUMBER: 08874417)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


SIMPLY ECO LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 AUGUST 2024







DIRECTORS: A Sidhu
B Sidhu





REGISTERED OFFICE: Unit 4 Great Barr Business Park
Baltimore Road
Great Barr
Birmingham
West Midlands
B42 1DY





REGISTERED NUMBER: 08874417 (England and Wales)





ACCOUNTANTS: SPS Accounting Ltd
1st Floor
44 Queen Street
Wolverhampton
West Midlands
WV1 3BJ

SIMPLY ECO LTD (REGISTERED NUMBER: 08874417)

BALANCE SHEET
31 AUGUST 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Intangible assets 4 250,000 -
Tangible assets 5 1,135,605 133,179
1,385,605 133,179

CURRENT ASSETS
Stocks 98,220 55,175
Debtors 6 2,043,337 903,787
Cash at bank 624,695 149,971
2,766,252 1,108,933
CREDITORS
Amounts falling due within one year 7 3,677,381 697,197
NET CURRENT (LIABILITIES)/ASSETS (911,129 ) 411,736
TOTAL ASSETS LESS CURRENT
LIABILITIES

474,476

544,915

CREDITORS
Amounts falling due after more than one
year

8

19,622

29,400
NET ASSETS 454,854 515,515

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 454,754 515,415
SHAREHOLDERS' FUNDS 454,854 515,515

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 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.

SIMPLY ECO LTD (REGISTERED NUMBER: 08874417)

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 Board of Directors and authorised for issue on 29 May 2025 and were signed on its behalf by:





B Sidhu - Director


SIMPLY ECO LTD (REGISTERED NUMBER: 08874417)

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

1. STATUTORY INFORMATION

Simply Eco Ltd 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.

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.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Patents and licences are being amortised evenly over their estimated useful life of nil 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 reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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 balance sheet date.

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 22 (2023 - 15 ) .

SIMPLY ECO LTD (REGISTERED NUMBER: 08874417)

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

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
Additions 250,000
At 31 August 2024 250,000
NET BOOK VALUE
At 31 August 2024 250,000

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 September 2023 347,821
Additions 1,380,962
At 31 August 2024 1,728,783
DEPRECIATION
At 1 September 2023 214,642
Charge for year 378,536
At 31 August 2024 593,178
NET BOOK VALUE
At 31 August 2024 1,135,605
At 31 August 2023 133,179

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 2,037,929 893,287
Other debtors 5,408 10,500
2,043,337 903,787

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 370,409 159,728
Amounts owed to associates 182,386 175,736
Taxation and social security 113,325 119,704
Other creditors 3,011,261 242,029
3,677,381 697,197

SIMPLY ECO LTD (REGISTERED NUMBER: 08874417)

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

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 19,622 29,400