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Registered number: 11602793
Simple Simba Ltd
Unaudited Financial Statements
For The Year Ended 31 October 2024
Silverstone Business Consulting Ltd
Salisbury House
29 Finsbury Circus
London
United Kingdom
EC2M 5SQ
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2—4
Page 1
Balance Sheet
Registered number: 11602793
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 25,437 28,844
25,437 28,844
CURRENT ASSETS
Debtors 5 300,436 167,034
Cash at bank and in hand 21,475 87,528
321,911 254,562
Creditors: Amounts Falling Due Within One Year 6 (410,209 ) (354,354 )
NET CURRENT ASSETS (LIABILITIES) (88,298 ) (99,792 )
TOTAL ASSETS LESS CURRENT LIABILITIES (62,861 ) (70,948 )
NET LIABILITIES (62,861 ) (70,948 )
CAPITAL AND RESERVES
Called up share capital 8 100 100
Profit and Loss Account (62,961 ) (71,048 )
SHAREHOLDERS' FUNDS (62,861) (70,948)
For the year ending 31 October 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Anwar Boukhoulkhal
Director
29/05/2025
The notes on pages 2 to 4 form part of these financial statements.
Page 1
Page 2
Notes to the Financial Statements
1. General Information
Simple Simba Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 11602793 . The registered office is 2 Allan Way, London, England, W3 0PN.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Motor Vehicles 25% on reducing balance
Fixtures & Fittings 25% on reducing balance
2.4. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account as incurred.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 3 (2023: 3)
3 3
4. Tangible Assets
Motor Vehicles Fixtures & Fittings Total
£ £ £
Cost
As at 1 November 2023 52,500 14,304 66,804
Additions - 4,370 4,370
As at 31 October 2024 52,500 18,674 71,174
...CONTINUED
Page 2
Page 3
Depreciation
As at 1 November 2023 32,443 5,517 37,960
Provided during the period 5,015 2,762 7,777
As at 31 October 2024 37,458 8,279 45,737
Net Book Value
As at 31 October 2024 15,042 10,395 25,437
As at 1 November 2023 20,057 8,787 28,844
5. Debtors
2024 2023
£ £
Due within one year
Other taxes and social security 3,651 -
Director's loan account 296,785 167,034
300,436 167,034
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts - 5,602
Bank loans and overdrafts 15,433 25,188
Other Creditor - Deposit 393,450 322,503
Pension liability 161 88
Accruals and deferred income 1,165 973
410,209 354,354
7. Obligations Under Finance Leases and Hire Purchase
2024 2023
£ £
The future minimum finance lease payments are as follows:
Not later than one year - 5,602
Later than one year and not later than five years - -
- 5,602
- 5,602
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
Page 3
Page 4
9. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 November 2023 Amounts advanced Amounts repaid Amounts written off As at 31 October 2024
£ £ £ £ £
Mr Anwar Boukhoulkhal 167,034 131,251 1,500 - 296,785
The above loan is unsecured, interest free and repayable on demand.
Page 4