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REGISTERED NUMBER: 05555825














UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED

30 SEPTEMBER 2023

FOR

SIMPLY BRANDS DIRECT LIMITED

SIMPLY BRANDS DIRECT LIMITED (REGISTERED NUMBER: 05555825)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


SIMPLY BRANDS DIRECT LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 SEPTEMBER 2023







DIRECTOR: Mr H Soni





REGISTERED OFFICE: Unit 3B
Sambhav House
Greenhill Way
Harrow
Middlesex
HA1 1AF





REGISTERED NUMBER: 05555825





ACCOUNTANTS: David Simon Limited
Chartered Certified Accountants
5 Jardine House
Harrovian Business Village
Bessborough Road
Harrow
Middlesex
HA1 3EX

SIMPLY BRANDS DIRECT LIMITED (REGISTERED NUMBER: 05555825)

STATEMENT OF FINANCIAL POSITION
30 SEPTEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 - 92

CURRENT ASSETS
Stocks 26,191 83,688
Debtors 5 116,622 358,709
Cash at bank 22 239
142,835 442,636
CREDITORS
Amounts falling due within one year 6 963,763 1,016,047
NET CURRENT LIABILITIES (820,928 ) (573,411 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(820,928

)

(573,319

)

CREDITORS
Amounts falling due after more than one
year

7

17,500

65,170
NET LIABILITIES (838,428 ) (638,489 )

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings (839,428 ) (639,489 )
SHAREHOLDERS' FUNDS (838,428 ) (638,489 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2023 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.

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 27 June 2025 and were signed by:





Mr H Soni - Director


SIMPLY BRANDS DIRECT LIMITED (REGISTERED NUMBER: 05555825)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023

1. STATUTORY INFORMATION

Simply Brands Direct Limited is a private company, limited by shares , registered in Not specified/Other. 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.

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 - 33.33% on cost and 20% on cost

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

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.

Grants receivable
Business grants are credited to profit and loss account on an accruals basis where it is probable that they will be received.

Government assisted loans
Loans received through the Bounce Back Loan Scheme (BBLS) or the Coronavirus Business Interruption Loan Scheme (CBILS) are accounted for on the date the funds are received by the company. The first twelve months of the interest charge, which is funded by the government, is recognised in the profit and loss account as both an interest charge and as a government grant receivable.

Going concern
Notwithstanding the deficit of assets at the balance sheet date these financial statements have been prepared on the going concern basis on the basis that the director has given an undertaking to support the company until it returns to a net assets position. He considers that it is appropriate to prepare the accounts on the going concern basis.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 11 (2022 - 13 ) .

SIMPLY BRANDS DIRECT LIMITED (REGISTERED NUMBER: 05555825)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2023

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 October 2022
and 30 September 2023 15,087
DEPRECIATION
At 1 October 2022 14,995
Charge for year 92
At 30 September 2023 15,087
NET BOOK VALUE
At 30 September 2023 -
At 30 September 2022 92

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 2,257 143,038
Other debtors 114,365 215,671
116,622 358,709

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 58,422 47,224
Trade creditors 132,766 110,562
Taxation and social security 30,219 49,350
Other creditors 742,356 808,911
963,763 1,016,047

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans 17,500 28,333
Other creditors - 36,837
17,500 65,170

8. RELATED PARTY DISCLOSURES

Included in debtors is an amount of £113,480 (2022: £258,998) owed by companies in which the director has a material interest.



9. SECURITY GIVEN

The bank has a fixed and floating charge over company's assets and contains a negative pledge.