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Company Registration No. 07771137 (England and Wales)
SIMPLY SWITCHGEAR LIMITED
Financial Statements
for the Period from 01 January 2024 to 31 December 2024

SIMPLY SWITCHGEAR LIMITED

Financial Statements for the period ending 31 December 2024

SIMPLY SWITCHGEAR LIMITED

Financial Statements for the period ending 31 December 2024

Notes to the Accounts

1. Statutory Information
SIMPLY SWITCHGEAR LIMITED is a private company, limited by shares, registered in England and Wales, registration number 07771137.
2. Accounting Policies
Basis of preparing the Financial Statements
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities.
Presentation Currency
The accounts are presented in £ sterling.

SIMPLY SWITCHGEAR LIMITED

Financial Statements for the period ending 31 December 2024

Notes to the Accounts

3. Employees
Average number of employees, including directors, during the year was as follows:
2024 9
2023 7
4. Principal Activity
Manufacture of electrical switchgear

SIMPLY SWITCHGEAR LIMITED

Financial Statements for the period ending 31 December 2024

Notes to the Accounts

5. Fixed Assets
Plant and Machinery Motor Vehicles Fixtures and Fittings Computer Equipment Total
Cost or valuation £ £ £ £ £
At 01/01/2024 52,869 73,911 4,001 5,469 136,250
Additions 62,924 69,091 6,249 298 138,562
At 31/12/2024 115,793 143,002 10,250 5,767 274,812
Depreciation
At 01/01/2024 36,550 22,244 1,009 4,057 63,860
Charge for the year 10,158 18,836 1,241 1,001 31,236
At 31/12/2024 46,708 41,080 2,250 5,058 95,096
Net Book Value
At 31/12/2024 69,085 101,922 8,000 709 179,716
At 31/12/2023 16,319 51,667 2,992 1,412 72,390