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REGISTERED NUMBER: SC212875 (Scotland)










Unaudited Financial Statements

for the Year Ended

30 November 2024

for

SIMPLE FINANCIAL SERVICES LIMITED

SIMPLE FINANCIAL SERVICES LIMITED (REGISTERED NUMBER: SC212875)






Contents of the Financial Statements
for the Year Ended 30 November 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Accountants' Report 6

SIMPLE FINANCIAL SERVICES LIMITED

Company Information
for the Year Ended 30 November 2024







DIRECTOR: D J Bone



REGISTERED OFFICE: 15 Newton Terrace
Glasgow
G3 7PJ



REGISTERED NUMBER: SC212875 (Scotland)



ACCOUNTANTS: WDM Associates
Oakfield House
378 Brandon Street
Motherwell
ML1 1XA



BANKERS: Lloyds TSB
24 High Street
Paisley
PA1 2BS

SIMPLE FINANCIAL SERVICES LIMITED (REGISTERED NUMBER: SC212875)

Balance Sheet
30 November 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 4 89,631 109,116

CURRENT ASSETS
Debtors 5 2,001 76,962
Cash at bank and in hand 151,383 139,090
153,384 216,052
CREDITORS
Amounts falling due within one year 6 (53,430 ) (49,351 )
NET CURRENT ASSETS 99,954 166,701
TOTAL ASSETS LESS CURRENT
LIABILITIES

189,585

275,817

PROVISIONS FOR LIABILITIES (25,915 ) (20,801 )
NET ASSETS 163,670 255,016

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 163,570 254,916
SHAREHOLDERS' FUNDS 163,670 255,016

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2024 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.

SIMPLE FINANCIAL SERVICES LIMITED (REGISTERED NUMBER: SC212875)

Balance Sheet - continued
30 November 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 director and authorised for issue on 25 August 2025 and were signed by:





D J Bone - Director


SIMPLE FINANCIAL SERVICES LIMITED (REGISTERED NUMBER: SC212875)

Notes to the Financial Statements
for the Year Ended 30 November 2024

1. STATUTORY INFORMATION

Simple Financial Services Limited is a private company, limited by shares , registered in Scotland. 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 fee income received.

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 and 20% on reducing balance

Basic financial instruments
Basic financial instruments, which include trade and other debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost.

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.

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 FINANCIAL SERVICES LIMITED (REGISTERED NUMBER: SC212875)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2023 - 5 ) .

4. TANGIBLE FIXED ASSETS
Improvements Fixtures
to and Computer
property fittings equipment Totals
£    £    £    £   
COST
At 1 December 2023 31,674 160,204 67,175 259,053
Additions - 4,638 - 4,638
At 30 November 2024 31,674 164,842 67,175 263,691
DEPRECIATION
At 1 December 2023 10,098 94,590 45,249 149,937
Charge for year 1,079 17,563 5,481 24,123
At 30 November 2024 11,177 112,153 50,730 174,060
NET BOOK VALUE
At 30 November 2024 20,497 52,689 16,445 89,631
At 30 November 2023 21,576 65,614 21,926 109,116

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 2,000 2,223
Other debtors 1 74,739
2,001 76,962

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Taxation and social security 48,817 45,473
Other creditors 4,613 3,878
53,430 49,351

Chartered Accountants' Report to the Director
on the Unaudited Financial Statements of
Simple Financial Services Limited

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Simple Financial Services Limited for the year ended 30 November 2024 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of ICAS, we are subject to its ethical and other professional requirements which are detailed at https://icas.com/icas-framework-preparation-of-accounts.

This report is made solely to the director of Simple Financial Services Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Simple Financial Services Limited and state those matters that we have agreed to state to the director of Simple Financial Services Limited in this report in accordance with the requirements of ICAS as detailed at https://icas.com/icas-framework-preparation-of-accounts. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its director for our work or for this report.

It is your duty to ensure that Simple Financial Services Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Simple Financial Services Limited. You consider that Simple Financial Services Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Simple Financial Services Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






WDM Associates
Oakfield House
378 Brandon Street
Motherwell
ML1 1XA


25 August 2025