IRIS Accounts Production v25.1.4.42 13409801 director 1.1.24 31.12.24 31.12.24 12.6.25 false true true false false true false Auditors Opinion Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh134098012023-12-31134098012024-12-31134098012024-01-012024-12-31134098012022-12-31134098012023-01-012023-12-31134098012023-12-3113409801ns15:EnglandWales2024-01-012024-12-3113409801ns14:PoundSterling2024-01-012024-12-3113409801ns10:Director12024-01-012024-12-3113409801ns10:PrivateLimitedCompanyLtd2024-01-012024-12-3113409801ns10:SmallEntities2024-01-012024-12-3113409801ns10:Audited2024-01-012024-12-3113409801ns10:SmallCompaniesRegimeForDirectorsReport2024-01-012024-12-3113409801ns10:SmallCompaniesRegimeForAccounts2024-01-012024-12-3113409801ns10:FullAccounts2024-01-012024-12-3113409801ns10:OrdinaryShareClass12024-01-012024-12-3113409801ns10:Director22024-01-012024-12-3113409801ns10:RegisteredOffice2024-01-012024-12-3113409801ns5:CurrentFinancialInstruments2024-12-3113409801ns5:CurrentFinancialInstruments2023-12-3113409801ns5:ShareCapital2024-12-3113409801ns5:ShareCapital2023-12-3113409801ns5:RetainedEarningsAccumulatedLosses2024-12-3113409801ns5:RetainedEarningsAccumulatedLosses2023-12-3113409801ns5:CurrentFinancialInstrumentsns5:WithinOneYear2024-12-3113409801ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-12-3113409801ns10:OrdinaryShareClass12024-12-3113409801ns5:RetainedEarningsAccumulatedLosses2023-12-3113409801ns5:RetainedEarningsAccumulatedLosses2024-01-012024-12-31
REGISTERED NUMBER: 13409801 (England and Wales)












SIMPLE.LIFE APPS UK LTD

REPORT OF THE DIRECTOR AND

AUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024






SIMPLE.LIFE APPS UK LTD (REGISTERED NUMBER: 13409801)

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










Page

Company Information 1

Report of the Director 2

Balance Sheet 3

Notes to the Financial Statements 4


SIMPLE.LIFE APPS UK LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2024







DIRECTOR: Mr C A Joannou Bsc, Msc, Phd, FCCA





REGISTERED OFFICE: Sterling House
Fulbourne Road
Walthamstow
London
E17 4EE





REGISTERED NUMBER: 13409801 (England and Wales)





AUDITORS: Georgiades Charalambou & Co LLP
283 Green Lanes
Palmers Green
London
N13 4XS

SIMPLE.LIFE APPS UK LTD (REGISTERED NUMBER: 13409801)

REPORT OF THE DIRECTOR
FOR THE YEAR ENDED 31 DECEMBER 2024


The director presents his report with the financial statements of the company for the year ended 31 December 2024.

PRINCIPAL ACTIVITY
The principal activity of the company in the year under review was that of information technology consultancy services.

DIRECTOR
Mr C A Joannou Bsc, Msc, Phd, FCCA held office during the whole of the period from 1 January 2024 to the date of this report.

DIRECTOR'S RESPONSIBILITIES STATEMENT
The director is responsible for preparing the Report of the Director and the financial statements in accordance with applicable law and regulations.

Company law requires the director to prepare financial statements for each financial year. Under that law the director has elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the director must not approve the financial statements unless he is satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these financial statements, the director is required to:

-select suitable accounting policies and then apply them consistently;
-make judgements and accounting estimates that are reasonable and prudent;
-prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The director is responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable him to ensure that the financial statements comply with the Companies Act 2006. He is also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

STATEMENT AS TO DISCLOSURE OF INFORMATION TO AUDITORS
So far as the director is aware, there is no relevant audit information (as defined by Section 418 of the Companies Act 2006) of which the company's auditors are unaware, and he has taken all the steps that he ought to have taken as a director in order to make himself aware of any relevant audit information and to establish that the company's auditors are aware of that information.

AUDITORS
The auditors, Georgiades Charalambou & Co LLP, will be proposed for re-appointment at the forthcoming Annual General Meeting.

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

ON BEHALF OF THE BOARD:





Mr C A Joannou BSc,MSc, PhD, FCCA - Director


12 June 2025

SIMPLE.LIFE APPS UK LTD (REGISTERED NUMBER: 13409801)

BALANCE SHEET
31 DECEMBER 2024

31.12.24 31.12.23
Notes £    £   
CURRENT ASSETS
Debtors 4 62,084 29,197
Cash at bank 105,611 165,306
167,695 194,503
CREDITORS
Amounts falling due within one year 5 26,992 114,503
NET CURRENT ASSETS 140,703 80,000
TOTAL ASSETS LESS CURRENT
LIABILITIES

140,703

80,000

CAPITAL AND RESERVES
Called up share capital 6 1,000 1,000
Retained earnings 7 139,703 79,000
SHAREHOLDERS' FUNDS 140,703 80,000

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 12 June 2025 and were signed by:





Mr C A Joannou BSc,MSc, PhD, FCCA - Director


SIMPLE.LIFE APPS UK LTD (REGISTERED NUMBER: 13409801)

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


1. STATUTORY INFORMATION

SIMPLE.LIFE APPS UK 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 represents amounts derived from the provision of services to customers during the year, and is recognised at the date the service was provided. This is stated after trade discounts, other sales taxes and net of VAT.

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.

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 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 balance sheet 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.

SIMPLE.LIFE APPS UK LTD (REGISTERED NUMBER: 13409801)

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


2. ACCOUNTING POLICIES - continued

Debtors receivable within one year
Debtors with no stated interest rate and receivable within one year are recorded at transaction price. Any losses arising from impairment are recognised as an expense in other administrative expenses.

Creditors payable within one year
Creditors with no stated interest rate and payable within one year are recorded at transaction price. Any losses arising from impairment are recognised as an expense in other administrative expenses.

Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs and are measured subsequently at amortised cost using the effective interest method.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 14 (2023 - 19 ) .

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Trade debtors 56,370 28,979
VAT 821 218
Prepayments and accrued income 4,893 -
62,084 29,197

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Trade creditors 76 304
Tax 20,206 21,603
Social security and other taxes - 81,472
Accrued expenses 6,710 11,124
26,992 114,503

6. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.12.24 31.12.23
value: £    £   
1,000 Ordinary £1 1,000 1,000

7. RESERVES
Retained
earnings
£   

At 1 January 2024 79,000
Profit for the year 60,703
At 31 December 2024 139,703

SIMPLE.LIFE APPS UK LTD (REGISTERED NUMBER: 13409801)

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


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

The Report of the Auditors was unqualified.

Mr. Masud Abdul - Karim (Senior Statutory Auditor)
for and on behalf of Georgiades Charalambou & Co LLP

9. RELATED PARTY DISCLOSURES

The parent company is Palta Group, a company registered under Company Number: IC-411696.
The registered office is at 2nd Floor Harbour Place, 103 South Church Street, George Town, Grand Cayman, Cayman Islands.

10. ULTIMATE CONTROLLING PARTY

The parent company is Palta Group, a company registered in Cayman Islands,
Company Number: IC-411696.